Real Estate Investing: Investment Analysis Made Easy

Learn beginner and advanced investment analysis for flips, rentals, apartments, commercial properties, and Airbnb.
  • Lectures 115
  • Video 16 Hours
  • Skill level all level
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion

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Course Description

Analysis → Confidence → Success

Why should I take this course?
This course is effective for all levels of investors, from newbies to veterans. It will provide you with the tools, knowledge and skills necessary to evaluate real estate investment opportunities confidently and efficiently.

  • Have you found a potential property that you are thinking about investing in, but aren't sure if you have accounted for all the key factors that could impact your returns?
    • What will your return on investment be?
    • What will your cash flow look like each year?
  • Are you curious about listing a unit or maybe even building a portfolio of units on Airbnb?
  • Looking to enter the real estate industry from another industry or after finishing school?
  • Need a crash course in real estate investment analysis to prepare for interviews?
  • Want to know how to properly structure a deal with investment partners?
  • Just curious to learn about real estate because it seems profitable or interesting?
  • Want to learn how to evaluate commercial real estate investments?

No matter what your level or needs for real estate investment training, this class is for you!


What kinds of materials are included?
This class includes many types of downloadable materials which makes it great for online and offline learning. All slideshows are saved as PDFs for you to review at your own pace. Most importantly, you will initially receive FOUR (4) detailed Real Estate Analysis models that are powerful, yet easy-to-use. These models will allow you to immediately evaluate and understand nearly every type of deal out there!

We added a Commercial Real Estate section with plans to add at least TEN (10) more detailed investment models tailored for specific commercial real estate deal scenarios. Update: four lectures added and first examples to be added soon.

We've added a section to discuss and demonstrate what it takes to set up your own Airbnb unit and how to build a portfolio. In this section, you'll learn the concepts and get the tool to properly evaluate the unit economics as well as the portfolio economics of running an airbnb business. Update: first 6 lectures added. More to come!

How is this course structured?
This course is not your typical real estate or investment class. It emphasizes hands-on practice with real world examples - in this class, you will learn by evaluating investment examples drawn from actual deals.


We first explain all the concepts and techniques used by professional investors and then we show you how to apply them into your real-life investments!

The contents of this course were gathered and created from feedback by industry insiders with decades of real estate investment experience ranging from Investment Banking, Real Estate Private Equity and Individual Private Real Estate Investors.

Each section teaches new concepts using increasingly more complex deal scenarios to highlight those concepts. By registering for this course, you will be able to download ALL of the same investment models used by the instructor so that you can immediately evaluate investment opportunities with confidence following the course.


When you take this course, you will learn:

  • The Investment Process - Why Use Financial Modeling?
  • Foundations of Investment
    • Waterfall Structure
    • Investable Funds Replacement Cost
    • Goals & Time Horizon
    • Skills/Experience
    • Partnerships
    • Leverage (debt)
    • Tax Implications
    • IRR
    • Discounted Cash Flow
    • NPV
    • Cap Rates
    • Cash Multiples
    • Amortization Calculator
  • Investing with Others
    • How to properly structure an investment when co-investing with others
  • Airbnb Examples
    • COMING SOON! We will be covering the concepts around setting up a single airbnb unit or building a portfolio on airbnb. You will get 2 detailed investment models specifically tailored for this.
  • And MUCH MORE!

Learn from case based examples of both Residential and Commercial real estate investments.

Residential Real Estate Examples

Includes 4 Detailed Examples and Investment Models

  • Deal #1: Investing in a single rental property
  • Deal #2: Investing in a single flip property
  • Deal #3: Investing in a single multi-unit (apartment) property
  • Deal #4: Investing in multiple single unit properties

Commercial Real Estate Examples (added 6/20/2014)

COMING SOON! We will be Adding 10+ Detailed Examples and Investment Models, including:

  • Deal #5: Industrial Warehouse
  • Deal #6: Industrial Portfolio
  • Deal #7: Anchored Retail
  • Deal #8: Mixed Use Retail
  • Deal #9: Office Building
  • Deal #10: Medical Office
  • Deal #11: Land Banking
  • Deal #12: Parking Structure
  • Deal #13: Self Storage
  • Deal #14: Economy Hotel


LIFETIME updates and access to new materials!

We've just added a section for Commercial Real Estate and will begin publishing lectures and examples.

This course will continuously add new deal scenarios and accompanying investment models based on feedback from the students. As a student, you will receive all of these additional updates for free!

Let us know what you're working on and we may feature your deal!

To learn more about us, visit us at:

WCI Education

What are the requirements?

  • Microsoft Excel 2003 or Newer
  • Basic Familiarity with Spreadsheets
  • The Desire to Learn

What am I going to get from this course?

  • Over 115 lectures and 16 hours of content!
  • Understand the Key Concepts in Real Estate Investment Analysis
  • Receive Hands On Practice with Expertly Crafted Investment Models
  • Confidently Evaluate the Return Potential of an Investment
  • Get Access to All of the Investment Models Used by the Instructor
  • Understand Analysis Techniques for Both Residential and Commercial Real Estate
  • Understand the Economics of Offering Units on Airbnb

What is the target audience?

  • Beginner, Intermediate, and Experienced Real Estate Investors
  • Individuals Seeking to Learn Core Concepts in Real Estate Investing
  • Private Investors Investing Alone
  • Private Investors Investing with Others
  • Interested in Investing in Flips, Rentals, Multi-Family (Apartments), etc...
  • Invested in Learning Commercial Real Estate Investment Analysis
  • Current Students Seeking a Future Real Estate Investment Role
  • Real Estate Agents Seeking Tools to Appeal to Investor Audience
  • Those Who Have an Interest in Setting Up on Airbnb

Curriculum

Section 1: Introduction
12:57

Are you new to Real Estate investing? Have some experience, but want to further your knowledge?

This class is great for anyone and everyone that has the inclination to learn how to properly evaluate a real estate investment.

Watch this video to get complete overview of what our course will cover.

07:24

In this lecture we will give you an overview of all the concepts covered in the foundations portion of this course.

Section 2: The Investment Process
13 slides

Full lecture slides for Section 2

The Investment Process Overview
00:34
11:29

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?

05:39

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 can save you precious time.

39:55

Learning to look at the most basic, yet important, assumptions will help you quickly see if a deal is worth your time.

In this lecture you will learn to build a robust, "back of the envelope" model from scratch.

**Model Included

03:10

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.

In this lecture you will learn what some of the factors that can contribute to a WORST case scenario.

21:25

Having a checklist makes all the due diligence considerations easier to track and visualize.

In this lecture you will learn about each part of the due diligence checklist, as well as receive a digital and printable copy of the WCI Due Diligence Checklist.

**Supplementary Material Included

03:32

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.

19:14

In this lecture you will learn how to build an Amortization Schedule from scratch, as well as receive a completed version that you can use immediately.

**Base Model Included

10:01

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.

08:29

After construction is complete, you need to choose your next step as whether to hold or sell.

In this lecture you will learn the details of a hold and exit.

Investment Process Quiz
5 questions
Section 3: Investment Strategies
10 slides

Full slides for Section 3

06:22

Having an investment strategy will keep you focused and effective.

In this lecture, you will learn about the different types of strategies and how they are correlated to risk and return. Find the strategy that fits your needs and goals.

06:52

In this lecture you will learn about the details of a Core Investment Strategy, and review examples and considerations.

07:31

In this lecture you will learn about the details of a Value Added Investment Strategy, and review examples and considerations.

11:49

In this lecture you will learn about the details of an Opportunistic Investment Strategy, and review examples and considerations.

Investment Strategies Quiz
5 questions
Section 4: Key Investment Considerations
30 slides

Full lecture slides for Section 4

Overview
01:00
12:33

In this lecture you will review the macroeconomics of where you target asset is located.

09:18

In this lecture you will explore many concepts including replacement cost and verification of key attributes.

10:38

In this lecture you will learn about concepts including purchase and sale agreements, title and other legal matters that may affect your investment.

14:48

In this lecture you will learn about deal-specific considerations including purchase price, rehab/construction and many others.

13:12

Deals come in all shapes and sizes and some have factors you may not have thought of yet.

In this lecture we will review considerations including environmental, city planning, taxes and more.

Investment Considerations Quiz
6 questions
Section 5: Measures of Return
27 slides

Full lecture slides for Section 5

Overview
02:16
02:24

Discounted Cash FLow allows you to make a fair comparison of cash flows coming in a different times.

15:12

The Net Present Value determines value of all future incoming and outgoing cash flows in today's dollars.

In this lecture you will learn about NPV and what this measure says about your project.

**Model Included

12:20

Weighted Average Cost of Capital is used to calculate the cost to make an investment if you are deriving your funds from outside sources.

03:14

Terminal Value is an effective way to calculate the value of a perpetual stream of cash flow.

13:23

The Internal Rate of Return is one way to measure and compare the profitability of investments.

**Model Included

01:14

The Cash Multiple measures and compares the magnitude of your investment without taking time into consideration.

02:04

Benefit to Cost Ratio measure the efficieny and magnitude of an investment.

06:38

With many ways to measure your returns, which measure should you use? When one is low and another is high, what does that mean?

**Model Included

12:10

Cap Rates allow you to compare the Net Operating Income to the Purchase Price.
Yields allow you to compare the Net Operating Income to the Total Investment.

**Model Included

05:48

This measure is commonly used by lenders to determine the viability of issuing a loan for your project.

**Model Included

08:25

Sometimes you cannot afford to pay all cash for your investments and you must take on some debt.

In this lecture you will learn about how taking on debt will impact your investment returns.

Measures of Return Quiz
8 questions
Section 6: Investing with Others - Waterfall
9 slides

Full lecture slides for Section 6

08:31

This lecture provides an overview of the waterfall framework.

01:00

In this lecture you will learn about the key elements of a waterfall structure and some common types of waterfall structure.

04:30

In this lecture you will see an example of return distributions when no waterfall structure is used. This will serve as a baseline for the waterfall examples below.

**Example File Included

12:00

In this lecture you will learn how adding a manager with a 2-tier waterfall will impact an investment's returns.

**Example File Included

09:31

In this lecture you will learn how adding a manager with a 3-tier waterfall will impact an investment's returns.

**Example File Included

08:05

In this lecture you will learn how adding a manager with a 4-tier waterfall will impact an investment's returns.

**Example File Included

06:30

In this lecture we will compare and discuss the different waterfall structures and their impacts on each of the investors.

The color formatting of the IRR and BCR show the highest and lowest returns for investors across all waterfall structures.

**Example File Included

FYI - There were some minor formatting errors within the video, but the downloadable model is now updated.

Investing with Others Quiz
5 questions
Section 7: Single Unit Flip - Hands On Practice
07:39

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

07:54

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.

14:37

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

**Detailed Financial Analysis Model included

15:38

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

Section 8: Single Unit Rental - Hands On Practice
05:06

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

07:36

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.

16:21

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

**Detailed Financial Analysis Model included

Section 9: 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

15:13

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.

Section 10: Multiple Properties Portfolio - Hands On Practice
03:55

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

10:13

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

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

16:16

In this lecture, the instructor will review and example with the multi-property portfolio model.

**Detailed Financial Analysis Model included

Section 11: Investing with Others - Application
01:45

Investing with others can be done in many ways.

In this lecture, the instructor will briefly review the forthcoming examples.

04:57

In this lecture the instructor will review a Single Unit Flip example with a 2-Tier Waterfall.

**Detailed Financial Analysis Model Included

04:03

In this lecture the instructor will review a Single Unit Flip example with a 3-Tier Waterfall.

**Detailed Financial Analysis Model Included

04:05

In this lecture the instructor will review a Single Unit Flip example with a 4-Tier Waterfall.

**Detailed Financial Analysis Model Included

Section 12: Airbnb - Short Term Rental Investing
08:09

Learn about the early days Airbnb

19:03

Introduction to Rental Arbitrage and Hosting Economic Considerations

Airbnb Hosting Economics II
20:50
Airbnb Key Considerations for Short Term Rentals I
21:32
Airbnb Key Considerations for Short Term Rentals II
17:35
Airbnb Key Considerations for Short Term Rentals III
16:06
24:55

We begin our discussion on some best practices for short term rentals on Airbnb.

Airbnb Best Practices II
22:33
Airbnb Best Practices III - Full Time Rentrepreneurs
Upcoming
Airbnb Example: Listing Your Own Place
Upcoming
Airbnb Example: Dedicated Unit for Airbnb
Upcoming
Airbnb Example: Building a Portfolio of Dedicated Units
Upcoming
Airbnb Alternatives
Upcoming
Section 13: Commercial Real Estate
13:50

An introduction to the topics covered in this section.

06:25

Different asset states encountered in commercial real estate investments

07:30

Overview of different types of commercial leases

09:23

Goes over various subcategories of this asset type.

14:28

Example of a warehouse subdivision -- 50K sf distribution warehouse subdivided into 8 R&D flex spaces.

NOTE: The example model has been updated since the original publishing to reflect some changes to the model--fixes that corrected some errors regarding the rental bumps (previously was not flowing through to results). So the return figures in the model are correct while the return figures in the video are not. All assumptions are the same and concepts do not change.

23:04

Commercial RE example of investing in an small portfolio of industrial assets.

NOTE: The example model has been updated since the original publishing to reflect some changes to the model--fixes that corrected some errors regarding the rental bumps (previously was not flowing through to results). So the return figures in the model are correct while the return figures in the video are not. All assumptions are the same and concepts do not change.

13:59

Example: Buying of a fully leased corner neighborhood retail center as income play

15:35

Similar example to Lecture 84 except with the context of an anchored tenant.

Office
Upcoming
Downtown Office Example
Upcoming
Mixed Use Retail Center Example
Upcoming
Medical Office (Build to Suit) Example
Upcoming
Raw Land
Upcoming
Land Banking Example
Upcoming
Operating Assets
Upcoming
Parking Structure Example
Upcoming
Self Storage Example
Upcoming
Economy Hotel Example
Upcoming
Section 14: Appendix: Special Topics and Examples
04:44

In this lecture, the instructor will explain how updates and new examples will be handled.

Want your specific deal to be evaluated? Email us at info@wcieducation.com and let us know what you're working on!

EXAMPLE: College Town Rental--Renting Out Individual Rooms
18:05
EXCEL: Sensitivity Analysis 101
13:41
SPECIAL TOPICS: Amortization vs. Loan Term
06:14
15:42

Covers considerations for those deciding between renting vs buying a property using two web-based rent vs buy calculators.

Instructor Biography

WCI Education , Practical Business Education Experts

WCI Education is a real estate consulting and education firm, located in Los Angeles, California. Their mission is to help investors and business owners make informed business decisions.

Drawing from institutional and private investment experience, they have sourced and underwritten real estate deals worth over $400M in completion value.

The Analysis Management Team includes real estate and finance professionals, licensed brokers and MBA graduates from Stanford University, University of South California and Michigan State University.

WCI Education also supports start-ups and small business concepts with hands-on learning and consulting services.

For more information, please visit: wcieducation.com

Reviews

Average Rating
4.9
Details
  1. 5 Stars
    22
  2. 4 Stars
    2
  3. 3 Stars
    0
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    • Conrado Freitas

    Objective and Complete

    I think this is really a nice course, not just for begginers in real estate investing, but also for people with some more knowledge. It gave me some nice insights and it is giving me a nice base to work with. I really recommend it.

    • Jerry Alexander

    I'm not all the way done with the class but I have been jumping around between lectures and it's very detailed. Videos are shot well and the instructor does a great job of explaining the difficult topics for newbies.

    • Lucas Young

    Very clear and thorough

    Great content and clear delivery. Easy to follow but still quite detailed.

    • Rickey Wallace

    it's what I've been looking for

    very nice

    • D Baldwin

    thank you waterfall structure!

    only course I've found that clearly lays out how to structure an investment with other people. The waterfall model is worth the price of the course.

Show more reviews

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