Real Estate Investment and Finance

Required in:

Through this course you will learn to take charge of real estate investments in order to maximize the value of a property. You will develop knowledge about basic financial concepts as they relate to real estate, including valuation, analysis, taxation, depreciation, and life-cycle costing. Similarly, you will learn to evaluate real estate investments and to develop budgets that estimate net operating income. You will study the income capitalization approach and cover property taxation costs and strategies to offset these costs. You will also gain the skills to conduct discounted cash flow analyses and calculate net present value and internal rate of return. This course features exercises that require the basic use of the HP-10BII financial calculator.

Major topics covered in this course

• Asset valuation and enhancement
• Costs and taxes
• Capitalization
• Site and building analysis
• The appraisal process
• Discounted cash flow measurement
• Ownership vehicles
• The basics of lending and current lending practice

You will take away these key concepts and skills

• A clear understanding of physical and market value
• The know-how to determine a property's economic value
• An understanding of how investment is financed and how value is increased
• A working knowledge of current tax laws regarding such areas as capital gains and depreciation

Canadian tax laws and property assessment are covered in various chapters. With a clear understanding of physical and market value, you will be able to more efficiently manage the owner's assets.

NOTE: The HP-10BII financial calculator is required for this course. For information on how to purchase, visit Hewlett Packard's Web site at www.hp.com.

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