Real Estate Investing: Investment Analysis Made Easy

Learn beginner and advanced investment analysis for flips, rentals, apartments, commercial properties, and Airbnb.
24 reviews
TAUGHT BY
  • 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

WHAT'S INSIDE
  • Lifetime access to 115 lectures and 5 quizzes
  • 14+ hours of high quality content
  • A community of 1800+ students learning together!
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Real Estate Investing: Investment Analysis Made Easy

Learn beginner and advanced investment analysis for flips, rentals, apartments, commercial properties, and Airbnb.
24 reviews

HOW UDEMY WORKS?

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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!

(6/20/2014) 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.

(6/24/2014) 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 (added 6/24/2014)
    • 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

    • Microsoft Excel 2003 or Newer
    • Basic Familiarity with Spreadsheets
    • The Desire to Learn
    • Over 115 lectures and 15 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
    • 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

THE UDEMY GUARANTEE

30 day money back guarantee
Lifetime access
Available on Desktop, iOs and Android
Certificate of completion

CURRICULUM

  • SECTION 1:
    Introduction
  • 1
    Course Overview
    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.

  • 2
    Foundations Overview
    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
  • 3
    Investment Process Lecture Slides
    13 slides

    Full lecture slides for Section 2

  • 4
    The Investment Process Overview
    00:34
  • 5
    Originations
    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?

  • 6
    Analysis I
    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.

  • 7
    Analysis II: Back of Envelope Example - Single Unit Rental
    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

  • 8
    Due Diligence
    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.

  • 9
    Due Diligence Checklist
    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

  • 10
    Financing & Closing
    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.

  • 11
    Example: Mortgage Amortization Calculator
    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

  • 12
    Construction/Rehab
    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.

  • 13
    Stabilization/Exit
    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.

  • 14
    Investment Process Quiz
    5 questions
  • SECTION 3:
    Investment Strategies
  • 15
    Investment Strategies Lecture Slides
    10 slides

    Full slides for Section 3

  • 16
    Investment Strategies Overview
    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.

  • 17
    Core Example
    06:52

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

  • 18
    Value Added Example
    07:31

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

  • 19
    Opportunistic Example
    11:49

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

  • 20
    Investment Strategies Quiz
    5 questions
  • SECTION 4:
    Key Investment Considerations
  • 21
    Investment Considerations Lecture Slides
    30 slides

    Full lecture slides for Section 4

  • 22
    Overview
    01:00
  • 23
    Market Considerations
    12:33

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

  • 24
    Property Considerations
    09:18

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

  • 25
    Legal Considerations
    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.

  • 26
    Deal Considerations
    14:48

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

  • 27
    Other Considerations
    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.

  • 28
    Investment Considerations Quiz
    6 questions
  • SECTION 5:
    Measures of Return
  • 29
    Measures of Return Lecture Slides
    27 slides

    Full lecture slides for Section 5

  • 30
    Overview
    02:16
  • 31
    Discounted Cash Flow
    02:24

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

  • 32
    Net Present Value
    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

  • 33
    Weighted Average Cost of Capital Discount Rate
    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.

  • 34
    Terminal Value
    03:14

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

  • 35
    Internal Rate of Return (IRR)
    13:23

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

    **Model Included

  • 36
    Cash Multiple
    01:14

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

  • 37
    Benefit to Cost Ratio
    02:04

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

  • 38
    IRR vs. NPV vs. Multiples
    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

  • 39
    Yields & Cap Rates
    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

  • 40
    Debt Service Coverage Ratio
    05:48

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

    **Model Included

  • 41
    Impact from Leverage
    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.

  • 42
    Measures of Return Quiz
    8 questions
  • SECTION 6:
    Investing with Others - Waterfall
  • 43
    Investing with Others Lecture Slides
    9 slides

    Full lecture slides for Section 6

  • 44
    Waterfall Overview
    08:31

    This lecture provides an overview of the waterfall framework.

  • 45
    Waterfall Introduction & Elements
    01:00

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

  • 46
    Waterfall Example - No Waterfall
    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

  • 47
    Waterfall Example - 2 Tier
    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

  • 48
    Waterfall Example - 3 Tier
    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

  • 49
    Waterfall Example - 4 Tier w/ Catch Up
    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

  • 50
    Waterfall Wrap-up
    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.

  • 51
    Investing with Others Quiz
    5 questions
  • SECTION 7:
    Single Unit Flip - Hands On Practice
  • 52
    Single Unit Flip Overview
    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.

  • 53
    Single Unit Flip Key Considerations
    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.

  • 54
    Single Unit Flip Example Pt. 1
    14:37

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

    **Detailed Financial Analysis Model included

  • 55
    Single Unit Flip Example Pt. 2
    15:38

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

  • SECTION 8:
    Single Unit Rental - Hands On Practice
  • 56
    Single Unit Rental Overview
    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.

  • 57
    Single Unit Rental Key Considerations
    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.

  • 58
    Single Unit Rental Example
    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
  • 59
    Multi-Unit Property Overview
    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.

  • 60
    Multi-Unit Property Key Considerations
    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.

  • 61
    Multi-Unit Property Example A
    17:57

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

    **Detailed Financial Analysis Model included

  • 62
    Multi-Unit Property Example B
    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
  • 63
    Multiple Property Portfolio Overview
    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.

  • 64
    Multiple Property Portfolio Key Considerations
    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.

  • 65
    Multiple Property Portfolio Example
    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
  • 66
    Overview
    01:45

    Investing with others can be done in many ways.

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

  • 67
    2 Tier Example
    04:57

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

    **Detailed Financial Analysis Model Included

  • 68
    3 Tier Example
    04:03

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

    **Detailed Financial Analysis Model Included

  • 69
    4 Tier Example
    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
  • 70
    Introduction to Airbnb
    08:09

    Learn about the early days Airbnb

  • 71
    Airbnb Hosting Economics I
    19:03

    Introduction to Rental Arbitrage and Hosting Economic Considerations

  • 72
    Airbnb Hosting Economics II
    20:50
  • 73
    Airbnb Key Considerations for Short Term Rentals I
    21:32
  • 74
    Airbnb Key Considerations for Short Term Rentals II
    17:35
  • 75
    Airbnb Key Considerations for Short Term Rentals III
    16:06
  • 76
    Airbnb Best Practices I
    24:55

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

  • 77
    Airbnb Best Practices II
    22:33
  • 78
    Airbnb Best Practices III - Full Time Rentrepreneurs
    Upcoming
  • 79
    Airbnb Example: Listing Your Own Place
    Upcoming
  • 80
    Airbnb Example: Dedicated Unit for Airbnb
    Upcoming
  • 81
    Airbnb Example: Building a Portfolio of Dedicated Units
    Upcoming
  • 82
    Airbnb Alternatives
    Upcoming
  • SECTION 13:
    Commercial Real Estate
  • 83
    Introduction to Commercial Real Estate
    13:50

    An introduction to the topics covered in this section.

  • 84
    Asset States For Deals
    06:25

    Different asset states encountered in commercial real estate investments

  • 85
    Types of Commercial Leases
    07:30

    Overview of different types of commercial leases

  • 86
    Industrial Warehouses Overview
    09:23

    Goes over various subcategories of this asset type.

  • 87
    Industrial Warehouse Subdivision Example
    Upcoming
  • 88
    Industrial Portfolio (Multiple Tenants) Example
    Upcoming
  • 89
    Retail
    Upcoming
  • 90
    Anchored Retail Example
    Upcoming
  • 91
    Mixed Use Retail Center Example
    Upcoming
  • 92
    Office
    Upcoming
  • 93
    Downtown Office Example
    Upcoming
  • 94
    Medical Office (Build to Suit) Example
    Upcoming
  • 95
    Raw Land
    Upcoming
  • 96
    Land Banking Example
    Upcoming
  • 97
    Operating Assets
    Upcoming
  • 98
    Parking Structure Example
    Upcoming
  • 99
    Self Storage Example
    Upcoming
  • 100
    Economy Hotel Example
    Upcoming
  • SECTION 14:
    Appendix: Special Topics and Examples
  • 101
    Introduction
    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!

  • 102
    EXAMPLE: College Town Rental--Renting Out Individual Rooms
    18:05
  • 103
    EXCEL: Sensitivity Analysis 101
    13:41
  • 104
    SPECIAL TOPICS: Amortization vs. Loan Term
    06:14
  • 105
    SPECIAL TOPICS: Rent vs. Buy
    15:42

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

UDEMY BY THE NUMBERS

5,200,000
Hours of video content
19,000,000
Course Enrollments
5,700,000
Students

RATING

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AVERAGE RATING
NUMBER OF RATINGS
24

REVIEWS

  • 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.

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