The Complete Guide To Analyzing Single Family Rental Homes from Udemy

Welcome to The Complete Guide To Analyzing Single Family Rental Homes.

If you’re looking to get into the real estate game and you want to start by investing in single family properties, but you’re not sure exactly where to get started or how to evaluate these deals, this course will walk you step-by-step through the entire underwriting and analysis process for single family rental homes.

By the end of this class, you'll have a framework for how to analyze single family investment opportunities using the same investment principles used by some of the largest real estate investment firms in the world, and you'll also have access to a complete, done-for-you single family home acquisition model that's available for download directly in the course.

If you don't know me already, my name is Justin Kivel, and I run a company called Break Into CRE. Since we started back in 2019, we've helped tens of thousands of students learn real estate investment analysis and financial modeling, and throughout my own real estate career, I've also worked on over $1.5 billion of closed investment transactions.

This course was designed to take the best practices I learned from working for and with some of the largest and most sophisticated real estate investment firms throughout the entire industry, and to apply those same analysis techniques to underwriting deals and identifying single family investment opportunities.

In this course, a few of the topics we'll cover include:

Single-family home investment strategies
Key real estate investment metrics
How to conduct market research (using free online resources)
How to make rent growth, expense growth, and value growth assumptions over time
How to run a hold, sell, and refinance analysis
How to incorporate income taxes into a real estate financial model
How to analyze deals based on market research, property data, and return targets

We'll even end the course with two single family home acquisition case studies, so you can actually apply everything you've learned before you even finish the course.

If you've ever thought about buying a single-family rental property in the past but just haven't known where to get started (or how to go about analyzing deals in the first place), this course is going to walk you step-by-step through that entire process. So if you're ready to get started, I'd love to see you in the class - go ahead and click that "Buy Now" button, and I'll see you on the inside of the course.

What's inside

Learning objectives

How to analyze returns for single family rental house purchases
How to compare sfr investment metrics to stocks, bonds, and other investment vehicles
How to perform a "cash-out" refinance to recycle capital and buy multiple properties

The three key investment metrics you need to know as a real estate investor
How to find (free) market data to make operating and cash flow projections and model deals

How to analyze returns for single family rental house purchases
How to compare sfr investment metrics to stocks, bonds, and other investment vehicles
How to perform a "cash-out" refinance to recycle capital and buy multiple properties
The three key investment metrics you need to know as a real estate investor
How to find (free) market data to make operating and cash flow projections and model deals

Syllabus

Students will be introduced to this course on single family home investment analysis in this section.

Welcome!

Who This Course Is For

About The Instructor

Download Me First

Disclaimer

Students will learn the process of investing in a single family rental home in this section.

Single Family Home Investing Overview

SFR Financials & The Cash Flow Statement

Key SFR Return Metrics

SFR Return Metrics - Excel Exercise

Target Return Metric Valuation

The Pros (& Cons) of Single Family Home Investments

SFR Investment Strategies Overview

The "Done-For-You" Strategy

The "Do It Yourself" Strategy

The "Free & Clear" Strategy

Cash Flow vs. Appreciation

Short-Term vs. Long-Term Rentals

Students will learn the real estate market selection process in this section of the course.

Market Selection Overview

Supply & Demand Dynamics

U.S. Census Data Walkthrough

Other Considerations

Students will learn the process of analyzing single family rental homes in this section of the course.

Single Family Home Acquisition Analysis Overview

Free Data Resources

Underwriting Market Rent

Underwriting Vacancy

Underwriting Market Value

Underwriting Expense Growth

Underwriting Capital Costs & Debt Financing

The "Rent vs. Buy" Analysis

Scenario Analysis

Students will learn the process of purchasing a single family rental home in this section of the course.

The SFR Acquisition Process Overview

The Offer & Contract

Escrow & Due Diligence

Closing

Students will learn key single family home asset management considerations in this section of the course.

Choosing a Property Manager

Asset Management

Students will learn single family home exit strategies in this section of the course.

Outright Sale (Pros & Cons)

Refinancing (Pros & Cons)

Hold-Sell-Refinance Analysis

Students will learn key income tax considerations to consider when investing in single family rental homes.

Calculating Taxable Income

Taxable Income Excel Exercise

The 1031 Exchange

Students will walk through the SFR Acquisition Model in this section of the course.

The Summary Tab

The Revenue & Expenses Tab

The Construction Budget Tab

The Monthly CF, Annual CF, Financing, & Checks Tabs

Students will complete an acquisition case study of a turnkey single family home in this section of the course.

Acquisition Case Study Data Overview

Property Taxes

Vacancy, Rent, & Value Growth

Building Out The Acquisition Model - Part 1

Building Out The Acquisition Model - Part 2

Students will complete a single family home acquisition case study including a renovation component in this section of the course.

Building Out The Acquisition Model - Part 3

Students will learn what to do next after completing the course.

Wrapping Up

Bonus Lecture

Bonus Lecture - The Next Step

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Examines methods for identifying, analyzing, and underwriting single-family rental properties

Taught by an instructor with over $1.5 billion in closed real estate investment transactions

Suitable for those looking to start investing in single-family properties but have limited experience

Offers a step-by-step approach to real estate investment analysis for single-family homes

Provides a model for analyzing deals that can be used for practical application

Covers key metrics and concepts for evaluating single-family rental investments, which may be useful for beginners

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 The Complete Guide To Analyzing Single Family Rental Homes with these activities:

Practice calculating key financial metrics for single-family homes

Show steps

Solving practice problems and examples can improve your accuracy and understanding of key financial metrics used in real estate investing.

Show steps

Find five examples of single-family homes for sale in your local area and calculate the cash-on-cash return for each property.
Calculate the cap rate for each property.
Identify the property with the highest cash-on-cash return and explain your reasoning.

Show all one activities

Career center

Learners who complete The Complete Guide To Analyzing Single Family Rental Homes will develop knowledge and skills that may be useful to these careers:

Analyst

Analysts are responsible for collecting and analyzing data to help companies make informed decisions. Real estate Analysts, in particular, analyze market trends, conduct financial modeling, and provide recommendations on investment properties. Taking this course can help you develop the skills you need to succeed in this role, such as how to analyze real estate markets, evaluate the financial performance of properties, and make sound investment decisions.

See salaries and explore the career path for Analyst

Real Estate Agent

Real estate agents advise clients on buying, selling, and renting properties. They must have a deep understanding of the real estate market and be able to provide expert guidance to their clients. Taking this course can help you gain the knowledge and skills you need to succeed as a real estate agent, such as how to analyze market trends, evaluate the value of properties, and negotiate contracts.

See salaries and explore the career path for Real Estate Agent

Mortgage Broker

Mortgage brokers help borrowers secure financing for their homes. They must have a strong understanding of the mortgage market and be able to guide borrowers through the loan process. Taking this course can help you develop the skills and knowledge you need to succeed as a mortgage broker, such as how to analyze borrowers' financial profiles, evaluate different loan products, and negotiate loan terms with banks.

See salaries and explore the career path for Mortgage Broker

Property Manager

Property managers oversee the day-to-day operations of residential and commercial properties. They must have a strong understanding of property maintenance, tenant relations, and financial management. Taking this course can help you develop the skills you need to succeed as a property manager, such as how to manage budgets, maintain properties, and deal with tenants.

See salaries and explore the career path for Property Manager

Property Tax Assessor

Property tax assessors determine the value of properties for tax purposes. They must have a strong understanding of real estate markets and appraisal methodologies. Taking this course can help you develop the skills you need to succeed as a property tax assessor, such as how to analyze market data, evaluate property features, and write appraisal reports.

See salaries and explore the career path for Property Tax Assessor

Loan Officer

Loan officers assist borrowers with obtaining loans for a variety of purposes, such as buying a home or starting a business. They must have a strong understanding of the lending process and be able to evaluate borrowers' financial profiles. Taking this course can help you develop the skills you need to succeed as a loan officer, such as how to analyze loan applications, underwrite loans, and close deals.

See salaries and explore the career path for Loan Officer

Real Estate Appraiser

Real estate appraisers determine the value of properties for a variety of purposes, such as mortgages, insurance, and estate planning. They must have a strong understanding of real estate markets and appraisal methodologies. Taking this course can help you develop the skills you need to succeed as a real estate appraiser, such as how to analyze market data, evaluate property features, and write appraisal reports.

See salaries and explore the career path for Real Estate Appraiser

Commercial Real Estate Agent

Commercial real estate agents help businesses and investors buy, sell, and lease commercial properties. They must have a deep understanding of the commercial real estate market and be able to provide expert guidance to their clients. Taking this course can help you gain the knowledge and skills you need to succeed as a commercial real estate agent, such as how to analyze market trends, evaluate the value of commercial properties, and negotiate contracts.

See salaries and explore the career path for Commercial Real Estate Agent

Development Analyst

Development analysts evaluate the feasibility of real estate development projects. They must have a strong understanding of real estate markets, financial modeling, and construction costs. Taking this course can help you develop the skills you need to succeed as a development analyst, such as how to analyze market demand, assess the financial viability of projects, and manage development timelines.

See salaries and explore the career path for Development Analyst

Financial Analyst

Financial analysts evaluate the financial performance of companies and make recommendations to investors. They must have a strong understanding of financial markets and accounting principles. Taking this course can help you develop the skills you need to succeed as a financial analyst, such as how to analyze financial statements, build financial models, and make investment recommendations.

See salaries and explore the career path for Financial Analyst

Risk Analyst

Risk analysts evaluate the risks associated with investments and make recommendations to clients. They must have a strong understanding of financial markets and risk management principles. Taking this course can help you develop the skills you need to succeed as a risk analyst, such as how to identify and assess risks, develop risk mitigation strategies, and make investment recommendations.

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Investment Analyst

Investment analysts evaluate the performance of investment portfolios and make recommendations to clients. They must have a strong understanding of financial markets and investment strategies. Taking this course can help you develop the skills you need to succeed as an investment analyst, such as how to analyze financial statements, evaluate investment opportunities, and make investment recommendations.

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Asset Manager

Asset managers oversee the management of investment portfolios. They must have a strong understanding of financial markets and investment strategies. Taking this course can help you develop the skills you need to succeed as an asset manager, such as how to build investment portfolios, manage risk, and achieve investment goals.

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Portfolio Manager

Portfolio managers oversee the management of investment portfolios. They must have a strong understanding of financial markets and investment strategies. Taking this course can help you develop the skills you need to succeed as a portfolio manager, such as how to build investment portfolios, manage risk, and achieve investment goals.

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Underwriter

Underwriters evaluate the risk of loans and make decisions on whether or not to approve them. They must have a strong understanding of financial markets and lending principles. Taking this course can help you develop the skills you need to succeed as an underwriter, such as how to analyze financial statements, assess borrowers' creditworthiness, and make lending decisions.

See salaries and explore the career path for Underwriter