Learn how to purchase apartment communities, shopping centers, and office buildings without any experience.

What you will learn

Learn how you can invest in commercial real estate like the pros

Develop working knowledge of the various roles of the general partnership team

Discover the various ways syndicators make money

Attain working knowledge of fundamental market variables you will need to use to identify the right markets to invest

Learn the basics about SEC Regulation D capital raising rules

Develop a high-level understanding of the syndication process from start to finish

Description

When many people think of real estate investing, the first thing that comes to mind are house flipping TV shows. Other people may recall the horror stories their friends and family told them of land lording, including the calls in the middle of the night, running to the property for lawn care, or attempting to chase down a tenant for past due rent. Investing in real estate does not have to be that demanding on an individual, especially if you select the right assets to invest. If you would like to learn about a better way to invest in real estate then you are in the right place.

Have you ever driven by an apartment community, shopping mall, or office tower and thought “I would love to own one of those?” Many people think they may need millions of dollars in the bank if they want to purchase commercial real estate assets, but that is far from the truth. Most commercial real estate assets are purchased through a syndication model, which is what this course is about.


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In this course, you will be introduced to the syndication process, participants, and develop an understanding of what would need to be done for average working professionals like us to be able to acquire multi-million dollar real estate assets.

English
language

Content

Introduction

Course Introduction
Lecture 2: Meet the Instructor

Module 1: Syndication Basics

Roles in a Syndication
How Syndicators Make Money
Getting Started with Real Estate Syndication with no Experience
Single Class Syndication Structure
Dual Class Syndication Structure

Module 2: Building a Team

Building a Team
How to Find Team Members

Module 3: Market Selection

Real Estate Market Cycles
Emerging Markets
Overview of Seven Critical Market Metrics
Unemployment
Population Growth
Job Diversity
Vacancy Rates
Median Rents
Median Income
New Building Permits

Module 4: Raising Capital

SEC Capital Raising Rules
The Introduction Call
The Follow Up

Module 5: Deal Sourcing

Working with Brokers
Pulling Property Lists from Costar
Skiptracing
Cold Calling
Networking

Module 6: Underwriting

Offering Memorandum
T12
Acid Test
Normalizing Historical Results
Establishing Forward Operating Assumptions
Estimate Property Value
Evaluate Return Metrics

Module 7: Purchase Offer and Negotiation Process

Offer Submission Process
Drafting an LOI
Best and Final

Module 8: Due Diligence and Closing

What is due diligence?
Land and Building
Financials
Renegotiating