Real Estate Rock Stars; Young Entrepreneurs - Future Property Investing
PDF ONLY: This course is designed for young learners (recommended ages 12 and older) who are interested in the dynamic world of real estate. It offers a comprehensive introduction to the basics of buying, selling, and investing in properties. The course combines theoretical knowledge with practical activities, including the use of online tools for property hunting and budgeting exercises.
Students will be guided through (and virtually role-play) the entire home-buying process, utilizing popular online home-searching platforms, and gaining insights into the realm of becoming skilled real estate investors. It's quite conceivable that some of our students might even be inspired to pursue a career as real estate agents at the age of 18.
Target Audience
Beginners with no prior knowledge of real estate
Young learners and teenagers who are interested in understanding the property market. (Recommended audience is 12 and older)
Course Objectives
- Understand the different types of properties and their characteristics.
- Learn the process of buying, selling, and renting properties.
- Develop skills in budgeting and financial planning for real estate investments.
- Gain familiarity with key real estate terminology and concepts.
- Use online platforms like Zillow for property searches and assessments.
Course Structure and Sessions Overview
Session 1: Introduction to Real Estate
Learning Key Real Estate Terms
Session 2: Budgeting and Income Profiles
Introduction to Budgets and Financial Planning
Creating a Simple Budget
Class Activities: Budgets and Career Profiles
Session 3: Property Search and Purchase
Introduction to Online Real Estate Listings
Using Zillow for Property Searches
Class Activities: The House Hunt and Rental Comparison
Session 4: The Realtor (Real Estate Agent)
Role and Importance of Realtors
Understanding the Property Buying Process
Session 5: Credit Score
Understanding Credit Scores and Their Impact
Examples of Good and Bad Credit Scenarios
Session 6: Introduction to Mortgages
Understanding Mortgages: Basics and Terms
The Process of Finalizing a Mortgage
Session 7: Real Estate Investment Basics
Introduction to Real Estate Investment
The Game of Risk and Return
Session 8: Real Estate Investing: Buying then Renting For Profit
Class Activity: Finding Your First Property to Rent
Understanding Rental Properties and Landlord Responsibilities
Session 9: Exploring the Journey of Selling/Flipping a Property
Class Activity: Find a House to Flip
Understanding House Flipping and its Financial Implications
Session 10: The World of Real Estate: A Fun Career Path for Young Minds
Exploring a Career as a Real Estate Agent
Skills Development and Networking Opportunities
Session 11: Conclusion: Now What?
Continuing Education in Real Estate
Encouragement for Future Endeavors in Real Estate
National Standards For Education:
We can reference frameworks like the Common Core State Standards (CCSS) for Mathematics and English Language Arts (ELA), the National Standards for Social Studies, and the National Standards in Economics. These frameworks provide a foundation for integrating real estate concepts into educational curricula, focusing on critical thinking, financial literacy, mathematical reasoning, and understanding of economic principles and the housing market. Below is how the course content aligns with these national learning standards:
English Language Arts (ELA) Standards:
Reading and Comprehension: Students will engage with texts that explain real estate concepts, developing their ability to understand and analyze informational text.
Writing: Students will complete assignments that require them to argue a point of view or explain real estate processes, thus enhancing their writing skills.
Mathematics Standards:
Numbers & Operations: Understanding mortgages and interest rates will involve arithmetic and percentage calculations.
Algebraic Thinking: Budgeting exercises will require students to solve equations and understand variables (e.g., income, expenses, profit/loss).
Statistics & Probability: Analyzing real estate market trends and property valuations will involve interpreting data and making predictions.
Social Studies and Economics Standards:
Economic Decision Making: Students will learn about financial planning, investment strategies, and the concept of risk and return.
Market Forces: Understanding how supply and demand affect real estate markets.
Role of Government: Discussion on zoning laws, property taxes, and the regulatory environment affecting real estate.
Financial Literacy Standards:
Personal Financial Literacy: Key concepts such as saving, investing, credit management, and the importance of insurance will be covered.
Financial Principles: Understanding mortgages, interest rates, and the impact of credit scores on loan terms.
Career and Technical Education (CTE) Standards:
Career Exploration: Exploring career paths within the real estate industry, such as becoming a real estate agent, investor, or property manager.
Entrepreneurial Skills: Developing an entrepreneurial mindset and skills necessary for starting and managing real estate investments.
Integration into School Curriculum:
Interdisciplinary Approach: The course can be integrated into existing subjects, such as Math (budgeting and financial calculations), ELA (reading and writing about real estate topics), and Social Studies/Economics (understanding the housing market and economic principles).
Project-Based Learning: Students can engage in projects that simulate real-world real estate investment scenarios, enhancing their problem-solving and decision-making skills.
Assessment:
Performance-Based Assessments: Students can be assessed through presentations, projects, and portfolios that demonstrate their understanding of real estate concepts and their ability to apply them in practical scenarios.
Reflection and Discussion: Encourage students to reflect on their learning experiences and participate in discussions about the impact of real estate on the economy and society.
Students not only gain specific knowledge about real estate investing but also develop broader skills in financial literacy, critical thinking, and economic understanding that are applicable in various aspects of their lives and future careers.
Learning Outcomes: By the end of this course, participants will have a foundational understanding of real estate dynamics, the ability to make informed decisions in property investments, and a practical approach to budgeting and financing in real estate.
Kids Course: 1 CLASS LICENSE: Real Estate Rock Stars; Entrepreneurs
This is an interactive PDF. It should be followed with students who have access to a laptop or desktop. Links to tutorial videos are included in the document.
License: Please purchase 1 license per classroom. Unlimited use in the classroom with the same students. We appreciate it!