Lesson 7: Review for Exam 1

September 14, 2021

Review:

  • ROI Pro Forma Analysis
  • Exam 1 on Thu
  • Bring 1-page property analysis to exam
  • Exam Format
    • Short essay
    • Just you, a pen/pencil, a calculator and the exam
    • No notes, materials, phone, laptop, com device, etc
    • No leaving the classroom during the exam
    • No “sharing” with your neighbor
  • Exam Tips
    • Write clearly
    • Don’t leave blanks – write what you know so I can award partial credit

Presentation:

  • Review topics for Exam 1
    • How to buy a single family home
      • Save for down payment
      • Loan pre-approval
      • Property search, MLS
      • Offer, Negotiation, Under Contract
      • Earnest Money
      • Inspection
      • Appraisal
      • Title, Escrow, Closing
    • Mortgage 101
      • Down payment (20%)
      • Fixed vs ARM
      • Interest rate
      • Amortization schedule
      • Property Taxes
      • Hazard Insurance
      • PMI
    • Comparable Sales Analysis
      • Single Family Valuation
      • Identify “comps”
      • Price per SqFt
      • Adjustments to account for key differences
    • ROI Pro Forma Analysis
    • Review 1-page property analyses

Assignment:

  • Finalize 1-page property analysis
  • Study for Exam 1

Justin

Justin Holman is CEO of Aftermarket Analytics, where he leads efforts to develop cutting edge sales forecasting and inventory optimization technology for the Automotive Aftermarket. Prior to joining Aftermarket Analytics, Justin managed corporate consulting for the Strategy & Analytics division at MapInfo Corporation, leading major projects for retail clients including The Home Depot, Darden Restaurants, Bridgestone-Firestone, Sainsbury’s and New York & Company. Before that, Justin served as Vice President of Software Development at LogicTools, now part of IBM's supply chain application software group. Justin holds a B.A. from Claremont McKenna College, a Ph.D. from the University of Oregon and an Executive Management certificate from Northwestern University's Kellogg School of Management.

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