Real Estate Investing: Complete Investment Analysis

Learn professional techniques to pick winners in both residential and commercial investment real estate.
Instructed by Symon He Business / Real Estate

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  • Lectures 120
  • Video 19.5 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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Course Description

(2/2016 Update) What do you get? 39 investment models/examples and companion files and counting! Preview Lecture #2 to see what I mean.

Also, I provide weekly 1 on 1 office hours that students can sign up to chat with me about the course in detail.

_______________________________________

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 investing 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.

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 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 else where, 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 it's 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 from 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.

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?

  • Microsoft Excel 2003 or Newer
  • The desire to learn
  • The desire for a positive financial future

What am I going to get from this course?

  • Over 120 lectures and 19.5 hours of content!
  • Find and evaluate profitable real estate deals
  • Understand the core concepts of Real Estate Investing
  • Understand Professional Real Estate Investment Strategies
  • Learn how to raise capital for your real estate deals
  • 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
  • Get Access to All of the Investment Models Used by the Instructor

What is the target audience?

  • People who have NEVER invested in anything
  • 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

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: Introduction to Course
00:36

Quick caveat about the Foundations sections. If you must, you can skip some, but there is one section you should definitely not skip.

Text

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

Quick Assignment
00:57
07:16

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

1 page

Summary of foundational topics to be covered in course.

Section 2: Foundations: The Investment Process
13 pages

Full lecture slides for Section 2

00:34

A brief discussion of the topics to be covered in this section..

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.

19:55

Looking at the core assumptions can help you quickly assess the viability of an investment.

In this lecture you will learn to build a robust, "back of the envelope" model from scratch to very quickly assess a rental income property.

**Model Included

19:59

Continuation of the Back of the Envelope example.

NOTE: What is labeled as "Down Payment" is technical the "Total Equity Investment". In an effort simply this example early on here, I've added closing costs and exit renovations into the Total Cost of the Project. It's not typically rolled into the debt this way and the impact here is not significant.

Will make corrections to the next version of the file.

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.

11:33

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

09:53

Continuation from previous lecture.

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.

2 pages

Brief summary of the Investment Process covered in this section.

5 questions

Review of concepts covered in the Investment Process section

Whew! Congrats on Finishing this Section!
00:18
Course Feedback: Let me know what you think so far! Thanks!
Text
Section 3: Foundations: Three Primary Investment Strategies
10 pages

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: Foundations: Key Investment Considerations
30 pages

Full lecture slides for Section 4

01:00

A brief discussion of the topics to be covered in this section.

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: Foundations: How to Measure Investment Returns
27 pages

Full lecture slides for Section 5

02:16

A brief discussion of the topics to be covered in this section.

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.

13:22

The Internal Rate of Return measures and compares the efficiency of your investment taking into account the timing of the cash flows.

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: How to Invest with Others - Intro to the Waterfall Framework
9 pages

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.

Text

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

Investing with Others Quiz
5 questions
Section 7: Evaluating a 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.

Text
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 8: Evaluating a 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

Text

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 9: 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.

Text

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 10: Evaluating a 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

Text

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: How to Invest with Others - Application Using Investment Example
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: How to Evaluate Airbnb Hosting as an Investment
01:39

For those of you serious thinking about getting into home sharing and hosting on Airbnb (or just get better at what you're already doing), I highly recommend you getting this FREE hosting report from LearnAirbnb.com.


Why am I so confident it will help you? Because I'm part of the team that's making the report. =)


We're analyzing over 250,000 hosts across 435,000 listings in nearly 2000 cities in the US to find out things like how much people are actually making, which types of listings are successful or not, which cities do best or worse, and lots more. You'll get to find out how much Airbnb hosts ACTUALLY make in your market.


So if you're intersted in learning about Airbnb hosting, you can get this FREE report by taking the survey here: www.learnairbnb.com/survey

08:09

Learn about the early days Airbnb

19:03

Introduction to Rental Arbitrage and Hosting Economic Considerations

20:50

Continuation of the discussion from the previous lecture. Also evaluates the difference between purchasing and leasing a unit for listing on Airbnb.

21:32

Part 1 of a three part discussion on the key considerations of Airbnb hosting.

17:35

Part 2 of a three part discussion on the key considerations of Airbnb hosting.

Instructor Biography

Symon He, Stanford MBA | Investor | Entrepreneur | Data Geek

Hi, I'm Symon.

I've been a business coach, real estate investor, and overall analysis ninja for over a decade.

I've also been involved in failed and messy startups.

I am older than I look.

One thing I've learned over the years from jumping industries is that I love to learn new and useful skills.

But what I love even more is to teach them to others.

What am I good at? Real estate, small business finance, startups, data, consumer research, and anything Excel related.

I take difficult to understand concepts and distill them into immediately useful tools--EVERY course I teach includes a tool I designed and use myself.

For my real estate courses, they both come with carefully designed investment models that you can use right away to evaluate your own investments.

For my Founder's Pie Calculator course, you get a robust founder's pie calculator that allows you to quickly and easily calculate a recommended equity split between you and your cofounders.

For my Guide to Daily Deals course, business owners get my Daily Deal Calculator that allows them to evaluate and fine tune their daily deal promotions so that they can maximize their profits on sites like Groupon or LivingSocial.

----------------------------------------------------------------------------

Currently, I run the #1 Airbnb hosting blog at LearnAirbnb, do freelance consulting on real estate and consumer research, and teach top rated courses on Udemy.

My consulting clients include businesses small and large across the concepts spectrum, including a specialty lounge, fast casual restaurant concepts, food truck concepts, drive through Laundromats, yoga studios, an indoor golf concept, and multi-unit retailers.

I worked at the Panda Restaurant Group serving as their Head of Marketing Analytics, designing and running nation-wide consumer studies as well as measuring and tracking marketing ROI.

Prior to Panda, I led global M&A efforts at Ingram Micro. And before that, I also evaluated and underwrote commercial real estate investments worth over $400M in completion value at a private equity investment fund.

-----------------------------------------------------------------------------

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

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Reviews

Average Rating
4.9
Details
  1. 5 Stars
    66
  2. 4 Stars
    6
  3. 3 Stars
    0
  4. 2 Stars
    1
  5. 1 Star
    0
    • Mark Forest

    Very detailed

    There is a tremendous amount of information in this course that far surpasses anything else offered by Udemy.

    • Jim Bo

    Great course on real estate fundamentals

    This is a very detailed and very thorough course that covers many aspects builds a solid foundation of real estate investing. In addition to superb videos, Symon does an excellent job at promptly answering all your questions with a lot of details. Anyone who is thinking about investing in real estate should take this course!

    • Rick scatterday

    Awesome!

    Far exceed expectations!

    • Steven Enchel

    Casual presentation of complex ideas

    Symon does a great job of holding our hands as we start from the ery basics to getting into some quite complex deal examples. I've learned so much that I feel like I owe him some money!

    • Emmanuel Odiase

    Nice

    Path to success

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