CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS
Self-Study

Real Estate Investing

7 Credits: Specialized Knowledge

$203.00$233.00

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Real Estate Investing

Format
Self-Study
Course Level
Overview
CPE Credits

7 Credits: Specialized Knowledge

Course Description

Investing in real estate can be an extremely profitable endeavor, but only if you know the pitfalls to avoid. In the Real Estate Investing course, we discuss every aspect of locating, evaluating, purchasing, financing, and operating an investment property. Topics covered include conducting a local market analysis, analyzing leases, valuing a property, and how to conduct due diligence. The course also addresses the tax aspects of real estate investing, including like-kind exchanges, installment sales, and the tax basis of property.

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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.
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Course Specifics

Course ID
SS1223363353
Revision Date
December 28, 2023
Prerequisites

There are no prerequisites.

Advanced Preparation

None

Number of Pages
146

Compliance Information

NASBA Provider Number: 103220

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …