Course curriculum

  • 1

    Introduction

    • Introduction

  • 2

    Case Study: Joe's First Investment

    • Why Invest In Real estate?

    • Meet Joe

    • Which Market will Joe Choose to Invest In

    • Zillow Alternatives

    • Which Property Will Joe Choose to Buy

    • How Much Funding Will Joe Choose

    • A Look at Joe's Financial Model for His Investment

  • 3

    The Many Ways to Invest in Real Estate

    • There is More Than One Way to Invest in Real Estate!

    • Real Estate Asset Types 101

    • Investment Strategies 101

    • Popular Investment Strategies for First Time Investors

    • Quiz #1

  • 4

    Real Estate Cycles

    • Intro to Real Estate Cycles

    • Recovery Phase

    • Expansion Phase

    • Hypersupply Phase

    • Recession Phase

    • The Next Bust?

  • 5

    How to Value a Property

    • To Buy Profitably, You Must Value Accurately

    • Cost Approach to Valuation

    • Comparable Sales Approach to Valuation

    • Income Approach to Valuation

    • Do Your Own Valuation!

  • 6

    Understanding Your Market

    • Where Do You Get the Data

    • Regional Analysis

    • Neighborhood Analysis

    • Scoping Out the Competition

    • Quiz #2

  • 7

    What Makes a Good Investment

    • What Are Measures of Returns?

    • Discounting Cash Flow and the NPV

    • Discount Rate

    • NPV Exercise

    • Measuring Efficiency - Internal Rate of Return

    • Internal Rate of Return Exercise

    • Measuring Magnitude - Cash Multiple

    • How to Use the Measures

    • NPV & IRR Exercise

    • Holding On to a Rental Indefinitely - Terminal Value

    • Investment Yields and Capitalization Rates

    • Section Summary

  • 8

    Using Leverage

    • What is Leveraging?

    • Interest Only vs. Amortized Loans

    • The Amortization Calculator

    • How Leverage Affects Investment Returns

    • Impact of Debt Summary

  • 9

    Case Study: Rental Income Property Analysis

    • Case Study Overview

    • Market Research Part 1

    • Market Research Part 2

    • Back of Envelope Analysis

    • Run Your First Rental Income Investment Analysis

  • 10

    Well Done!

    • Congrats! What's Next?

  • 11

    Bonus Lecture: How to Structure Deals with Investment Partners Using the Waterfall Framework

    • Course Overview

    • Why Invest With Others

    • What Are the Risks of Investing with Others

    • Intro to the Waterfall Distribution Framework

    • Waterfall Example Overview (DOWNLOAD)

    • Example 1: No Waterfall

    • Example 2: Two Tier Waterfall

    • Example 3: Three Tier Waterfall

    • Example 4: Four Tier Waterfall

    • Waterfall Examples Summary

    • Which Waterfall to Use

    • What Happens If My Investment Loses Money

    • Example 5 Money Losing Investment Waterfall