Real Estate Analysis Foundations

Introduction

• Introduction

1. Case Study #1: Follow-Along Analysis

• Case study #1 overview
• Why investment analysis?
• Market research, part 1
• Market research, part 2
• Back of the envelope analysis
• The rest of the course

2. Foundations: Investment Process

• Investment process overview
• Originations
• Analysis
• Due diligence
• Financing and closing
• Construction and rehab
• Stabilization
• Exit
• Summary of investment process

3. Foundations: Investment Considerations

• Investment considerations overview
• External considerations
• Property considerations
• Deal considerations
• Other considerations
• Investment considerations summary

4. Foundations: Three Primary Investment Strategies

• Investment strategies overview
• Core investment strategy
• Opportunistic investment strategy
• Value-added investment strategy
• Investment strategies summary

5. Foundations: How to Measure Returns

• Intro to measures of returns
• Discounted cash flow and the net present value (NPV)
• Discount rate
• Net present value exercise
• Internal rate of return
• Internal rate of return exercise
• Cash multiple
• Which measure to use?
• Which measure to use? Part 2
• The terminal value
• Yields and cap rates
• Summary of measures of return

6. Foundations: The Impact of Debt on Return

• What is debt leverage?
• Interest-only vs. amortized loans
• The amortization calculator
• How debt impacts investment returns
• Impact of debt summary

7. Case Study #2: Advanced Rental Property Analysis

• Intro to case studies
• Single unit rental overview
• Single unit rental key considerations
• Single unit rental analysis, part 1
• Single unit rental analysis, part 2

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

• Single fix and flip overview
• Single fix and flip key considerations
• Single fix and flip analysis, part 1
• Single fix and flip analysis, part 2

9. Case Study #4: Multifamily Analysis

• Multifamily example overview
• Multifamily key considerations
• Multifamily example 1: Fourplex apartment
• Multifamily example 2: 196-unit apartment complex

10. Case Study #5: Multiple Properties Portfolio Analysis

• Multiple properties example overview
• Multiple properties key considerations
• Multiple properties example

Conclusion

• Congrats!