Real Estate Investing: How to Evaluate Deals Like a Boss

Learn beginner and advanced investment analysis for flips, rentals, apartments, commercial properties, and Airbnb.
  • Lectures 87
  • Video 17 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

LATEST: Class updated again in March 2015

ADDED BONUS: 16 updated financial models to evaluate your UNIQUE deals.

Join nearly 2000 students worldwide!

Have you EVER wanted to:

  • Invest in a rental property?
  • Do a flip?
  • Invest with business partners?
  • Buy a piece of undeveloped land and build something?
  • Or...maybe purchase a commercial CASH COW property?


If YES, then guess what…..you now can easily learn how to do ALL that and more....in a smart way.

Investing is simply putting your money into something.

So any cash that you put out for some property...that's a real estate investment.

But you NEED to learn how to do this in a smart and systematic way…..the way professional investors do.

Otherwise, you might as well bet on black….or red….whichever floats your boat.

We're sure you've seen those get-rich-quick infomercial offerings.….you've seen their gimmicks...flash you the high life with their Ferraris...mansions.....yacht….jewelry…. blah...blah...blah...BUT HOW DOES THAT HELP YOU?

If that stuff pumps you up, then more power to you....But you won't learn REAL real estate investing techniques there.

You deserve better than that.

You deserve a real estate course with NO fluff...NO nonsense.

By taking this course:

FACT….You will learn to use professional real estate investment techniques.

FACT…You will learn how to evaluate both residential AND commercial real estate opportunities.

FACT….You will HOW to invest with business partners.

FACT….You will learn how to identify and mitigate investment risks.

FACT….You will get LIFETIME updates to new materials and examples….you're welcome.

FACT….You will know how to evaluate real estate investments like a certified BOSS.

Sure….you can search all over the internet...buy TONS of books...talk to lots of experts....get an MBA…do all this CRAZY research...make mistakes….fail miserably…lose money…..

ORRRRR….you could take advantage of our experience and expertise….and just sign up for this course.

Sooo...If you have big plans for your life…..or don't want to work a crappy day job until you die…..or are just are curious about real estate:

THIS—-COURSE—–IS——FOR——-YOU

The contents of this course are the result of our collective experience as real estate brokers and private investors having evaluated, invested, or sold deals in excess of $400M.

And yes...MBAs and a background in Finance helps too.

AND….don't forget the updated financial models that you get.....all included...they're pretty powerful.

You enter the numbers….the financial calculator does the work...BOOM!....you get the answers you need to make a smart investment decision.

Seriously, analysis can be that simple...but ONLY if you know what the heck you are looking at….and looking for.

In real estate, there is NO perfect strategy….every single deal needs to be evaluated on an individual basis.

You will learn how to evaluate ALL deal types in this course.

So if you really are serious about becoming a boss with real estate investing, it's simple:

  1. Click the blue “BUY THIS COURSE" button
  2. Submit your payment info to Udemy
  3. Start filling your brain with a proven investment education


BY THE WAY…the course price will be going up and we will not be accepting coupons after THIS MONTH on the 19th….after that, kiss discounts goodbye. So hurry and get it now!

==============================================

P.S. If you're having second thoughts about paying for the course….Udemy does offer a full 30 day money back guarantee. If FOR ANNNYYY REASON you don't like the course. Click the refund button on your Udemy account and the money will be promptly refunded back to you.

P.P.S. Have a real estate scenario that is SOOO RARE and unique that it's only available to you in your market….and don't know how to go about evaluating it? Hit us up...we'll set you up and get you started.

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 87 lectures and 16.5 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
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
16:11
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.

EXCEL: Modeling Timing Contingencies
16:26

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
    26
  2. 4 Stars
    2
  3. 3 Stars
    0
  4. 2 Stars
    0
  5. 1 Stars
    0
    • Alex Mitchell

    BEST Real Estate Course

    Been working in a corporate job and considering whether I want to leave and pursue my own dreams as an entrepreneur....and this class helped me understand more about the investment process. I truly do feel confident that once I get my money together, I will be able to turn it into a 2-3 multiple. Harvey, the instructor, was very easy to get in contact with and was very responsive with all the questions I had.

    • Paolo Nascimbeni

    Really excellent course and material

    I took several real estate course. This one stands out the crowd. Really excellent clear information and downloadable excel models.

    • Dallas Brock

    Solid...Lots of Great Material

    This class offers a solid base of real estate knowledge. I work for a RE office in Las Vegas and we will surely be using these models to evaluate the market out here. Great flow too--kept me coming back to listen to nearly all the lectures! This course is essential if you want to have a dependable reference for real estate investing.

    • Brandon Cole

    Helped me out a lot

    The instructor is very confident in the material he is presenting and explains things very, very well. I had some questions detailed so I sent them a few emails. Harvey was very quick to reply with a detailed response. Highly suggest this course!

    • 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.

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