Investing in real estate can be an extremely profitable endeavor, but only if you know the pitfalls to avoid. In this real estate accounting course, we discuss every aspect of locating, evaluating, purchasing, financing, and operating an investment property. Topics covered in this CPE real estate tax course include conducting a local market analysis, analyzing leases, valuing a property, and how to conduct due diligence. The real estate accounting online course also addresses the tax aspects of real estate investing, including like-kind exchanges, installment sales, and the tax basis of property.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Identify the advantages and disadvantages of real estate investing.
Specify the different types of real estate investments.
Describe the different avenues to pursue to acquire property.
Identify the characteristics of an ideal seller.
Specify the features of the different types of mortgages.
Identify the fees associated with a lending arrangement.
Recall the contents of a personal financial statement.
Specify the tasks to include in regional and local real estate analyses.
Describe the different types of barriers to entry for a geographic region.
Specify the issues that can increase the value of a property lease.
Specify the factors that can increase the value of a property.
Recall the different metrics used to evaluate a property.
Recall the different types of revenue that can be extracted from tenants.
Specify how common area maintenance charges are calculated.
Identify the options for negotiating with a seller over the price of a property.
Recall the reasons why an earnest money deposit is paid.
Recall the due diligence items associated with a property purchase.
Specify the characteristics of the legal entities that can be used to own property.
Identify which parties pay the various closing costs.
Recall the advantages and disadvantages of personally managing a property.
Specify the interviewing topics to be used when selecting a property management firm.
Identify which operating policies can be impacted by government regulation.
Recall the best techniques for showing a property.
Specify how coinsurance works.
Recall how the original and adjusted bases of a property are calculated.
Recall the tax impact of mortgage financing.
Specify the depreciation durations that can be applied to property.
Identify how the passive activity loss rules apply to a real estate investment.
Major Topics
Types of Real Estate Investments
Real Estate Investment Best Practices
Asset Allocation Issues
Options for Obtaining a Down Payment
Mortgage Fees
Finding a Lender
Where to Invest
The Real Estate Cycle
Rent Control
The Nature of a Lease
How to Derive a Property Value
Appraiser Valuation Methods
The Negotiation Element
Contents of the Purchase Agreement
Opening Escrow
Closing the Transaction
Managing a Property Yourself
Setting Rental Policies
Showing a Property
Insurance Coverage
At-Risks Rules
Property Exchanges
Home Converted to Investment Property
