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Description

Welcome to
Fundamentals of Analyzing Real Estate Investments
,
my practical course on how to use professional techniques to evaluate investment opportunities in real estate. This course has been propelling students from total beginners to confident practitioners in a matter of weeks.
Here is what a few of my students have to say:
 
James McCarthy: 5 stars
For the
most bang for your buck, this is the most value-packed course I have on Udemy out of 84. The tools and materials in this course are top-notch. This course is a clear investment in achieving my investment goals. You're not likely going to build a house without a hammer. You need the right tool for the job, and this is it!"
Dave Clinton: 5 Stars
“The instructor not only gave you a strategy but also showed you how to apply it in real
-
world situations.”
 
Bradley Garza, 5 Stars
“Tremendous value—just a wealth of content and knowledge I don't see anywhere else. The investment models and examples alone are worth 100 times what I paid for this course. The instructor is responsive and continues to update the content. Thank you, Symon!”
 
Mark Forest, 5 Stars
“There is a tremendous amount of information in this course that far surpasses anything else offered by Udemy.
   
It doesn’t matter what facet of the real estate investment industry you are interested in; this course is full of invaluable information that will save you time and, if you apply what you learn, money.
 
Inside, you’ll find useful information on:
 
•    Rental Income Properties
•    Fix and Flip
•    Multifamily Apartments
•    Commercial Properties
•    Land Development
• and a whole lot more!
 
Want to know what real estate investment analysis is all about?
 
Tired of "no money down/get rich like me" real estate investing "secrets" from supposed real estate gurus that leave you filled with nothing but marketing fluff and upsells trying to convince you to purchase their ten thousand dollar elite coaching program?
 
Me too. That’s why I developed this course for students who are looking for actual results and not a magic bullet.
 
I can't promise I'll help you get rich enough to buy your own yacht and a pair of Ferraris, but I
can
teach you some serious real estate investment analysis techniques.  The same techniques are used by the best and most successful investors.
 
If you want to learn the
real
fundamentals of real estate investing and how to actually evaluate investment opportunities the way professional investors do, this is the course for you.
 
After getting my MBA from Stanford, I became a licensed broker and real estate consultant and worked on over 400 million dollars in real estate deals. I’ve spent hundreds of hours on research, not counting the countless deals I’ve made over the years.
 
And I’ve taken all that knowledge and put it all into this course.
Jim Bo: 5 Stars
“This is a very detailed and thorough course that covers many aspects and builds a solid foundation for real estate investing. In addition to superb videos, Symon does an excellent job of promptly answering all your questions with a lot of details. Anyone who is thinking about investing in real estate should take this course!”
  
Nelson Robertson: 5 Stars
“Well organized, thorough, and easy to follow. Symon makes a point to be very responsive to questions and provides very detailed answers. Tremendous value.”
 
How do you know if this course is right for you?
 
Have  you ever wanted to

• 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 or 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.
• 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?
• Do you have professional investment analysis tools that you could use immediately to evaluate your own investment opportunities?
• Get into a real estate acquisitions role (analyst or associate) in real estate i-banking or private equity (you get 20+ investment models or examples!)

If you answered yes to any of the above, then this course is definitely for you.
 
Theododre Catillo: 5 Stars
“Very comprehensive. Much more than I expected. I recommend it to anyone wanting a solid foundation.
 
Priska Prasetya: 5 Stars
“Easy to understand. The teacher makes the explanation simple. Highly recommended!”
 
Jorge Juyo: 5 Stars
“The information is really well organized and presented; Symon uses all the media and audiovisual aids possible, and that makes it easy to follow.”
_______________________________________
Frequently asked questions
______________________________________

I don't live in the US; is the material still relevant to me?
 
Yes! While all of the examples use US properties, all of the concepts taught and tools provided are just as useful for any market around the world.  In fact, I have students from over 190 countries who are learning and using the tools provided in the course to help them invest in their local area.
 
What if I don't have any real estate background?
 
Perfect! I start you off with a heavy dose of the fundamentals, so students with no experience or background can get the most out of the rest of the course. Check out my foundational sections below.
 
I have some real estate background already; what could I learn from your course?

Besides everything listed above, I’ll show you how to answer these types of questions for every kind of real estate property: 
• 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 fits 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?

If you know how to do all of that, this course isn’t for you. The good news is that I have plenty of advanced courses available as well; feel free to check those out right now to find the one that’s appropriate for your experience level.
 
Having said that, I put a lot of useful materials in here, so you're more than likely going to learn something new.
 
I've had folks with over
20 years
of experience find something of value in this course, so I’m certain you can too.
 
Why is there so much math and number crunching?


You can't properly evaluate a real estate investment without looking at its numbers.  So if you hate math and don't like numbers, this course isn't for you.  Serious real estate analysis is probably not for you either.
 
Why do you use Excel so much?
 
Good question.  Analyzing real estate investments involves looking at the numbers, and it's easiest to do so with spreadsheets, which is why I use Excel extensively in this course.  But the good thing is that you 
do not
 have to build any of the models yourself.  You just need to be able to follow along, and then you'll be able to use the models I give you.
 
Can you make me rich by taking your course?


No, not just from taking the course. Anyone who promises you that is selling snake oil.
What I
can
guarantee is that you will leave with some serious real estate investing knowledge and techniques that can then lead you to be more profitable with your investments.
 
What else does this course cover besides real estate investing?


This course is all about and only about professional real estate investing concepts and techniques. Nothing else. But as you can see, this topic alone offers quite a bit to cover.
 
Actually, I do cover one more thing: I will also cover daily affirmations that help you build that winning mindset. Oh, and I’ll have lots of sales videos that will push you to sign up for my super-secret real estate system for only 12 low monthly 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:
• Be able to confidently use professional real estate investment techniques.
• Able to evaluate both residential AND commercial real estate opportunities
• Able to structure investments with business partners in a smart and equitable way via the waterfall framework
• Know how to identify and mitigate investment risks.


What won't I get from this course?

• You will not get a real estate license by taking this course. You can only get licensed by taking the appropriate test with the testing agency in your state or country. But what is taught in this course has nothing to do with getting a license; it focuses on how to legally transact real estate deals between buyers and sellers. This course is about investment analysis.


• Due to the sheer number of students, I am unfortunately unable to help you evaluate your personal investment deals in this course. This is about you learning how to do it on your own using the lessons and tools here. If you really want me to consult with you privately, my hourly rate is 350 dollars per hour, with a minimum of 20 hours per request.


• This course does not cover any of the wide range of OTHER real estate topics that deserve their own courses, including but not limited to: contract negotiations, real estate law, real estate marketing, REITs, etc.  I try to cover the most important concepts as they relate to evaluating investment opportunities.
 
Diego Ginzo, 5 stars
"Excelente. Son clarisimas las explicaciones y la conceptualizacion."
Larry Butler, 5 stars
“Like the Bacchanal Buffet in Las Vegas for real estate investing, there is a lot to devour, but each is deliciously made. I'm already feeling full, but I can't wait to go back for more platefuls. If you're hungry and have a refined palette with respect to real estate, look no further.”
 
What’s holding you back?
 
Are you afraid this course won’t work?  I assure you that it will.
 
Are you afraid this course will work and you’ll actually have to start investing? I think that’s a pretty good problem to have.
 
Are you afraid it will take time and effort? It will. Real estate isn’t an easy business; if it were, everyone would do it. But if you put in the work, I promise you’ll see results.
 
Best of all, there is absolutely zero risk. Udemy gives you a 30-day money-back guarantee to ensure you get what you pay for.
 
So go ahead, sign up, and I'll see you inside!
~Symon
Who this course is for:
Newbie real estate investors
Experienced commercial and/or residential real estate investors
People that want to invest in House Flips, Rental Properties or Apartments
Those that want to invest in commercial warehouses, parking lots, retail properties, etc...
Great for private investors and investment teams
Real Estate Agents Seeking Tools to Appeal to Investor Audience
Those who want to make BANK with Airbnb
MBA Students, iBankers, Financial Analysts
Someone who wants an in depth and broad coverage of real estate investment analysis concepts and techniques

What you'll learn

Confidently Evaluate the Return Potential of Any Real Estate Investment Opportunity

Know a "Good" Investment from a "Bad" Investment

Use Professional Grade Investment Models to Evaluate Your Deals

Evaluate Rental Income Properties

Evaluate Fix & Flips

Evaluate Commercial Properties

Evaluate Airbnb Properties

Use Smart Investment Deal Structures With Business Partners

Understand and Use Professional Real Estate Investment Strategies & Techniques

Requirements

  • You will need a copy of Adobe XD 2019 or above. A free trial can be downloaded from Adobe.
  • No previous design experience is needed.
  • No previous Adobe XD skills are needed.

Course Content

27 sections • 95 lectures
Expand All Sections
1-Intro: Why Do We Care About Investment Analysis?
6
1.1-A few reminders before we begin
1.2-Why Investment Analysis? Part 1 of 2
1.3-Why Investment Analysis? Part 2 of 2
1.4-OFFICE HOURS UPDATE
1.5-Investment Analysis Process
1.6-Check out my latest articles
2-Jumpstart
9
2.1-Jumpstart Intro
2.2-Zillow Alternatives
2.3-NOTE ON MODELS
2.4-Jumpstart - Market Research 1
2.5-Jumpstart - Market Research 2
2.6-Jumpstart - Rental Income Property Back of the Envelope Analysis
2.7-Updated BOE Model (Up to 50 Years)
2.8-What's Next?
2.9-Can I get your opinion?
3-Foundations: Investment Process
11
3.1-Investment Process Overview
3.2-Originations: Sourcing Deals
3.3-Deal Analysis (What This WHOLE Course is ALL About!)
3.4-Due Diligence
3.5-Financing & Closing
3.6-Construction & Rehab
3.7-Stabilization
3.8-Exit
3.9-TLDW Summary Investment Process
3.10-Section Summary Notes: The Investment Process
3.11-Investment Process Quiz
4-Foundations: Real Estate Cycles
6
4.1-Intro to Real Estate Cycles
4.2-Recovery Phase
4.3-Expansion Phase
4.4-Hypersupply Phase
4.5-Recession Phase
4.6-The Next Bust?
5-Foundations: How to Measure Returns
13
5.1-Measures of Return Overview
5.2-Discounted Cash Flow & Net Present Value
5.3-Discount Rate
5.4-Net Present Value Excel Demo
5.5-Internal Rate of Return
5.6-Internal Rate of Return Excel Demo
5.7-Cash Multiple
5.8-Which Measure to Use?
5.9-Which Measure to Use DEMO
5.10-Terminal Value
5.11-Yields and Cap Rates
5.12-TLDW Summary Measures of Return
5.13-Measures of Return Quiz
6-Foundations: Impact of Debt on Return
6
6.1-Intro to Impact of Debt
6.2-Interest Only vs Amortized Debt
6.3-The Amortization Calculator
6.4-Amortization Schedule w/ Extra Principal Payment Option
6.5-Unleveraged vs Leveraged Returns
6.6-TLDW Summary Impact from Debt
7-Foundations: Investment Considerations
7
7.1-Investment Considerations Overview
7.2-External Considerations
7.3-Property Considerations
7.4-Deal Considerations
7.5-Other Considerations
7.6-TLDW Summary Investment Considerations
7.7-Investment Considerations Quiz
8-Foundations: Three Primary Investment Strategies
6
8.1-Investment Strategies Overview
8.2-Core Investment Strategy
8.3-Opportunistic Investment Strategy
8.4-Value Added Investment Strategy
8.5-TLDW Investment Strategies
8.6-Investment Strategies Quiz
9-Check In
2
9.1-Checking In
9.2-TLDW (Too Long Didn't Watch) - Case Studies
10-How to Invest with Others - Intro to the Waterfall Framework
17
10.1-Investing with Others Overview
10.2-Why Even Invest with Others?
10.3-What are the Risks of Investing with Others?
10.4-Intro to the Waterfall Distribution Framework
10.5-Waterfall Examples Overview (DOWNLOAD)
10.6-Example 1: No Waterfall
10.7-Example 2: Two Tier Waterfall
10.8-Example 3: Three Tier Waterfall
10.9-Example 4: Four Tier Waterfall
10.10-Waterfall Examples Summary
10.11-Which Waterfall to Use?
10.12-What Happens if Investment Loses Money?
10.13-Example 5: Money Losing Investment Waterfall
10.14-Example 6: Waterfall using Fix & Flip Investment
10.15-Example 7: Waterfall using Rental Income Investment
10.16-Investing with Others Final Tips
10.17-Investing with Others Quiz
11-Fix & Flip Case Study
6
11.1-Single Unit Flip Overview
11.2-Single Unit Flip Key Considerations
11.3-Single Unit Flip Example Pt. 1
11.4-Single Unit Flip Example Pt. 2
11.5-Advanced Fix and Flip Investment Model Unlocked
11.6-Advanced Fix & Flip Model - Holding Costs Not Financed
12-Rental Income Property Case Study
6
12.1-Single Unit Rental Overview
12.2-Single Unit Rental Key Considerations
12.3-Single Unit Rental Example Pt. 1
12.4-Single Unit Rental Example Pt. 2
12.5-Advanced Rental Investment Model Unlocked
12.6-INTEREST ONLY VERSION - Advanced Rental Investment Model Unlocked
13-Multifamily Investment Case Study
5
13.1-Multi-Unit Property Overview
13.2-Multi-Unit Property Key Considerations
13.3-Multi-Unit Property Example A
13.4-Multi-Unit Property Example B
13.5-Advanced Multi-Unit Investment Unlocked Model - Different Exit Assumptions
14-Commercial Real Estate Case Studies
19
14.1-Introduction to Commercial Real Estate
14.2-Asset States For Deals
14.3-Types of Commercial Leases
14.4-Industrial Warehouses Overview
14.5-Industrial Warehouse Subdivision Example
14.6-Industrial Portfolio (Multiple Tenants) Example
14.7-Retail Example
14.8-Anchored Retail Example
14.9-Simple Office Example
14.10-Downtown Office Example
14.11-Mixed Use Retail Center Example
14.12-Medical Plaza Build to Suit Example
14.13-Finished Land Lots - Land Banking Example
14.14-Operating Assets Overview
14.15-Self Storage Example
14.16-Economy Hotel Example
14.17-Parking Garage Example
14.18-Advanced Parking Garage Model Unlocked
14.19-Advanced Commercial Model Unlocked - Normal Numbers
15-Waterfall Framework Implementation in Excel
5
15.1-Deep Dive into the Waterfall Framework Overview
15.2-Modeling the Preferred Return
15.3-Modeling the IRR and Cash Multiple Hurdles
15.4-Modeling the Catchup
15.5-Final Calculations for the Waterfall
16-Appendix: Special Topics and Examples
18
16.1-IRR vs XIRR vs MIRR
16.2-How to Build a Back of Envelope Model from Scratch 1 of 2
16.3-How to Build a Back of Envelope Model from Scratch 2 of 2
16.4-EXAMPLE: College Town Rental - Renting Out Individual Rooms
16.5-Example: Building a Mortgage Amortization Calculator in Excel
16.6-Due Diligence Checklist Part 1
16.7-Due Diligence Checklist Part 2
16.8-EXCEL: Sensitivity Analysis 101
16.9-SPECIAL TOPICS: Amortization vs. Loan Term
16.10-SPECIAL TOPICS: Should I Rent or Purchase My House?
16.11-EXCEL: Modeling Timing Contingencies
16.12-EXAMPLE: Rental with Purchase Option
16.13-SPECIAL TOPICS: Intro to Deal Syndication (Single Investment)
16.14-SPECIAL TOPICS: How Much House Can I Afford?
16.15-LIVE DEMO - Las Vegas and Los Angeles Rental Property Analysis & Q&A
16.16-BOE Model with Interest Only Loan
16.17-LECTURE SLIDES DOWNLOAD
16.18-BOE Model - Rising Property Taxes
17-Extra Topic: How to Evaluate Airbnb Hosting as an Investment
14
17.1-Introduction to Airbnb
17.2-Airbnb Hosting Economics I
17.3-Airbnb Hosting Economics II
17.4-Airbnb Key Considerations for Short Term Rentals I
17.5-Airbnb Key Considerations for Short Term Rentals II
17.6-Airbnb Key Considerations for Short Term Rentals III
17.7-Airbnb Best Practices I
17.8-Airbnb Best Practices II
17.9-Airbnb Best Practices III - Full Time Rentrepreneurs
17.10-Airbnb Example: Listing Extra Room Part I
17.11-Airbnb Example: Listing Extra Room Part II
17.12-Airbnb Example: Dedicated Unit for Airbnb
17.13-Updated LearnAirbnb Model for Airbnb Hosting
17.14-Target Investment Returns
18-New to Udemy?
2
18.1-Welcome
18.2-OPTIONAL: How to use Udemy, download files, etc...