I'm Rich Rice, a real estate investor in Riverside and founder of the FIRE Center. Learn the calculations, property decisions and business systems behind the work, with exercises and materials you can put to use as you study.
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Flips. Rentals. Creative finance. Property management. My work includes the decisions and day-to-day systems that keep a real estate business running.
I built the FIRE Center in 2023 for practical education and honest conversations. In my classes, I teach the work behind the decision, so you have something specific to study and practice.
See all instructorsIn Calculate Better Deals, work through payments, balances, yields and discounting. Learn the difference between amortized and interest-only notes, then practice the calculations with an HP10BII calculator or 10bii app.
The manual gives you drills to work through. Two questions guide every step: What are you actually solving for? Does the answer make sense?
Explore Calculate Better DealsChoose the skill you need to work on:
If the numbers stop you, start with Calculate Better Deals. Give yourself one clear subject to work through first.
Fill in the calculator manual's practice tables. Work through property walks, scope of work, contractors and project management in my house-flipping class. Use the prompt workbook in my AI class.
You don't have to tackle the whole business at once. Pick the task in front of you and start with the material that teaches it.
I also host FIRE Your Boss with Rich Rice, the podcast formerly called FIREchat.
Teaching and real estate conversations are both part of my work at the FIRE Center. My classes give you a focused place to take the next step: choose a subject, open the materials and work through it.
See a WednesdayI teach deal calculations, house flipping, AI, deal finding, FIRE-number planning and accessory dwelling units. Pick the part of the business you want to understand and start there.
Start with Calculate Better Deals. Work through the HP10BII, note payments, balances, amortization, yields and discounting, using the manual's practice exercises.
Have an HP10BII financial calculator or the 10bii app available. You'll use it to work through the exercises.
Classes are currently included with both FIRE Starter and FIRE Builder.
Explore Calculate Better Deals for the lessons and practice materials that teach you to work through payments, balances and yields.
Explore my class