Test Drive/Lesson One—Real Estate Investment and Cash Flow Principles

  Steps To Complete Each Lesson

Step 1 — Review the Terms and Learning Objectives below;

Step 2 — Study the Test Drive text, answering each progress question correctly;

Step 3 — Participate in the mandatory Discussion Question. Access the Discussion Question using the button located at the end of Test Drive;

Step 4 — Pass the Lesson Quiz to receive passwords and a link to the next lesson.

  Terms

  Learning Objectives

Upon completion of Test Drive, you will be able to:

•  Define investing, and then list the items that investors should consider before selecting a particular investment.

•  Discuss how real estate compares with other types of investment vehicles.

•  Explain the following cash flow terms:
          Gross Scheduled Income
          Gross Operating Income
          Net Operating Income
          Before Tax Cash Flow

•  Do a basic cash flow analysis for a small rental property.