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Real Estate Feasibility, Zoning, LOI, & Contracts
Rating: 4.3 out of 5(27 ratings)
154 students

Real Estate Feasibility, Zoning, LOI, & Contracts

Pt. 2 - Is your real estate deal feasible? Initial underwriting, understanding zoning, permitting & how to tie up land.
Created byKevin Michael
Last updated 1/2023
English

What you'll learn

  • Learn how to quickly underwrite development deals with very little info and quickly determine if land and a deal "has legs".
  • Letters of Intent are important aspects of deals. Learn how to structure the with critical tips to get your project under contract without risking money.
  • Get land under contract and see how deals can be structured with zoning timelines and an unknown future without risking money.
  • Go through the details of zoning permits, timelines, design review and other city processes to get land entitled and permitted for development.

Course content

1 section7 lectures2h 25m total length
  • Zoning Permits - Working With The City44:29

    Discover how city zoning works, including planning departments, planning commission, and city council, and learn the steps for BP zoning, use permits, conditional use permits, design review, and platting.

  • Letter of Intent - Getting Land Tied Up Properly17:07

    Learn how a letter of intent initiates a land deal, outlining non-binding terms, price, earnest money, title reports, feasibility, zoning use permits, and escrow timelines.

  • Purchase and Sale Agreement - Get Under Contract19:39

    Learn how a purchase and sale agreement structures real estate deals with feasibility periods, earnest money, title and survey requirements, and remedies for seller default.

  • Underwriting17:47

    Explain underwriting basics by focusing on cost, net rentable square footage, income, expenses, mortgage, and sale, using a self-storage cash-flow example to project NOI, debt service, and IRR.

  • Understanding Demand15:28

    Analyze real estate demand by studying population trends, trade area, and job creation, and assess supply, occupancy, rate trends, and net absorption with broker data.

  • Crafting Your Demand Study31:09

    Map a three-mile trade area, analyze self-storage competitors, estimate net rentable space with 75% efficiency, and assemble a bank-ready demand study with executive summary.

  • FREE Development Checklist0:07

Requirements

  • Perfect for students or for existing RE pros who want to learn key insights from institutional partnerships.

Description


Get detailed "how-to's" that show you precisely what needs to be done so you can talk the talk, grow your career and get deals done successfully. You'll learn from actual contracts, agreements, construction plans, and forms so you can be confident working with architects, engineers, lawyers, funds, and other advanced real estate pros and investors.


"I have spent thousands of dollars on classes and seminars that wasted my time and money without teaching me anything new..."


This course was designed to be the opposite of that.


Dive deep into LOI's and contracts by going through deal points and structures with real forms from actual deals.


Then walk through the aspects of a real estate development so you can analyze initial underwriting, cost estimating, and research zoning permits and entitlements so you know you have a good and safe deal before spending any money.


Also learn critical insights on finding city permitting timelines and how to work with the city staff so you can get deals structured the right way before spending pre-development money.


What you'll learn...


  • The basics to underwrite deals with almost no info (and in minutes)

  • Quick initial cashflow estimates, debt, NOI, and returns

  • Getting conceptual hard costs and soft costs

  • How to write LOI's and what to include in them

  • Going from LOI's to contracts (PSA), contract structure, flow, and tips to avoid disasters

  • Structuring deals without spending a lot of money

  • Zoning research

  • How to get zoning permits - rezoning, special/conditional use permits, design review + much more

  • Platting, minor land divisions, and other land submittals

Who this course is for:

  • Real Estate Investors, Agents, Commercial Real Estate Pros