Wealth Building Made Simple

(HQ) Wealth Building Made Simple - 3CE

Wednesday, April 29, 2026 (10:00 AM to 1:00 PM)
3 Education Credits

Many people of ordinary means build significant wealth by investing in real estate rather than relying on inheritance or chance. Real estate not only strengthens retirement portfolios but also creates opportunities for generational wealth—assets passed from one generation to the next. With 90% of the world’s millionaires investing in real estate, this course breaks down the essential strategies for purchasing a single‑family rental home and continuing to grow your investments over time. You’ll learn how to set realistic expectations, identify a strong property, calculate rent and expenses, and explore key mortgage, purchase, and ownership options to support long‑term financial growth.

- Explain the importance of researching comparable properties.
- Identify key factors when searching for comparable properties.
- Evaluate comparable homes to find worthwhile investment properties.
- Evaluate comparable homes to establish reasonable rent prices.
- Calculate the vacancy rate and vacancy expense for a rental property.
- Identify the importance of calculating the vacancy expense of a rental property.
- Define key vocabulary with regards to mortgages and purchase options.
- Calculate the typical down payment for a rental property and the remaining purchase price.
- Demonstrate an understanding of an amortization schedule.
- Identify the difference between total income versus cash flow.
- Define typical operating expenses for rental properties.
- Estimate annual and monthly operating expenses for a rental property (including reserves).
- Explain the relationship between owning real estate and building wealth, especially with regards to retirement.
- Define forced savings and return on investment.
- Identify the benefits of price appreciation and mortgage amortization for property owners.
- Calculate income, rate, and value using the IRV formula.
- Calculate first year benefits of property ownership using the IRV formula.

MIAMI Global HQ - Conference Center of the America - Conference Center of the America
MIAMI Global HQ - Conference Center of the America (Conference Center of the America)
1800 Oakwood Dr
Miami Springs, FL 33166

Map & Directions

Steve David
Steve has been part of the GRI faculty for over 26 years, consistently scoring in the top 2% of the entire 60-instructor faculty. He also has spoken at the National Association of Realtors Education Directors meeting as well as the NAR Education Director’s Workshop. He has spoken at the AEI Institute, RAPDD program in Wichita and several state association conventions including Tennessee, Wisconsin, Maryland, and Florida. He has served as Chairman for Professional Development twice, was ‘State Educator of the Year’ in 1997 and served as Chairman of the FAR Leadership Academy.
Steve started in the real estate sales business in 1974 quickly rising to the top producing salesperson in CENTURY 21 Real Estate in Florida, selling over 100 million dollars in residential real estate during a 4 year period. That same year he started investing in real estate, and over 40 years later has owned or managed over 600 properties

Cancelation must be received in writing 72hours prior to class. No refunds/credits within 72 hours. No refunds/credits for No Shows. To cancel your registration, send an email to the Education Department at registration@miamire.com

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Wealth Building Made Simple