Maricopa Community Colleges  EPS103   20054-99999 
Official Course Description: MCCCD Approval: 03/22/05
EPS103 20054-99999 LEC 1 Credit(s) 1 Period(s)
Rich Dad's Real Estate Investing
Covers the basics of investing in real estate, how to find property, evaluate property worth, negotiate investment transaction and how to manage real property. Prerequisites: EPS102
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MCCCD Official Course Competencies:
 
EPS103   20054-99999 Rich Dad's Real Estate Investing
1. Describe the eleven myths of real estate investing. (I)
2. Describe how the eleven myths affect your attitudes and behaviors towards investment opportunities. (I)
3. Identify team members for success in real estate investing. (II)
4. Describe the resources available for performing real estate market research. (III)
5. Compare markets using real estate research. (IV)
6. Identify major elements of a good real estate investment market. (IV)
7. Analyze real estate market information. (IV)
8. Describe the Five Step Property Evaluation process. (IV)
9. Perform a pro forma to calculate an offer price. (IV)
10. Describe the purchase and sale agreements. (IV)
11. Explain the concept of "Due Diligence." (V)
12. Describe the systems for real estate maintenance, accounting, and rent collection. (VI)
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MCCCD Official Course Outline:
 
EPS103   20054-99999 Rich Dad's Real Estate Investing
    I. The Eleven Myths of Real Estate Investing
        A. Wealth and Start-up Investing
        B. Flipping Properties and No Money Down
        C. Confidence and Investing
          1. Time
          2. Know somebody
          3. Negotiating
      II. Creating a Team
          A. The pros and cons of working with family members
          B. Partners
          C. Your Business Team
            1. Property Search Team
            2. The Offer Team
            3. Professional Team
        III. Research
            A. Level One Research (Preliminary research)
            B. Level Two Research
            C. Level Three Research
          IV. Identifying and Analyzing a Market
              A. Supply and Demand
              B. Location/Focusing Your Market
              C. Five Step Property Evaluation
              D. Purchase and Sale Agreement
            V. Due Diligence
                A. Due Diligence Checklist
                B. Books and Records
              VI. Owning and Operating
                  A. The Property Plan
                  B. The Operating Budget
                  C. Managing Your Property
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