Commercial Real Estate Investing 101
4.6 (702 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
4,565 students enrolled

Commercial Real Estate Investing 101

The Comprehensive Beginner's Guide to Apartment, Retail, Office, and Industrial Real Estate Investing
4.6 (702 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
4,565 students enrolled
Created by Justin Kivel
Last updated 8/2020
English
English [Auto]
Current price: $139.99 Original price: $199.99 Discount: 30% off
5 hours left at this price!
30-Day Money-Back Guarantee
This course includes
  • 4 hours on-demand video
  • 3 articles
  • 2 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • Build the foundational knowledge and skill set to land a lucrative job in commercial real estate investing
  • Confidently analyze commercial real estate properties to purchase on their own or with partners
  • Understand the key real estate investment metrics sophisticated real estate investors use to analyze deals
  • Know how to use debt and equity to acquire properties and earn outsized returns on your initial investment
Requirements
  • Students should have a basic understanding of Microsoft Excel. No other prerequisites required!
Description

Interested in commercial real estate investing, but don't really know where to start? Built by an instructor with over $1.5 billion of commercial real estate transaction experience, this course was designed to take you from complete beginner with no knowledge of the business to a comprehensive understanding of the many components of commercial real estate investing so you can do your first deal, land a lucrative new career opportunity, or both.

This course was created to help our students:

  • Land a high-paying job in commercial real estate investing - Commercial real estate investing can be an incredibly lucrative business, on a much larger scale than flipping houses or buying single family residences to rent. This course will provide you with the building blocks of understanding how to analyze, purchase, and manage commercial real estate properties using the knowledge and techniques of some of the strongest institutional investors in the industry. 

  • Invest as a passive Limited Partner in large, high profit-potential deals - Commercial real estate investments are generally complex and difficult to understand for those without a strong background in institutional investing. This course will give you a leg up on the competition so when a friend, family member, or colleague comes to you with a real estate investment opportunity, you can evaluate the deal and either decline or invest with confidence.

  • Raise money from investors to buy a commercial real estate property - Entering into 2020, we are seeing the hottest US housing market in over a decade, which has resulted in single family house flippers flooding the market and bidding up prices. Small, private commercial real estate investors targeting apartment buildings, retail shopping centers, office buildings and industrial properties are able to fly under the radar, drastically reducing competition for great deals.

This course includes graduate-level content which is taught every year in the top MBA and Master's in Real Estate programs across the globe, practically applied to real life scenarios and case studies in the commercial real estate investing industry.

Here's what some of our students have had to say:

★★★★★ "Awesome class. Engaging & real life application. Examples are well thought out and leave you wanting to learn more. On to the next 2 classes by Justin! Great teacher."

★★★★★ "This course is PERFECT. It covers everything you need to know about CRE and it is organized in a very clean and logic way. Mr Kivel makes you understand the subject of the course easily, it is almost magic! Thank you, this is the most useful course I've done so far."

★★★★★ "This course is spot on! With almost no commercial real estate background, I really needed a deep dive into this topic that was easy to understand and absorb and this course delivered. I'm really impressed by the models and the instructor's depth of knowledge and clarity of explanations. Looking forward to his future courses!"


If you're looking to learn about commercial real estate investing to build wealth, improve your career, or create additional income streams, you've come to the right place.  Join us!

Who this course is for:
  • College students, graduate students, or career switchers who are looking to land a lucrative job in commercial real estate investment
  • Real estate agents and property managers who want to expand their existing skill set to add value to their existing client base, attract investor clients, invest on their own, and increase their overall compensation
  • Current real estate investors who want to buy bigger deals with more profit potential than 1-4 unit residential properties
  • Investors who want to grow their wealth and create passive income through intelligent Limited Partner investing in large commercial real estate deals
Course content
Expand all 84 lectures 03:51:45
+ CRE Product Types
12 lectures 33:49
Retail Overview
03:09
Retail Property Types
03:49
Office Overview
01:56
Office Property Types
04:14
Multifamily Overview
02:15
Multifamily Property Types
03:07
Industrial Overview
01:29
Industrial Property Types
02:51
Hotel Overview
01:23
Hotel Property Types
02:06
Specialty Product Types Overview
01:14
Specialty Property Types
06:16
+ Measuring CRE
3 lectures 08:42
The Stacking Plan
01:54
The Pro Rata Share Calculation
03:28
+ CRE Leases
10 lectures 27:05
Introduction To Commercial Real Estate Leases
04:25
Triple Net (NNN)
02:09
Full Service Gross
00:49
Modified Gross
02:01
The Base Year Stop
03:42
Percentage Rent
02:39
Percentage Rent Exercise & Solution
02:30
Leasing Costs
02:30
LCs & TI Allowances Exercise & Solution
03:14
Other Key Lease Terms
03:06
+ CRE Revenue Drivers
3 lectures 06:03
Gross Potential Rent (GPR)
01:27
Physical vs. Economic Vacancy
01:53
Expense Reimbursements, Caps, & Fees
02:43
+ CRE Expense Drivers
4 lectures 06:44
Controllable Expenses
02:04
Non-Controllable Expenses
01:41
Utilities & RUBS
01:09
Property Management Fees
01:50
+ CRE Capital Expense Drivers
3 lectures 07:17
Tenant Improvements (TI) Allowances
02:32
Leasing Commissions
02:05
The Capital Expense (CapEx) Reserve
02:40
+ CRE Debt & Financing
17 lectures 45:36
Sourcing The Loan
01:47
Key CRE Loan Terms
03:15
Loan Amortization vs. Term
04:18
CRE Interest Rates Explained
02:33
The Interest-Only (I/O) Period
01:51
Future Funding & "Good News" Money
01:28
Prepayment Penalties
03:39
Loan Covenants
02:38
Mezzanine Debt
02:31
Preferred Equity
01:51
Loan Sizing (& How It Works)
01:13
The Loan-To-Value (LTV) Ratio
02:01
The Loan-To-Cost (LTC) Ratio
01:45
The Debt Service Coverage Ratio (DSCR)
06:02
The Debt Yield
01:45
Loan Sizing Based on Multiple Constraints
01:48
How Debt Magnifies Returns
05:11
+ CRE Return Metrics
8 lectures 25:07
The Capitalization (Cap) Rate
03:00
Cap Rate Exercise & Solution
05:11
The Cash-on-Cash Return
01:42
Cash-on-Cash Exercise & Solution
05:11
The Internal Rate of Return (IRR)
02:23
IRR Exercise & Solution
02:56
The Equity Multiple
01:28
Equity Multiple Exercise & Solution
03:16
+ CRE Valuation
7 lectures 27:44
The Real Estate Financial Analysis Framework
02:21
Making Operating & Sale Assumptions
03:19
Projecting Reversion (Sale) Value
05:10
Target Return Metric Valuation
04:37
Capital Risk Buckets
03:15
Capital Risk Buckets Walkthrough
04:25
Why All Cap Rates Are Not Created Equal
04:37