Real Estate Investing: Complete Investment Analysis

Learn professional real estate investing concepts and techniques to pick winners in investment real estate
Instructed by Symon He Business / Real Estate
$50
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  • Lectures 134
  • Video 17.5 hours
  • Skill Level All Levels
  • 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 4/2014 English

Course Description

(5/22/2016 Update) What do you get? 30+ investment models/examples and companion files and counting! 

Course price is going to go up to $50 on June 1st. =)

________________________________________________________

WANT TO TRY BEFORE YOU BUY?

Download a free model in Lecture 3 (check out the link there) and preview the Jumpstart section before you buy.

In that Jumpstart section, you'll learn how to do market research for a rental market of YOUR CHOICE and then use those learnings to evaluate a rental income property, also of YOUR CHOICE. 

In the rest of the course, you get dozens of more advanced models and examples. Enjoy!

_________________________________________________________

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.     

Take a look at my curriculum and compare it with other courses or "systems".

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?
  • Make money by hosting on Airbnb?
  • Buy a piece of undeveloped land and build something? A mixed-use retail center? A medical office building? A parking garage? Self-storage? Or an economy hotel?
  • Invest with business partners but do so in a smart and fair way?
  • Want to appeal to investor clients as an agent?
  • Want to land an acquisitions role as an analyst/associate?
  • Want to get into real estate private equity and need to get up to speed?
  • Want to be able to ANALYZE any real estate opportunity?
  • Look at and evaluate deals the way a professional investor would?
  • Become smarter and more efficient at finding and evaluating deals than you did before?
  • Get into a real estate acquisitions role (analyst or associate) in real estate i-banking or private equity (you get 20+ investment models/examples!)?
  • Know what Airbnb short term rentals are all about and if it's worth your effort?
  • Become an agent who could target investor clients instead of just home buyers?
  • 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.

_______________________________________

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

That's why I start you off with a heavy dose of the fundamentals so you can start learning with no background. Check out my foundational sections below.

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

Besides everything listed above, do you know how to answer these types of questions:

  • How do you know if a particular investment is WORTH your time and money?
  • How do you know if property A is better than property B?
  • How do you find deals that make sense for you? That fit your risk preferences and goals?
  • How can you calculate your expected return on your investment?
  • How would you analyze the returns for your investment company?
  • How do you structure an investment with investment partners?
  • How do you analyze operating assets?
  • etc...

For ANY type real estate investment opportunity?

If you do, then skip my course, if not, take a look at the curriculum below.

I put A LOT of stuff in here so you're definitely going to learn something.

I've had folks who had over 20 years of experience find value so you can too.

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 and techniques.

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 residential AND commercial real estate opportunities.
  • Able to structure investments with business partners in a smart and equitable way via the waterfall framework
  • Know how to identify and mitigate investment risks.

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
  • Understand the revenue possibilities of Airbnb rental units
  • Confidently Evaluate the Return Potential of an Investment
  • Understand analysis techniques for both residential and commercial real estate
  • Receive Hands On Practice with Expertly Crafted Investment Models
  • Understand the Waterfall Distribution Framework and it's application

What is the target audience?

  • Newbie real estate investors
  • Experienced commercial and/or residential real estate investors
  • People that want to invest in House Flips, Rental Properties or Apartments
  • Those that want to invest in commercial warehouses, parking lots, retail properties, etc...
  • Great for private investors and investment teams
  • Real Estate Agents Seeking Tools to Appeal to Investor Audience
  • Those who want to make BANK with Airbnb
  • MBA Students, iBankers, Financial Analysts
  • Someone who wants an in depth and broad coverage of real estate investment analysis concepts and techniques

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: Jumpstart (UPDATED)
01:00

NOTE: Even though the example uses Zillow.com, you're free to use ANY website that has home listing as long as you can gather similar information for the exercise.

Get the details of what you're about to learn in this section, which will give you a major jumpstart to your real estate investment analysis education.

Get through these few lectures and in less than an hour, you'll be able to evaluate your very own rental income property.


This is meant to be a highly summarized and fast paced section--don't worry if you don't follow on 90% of it!

It is only meant to give you a FEEL for what it's like. EVERYTHING will be explained in detail at a normal pace in the rest of the course!


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?usp=sharing


06:13

Overview of why investors should conduct investment analysis and what questions it helps investors to find answers towards.


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?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?usp=sharing



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.

Section 2: Introduction to Course
Article

How best to reach me and a quick reminder of what I can (and cannot) do for you as your instructor. 

00:31

For those coming from the Introduction to Investment Analysis course, you can skip the foundational topics and go straight into the detailed case studies below. 

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.

00:20

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

01:26

Just so you won't have to wonder later, this lectures shows you how to navigate Udemy to find all the files and investment models that are given in this course.  Hint: There Are ALOT!

Updated: 05/2016

To find the files and models for this course, follow these instructions:

Go to "Course Contents-->All Resources" to see which lectures have associated files.

____________________________________________________________________

Investment Models & Examples: 18+ 

Other Companion Files: 12+

That's 30+ total course files!


Section 3: Foundations: Investment Process (UPDATED)
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.

2 pages

Brief summary of the Investment Process covered in this section.

4 questions

Review of concepts covered in the Investment Process section

Section 4: Foundations: How to Measure Returns (UPDATED)
00:58

Quick summary of the  topics covered in this section.

05:45

What is discounted cash flow analysis and net present value?

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 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 used alongside the IRR

06:11

So which measure should you use?  You need at least two to 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 you plan to hold indefinitely.

08:47

Learn what Yields and Cap Rates mean and how they apply to income producing properties.

07:57

A Too Long Didn't Watch (TLDW) Summary of all the topics covered in this section.

Measures of Return Quiz
7 questions
Section 5: Foundations: Impact of Debt on Measures of Return (UPDATED)
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 that is 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

Section 6: Foundations: Investment Considerations (UPDATED)
00:43

Overview of 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 will discuss property specific considerations that could affect your investment analysis.

10:11

In this lecture, we discuss some deal specific considerations that affect your investment analysis. 

06:13

In this lecture, we will 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.

Investment Considerations Quiz
6 questions
Section 7: Foundations: Three Primary Investment Strategies (UPDATED)
00:26

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

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. 

Investment Strategies Quiz
5 questions
Section 8: Check In
01:07

You've learned a lot of real estate investing foundations--how do you feel?  Ready to do deep dive analysis?

00:45

Too Long Didn't Watch Summary for Case Studies

Section 9: How to Invest with Others - Intro to the Waterfall Framework (UPDATED)
02:29

Overview of the topics to be covered in this section.  

03:37

Learn why would you want to invest with others? What are the potential benefits?

01:34

What could go wrong when investing with others?

10:58

What is the waterfall distribution framework?  What are its components?

02:15

In this lecture, we look at the sample investment that we will use for the four upcoming waterfall examples--one where there is NO waterfall, a 2-tier waterfall, a 3-tier waterfall, and finally a 4-tier waterfall. 

Download the file in this lecture.  You will be using it for the next 4 lectures. 

04:19

A breakdown of how the sample investment's profits would be distributed to the investors if no waterfall framework is used.

03:19

A breakdown of how the sample investment's profits would be distributed to the investors if a 2-tier waterfall framework is used. 

03:47

A breakdown of how the sample investment's profits would be distributed to the investors if a 3-tier waterfall framework is used. 

05:27

A breakdown of how the sample investment's profits would be distributed to the investors if a 4-tier waterfall framework is used. 

05:52

A summary and comparison of the waterfall examples.

Which Waterfall to Use?
02:20
What Happens if Investment Loses Money?
00:35
Example 5: Money Losing Investment Waterfall
05:02
05:29

The file in this lecture will be reviewed in greater detail in the Fix & Flip Case Study.

08:18

The file in this lecture will be reviewed in greater detail in the Rental Income Property Case Study.

Investing with Others Final Tips
01:54
Investing with Others Quiz
5 questions
Article

Link to view the live session recorded on 1/27/2016

Section 10: Fix & Flip Case Study (UPDATED)
01:07

A quick overview of the Fix & Flip topics covered in this section

13:48

When flipping a property you have many variables to consider.

In this lecture, the instructor will explain the detailed financial analysis model and how each assumption works.

07:18

In this lecture, the instructor will review an example of a residential home flip.

**Detailed Financial Analysis Model included

07:04

In this lecture, the instructor will continue to analyze the property from part 1.

Article
This Model is for advanced students only. Use at your own risk. All formulas are unlocked so there are many places to mess calculations up. =)
Section 11: Rental Income Property Case Study (UPDATED)
00:52

A quick overview of the rental income property topics to be covered in this section

09:30

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

In this lecture, the instructor will explain the detailed financial analysis model and how each assumption works.

07:43

In this lecture, the instructor will review an example of a residential rental income property.

**Detailed Financial Analysis Model included

07:05

In this lecture, the instructor will review an example of a residential rental property.

**Detailed Financial Analysis Model included

Article

This Model is for advanced students only. Use at your own risk. All formulas are unlocked so there are many places to mess calculations up. =)

Sorry, I will not be doing any one on one exercises with these unlocked models. Thanks for your understanding.

Cheers,
Symon

Section 12: Evaluating a Multi-Unit Property - Hands On Practice
06:25

In this lecture we will review the Multi-Unit Model, give you a tour of its components and explain how to use it effectively.

A Multi-Unit property is similar to an apartment, duplex or similar asset.

07:37

When working with a multi-unit property you have many variables to consider.

In this lecture, the instructor will explain the detailed financial analysis model and how each assumption works.

17:57

In this lecture, the instructor will review the first example of a multi-unit property.

**Detailed Financial Analysis Model included

15:12

In this lecture, the instructor will review the second example of a multi-unit property.

Use the Model in the Previous Example to follow along here.

Article

This Model is for advanced students only. Use at your own risk. All formulas are unlocked so there are many places to mess calculations up. =)

Section 13: Evaluating a Multiple Properties Portfolio - Hands On Practice

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Instructor Biography

Symon He, Real Estate Investor & Broker | Stanford MBA

Symon is a real estate investor, broker and 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 led acquisitions efforts on over $400M in commercial real estate investments at a private equity real estate fund.

Symon also owns and operates 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 hold an MBA from Stanford University.

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