Borrow Smart Realtor CE Class is a Big Hit!

On December 15, 2011, I hosted my third Realtor Continuing Education Class and the feedback has been nothing short of amazing. Most of the Realtors that attended the class admitted that they came simply to get the 4 hours of continuing education credit. However, they also admitted that within the first 45 minutes they realized that they were going to get so much more, and that by the end of the 4 hours their knowledge and understanding had been transformed.

Of course, I had to ask if that transformation was a good thing or a bad thing and they responded by saying that they wish they had known this information earlier in their career. It definitely would have changed the advice that they gave their clients as well as changed some of the decisions they made for themselves around real estate and borrowing.

The class was designed to show the role the house plays in creating wealth for their clients, and themselves. The house is the greatest single asset and liability for most Americans and, yet, owning a house can be one of the best tools for creating wealth. It is likely that more wealth will flow through your house than all of your other assets combined. How you manage that wealth and the associated cash flow may well determine whether or not you achieve financial independence.

In the class I cover how the house compares to other investments as it relates to safety, liquidity, rate of return, and tax treatment. House equity, the net value of a house-related investment, is still the most common form of wealth in the United States today. For many of us, it is the first step toward wealth development. Options for managing the wealth in the house can be very confusing, yet that wealth as a percentage of total assets, may still account for a huge proportion of your total net worth.

We discussed in detail the four threats to the wealth in the house, more commonly known as equity, and the four hurdles to accessing that wealth. We also covered how the tax benefits of owning a house really work and explained how wealth in the house has a zero percent rate of return.

Financial institutions tell us to do one thing with our money while they do the complete opposite with the money we blindly give them. Americans are not afraid to borrow money. In fact, we borrow money in record amounts every year. However, it could be argued that our borrowing is not always smart.

If you know a Realtor that you believe would benefit from knowing and understanding this information have them click here for more details or here to reserve a seat.

The next class is:

Date: January 19, 2012
Time: 10:00am to 2:00pm
Location: El Cajon Library
201 E Douglas Avenue
El Cajon, CA 92020

Seating is limited to 20 attendees! The cost is $25.00. Lunch and 4 hours of continuing education credit are included!

To reserve a seat they should go to www.AgentCEClass.com. Click here to view a flyer about the class. Feel free to contact me at (619)994-1110 or e-mail me at SPerkins@NIOFE.org with any questions.