| Success Kit Course Description
Although surrounded by a world of computers, a real estate professional still relies on the convenience of a hand-held financial calculator that will quickly compute loan payments, qualifying ratios and multiple “what if” scenarios. In today's real estate market, it is essential to provide both buyer and seller with the most accurate information available.
Upon completion of Module I of this course, you will be comfortable with the basic functions of the Qualifier Plus IIx and Qualifier Plus IIIfx calculators and you will be able to solve several advanced real estate finance functions, including rapid and accurate qualification scenarios. Your confidence will improve and your clients will benefit from your on-the-spot solutions.
Module II of this course features instruction for advanced real estate finance concepts, including bi-weekly and balloon payments, future values, adjustable rate mortgages (ARM), combo loans, and more. You'll soon master the QPIIIx and QPIIIfx and be able to offer quick and accurate answers to important real estate finance questions.
Real estate investment and commercial lending concepts are covered in Module III of this course, designed for use with the QPIIIfx calculator only. Multiple cash flows, internal rate of return (IRR), net present value and net future value (NPF/NFV) are addressed in detail.
Contents:
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Module I |
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Chapter 1 |
The Basics |
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Power On
Clear
Second Functions
Decimal Settings
Recall Key
Triple Zero Key |
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Chapter 2 |
Date Math |
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Chapter 3 |
Overview of Financial Keys |
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Loan Amount
Payment
Term
Interest |
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Chapter 4 |
Sales Price, Down Payment & Loan-To-Value |
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Chapter 5 |
Calculating Payments |
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Monthly (P&I) Payment
PITI and Total Payment
Paying Off a Loan Early |
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Chapter 6 |
Amortization |
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Simple Amortization
Amortization and Mortgage Interest Deduction |
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Chapter 7 |
Qualifying |
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Module II |
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Chapter 8 |
Advanced Qualifying |
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Qualifying with Various Ratios
Qualifying by Income Needed |
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Chapter 9 |
Payment Options |
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Bi-Weekly Loans
Adjustable Rate Mortgage (ARM)
Low-Start Payment / Negative Amortization
Interest-Only Payment
30 vs. 15 Year Loan |
| Chapter 10 |
Annual Percentage Rate (APR)
Truth In Lending Statement |
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Chapter 11 |
Remaining Balance / Balloon Payment |
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Chapter 12 |
Estimated Tax Savings |
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Chapter 13 |
Rent vs. Buy Comparisons |
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Chapter 14 |
Future Value - Appreciation |
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Chapter 15 |
Prices and Yields / Trust Deeds |
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Chapter 16 |
Combo Loans |
| Chapter 17 |
Calculating Points & Fees |
| Chapter 18 |
Calculating Commission / Listing Price |
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Chapter 19 |
Additional Financial Examples |
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Chapter 20 |
Preference Settings |
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Chapter 21 |
Case Study - Putting It All Together and Selling the Numbers |
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Module III |
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Chapter 22 |
Basic Assumptions Before You Begin |
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Chapter 23 |
Case Study- The Case Study 10-Plex |
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Chapter 24 |
Step#1 Getting Started |
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The Property Profile Form
The Two Cash Flow Equations |
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Chapter 25 |
Step #2 - Using Benchmarks |
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Cash on Cash (C/C)
Gross Rent Multiplier (GRM)
Cost Per Square Foot
Capitalization Rate (Cap Rate) |
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Chapter 26 |
Step #3 - Uneven Cash Flows and the “Cash-Asset-Cash Model” |
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The “Cash-Asset-Cash” Model
Inputting Uneven Cash Flows |
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Chapter 27 |
Step #4 - Internal Rate of Return and Net Present Value |
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Internal Rate of Return
Net Present Value (NPV) |
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