Commercial Real Estate Investing 101

The Comprehensive Beginner's Guide to Apartment, Retail, Office, and Industrial Real Estate Investing

Last updated 2022-01-10 | 4.7

- Build the foundational knowledge and skill set to land a lucrative job in commercial real estate investing
- Confidently analyze commercial real estate properties to purchase on their own or with partners
- Understand the key real estate investment metrics sophisticated real estate investors use to analyze deals

What you'll learn

Build the foundational knowledge and skill set to land a lucrative job in commercial real estate investing
Confidently analyze commercial real estate properties to purchase on their own or with partners
Understand the key real estate investment metrics sophisticated real estate investors use to analyze deals
Know how to use debt and equity to acquire properties and earn outsized returns on your initial investment

* Requirements

* Students should have a basic understanding of Microsoft Excel. No other prerequisites required!

Description

Interested in commercial real estate investing, but don't really know where to start? Built by an instructor with over $1.5 billion of commercial real estate transaction experience, this course was designed to take you from complete beginner with no knowledge of the business to a comprehensive understanding of the many components of commercial real estate investing so you can do your first deal, land a lucrative new career opportunity, or both.

This course was created to help our students:

  • Land a high-paying job in commercial real estate investing - Commercial real estate investing can be an incredibly lucrative business, on a much larger scale than flipping houses or buying single family residences to rent. This course will provide you with the building blocks of understanding how to analyze, purchase, and manage commercial real estate properties using the knowledge and techniques of some of the strongest institutional investors in the industry. 

  • Invest as a passive Limited Partner in large, high profit-potential deals - Commercial real estate investments are generally complex and difficult to understand for those without a strong background in institutional investing. This course will give you a leg up on the competition so when a friend, family member, or colleague comes to you with a real estate investment opportunity, you can evaluate the deal and either decline or invest with confidence.

  • Raise money from investors to buy a commercial real estate property - Entering into 2020, we are seeing the hottest US housing market in over a decade, which has resulted in single family house flippers flooding the market and bidding up prices. Small, private commercial real estate investors targeting apartment buildings, retail shopping centers, office buildings and industrial properties are able to fly under the radar, drastically reducing competition for great deals.

This course includes graduate-level content which is taught every year in the top MBA and Master's in Real Estate programs across the globe, practically applied to real life scenarios and case studies in the commercial real estate investing industry.

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

★★★★★ "Awesome class. Engaging & real life application. Examples are well thought out and leave you wanting to learn more. On to the next 2 classes by Justin! Great teacher."

★★★★★ "This course is PERFECT. It covers everything you need to know about CRE and it is organized in a very clean and logic way. Mr Kivel makes you understand the subject of the course easily, it is almost magic! Thank you, this is the most useful course I've done so far."

★★★★★ "This course is spot on! With almost no commercial real estate background, I really needed a deep dive into this topic that was easy to understand and absorb and this course delivered. I'm really impressed by the models and the instructor's depth of knowledge and clarity of explanations. Looking forward to his future courses!"


If you're looking to learn about commercial real estate investing to build wealth, improve your career, or create additional income streams, you've come to the right place.  Join us!

Who this course is for:

  • College students, graduate students, or career switchers who are looking to land a lucrative job in commercial real estate investment
  • Real estate agents and property managers who want to expand their existing skill set to add value to their existing client base, attract investor clients, invest on their own, and increase their overall compensation
  • Current real estate investors who want to buy bigger deals with more profit potential than 1-4 unit residential properties
  • Investors who want to grow their wealth and create passive income through intelligent Limited Partner investing in large commercial real estate deals

Course content

14 sections • 84 lectures

Welcome! Preview 04:23

Who This Course Is For Preview 02:20

About The Instructor & Student Successes Preview 03:08

CRE Investing 101 Resources File - Download First! Preview 00:13

Disclaimer Preview 01:23

Retail Overview Preview 03:09

Retail Property Types Preview 03:49

Office Overview Preview 01:56

Office Property Types Preview 04:14

Multifamily Overview Preview 02:15

Multifamily Property Types Preview 03:07

Industrial Overview Preview 01:29

Industrial Property Types Preview 02:51

Hotel Overview Preview 01:23

Hotel Property Types Preview 02:06

Specialty Product Types Overview Preview 01:14

Specialty Property Types Preview 06:16

Measuring CRE - An Overview Preview 03:20

The Stacking Plan Preview 01:54

The Pro Rata Share Calculation Preview 03:28

Introduction To Commercial Real Estate Leases Preview 04:25

Triple Net (NNN) Preview 02:09

Full Service Gross Preview 00:49

Modified Gross Preview 02:01

The Base Year Stop Preview 03:42

Percentage Rent Preview 02:39

Percentage Rent Exercise & Solution Preview 02:30

Leasing Costs Preview 02:30

LCs & TI Allowances Exercise & Solution Preview 03:14

Other Key Lease Terms Preview 03:06

Gross Potential Rent (GPR) Preview 01:27

Physical vs. Economic Vacancy Preview 01:53

Expense Reimbursements, Caps, & Fees Preview 02:43

Controllable Expenses Preview 02:04

Non-Controllable Expenses Preview 01:41

Utilities & RUBS Preview 01:09

Property Management Fees Preview 01:50

Tenant Improvements (TI) Allowances Preview 02:32

Leasing Commissions Preview 02:05

The Capital Expense (CapEx) Reserve Preview 02:40

Sourcing The Loan Preview 01:47

Key CRE Loan Terms Preview 03:15

Loan Amortization vs. Term Preview 04:18

CRE Interest Rates Explained Preview 02:33

The Interest-Only (I/O) Period Preview 01:51

Future Funding & "Good News" Money Preview 01:28

Prepayment Penalties Preview 03:39

Loan Covenants Preview 02:38

Mezzanine Debt Preview 02:31

Preferred Equity Preview 01:51

Loan Sizing (& How It Works) Preview 01:13

The Loan-To-Value (LTV) Ratio Preview 02:01

The Loan-To-Cost (LTC) Ratio Preview 01:45

The Debt Service Coverage Ratio (DSCR) Preview 06:02

The Debt Yield Preview 01:45

Loan Sizing Based on Multiple Constraints Preview 01:48

How Debt Magnifies Returns Preview 05:11

The Capitalization (Cap) Rate Preview 03:00

Cap Rate Exercise & Solution Preview 05:11

The Cash-on-Cash Return Preview 01:42

Cash-on-Cash Exercise & Solution Preview 05:11

The Internal Rate of Return (IRR) Preview 02:23

IRR Exercise & Solution Preview 02:56

The Equity Multiple Preview 01:28

Equity Multiple Exercise & Solution Preview 03:16

The Real Estate Financial Analysis Framework Preview 02:21

Making Operating & Sale Assumptions Preview 03:19

Projecting Reversion (Sale) Value Preview 05:10

Target Return Metric Valuation Preview 04:37

Capital Risk Buckets Preview 03:15

Capital Risk Buckets Walkthrough Preview 04:25

Why All Cap Rates Are Not Created Equal Preview 04:37

A Breakdown of JV Partnerships Preview 02:45

Partnership Fee Structures Preview 02:32

Equity Waterfall Structures Preview 02:29

The Math Behind Equity Waterfalls Preview 01:44

Equity Waterfall Excel Walkthrough Preview 03:36

Modeling Income Taxes Preview 02:18

Interest & Depreciation Expense Preview 03:07

After-Tax Analysis Excel Walkthrough Preview 05:26

The 1031 Exchange Preview 02:07

The Cash-Out Refinance Preview 03:56

Bonus Lecture - The Next Step Preview 00:34