Intro to Analyzing Rental Income Properties
4.6 (1,004 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.
18,686 students enrolled

Intro to Analyzing Rental Income Properties

Learn the fundamentals of investment analysis specifically for rental income property investments
4.6 (1,005 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.
18,686 students enrolled
Created by Symon He
Last updated 5/2020
English
English [Auto-generated], Indonesian [Auto-generated], 4 more
  • Italian [Auto-generated]
  • Polish [Auto-generated]
  • Romanian [Auto-generated]
  • Thai [Auto-generated]
Current price: $104.99 Original price: $149.99 Discount: 30% off
5 hours left at this price!
30-Day Money-Back Guarantee
This course includes
  • 6.5 hours on-demand video
  • 8 articles
  • 25 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • Understand key metrics for evaluating rental income properties
  • Confidently evaluate rental income property investment opportunities
  • Use professional-grade investment models to evaluate their own flip or rental deals
  • Understand the core concepts of real estate investing
  • Understand professional real estate investment strategies and techniques
  • Confidently evaluate fix & flip investment opportunities
Requirements
  • Microsoft Excel 2013+
Description

Jason Mora - 5 Stars

“I'm loving it so far. The content is top notch. The instruction is clear and concise. The pace is perfect and the extra resources are enormously helpful. Well done!”

 

Dimitris Provatas - 5 Stars

“Really enjoyed learning from Symon. Can't wait for more courses on real estate topics, especial financial modeling and evaluating investment proposals”

 

Eric Chaussé - 5 Stars

“Very practical!!!! Love the lesson plans and the step-by-step instructions.”

  

If you've EVER wanted to…

           

            •           Invest in a rental income property

            •           Do a fix & flip for profit

            •           Have professional investment analysis tools that you could use immediately to evaluate your own investment opportunities

…then this course is definitely for you.

_______________________________________

 

If you’re still unsure, here are a few questions that I often get from prospective students:

 

I don't live in the US, is the material still useful for me?

 

Yes!  The examples I use are primarily US properties because the vast majority of my students are from the US. However, ALL of the concepts taught and tools provided are just as useful for any market around the world


In fact, I have students from over 190 countries who are using the tools and knowledge provided in this course to help them invest wherever they are located.


The only difference is that it's harder to gather the initial information in some markets and will require different tactics to get that data.

 

How is this different from your other courses?

 

This course only covers the foundational topics and only has two case studies with the fix & flip and the rental income property.


If you only intend to invest in fix & flips and rental income properties, this course has everything you need for investment analysis.

 

If you intend to invest with business partners, in apartments, in commercial, etc...then you should look into taking my other courses, which can be found at the bottom of this page.

 

What if I don't have any real estate background?

 

This is the perfect course to get your feet wet.  I'll cover all the important foundational topics for you and then show you how to apply those same concepts to evaluating a fix & flip as well as a rental income property.

 

I have some real estate background already, what could I learn from your course?

 

If you have some background, I'd recommend you check out my other more advanced courses.

 

I can learn all of this elsewhere, why should I learn from you?

 

No, you can't. Go Google how to use the waterfall structure and try to find someone that not only covers the waterfall framework in great detail but also gives you numerous examples on how it’s used. I've looked and it's not there.

 

The same goes for all the other material in this course. You can find the descriptions and commentary, but you won't find the detailed examples and the investment models that I give to you here. 

 

In theory you could do this on your own by searching all over the internet, buying tons of books, interviewing lots of experts, getting an MBA,  performing all your own research, getting a job in real estate private equity, and doing $400M+ in real estate deals and get the same level of knowledge I have.

 

OR….you could just take advantage of my experience. I've done everything I listed above and I put the best of what I learned into this course. Trust me, it’s worth it.

 

Can you make me rich by taking your course?

No way! Not just from taking the course, anyway. Anyone who promises you that is selling snake oil.

 

If you take my course AND apply what you’ve learned to make smarter investments in the future, then you have a chance at making some real profits.

 

What I can guarantee is that you will leave with some serious real estate investing knowledge, techniques, and tools. 

 

What else does this course cover besides real estate investing?

 

This course is ALL about and ONLY about professional real estate investment analysis concepts and techniques. Nothing else. But as you can see, just this topic alone requires I cover quite a bit already.

 

Actually, I do cover one more thing: I will also give you daily affirmations that help you build a "winning" mindset and I'll have lots of sales videos that push you to sign up for my top-secret real estate system for only 12 monthly low payments of just $999. Just kidding.

 

James Cochrane - 5 Stars

“Great class. You will learn a lot from this instructor and the subject material is good.”

 

Jerry Mastren - 5 Stars

“Easy to understand, step by step instructions.”


Glenn Levine - 5 Stars

“The instructor is very informative and is a real estate expert. I will definitely purchase more of his video tutorials in the future. GL”

 

What will I be able to do after I take your course?

 

After taking my course, you will be:

 

•           Able to confidently use professional real estate investment techniques.

•           Able to evaluate both fix & flips as well as rental income properties.

What WON'T I get from this course?

           

•           You will not get a Real Estate License from taking this course. You can only get licensed by taking the appropriate test with the testing agency of your state and country. But what is taught in this course has nothing to with getting a license, which focuses on how to legally transact real estate deals between buyers and sellers. This course is about investment analysis.

•           I will not be evaluating your personal investment deals for you for this course. This is about you learning how to do it on your own using the lessons and the tools here. If you really want me to consult, you can reach out to me. My hourly rate is $350/hr.

What’s holding you back?

 

Are you afraid this course won’t work?  I promise you it will.

 

Are you afraid this course will work and you’ll actually have to start investing? I think that’s a pretty good problem to have.

 

Are you afraid it will take time and effort? It will. Real estate isn’t an easy business, if it was everyone would do it. But if you put in the work I promise you’ll see results.

 

Best of all, there is absolutely ZERO risk. Udemy gives you a 30-day money back guarantee to ensure you get what you pay for.

 

So go ahead, sign up, and let's get to work.


I hope to see you inside,

Symon

 

Who this course is for:
  • Newbies to real estate investing
  • Those who are serious about investing in fix & flips or rental income properties
  • Someone who wants to build a solid foundation for their real estate investing knowledge
Course content
Expand all 68 lectures 06:23:46
+ How to Take This Course
4 lectures 23:05

Overview of some useful Udemy features like speeding up lectures, bookmarking, downloading files, and how to to ask questions to the Q&A forum.

Preview 19:13
Udemy Technical Issues
00:55

Before you dive right in, here are few quick notes on how to take the rest of the course depending on whether you're looking to speed through it or do a deep dive on the topics.

Preview 01:30
+ Jumpstart
10 lectures 43:49

A quick overview of how this Jumpstart section will work and what you'll get out of it!

You can download this model for free here and follow along in the Jumpstart section. Try before you buy!

https://drive.google.com/file/d/0B3ZhPPeH41ORejFRU1hjNEQ3X2M/view

Preview 01:00

Learn and understand the key reasons of why we do investment analysis and how it will help you become a better investor.

Preview 06:13

Using the attached Excel model and Zillow.com listings, we do some quick market research on rental income properties.

Preview 16:40
Zillow Alternatives
00:52

Demonstrating how to interpret the results from the quick market research exercise. 

Preview 07:17

Using the attached back of the envelope model, we evaluate a rental income property that you've just found.

Preview 08:08

Whoa, you've already learned how to evaluate a rental income property (at a high level).  Here's what to expect in the rest of the course.

Preview 00:30

For those of you who want to explore what the BOE model would look like on an interest only (rather than an amortized) loan.

Interest Only BOE Model
00:07
Updated BOE Model (Up to 50 Years)
02:17
Check out my latest articles
00:45
+ Foundations: Investment Process
8 lectures 40:52

The first stage in the Investment Process - Originations.
The who, what and where of deal sourcing.
Who will bring you deals, what are you looking to invest in and where are you looking to invest?

Originations
02:39

This Analysis phase of the Investment Process is the emphasis of the course. It is detailed further in the examples in the latter part of the course.

This lecture will tell you why analysis is so important and how it could save you precious time and money.

Analysis (What This Course is ALL About!)
07:43

After you have completed the analysis and modeled out the return potential for your investment, you must take the time and care to validate and verify all the key assumptions that could impact your investment.

Due Diligence
04:36

Financing and Closing is the stage where you assure all the necessary funds are in place to make your deal happen.

In this lecture you will learn about the main sources of funding involved in real estate investments.

Financing & Closing
03:19

The project doesn't end after closing, now it's time to increase the value of your asset.

In this lecture you will learn the key considerations for construction and rehab and how to work with contractors.

Construction & Rehab
08:42

After construction is complete, you then want to stabilize the asset (aka get it to the point where it would be most marketable for a sale).  

Learn the various types of stabilization depending on the nature of the type of investment. 

Stabilization
02:41

In the final stage of the investment process, this is where you sell (or exit) from the asset and actually realize your returns (or losses).  

Exit
03:16

Too Long Didn't Watch (TLDW) Summary of the Investment Process Section.

TLDW Summary Investment Process
07:56

Quiz your understanding of the investment process.

Investment Process Quiz
4 questions
+ Foundations: Measures of Return
12 lectures 59:38

Quick summary of the many topics covered in this section

Measures of Return Overview
00:58

In this lecture you what is discounted cash flow analysis and why investors use this technique

Discounted Cash Flow Analysis & Net Present Value
05:45

What is the discount rate and how do you determine the right one to use for your NPV calculation?

Discount Rate
02:50

Demonstration of the Net Present Value calculations through examples using Excel

Preview 07:42

Understand what the Internal Rate of Return (IRR) is and how to use it

Internal Rate of Return
02:42

Demonstration of the Internal Rate of Return (IRR) calculations by comparing sample investment cash flows that appear very similar but give different IRR results

Preview 04:32

Learn what the Cash Multiple is and why it's often used alongside the IRR

Cash Multiple
02:06

So which measure should you use?  Learn why you need to use at least two measures in order to properly measure both the efficiency and magnitude of investment returns

Which Measure Should You Use?
06:11

Demonstration of why you should use multiple measures of returns using examples in Excel

Which Measure Should You Use Excel Demo
04:59

How to calculate the Terminal Value of an income property that you plan to hold onto indefinitely

Terminal Value
05:09

Learn what yields and cap rates mean and how they apply to income producing properties

Yields and Cap Rates
08:47

Too Long Didn't Watch (TLDW) Summary of the Measures of Return section

TLDW Summary Measures of Return
07:57

Test your understanding of the topics covered in the Measures of Return section

Measures of Return Quiz
5 questions
+ Foundations: Impact of Debt on Returns
6 lectures 20:48

Overview of the topics to be covered in this section around how debt impacts your measures of return

Intro to Impact of Debt
00:36

Learn the difference between interest only vs fully amortized loans

Interest Only vs Amortized Debt
04:43

A look at the amortization calculator built into every investment model in this course

The Amortization Calculator
04:11

This is a new revised Amortization calculator that shows what happens if you made extra monthly payments towards principal each month.  

Amortization Schedule w/ Extra Principal Payment Option
00:09

Understand how taking on debt could impact your investment

Unleveraged vs Leveraged Returns
06:20

Too Long Didn't Watch (TLDW) summary of the Impact from Debt section

TLDW Summary Impact from Debt
04:49

Test your understanding of debt as it relates to investment analysis.

Impact of Debt Quiz
3 questions
+ Foundations: Investment Considerations
6 lectures 54:28

Overview of the topics to be covered in this section

Investment Considerations Overview
00:43

In this lecture we'll explore market and external considerations that could affect your investment analysis

External Considerations
11:23

In this lecture, we'll discuss property specific considerations that could affect your investment analysis

Property Considerations
13:19

In this lecture, we'll discuss deal specific considerations that could affect your investment analysis

Deal Considerations
10:11

In this lecture, we'll discuss other considerations that could affect your investment analysis

Other Considerations
06:13

Too Long Didn't Watch (TLDW) summary of all the investment considerations discussed in this section.

TLDW Summary Investment Considerations
12:39

Test your knowledge of the investment considerations covered in this section

Investment Considerations Quiz
5 questions
+ Foundations: Investment Strategies
5 lectures 34:59

Overview of the three broad investment strategies to be covered in this section

Investment Strategies Overview
00:26

In this lecture, we explore the characteristics of the core investment strategy

Core Investment Strategy
08:32

In this lecture, we explore the characteristics of the opportunistic investment strategy

Opportunistic Investment Strategy
11:30

In this lecture, we look at how the value added investment strategy falls somewhere in between core and opportunistic strategies

Value Added Investment Strategy
06:34

Too Long Didn't Watch (TLDW) summary of the topics in this section reviewing the key points on the investment strategies

TLDW Summary Investment Strategies
07:57

Test your understanding of our discussion on investment strategies

Investment Strategies Quiz
4 questions
+ Checking in
2 lectures 01:52

You've learned a lot of real estate investment analysis foundations.  Are you ready to apply those to real world examples?

Checking In
01:07

Too Long Didn't Watch Summary for Case Studies

TLDW Summary Case Studies
00:45
+ Fix & Flip Case Study
5 lectures 29:24

Overview of the topics to be covered in this section on Fix & Flip investment analysis

Preview 01:07

When flipping a property you have many variables to conside

In this lecture,we'll review the detailed financial analysis model and how each assumption works.

Preview 13:48

In this lecture, we identify a specific fix and flip opportunity to evaluate

Fix & Flip Example Part 1 of 2
07:18

In this lecture, we go through the full analysis using the investment model included

Fix & Flip Example Part 2 of 2
07:04

If you want to dive deep into the formulas, you can look at the unlocked file here (note, some worksheets are still locked but those are not relevant to the calculations).

UNLOCKED Formulas - Fix & Flip Model
00:07
+ Rental Income Property Case Study
5 lectures 25:17

Overview of the topics to be covered in this section on rental income property investment analysis

Preview 00:52

When renting out a property you have many variables to consider.

In this lecture, we'll review the detailed financial analysis model and how each assumption works.

Preview 09:30

In this lecture, we identify a specific rental income property opportunity to evaluate

Rental Income Property Example Part 1 of 2
07:43

In this lecture, we go through the full analysis using the investment model included

Rental Income Property Example Part 2 of 2
07:05
UNLOCKED Formulas - Rental Income Model
00:07