UPDATE: Instructor Symon He hosts near daily LIVE office hours on TikTok 10:30PM PDT. Find him @SymonHe.
I’m very excited to unveil this brand-new course as part of my ongoing series in real estate investing. Although the course is new, this is not my first course. Just take a look at my thousands of 5-star reviews from my other courses to see the value and commitment I give to my students.
Gregory A. Weinstein on my Multifamily Investment Course- 5 Stars
UPDATE: Instructor Symon He hosts near daily LIVE office hours on TikTok 10:30PM PDT. Find him @SymonHe.
I’m very excited to unveil this brand-new course as part of my ongoing series in real estate investing. Although the course is new, this is not my first course. Just take a look at my thousands of 5-star reviews from my other courses to see the value and commitment I give to my students.
Gregory A. Weinstein on my Multifamily Investment Course- 5 Stars
“Course material is comprehensive, presented in an engaging manner and the modeling tools have real-world applicability making this course valuable. ”
Mark Forest on my ‘Fundamentals of Real Estate Course - 5 Stars
“There is a tremendous amount of information in this course that far surpasses anything else offered by Udemy.
Jason Mora on my ‘How To Analyze Rental Properties Course - 5 Stars
“I'm loving it so far. The content is top notch. The instruction is clear and concise. The pace is perfect and the extra resources are enormously helpful. Well done. ”
The commercial real estate game has long been reserved for big financial institutions and deep-pocked private investors, but not anymore.
With the emergence of crowd-investing platforms and the right investment knowledge, practically anyone can start investing in commercial real estate today.
Including you.
Whether you're new to real estate investing or have dabbled in residential real estate, getting an understanding of commercial real estate can seriously expand your investment horizons. However, you have to have some foundational knowledge before you get started.
With this course, you'll take the first crucial steps toward understanding commercial real estate.
Why should you learn from us?
I have an MBA from Stanford University and have worked on many commercial real estate properties across a dozen asset types in multiple markets. I even helped create the underwriting standards for a 2000-store private restaurant chain, helping them open new locations around the world.
And as a licensed broker and real estate consultant, I've helped many private clients with locating, evaluating, and structuring investment opportunities including multi-million dollar commercial property acquisitions and 1031 exchanges.
My co-instructor, Brandon Young, has a Masters in Real Estate Finance & Development from the University of North Carolina Charlotte as well as a Masters in Finance from Tulane University. He has over a decade of combined financial and real estate experience, including acquisitions and development.
Collectively, through our experience working with real estate private equity funds, private investors, development groups, and working within corporate real estate divisions, Brandon and I have involved commercial real estate deals worth well over $1B in aggregate completion value.
Enroll in this course and you will learn to speak confidently about the core concepts of commercial real estate.
We’ll start you off with simple foundational concepts, using easy-to-follow explanations (on purpose). We'll cover concepts like the replacement cost, highest and best use, absorption, and many key financial concepts critical to understanding commercial real estate.
We'll then dive into more than a dozen detailed case studies inspired by real-world commercial deals we've previously worked on, all paired with custom-built investment models so you can learn by doing, exactly how professionals evaluate commercial deals across a wide range of asset types.
Glenn Levine on my ‘How To Analyze Multifamily Opportunities’ Course - 5 Stars
“The instructor is exceptionally knowledgeable and keeps the course very informative and interesting. ”
Ethan Wong on my ‘Pre-Investing” course - 5 Stars
“Yet another successful course from Symon. Even though I have some experience as an investor, I found this class to be quite valuable. Although I was already quite familiar & comfortable with the course material and topics, the experiences gained from completing the exercises showed me where I have a couple weaknesses in my network. That alone made the class worth my investment…”
This course does assume an understanding of basic real estate investment analysis and is great for those build a solid foundation in commercial real estate as well as those with experience looking for a detailed, but efficient, refresher.
If you want to build a solid foundational knowledge in commercial real estate, this is your course.
What’s holding you back?
Are you afraid this course won’t work? I promise you 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 was 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, enroll today.
We look forward to helping you succeed.
~Symon & Brandon
What is commercial real estate and how is it defined differently from residential real estate?
Primer on the primary commercial real state asset classes.
What is the replacement cost and why does it matter?
What is the highest and best use tenant and why is it important?
Understand the different states of a deal in potential investments.
This lecture provides an overview of the key financial concepts covered in the section
This lecture provides students with an explanation of the capital stack and how it's used in commercial real estate
This lecture covers the various sources of real estate revenue, including rents and miscellaneous items
This lecture provides a breakdown of the most common commercial real estate operating expenses
This lecture provides an overview of the ratio utility billing system and how it's used to create value in commercial real estate
This lecture provides a definition and formula for net operating income, a key financial metric in commercial real estate
This lecture introduces real estate capital expenditures and how they differ from operating expenses
This lecture shows students how to calculate the gross rent multiplier and describes when to use it in commercial real estate
This lecture defines commercial real estate vacancy and describes the two types, economic and physical
This lecture introduces the commercial real estate rent roll and how it can be used to create value
This lecture defines bad debts and delinquencies and how they are applicable to commercial real estate
This lecture provides a definition of debt service and walks students through a debt service calculation
This lecture discusses cash flow, one of the most important aspects of commercial real estate - we cover the two types, levered and un-levered
This lecture walks students through the return on assets formula and describes how it's used in commercial real estate
This lecture provides an overview of cash-on-cash return and how to calculate it
This lecture defines capitalization rate and describes how it's used in commercial real estate
The lecture provides an overview of the sources and uses statement
This lecture provides an overview of replacement reserve and describes how it should be calculated
This lecture provides an overview of carried or promoted interest and how it's utilized in commercial real estate deal structuring
This lecture introduces the primary types of commercial real estate loans
This lecture provides an overview of construction loans and how / when they are used
This lecture provides an overview of permanent loans and how / when they are used
This lecture provides an overview of refinancing loans and how / when they are used
This lecture provides an overview of mezzanine or bridge loans and how / when they are used
Discussion on what commercial lenders are looking for when they are evaluating a loan application
This lecture provides a definition of loan to value (LTV) and describes how the ratio is used in commercial real estate
This lecture provides a definition of loan to cost (LTC) and describes how the ratio is used in commercial real estate
This lecture provides a definition of debt service coverage ratio (DSCR) and describes how the ratio is used in commercial real estate
This lecture provides a definition of debt yield and describes how the ratio is used in commercial real estate
Walk through on how to calculate the maximum eligible loan amount for a commercial property
This lecture introduces the section on how to spot commercial real estate opportunities
This lecture describes how city planning can be used to spot commercial real estate opportunities
This lecture describes how land use and zoning can be used to spot commercial real estate opportunities
This lecture describes how demographic trends can be used to spot commercial real estate opportunities
This lecture describes how job and employment numbers can be used to spot commercial real estate opportunities
This lecture describes how approved projects can be used to spot commercial real estate opportunities
Learn the common elements shared by most commercial real estate leases
Understand the main types of commercial leases
Introduction to the top 10 risks found in commercial real estate
This lecture describes sponsor risk and how it impacts commercial real estate projects
This lecture describes debt risk and how it impacts commercial real estate projects
This lecture describes tenant risk and how it impacts commercial real estate projects
This lecture describes leasing risk and how it impacts commercial real estate projects
This lecture describes physical asset risk and how it impacts commercial real estate projects
This lecture describes entitlement risk and how it impacts commercial real estate projects
This lecture describes construction risk and how it impacts commercial real estate projects
This lecture describes market risk and how it impacts commercial real estate projects
This lecture describes geographic risk and how it impacts commercial real estate projects
A brief overview of the industrial asset class
A case study of a warehouse subdivision
A case study of a warehouse portfolio acquisition and stabilization
Overview of the retail asset class
A case study example of a simple strip retail acquisition and stabilization.
Case study of a supermarket anchored retail acquisition
Case study of a mixed-use retail development project
Overview of the office asset class
Case study of a simple neighborhood office acquisition
Case study of a high rise downtown office acquisition and lease-up
Case study of a build to suit medical office park development project
Overview of multifamily case study
Case study involving a low initial renovation but high finishing renovation
Case study involving a high initial renovation but low finishing renovation
Introduction to specialty and operating assets
Case study of a self storage development and stabilization project.
Case study of an economy hotel development and stabilization project
Case study of a parking garage development and stabilization
Case study of a land banking investment strategy
Congratulations!
I want to introduce you to a new tool I'm using to quickly analyze wholesale deals, long-term rentals, BRRRR’s, and flips. I’ve been using DealCheck (dealcheck.io) for about a year now to:
Organize all of the properties I’m looking at
Automatically import comparable sales/rental, tax, and insurance data
Input rehab and financing costs
Determine MAO (maximum allowable offer)
Generate a proforma to share with lenders and investors
And more...
Even though I have the ability to create advanced financial models in Excel, I probably end up using DealCheck about 95% of the time to screen and underwrite my residential deals. It’s simple, fast, and they have a mobile app.
There's a free plan, which is fantastic. Use the discount code BRANDON for a 20% discount if you decide to sign up for one of the paid plans.
Intro to real estate market cycles
A discussion of the recovery phase of the cycle
A discussion of the expansion phase of the cycle
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