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Symon He and Brandon Young

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

Read more

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

Enroll now

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What's inside

Learning objectives

  • Be able to speak intelligently about commercial real estate
  • Understand the key financial concepts for commercial real estate
  • Understand and apply key analysis techniques to commercial real estate
  • Understand the differences between the core asset classes
  • Understand the emerging trends that will shape the future of commercial real estate

Syllabus

Course overview
Welcome
Why Investment Analysis? Part 1 of 2
Why Investment Analysis? Part 2 of 2
Read more
Investment Analysis Process Overview
Check out my latest articles
A quick introduction to foundational concepts in Commercial Real Estate

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.

Foundations: Core Financial Concepts

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

Foundations: Commercial Real Estate Financing

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

Foundations: Spotting Opportunities

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

Foundations: Introduction to Commercial Leases

Learn the common elements shared by most commercial real estate leases

Understand the main types of commercial leases

Foundations: Commercial Real Estate Risks

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

Cap Rate Risk

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

Intro to Case Studies
Introduction to the Investment Model
Industrial Warehouse Example

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

Retail Example

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

Office Example

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

Multifamily Example

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

Specialty Assets

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

Congrats!

Congratulations!

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Appendix: Real Estate Cycles

Intro to real estate market cycles

A discussion of the recovery phase of the cycle

A discussion of the expansion phase of the cycle

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Develops core understanding of commercial real estate, including key financial concepts, analysis techniques, and emerging trends
Appropriate for both beginners and experienced learners interested in commercial real estate investment
Provides a solid foundation in commercial real estate analysis through detailed case studies and financial models
Taught by experienced professionals with extensive knowledge and practical experience in commercial real estate
Covers key concepts and techniques used by commercial real estate professionals
Clear and concise explanations make the content accessible to learners of varying backgrounds

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Reviews summary

Experienced concepts course

Learners say this experienced concepts course helps to understand reality in the commercial real estate sector. One student noted that the concepts in this course were all concepts they had experienced in their one and half years in the real estate sector. Based on this, this course should appeal to students who want to learn more about the real estate sector.
Concepts from the course have been experienced by the student.
"Well, I am really satisfied with the content of this course."
"I have been working in the Real Estate sector for the past one and half years, and all the concepts thaught are experienced by me."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Brief Intro to Commercial Real Estate with these activities:
Read 'The Intelligent Investor' by Benjamin Graham
This classic work provides timeless principles for investing in real estate and other assets.
Show steps
  • Purchase or borrow a copy of the book.
  • Read the book in its entirety.
  • Take notes and highlight key passages.
Connect with Experienced Commercial Real Estate Professionals
Mentors can provide valuable guidance, support, and insights as you navigate the complex world of commercial real estate.
Browse courses on Networking
Show steps
  • Attend industry events and conferences.
  • Reach out to professionals through LinkedIn or email.
  • Be prepared to ask for advice and guidance.
Analyze Real-World Commercial Real Estate Deals
Working through these case studies will provide hands-on experience in applying the concepts you learn in the course.
Browse courses on Case Studies
Show steps
  • Choose a case study from the course materials.
  • Analyze the financials, market data, and other relevant information.
  • Write a brief report summarizing your analysis and insights.
Two other activities
Expand to see all activities and additional details
Show all five activities
Explore Commercial Real Estate News and Trends
Staying up-to-date on industry news will help you understand the current landscape and spot opportunities.
Browse courses on Emerging Trends
Show steps
  • Subscribe to industry publications and websites.
  • Follow thought leaders on social media.
  • Attend webinars and conferences.
Develop a Commercial Real Estate Investment Plan
This project will allow you to apply the concepts you learn in the course to a real-world scenario.
Browse courses on Investment Strategy
Show steps
  • Identify your investment goals and objectives.
  • Research different asset classes and market conditions.
  • Develop a financial model to analyze potential investments.
  • Create a timeline for your investment plan.

Career center

Learners who complete Brief Intro to Commercial Real Estate will develop knowledge and skills that may be useful to these careers:
Real Estate Investment Banker
A Real Estate Investment Banker provides financial advice to real estate companies and investors. This course is useful for those looking to enter this field, as it provides a solid understanding of commercial real estate finance and investment.
Property Manager
Property Manager who oversees the day-to-day operations of commercial properties. This course may be useful for those looking to enter this field, as it provides a solid foundation in the fundamentals of commercial property management.
Real Estate Analyst
A Real Estate Analyst is responsible for gathering and analyzing data on real estate markets, properties, and companies. This course provides a solid foundation in the fundamentals of commercial real estate analysis and provides students with a hands-on approach through the use of custom built investment models.
Real Estate Developer
A Real Estate Developer is responsible for the planning, construction, and management of real estate projects. This course is a good fit for those looking to enter this field, as it provides a comprehensive overview of the commercial real estate market, as well as the financial and legal aspects of real estate development.
Real Estate Consultant
A Real Estate Consultant provides advice and guidance to clients on real estate matters. This course is useful for those looking to enter this field, as it provides a good understanding of the commercial real estate market and the different types of real estate investments.
Real Estate Appraiser
A Real Estate Appraiser determines the value of real property for a variety of reasons, from estate planning and taxation to financing and marketing. This course is useful for those looking to enter this career, as it teaches many of the concepts and terms used in property valuation.
Commercial Property Manager
A Commercial Property Manager is responsible for managing commercial properties, which can be retail, industrial, or office spaces. This course is a good fit for those looking to enter this field, as it teaches the basics of evaluating commercial properties, including financial concepts like Net Operating Income (NOI) and Return on Assets (ROA).
Urban Planner
An Urban Planner develops and implements plans for the use of land and buildings in urban areas. This course may be useful for those looking to enter this field, as it provides a good understanding of the different types of commercial real estate and the factors that affect their development.
Investment Manager
An Investment Manager is responsible for managing investment portfolios for individuals and institutions. This course may be useful for those looking to enter this field, as it provides a solid understanding of commercial real estate finance and investment.
Mortgage Broker
A Mortgage Broker helps borrowers secure financing for real estate purchases. This course may be useful for those looking to enter this field, as it provides a good understanding of commercial real estate financing and the different types of loans available.
Real Estate Lawyer
A Real Estate Lawyer specializes in the legal aspects of real estate transactions. This course is useful for those looking to enter this field, as it provides a good overview of the legal issues involved in commercial real estate transactions.
Financial Analyst
A financial analyst evaluates and analyzes financial data to make investment recommendations and provide guidance in financial decision-making. This course may be useful for those looking to enter this field, as it provides a solid foundation in commercial real estate finance and investment.
Real Estate Agent
A Real Estate Agent, or Realtor, specializes in representing sellers or buyers of property. A good fit for those taking this course, it provides the basics of how to evaluate commercial properties, which can help those new to real estate better examine properties that will fit their needs. It may also be useful for more experienced agents as a refresher, or to learn more about commercial properties outside of their specialty.
Economist
An Economist studies the production, distribution, and consumption of goods and services. This course may be useful for those looking to enter this field, as it provides a good understanding of the economic factors that affect the commercial real estate market.
Real Estate Broker
A Real Estate Broker manages a team of real estate agents, and is also responsible for overseeing the legal contracts and agreements involved with property sales. Similar to real estate agents, this course may be useful for brokers as a refresher on commercial real estate evaluation, or to learn more about commercial properties outside of their specialty.

Reading list

We've selected 15 books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Brief Intro to Commercial Real Estate.
Comprehensive guide to commercial real estate analysis and investment, covering everything from market analysis to due diligence to financing. It valuable resource for anyone looking to invest in commercial real estate.
Practical guide to commercial real estate investing, covering everything from finding and evaluating properties to financing and managing your investments. It valuable resource for anyone looking to get started in commercial real estate investing.
Comprehensive guide to real estate investing. It covers a wide range of topics, including property selection, financing, and management. It valuable resource for anyone who is interested in learning more about real estate investing.
While oriented towards residential real estate, this book provides insights into conducting due diligence, analyzing deals, and managing properties. These fundamentals are also applicable to commercial real estate.
Collection of essays by Donald Trump on real estate investment. It provides insights into Trump's investment philosophy and strategies. It valuable resource for anyone who is interested in learning more about real estate investment from one of the most successful investors in the world.
Many people consider this book as a primer on building wealth through investment. Kiyosaki shares his experiences and insights on investing, real estate, and financial literacy. It valuable read for anyone who is interested in learning more about personal finance and investing.
Classic guide to investing. It provides a framework for making sound investment decisions. It valuable resource for anyone who is interested in learning more about how to invest wisely.
Biography of Warren Buffett. It provides insights into Buffett's投资 philosophy and strategies. It valuable resource for anyone who is interested in learning more about one of the most successful investors in the world.
Guide to investing for the long term. It provides a framework for making sound investment decisions. It valuable resource for anyone who is interested in learning more about how to invest wisely.
Guide to investing for the everyday investor. It provides simple and easy-to-follow advice on how to make sound investment decisions. It valuable resource for anyone who is interested in learning more about how to invest wisely.
Guide to investing for the long term. It provides a step-by-step plan for creating a diversified investment portfolio. It valuable resource for anyone who is interested in learning more about how to invest for the future.
Guide to investing for the beginner. It provides easy-to-follow advice on how to get started investing. It valuable resource for anyone who is interested in learning more about how to invest.
Guide to investing for the everyday person. It provides simple and easy-to-follow advice on how to save money and invest for the future. It valuable resource for anyone who is interested in learning more about how to achieve financial freedom.

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