The Complete Guide To Multifamily Real Estate Investing
4.7 (205 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.
1,734 students enrolled

The Complete Guide To Multifamily Real Estate Investing

The Step-By-Step Guide To Analyzing and Acquiring Multifamily Properties
4.7 (205 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.
1,734 students enrolled
Created by Justin Kivel
Last updated 3/2019
English
English [Auto-generated]
Current price: $11.99 Original price: $199.99 Discount: 94% off
3 days left at this price!
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This course includes
  • 4.5 hours on-demand video
  • 4 articles
  • 4 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • Confidently analyze multifamily real estate investment opportunities using professional real estate financial modeling analysis techniques and metrics
  • Have a multi-tab multifamily acquisition model for analyzing new multifamily real estate investments

Requirements
  • Access to Microsoft Excel software for PC or Mac or Google Sheets is recommended
Description

Interested in multifamily real estate investing? Whether you're looking to build another cash flow stream into your portfolio or want to break into the real estate private equity industry in your career, this course will teach you the key professional analysis techniques to go into your next deal or job interview with the skill-set of the best multifamily real estate investors in the world. After taking this course, you'll be able to:

  • Confidently analyze a multifamily deal using institutional-quality analysis techniques to come up with a crystal clear valuation of a potential multifamily acquisition.
  • Invest passively in multifamily deals with the ability to confidently analyze deals and choose the winners over the losers.
  • Land a lucrative career opportunity in multifamily real estate investment finance, making great money while investing in deals and building your multifamily investment portfolio on the side or with your current company.

Multifamily real estate investing can significantly build your wealth and passive cash flow, but you have to be able to know how to buy the right deals at the right prices. This course was designed to start you with the basics of real estate finance and move all the way through the most advanced multifamily analysis techniques used by the world's most experienced real estate investors. Ultimately, this course will teach you how to make well-educated, smart investment decisions so you can maximize your wealth-building with the minimum amount of risk involved. 

Enroll today and get started on your multifamily investing journey. Looking forward to having you in the course!

Credit to Bensound for the intro music!

Who this course is for:
  • Aspiring multifamily real estate investors looking to buy their first deal
  • Single-family home investors who want to go bigger with their real estate investments and buy a multi-unit property
  • College or graduate students or career switchers looking to break into private equity real estate and multifamily real estate investing
Course content
Expand all 83 lectures 04:25:02
+ Introduction
5 lectures 06:41

This lesson will set the groundwork for what we will cover in the course.

Preview 03:38
DOWNLOAD ME FIRST!
00:12
Disclaimer
00:58
+ Multifamily Overview
6 lectures 20:41

A brief overview of multifamily real estate investing from a high level, starting with the makeup of a multifamily property.

Preview 02:57

Who are multifamily real estate investors? We'll cover the main players in the industry in this lesson.

Who Invests in Multifamily
02:35

Why would someone consider multifamily real estate investing as an investment alternative over the infinite number of other investment vehicles out there? We'll cover that in this lesson.

Multifamily Investing Benefits
02:37

What are the actual steps to investing in a multifamily property? This lesson will go over the entire timeline from start to finish.

Buying a Multifamily Deal Step-By-Step
05:33

How do you actually analyze a multifamily deal? What goes into multifamily real estate financial modeling to value a property? This lesson will walk you through the multifamily underwriting process.

The Multifamily Underwriting Process
03:40

What's the first step to creating a multifamily real estate financial model? Making sure you know the best practices used in the industry is a great place to start. We cover these best practices in this lesson.

Real Estate Financial Modeling Best Practices
03:19
+ Key Multifamily Investment Metrics
12 lectures 35:24

How do you calculate a cap rate in multifamily real estate investing? We'll cover that in this lesson.

Multifamily Cap Rates
04:19

How do you calculate a multifamily real estate cap rate in Excel? Check out this lecture for an example.

Cap Rates Exercise & Solution
04:55
How To Calculate Cash-on-Cash Returns
02:05
Internal Rate of Return (IRR) Calculations
03:02
IRR Exercise & Solution
04:52
Equity Multiple
01:16
Equity Multiple Exercise & Solution
02:47
LTV & LTC
01:44
LTV & LTC Exercise & Solution
02:49
DSCR & Debt Yield
Processing..
DSCR & Debt Yield Exercise & Solution
03:11
+ Multifamily Investment Analysis
8 lectures 39:17
Risks
04:41
Risks Sensitivity Exercise
05:58
Multifamily Deal Opportunities
02:56
Opportunities Excel Exercise
03:18
Risk-Adjusted Return Requirements
01:38
Multifamily Capital Risk Buckets
08:06
Understanding Markets
06:52
The Competitive Set
05:48
+ Multifamily Revenue Drivers
8 lectures 32:55
The Multifamily Unit Mix
02:14
Unit Type Analysis
03:15
Other Income & Excel Exercise
05:51
Rent Growth
04:34
Annual Rent Growth Excel Analysis
04:46
Rent vs. Buy Analysis
04:50
Vacancy Analysis
03:12
+ Multifamily Expense Drivers
9 lectures 17:50
Multifamily Operating Expenses Overview
02:30
Property Management Fees
01:54
Personnel & G&A
01:30
Marketing & Turnover Expenses
02:37
R&M & Contract Services
01:17
Utilities & Reimbursements
01:59
Property Taxes & Insurance
02:36
CapEx Reserve
Processing..
The Effect of Expenses on Returns
03:27
+ Multifamily Debt & Equity Financing
6 lectures 28:27
The Multifamily Capital Stack
05:07
The Cost of Capital
05:21
Multifamily Syndication & Fee Structures
03:18
The Multifamily Waterfall Framework
04:05
The Effect of Partnership Fees on Returns
03:51
Multifamily Waterfall Structures
06:45
+ Multifamily Underwriting
7 lectures 14:27
Multifamily Underwriting - Introduction
01:07
What Is Underwriting
01:51
Multifamily Property Density
03:16
The Effects of Unit Square Footage
02:14
Underwriting Multifamily Revenue Drivers
01:34
Underwriting Multifamily Expenses
01:52
Exit & Sale Underwriting
02:33
+ Multifamily Acquisition Model Walkthrough
8 lectures 26:40
Multifamily Acquisition Model Overview
00:58
Acquisition Modeling Overview
07:08
Revenue Modeling Walkthrough
04:06
Expense Modeling Walkthrough
03:38
Monthly & Annual CF Modeling Walkthrough
04:16
Waterfall & Debt Modeling Walkthrough
01:58
Construction Budget & Checks Walkthrough
03:50
Model Troubleshooting
00:46
+ Multifamily Value-Add Acquisition Case Study
10 lectures 35:15
Multifamily Value-Add Acquisition Case Study Overview
01:30
Case Study Walkthrough - 140 Units
03:45
Building Out The Summary Tab - Part I
04:29
Acquisition Loan & Refinance Modeling
05:01
Setting Up The Waterfall Structure
01:22
Modeling In-Place Rents & Renovation Premiums
03:03
Modeling Rent Growth & Vacancy
01:55
Expense & Property Tax Modeling
04:34
Modeling & Timing Construction
02:28
Finalizing The Valuation
07:08