Multifamily Real Estate Masters

The Step-By-Step Guide To Analyzing and Acquiring Multifamily Properties

Last updated 2022-01-10 | 4.8

- Confidently analyze multifamily real estate investment opportunities using professional real estate financial modeling analysis techniques and metrics
- Have a multi-tab multifamily acquisition model for analyzing new multifamily real estate investments

What you'll learn

Confidently analyze multifamily real estate investment opportunities using professional real estate financial modeling analysis techniques and metrics
Have a multi-tab multifamily acquisition model for analyzing new multifamily real estate investments

* Requirements

* Access to Microsoft Excel software for PC or Mac or Google Sheets is recommended

Description

Interested in multifamily real estate investing? Whether you're looking to build another cash flow stream into your portfolio or want to break into the real estate private equity industry in your career, this course will teach you the key professional analysis techniques to go into your next deal or job interview with the skill-set of the best multifamily real estate investors in the world. After taking this course, you'll be able to:

  • Confidently analyze a multifamily deal using institutional-quality analysis techniques to come up with a crystal clear valuation of a potential multifamily acquisition.

  • Invest passively in multifamily deals with the ability to confidently analyze deals and choose the winners over the losers.

  • Land a lucrative career opportunity in multifamily real estate investment finance, making great money while investing in deals and building your multifamily investment portfolio on the side or with your current company. According to CEL & Associates, the 2021 median total compensation for a multifamily acquisitions associate was $125K.

Multifamily real estate investing can significantly build your wealth and passive cash flow, but you have to be able to know how to buy the right deals at the right prices. This course was designed to start you with the basics of real estate finance and move all the way through the most advanced multifamily analysis techniques used by the world's most experienced real estate investors. Ultimately, this course will teach you how to make well-educated, smart investment decisions so you can maximize your wealth-building with the minimum amount of risk involved. 


Here's what some of our students have had to say:

★★★★★ "Wow, Just wow. This is my 3rd class with Justin, and this one might be the best. This was an awesome class that guided me through the entire process of acquiring a Multifamily Property. I cannot say enough about Justin and his teaching acumen. I learned so much in this class that I do not even know where to begin. The templates he provides are insane and are ready-made for anyone who wants to engage in MF investing. Thank you for this awesome class, Justin."

★★★★★ "Justin is a versed instructor of real estate who implements contextualization (ex: Excel spreadsheets) to drive his points home in the most concise and precise manner. His lessons are all relevant to today's real estate market and are interesting as well. He took a difficult and dry subject such as investment metrics and brought it to life making it something very easy to comprehend. I highly recommend him."

★★★★★ "Justin explains everything very clearly and is very knowledgeable in the topics. I love how he has exercises for the students to complete. Very organized and exactly what I was looking for! Highly recommend"

★★★★★ "This course is absolutely stellar! Justin really knows how to break complex ideas and get to the core of what matters when investing in multifamily real estate. I have minimal background in finance, but I found this course to be accessible, easy to follow and well-structured. Thank you, Justin!"

★★★★★ "Justin did it again! This course is an excellent course for anybody interested in multifamily real estate. The course content is comprehensive and the presentation of the material is clear and easy to understand. The fully built out excel template multifamily model that comes with the course is institutional grade. The value of this course far exceeds the cost and the time spent going through the course material is well worth."

★★★★★"This is the best real estate investing course I've taken on Udemy. I am an experienced real estate developer and investor, and I found this course spot on!"

★★★★★ "Best real estate investing courses on Udemy! Justin does a great job of breaking things down into bite sized pieces, that make it easy to learn and follow. His teaching style, ability to breakdown complex ideas and the resources help you through everything step by step, rather than just showing you how to use the pre-built model."

★★★★"I have been an avid passive investor in multifamily syndications for a few years now. This course not only sharpened my perspective as a limited partner, but also provided me an understanding of a deal from both a sponsor and lender's point of view. Justin's comprehensive course material and ability to communicate 'technical' information to a potentially non-technical audience is proof of his expertise in the MF area. I look forward to any future courses that he may teach."


Enroll today and get started on your multifamily investing journey. Looking forward to having you in the course!

Who this course is for:

  • Aspiring multifamily real estate investors looking to buy their first deal
  • Single-family home investors who want to go bigger with their real estate investments and buy a multi-unit property
  • College or graduate students or career switchers looking to break into private equity real estate and multifamily real estate investing

Course content

12 sections • 80 lectures

What We Will Cover Preview 03:38

This lesson will set the groundwork for what we will cover in the course.

Who This Course Is For Preview Processing..

About The Instructor Preview 01:52

Download Me First Preview 00:12

Disclaimer Preview 01:23

Multifamily Overview Preview 02:57

A brief overview of multifamily real estate investing from a high level, starting with the makeup of a multifamily property.

Who Invests in Multifamily Preview 02:35

Who are multifamily real estate investors? We'll cover the main players in the industry in this lesson.

Multifamily Investing Benefits Preview 02:37

Why would someone consider multifamily real estate investing as an investment alternative over the infinite number of other investment vehicles out there? We'll cover that in this lesson.

Buying a Multifamily Deal Step-By-Step Preview 05:33

What are the actual steps to investing in a multifamily property? This lesson will go over the entire timeline from start to finish.

The Multifamily Underwriting Process Preview 03:40

How do you actually analyze a multifamily deal? What goes into multifamily real estate financial modeling to value a property? This lesson will walk you through the multifamily underwriting process.

Real Estate Financial Modeling Best Practices Preview 03:19

What's the first step to creating a multifamily real estate financial model? Making sure you know the best practices used in the industry is a great place to start. We cover these best practices in this lesson.

Multifamily Cap Rates Preview 04:19

How do you calculate a cap rate in multifamily real estate investing? We'll cover that in this lesson.

Cap Rates Exercise & Solution Preview 04:55

How do you calculate a multifamily real estate cap rate in Excel? Check out this lecture for an example.

How To Calculate Cash-on-Cash Returns Preview 02:05

Cash-on-Cash Returns Exercise & Solution Preview 04:24

Internal Rate of Return (IRR) Calculations Preview 03:02

IRR Exercise & Solution Preview 04:52

Equity Multiple Preview 01:16

Equity Multiple Exercise & Solution Preview 02:47

LTV & LTC Preview 01:44

LTV & LTC Exercise & Solution Preview 02:49

DSCR & Debt Yield Preview Processing..

DSCR & Debt Yield Exercise & Solution Preview 03:11

Risks Preview 04:41

Risks Sensitivity Exercise Preview 05:58

Multifamily Deal Opportunities Preview 02:56

Opportunities Excel Exercise Preview 03:18

Risk-Adjusted Return Requirements Preview 01:38

Multifamily Capital Risk Buckets Preview 08:06

Understanding Markets Preview 06:52

The Competitive Set Preview 05:48

The Multifamily Unit Mix Preview 02:14

Unit Mix Modeling & Weighted Averages Preview 04:13

Unit Type Analysis Preview 03:15

Other Income & Excel Exercise Preview 05:51

Rent Growth Preview 04:34

Annual Rent Growth Excel Analysis Preview 04:46

Rent vs. Buy Analysis Preview 04:50

Vacancy Analysis Preview 03:12

Multifamily Operating Expenses Overview Preview 02:30

Property Management Fees Preview 01:54

Personnel & G&A Preview 01:30

Marketing & Turnover Expenses Preview 02:37

R&M & Contract Services Preview 01:17

Utilities & Reimbursements Preview 01:59

Property Taxes & Insurance Preview 02:36

CapEx Reserve Preview Processing..

The Effect of Expenses on Returns Preview 03:27

The Multifamily Capital Stack Preview 05:07

The Cost of Capital Preview 05:21

Multifamily Syndication & Fee Structures Preview 03:18

The Multifamily Waterfall Framework Preview 04:05

The Effect of Partnership Fees on Returns Preview 03:51

Multifamily Waterfall Structures Preview 06:45

Multifamily Underwriting - Introduction Preview 01:07

What Is Underwriting Preview 01:51

Multifamily Property Density Preview 03:16

The Effects of Unit Square Footage Preview 02:14

Underwriting Multifamily Revenue Drivers Preview 01:34

Underwriting Multifamily Expenses Preview 01:52

Exit & Sale Underwriting Preview 02:33

Multifamily Acquisition Model Overview Preview 00:34

The Summary Tab Preview 06:21

The Revenue Tab Preview 03:40

The Expenses Tab Preview 04:23

The Monthly & Annual CF Tabs Preview 03:58

The Equity Waterfall & Debt Tabs Preview 01:55

The Construction Budget & Checks Tabs Preview 02:50

Multifamily Acquisition Case Study Introduction Preview 01:22

Case Study Walkthrough Preview 05:30

Building Out The Summary Tab Preview 07:14

Building Out The Revenue Tab Preview 10:11

Rent Data Resources Preview 00:09

Building Out The Expenses Tab Preview 08:05

Building Out The Construction Budget Preview 06:00

Finalizing The Valuation Preview 05:34

Wrapping Up - Rules of Thumb Preview 03:45

How To Use This Information Preview 01:43

Where To Go From Here Preview 01:46

Bonus Lecture - The Next Step Preview 00:34