Real Estate Investment and Finance  

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.

Topics include: 

• 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

Learn:  

• Understanding of physical and market value
• Determining a property’s economic value
• Financing investments and increasing value
• Working knowledge of current tax laws, like capital gains and depreciation

ACE credit recommendation: 3 semester hours, upper division baccalaureate in Real Estate, Property Management, Finance, or Business Administration.

*BOMI International's Real Estate Investment and Finance course requires a financial calculator. The course textbook is written for the following calculators: HP 10b, HP 10bII, HP12C, and HP 19BII.

The HP 10b calculator is no longer being produced. Although you cannot purchase HP 10b calculators from Hewlett-Packard, you can still find them in office supply stores and at www.yahoo.shopping.com (search for “HP 10b business calculator”). The HP 10b retails for approximately $35.00.

The HP 10bII calculator,which retails for $29.95, can be purchased online at http://www.hp.com or by calling 888-999-4747. It is currently available in some office supply stores in  New York and Chicago, but is making its way across the country. Distribution will increase with time.

The HP 12C calculator, which retails for $69.00, can be purchased at http://www.hp.com , by calling 888-999-4747 and in office supply stores.

The HP 19BII, which retails for $129.00, can be purchased at www.hp.com, by calling 888-999-4747 and in office supply stores.

If you have questions about which office supply stores carry these calculators, go to http://www.hp.com/calculators/purchase/north_america.shtml for a state-by-state guide.