Profit Lab
How is a Profit Lab different from a typical real estate investing course?
NYREI is the premier real estate investment school in New York. We bring together a diverse group of professionals to teach you up-to-date real estate business practices that will help you increase your bottom line. Not only will you walk away with practical knowledge, but you’ll also have your real estate investment certificate and the confidence to use it. Our pro coaches and teachers investment experience to teach students the skills they need. See the faculty line up below.
1. How to Find and Purchase Income-Producing Properties
- Spot undervalued properties before they hit the market
- Learn real estate investing from a “buy low” standpoint.
- Find the property that fits your investment goals best
- Identify trends in property values, rent levels and appreciation
- Attract the ideal tenants
2. Real Estate Finance
- Creative ways of financing
- Assess a property’s net operating income and determine the amount of income you can expect from it
- Estimate the market value of a rental property
- Analyze a property’s expected ROI
- Perform financial due diligence on a property you are considering
3. The Best Ways to Negotiate Profitable Real Estate Deals
- 15 negotiable gambits: how to use them and how to recognize them when they are being used on you
- Checklists and steps for preparing for any negotiation
- How to write basic contracts, legal documents, offer letters, sales contracts and more
- Determine which terms are worth fighting for and which aren’t
4. Entry and Exit Strategies for Savvy Real Estate Investors
- Execute a wealth creation plan
- Make money through amortization, cash flow and appreciation
- Find and profit from discount properties and foreclosures
- Determine which geographic location is best or the kind of investments you want
- Plan your exit before you enter a situation
- Predict your ROI
- Profit from advance strategies like condo conversions
5. Significantly Increase the Value of Any Property
- Maximize real estate investments through strategic improvements
- Protect money — even in a down market
- Calculate the cost and financial soundness of a project
- Learn the categories for analyzing a target market
- Tailor upgrades to draw tenants from your target market
- Estimate the added value and income that will result from specific improvements
- Locate hidden opportunities to increase the value of properties you already own
6. Maximize Profits by Managing Real Estate like an Entrepreneur
- Keep expenses down and income up
- Avoid the most costly management mistakes investors make
- Research competitors and write effective promotional copy
- Develop an entrepreneurial vision for your property
- Tailor lease terms to your target market
- Keep maintenance costs low
- Determine a marketing budget and maximize your advertising dollars
- Spot trends in vacancies and demand
- Identify a target market based on the building, local economy and demographics
Among the many topics, this real estate investment course will include:
- Principles of Real Estate
Pre-foreclosures, Foreclosure, Short-sales, Loan Modifications, REO’s - How to Fund the Deals
- Creative Finance
Lease Options, Sandwich Lease Options, Seller Held Seconds, Seller Gift of Equity, Owner finance, Wholesale, Bulk Wholesale, Equitable Title - Choosing Target Area
- How to Find the Deals
- How to Search Websites
- 4 Golden Rules
Market • Cash Flow • Walk In Equity • Exit Strategy - How to Determine Value:
CMA • RMA • Math - Deal or no Deal
- Structure the Deal
- Contracts:
Intent to purchase • Offer to purchase - Marketing
- Commercial Real estate
- Building Your Power Team
- Offers and Sales Pitch:
Property Types and Locations, Building Your Buyers List, Handling Phone Calls and Leads, Retailing Properties Step-by-Step
Continuing Education
Licensed brokers and salespersons are eligible to take any of our continuing education courses for credit.
Course Access Term
Classroom and Livestream Courses
Our Classroom and Livestream Courses must be completed within 4 months of registration date. After 4 months, courses will automatically expire and will not be accessible. Students may purchase an extension if they wish to continue in the course after 4 months.
Self-Paced Online
Online students have 4 months to complete their salesperson licensing course. After 4 months, the course will expire and students must purchase an extension to continue. According to New York Department of State regulations, students must complete their online coursework and the school’s final exam within 12 months from the date of purchase. If the student does not complete the coursework and exam within 12 months, the student will have to repurchase and retake the entire course again.
Extension Fees
Students are encouraged to purchase an extension if they require more than 4 months to complete their coursework. The fees charged for extensions are:
Course |
2 Month Extension |
1 Month Extension |
77 Hr Salesperson Licensing |
$150 |
$100 |
75 Hr Broker Licensing |
$150 |
$100 |
30 Hr Remedial |
$150 |
$100 |
To request an extension, please call the office (212) 967-7508 or send an email info@nyrei.com
Course Completion And Credit
Once you pass the in-person proctored final exam, you will be issued your course completion certificate. The school will notify the state that you successfully passed the course.
Switching Between Online And In-Person Courses
Students may switch between live in-person and zoom streaming classes only. Each class earns credit once, and students won’t receive credit for attending the same class multiple times.
If a student hasn’t started the course yet, they may switch between live in-person or zoom and online self paced.
If a student already started the course live in-person and wishes to switch to online self paced any hours completed online will not transfer and must be retaken. For assistance email info@nyrei.com or chat with someone live via the chat widget on the website.
Refund Policy
Refunds less a $25 administration fee will only be given if a written request is received within 3 days of registration and will be made to the original form of payment. If requested after the 3 day period, students will receive school credit that never expires; the credit is transferable to someone else if the course has not been started. No refund will be given once you have attended a class. No refund will be given for any books and/or course materials received. Upon written request, a check will be mailed to you within 14 business days.
To request a refund, please send written notice by email info@nyrei.com.
Proctored Exam
All students pursuing their license must sit for a proctored school exam after completing their required hours. NYREI is approved to offer the proctored exam online. Please note that it may take up to 24 hours to confirm registration enabling access to the online test. Students must have access to a computer with a camera that can display their face. Students are required to show a government issued ID to take the school exam.
Proctored exams are administered at our Manhattan location on Mondays at 1pm for Salesperson Licensing and Mondays at 3pm for the Broker Licensing. However, you can schedule a private proctored exam at any time convenient to you for an additional $50 proctor fee.
Please note: Students must bring #2 pencils, a calculator, and a valid photo ID. Self-paced online students must bring a printed copy of their Student Affidavit.
If you would like information on taking the proctored exam in an approved location outside of Manhattan, please email info@nyrei.com.
Manhattan Branch
132 W 36th Street, 2nd Floor
New York, NY 10018
Phone: (212) 967-7508
Email: info@nyrei.com