Cheaper way to get classes for RE


Oops, my friend just told me about online RE classes with just $61 per class and $18 for the book plus shipping and tax. It is so cheap comparing to the one in community college with $46 per unit and each course has 3 units. I decide to drop the 2 classes that I just register and go with the new path. And I don’t have to take RE economics because my micro-econ qualifies as equivalent course (no limit on how long it was taken Yay!!!), so 6 more classes to go.

The website is


Register 2 classes for Fall semester


Just registered 2 classes today for Fall semester: Legal aspect of RE and RE appraisal I.

My current class RE practice is at chapter 6. Half-way done. Yay!!!

What I have learned so far:

1. Terms in real estate

2. How to read a purchase agreement

3. How to read a listing agreement

4. Disclosures when buying or selling a house

I do not intend to practice in RE. I just want to gain knowledge so that it will be easier for me to buy or sell my own house later. I can save 3% of commission if I sell my own house with the knowledge of a listing agent :D. To sit for the exam of RE broker, I need 8 classes. If everything goes smoothly, I will be able to sit for the exam by the end of next year. The total cost of 8 classes at a community college is about $2000. If selling a $350,000 house, you can save the amount of 3% commission which is $10,500. I think it is a good investment to take RE classes even when you do not want to practice in this profession. A transaction in buying or selling a house involves a big amount of money, probably the biggest investment of one’s life. Therefore, you need to have knowledge to make everything go smoothly and make it work for you, not for anyone else. I work, so I do not qualify for financial aids. I wish I took these classes while I was still in pharmacy school. Anyway, think about it and let me know if you decide to take classes after reading this post.



Rental property: How to file tax


Need to read these documents:

  1. Topic 414: Rental Income and Expenses
  2. Topic 415: Renting Residential and Vacation Property
  3. Pub 527: Residential Rental Property
  4. Schedule E: Supplemental Income and Loss
  5. Schedule C: Profit or Loss from Business
  6. Pub 946: How to depreciate property
  7. Form 4562: Depreciation and Amortization
  8. Topic 425: Passive Activities – Losses and Credits
  9. Form 8582: Passive Activity Loss Limitations
  10. Pub 925: Passive Activity and At-Risk Rule

Source: Forms and publications can be ordered FREE from IRS up to 10 different products (2 copies of forms and 1 copy of publication of each topic).

**On chapter 3 of my online real estate class. Class started on July 2. Good progress so far.**



Limit the supply


Pharmacy career is getting saturated. More pharmacy schools are established, more pharmacists graduate, more supply than demand. It happened once in 1970s. I even feel that my salary right now is overpaid. One day, I may be laid off just like anybody else. In contrast, dentists and medical doctors are always needed. Lawyers are also on the rise, but then the schools immediately limit the number of students admitted so that the surplus will not occur. You know, some professions know how to limit the supply so that the salary will be kept up high. The average student loan for medical doctors is $800,000 and for dentists is $300,000. That amount is too high, which will lead to high health care cost to compensate for their debts.

I think AMA has the ability to open more medical schools, but they just don’t want to because it may hurt their compensation.


Savings vs. Spending: It has to be both


My friend argued that consumerism helped stimulate the U.S. economy and other countries’s economy in general. I realized that everything has 2 sides. Some people have to spend and the other savers benefit. The rich benefits from the poor. The one with knowledge will benefit from the one without knowledge. Everyone is never created equally. If everyone invests the same stock/ same regime, they are not going to make money. Warren Buffett disclosed just some of his investments. It is his secret and it is how he can compete with other investors. The information is not accessible equally to everyone. The knowledge cannot be spreaded 100% so that someone still has the capacity to direct others.

I wrote a post last year mentioning “Savings and the Wealth of Nations“. Spending vs. savings is a complicated issue, but I think it has to go hand in hand.