Welcome to Investment Analysis Fundamentals! We’re excited to have you on board. Here’s a brief outline of what we’ll cover:
The CRE Landscape. This module contains an overview of the different types and categories of commercial real estate, the CRE market cycle, the basic structure of the capital markets, and types of CRE financial analysis.
Deconstructing the CRE Proforma. This module contains an introduction to the real estate cash flow model, a step-by-step look at the real estate proforma, an example before tax cash flow calculation, and how to estimate sales proceeds.
Simple Measures of Investment Performance. An in depth look at the gross rent multiplier, the cap rate, and the cash on cash return, which includes detailed calculations and interpretation for a sample investment property.
Time Value of Money Crash Course. A complete mini-course on the time value of money. Includes a discussion of why money has time value, the 5 components of all time value of money problems, how to solve the most common time value of money problems, strategies for solving any time value of money problem, and done-for-you Excel templates.
Mastering Discounted Cash Flow Analysis. An in depth look at the internal rate of return and the net present value, step-by-step. Includes complete discounted cash flow analysis for a sample investment property and done-for-you Excel templates.
How CRE Loans Work. An overview of the 3 different types of leverage, the commercial loan underwriting process, the components common to all loan structures, how to calculate loan payments, balloon payments, loan points, lender’s yield, and more. Includes a done-for-you Excel template for comparing multiple loan offers from different lenders, as well as a levered analysis for a sample investment property.
Office Building Case Study. Complete video walkthrough of a multi-tenant office building investment analysis. Includes a 5-year proforma, calculation and interpretation of 5 different ratios, as well as a complete levered and unlevered discounted cash flow analysis. Also includes a fully unlocked Excel model that you can use at any time.
Remember, you have lifetime access to this material. This means you can come back and revisit it at any time. So take advantage of this and don’t feel like you have to absorb it all in one sitting.
Don’t Skip This Part
We will be updating and adding to the course based on your questions and feedback. Please fill out the surveys for each module. Don’t skip this!