Real Estate Investing: Intro to Investment Analysis

Learn the fundamentals of real estate investment analysis for fix & flips and rental income property investments.
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649 students enrolled
Instructed by Symon He Business / Real Estate
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  • Lectures 60
  • Length 5.5 hours
  • Skill Level Beginner Level
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 5/2016 English

Course Description

Are you sick and tired of real estate "systems" that turn out to just be a hard sell for another "system"?

Tired of "no money down get rich like me" real estate investing "secrets" from real estate "gurus" that leave you filled with nothing but marketing fluff?

Do you just want to know what REAL real estate investment analysis is all about?

If you want to learn the fundamentals of real estate investing and how to actually evaluate investment opportunities the way professional investors do, keep reading.

I can't promise I'll help you get rich, own a yacht and two Ferraris.

But I can teach you some serious real estate investment analysis techniques.

After getting my MBA from Stanford, I worked on over $400M in real estate deals.

And I took what I learned from that and put all of it in this course.     

How do I know if this course is right for me?

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?

IF YES to any of the above, then this course is definitely for you.

_______________________________________

How is this different from your other course?

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

The other course is more comprehensive and covers all of these plus topics such as investing in apartments, investing with partners, investing in Airbnb units, commercial real estate, etc...

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

If you intend to invest with business partners, in apartments, in commercial, etc...then you should take my other course. 

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 for 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 Complete Investment Analysis course that is 18+ hours long.

That course covers ALL of the topics here PLUS ALOT more.

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 examples on its use. I've looked and it's not there.

The other stuff? Same thing. You can find the descriptions and commentary, but you won't get the detailed examples and the investment models that I give you.

Yea sure….you could search all over the internet...buy TONS of books...talk to lots of experts....go get an MBA…do ALL this research...work in real estate private equity….and do $400M+ in real estate deals also....

OR….you could just take advantage of my experience. I've done that and I took all that and put it into this course.

Can you make me rich by taking your course?

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

If you take my course AND apply the learnings to make smarter invests in the future, then you have a chance.

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 investing analysis concepts and techniques. So nothing else. But as you can see, just this topic is quite a bit to cover already.

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

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.

Tell me again why I should take your course?

If you've read this far down, you already know why. You've always wanted to. So why haven't you pulled the trigger?

Ask yourself this: "What is holding me back?"

Are you afraid you'll actually learn what you've always said you would but never did?

Yeah, you'll have to put in the time and effort. If you're lazy, this course (or any other course) won't be able to help you.

But if you're serious about learning real estate investing, then I can definitely help you.

Plus, you have absolutely ZERO risk.

Udemy gives you a 30-day money back guarantee and they're really really good on that.

But if you don't find any value in my course after 30 days of taking my course, I'll personally refund you.

So if you've read this far, you have no excuse. You have no risk at all. If you don't sign up, it just means you aren't serious about learning real estate investing.

What are the requirements?

  • Have Microsoft Excel 2007 or Newer

What am I going to get from this course?

  • Understand the core concepts of real estate investing
  • Understand professional real estate investment strategies and techniques
  • Confidently evaluate fix & flip investment opportunities
  • Confidently evaluate rental income property investment opportunities
  • Receive professionally made investment models

What is the target audience?

  • 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

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: How to Take This Course
01:30

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.

00:48

A list of all the investment models and companion files that are available in this course and in which lectures they are located for download.

00:20

Really quick, tell me two things: 1) where are you from? and 2) why are you taking this course?

Section 2: Jumpstart
01:00

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

06:13

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

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/0B3ZhPPeH41ORU2FmM0xaaUdiNVk/view?usp=sharing

16:40

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

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

07:17

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

08:08

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

00:30

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.

Can I get your opinion?
Article
Section 3: Foundations: Investment Process
02:39

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?

07:43

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.

04:36

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.

03:19

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.

08:42

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.

02:41

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. 

03:16

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).  

07:56

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

4 questions

Quiz your understanding of the investment process.

Section 4: Foundations: Measures of Return
00:58

Quick summary of the many topics covered in this section

05:45

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

02:50

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

07:42

Demonstration of the Net Present Value calculations through examples using Excel

02:42

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

04:32

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

02:06

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

06:11

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

04:59

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

06:02

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

08:47

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

07:57

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

5 questions

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

Section 5: Foundations: Impact of Debt on Returns
00:36

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

04:43

Learn the difference between interest only vs fully amortized loans

04:20

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

06:20

Understand how taking on debt could impact your investment

04:49

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

3 questions

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

Section 6: Foundations: Investment Considerations
00:43

Overview of the topics to be covered in this section

11:23

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

13:19

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

10:11

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

06:13

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

12:39

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

5 questions

Test your knowledge of the investment considerations covered in this section

Section 7: Foundations: Investment Strategies
00:26

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

08:32

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

11:30

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

06:34

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

07:57

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

4 questions

Test your understanding of our discussion on investment strategies

Section 8: Checking in
01:07

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

00:45

Too Long Didn't Watch Summary for Case Studies

Section 9: Fix & Flip Case Study
01:07

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

13:48

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.

07:18

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

07:04

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

Article

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).

Section 10: Rental Income Property Case Study
00:52

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

09:30

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.

07:43

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

07:05

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

UNLOCKED Formulas - Rental Income Model
Article
Section 11: Congrats!
00:47

Congrats on finishing this introductory course.  Listen in for more advanced topics that are covered in my other course.

Section 12: Bonus: Lease to Own Case Study
Lease to Own Rental Example
12:01

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Instructor Biography

Symon He, Real Estate Broker | Stanford MBA | Consultant

Symon is a real estate investor, licensed broker and business consultant based out of Los Angeles CA.

He currently helps high net worth investors and private real estate funds locate and analyze both residential and commercial investment real estate in CA, TX, CO, AZ, and NV.

Previously, he was Head of Marketing Analytics at the Panda Restaurant Group after first serving as a senior financial analyst leading real estate and new store underwriting efforts. 

Prior to that, he led acquisitions efforts on over $400M in commercial real estate investments at a private equity real estate fund.

Symon is also a cofounder of LearnAirbnb, a consultancy and research group specializing in the home-sharing economy.  

Symon graduated Magna Cum Laude in Computer Engineering and Economics from UC Irvine and holds an MBA from Stanford University.

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