Real Estate Analysis Foundations

Course details

Build a toolkit of professional-grade real estate analysis techniques that will help you evaluate investment opportunities, portfolios, and returns. Analysis is the number one skill you need to master to succeed in the competitive and ever-changing field of real estate. Professional investor Symon He has trained thousands of students from hundreds of countries—proving the same techniques can be used worldwide. In this course, he provides four advanced, Excel-based investment models and shows how to use these free tools to analyze a variety of opportunities, from single-unit rentals to fix and flips to multi-unit apartments. He also explores the investment process, so you can see where analysis fits in, and discusses the three primary investment strategies. He includes advice on measuring your returns and factoring in the impact of debt financing, and reviews five real-world case studies that show how investment analysis can uncover priceless insights.

Learning objectives
Conducting market research
The seven-stage investment process
Due diligence: Validating and verifying your investment
Financing and closing
Exiting: Selling your investment
Investment considerations and strategies
Measuring returns
How debt impacts your return
Real estate analysis case studies

Concepts

0. Introduction

01 - Introduction

1. Case Study #1 - Follow-Along Analysis

02 - Case study #1 overview
03 - Why investment analysis
04 - Market research, part 1
05 - Market research, part 2
06 - Back of the envelope analysis
07 - The rest of the course

2. Foundations - Investment Process

08 - Investment process overview
09 - Originations
10 - Analysis
11 - Due diligence
12 - Financing and closing
13 - Construction and rehab
14 - Stabilization
15 - Exit
16 - Summary of investment process

3. Foundations - Investment Considerations

17 - Investment considerations overview
18 - External considerations
19 - Property considerations
20 - Deal considerations
21 - Other considerations
22 - Investment considerations summary

4. Foundations - Three Primary Investment Strategies

23 - Investment strategies overview
24 - Core investment strategy
25 - Opportunistic investment strategy
26 - Value-added investment strategy
27 - Investment strategies summary

5. Foundations - How to Measure Returns

28 - Intro to measures of returns
29 - Discounted cash flow and the net present value (NPV)
30 - Discount rate
31 - Net present value exercise
32 - Internal rate of return
33 - Internal rate of return exercise
34 - Cash multiple
35 - Which measure to use
36 - Which measure to use Part 2
37 - The terminal value
38 - Yields and cap rates
39 - Summary of measures of return

6. Foundations - The Impact of Debt on Return

40 - What is debt leverage
41 - Interest-only vs. amortized loans
42 - The amortization calculator
43 - How debt impacts investment returns
44 - Impact of debt summary

7. Case Study #2 - Advanced Rental Property Analysis

45 - Intro to case studies
46 - Single unit rental overview
47 - Single unit rental key considerations
48 - Single unit rental analysis, part 1
49 - Single unit rental analysis, part 2

8. Case Study #3 - Advanced Fix and Flip Analysis

50 - Single fix and flip overview
51 - Single fix and flip key considerations
52 - Single fix and flip analysis, part 1
53 - Single fix and flip analysis, part 2

9. Case Study #4 - Multifamily Analysis

54 - Multifamily example overview
55 - Multifamily key considerations
56 - Multifamily example 1 - Fourplex apartment
57 - Multifamily example 2 - 196-unit apartment complex

10. Case Study #5 - Multiple Properties Portfolio Analysis

58 - Multiple properties example overview
59 - Multiple properties key considerations
60 - Multiple properties example

Conclusion

61 - Congrats