How To Underwrite Multifamily Real Estate Investments

Learn Multifamily Real Estate Investment Underwriting in a Snap!
What you'll learn
Learn how to perform a quick property analysis to determine whether you should look further
Build out monthly cash flow model and roll up into annual cash flows
Understand IRR and its limitations
Calculate mortgage payments, payoff amounts, interest only payments, and more
Understand how partnership waterfalls are constructed and differentiate between project and partnership-level returns
Requirements
None
Description
Welcome to the Multifamily Real Estate Underwriting mastery course. If you are new to real estate investment underwriting and would like to develop working knowledge and skills so that you can quickly begin underwriting properties, then you are in the right place. This course is going to focus on steps of the underwriting process beginning with receiving an offering memorandum, T-12, and rent foll all the way up to the point of deciding whether to send an LOI to a seller. While I will provide you with some useful Excel formulas, the focus of this course is going to be on understanding of both conceptual and applied underwriting for multifamily versus "building Excel models from scratch." For those of you more adept with using Microsoft Excel, you can deconstruct the completed model in the final lesson and create your own from scratch using concepts taught in this course.You will find the format of this course consists of both video and written text lectures that have many downloadable files you can use for practice.This course is divided into the following lessons:· Lesson 1: Overview and Valuation Basics· Lesson 2: Deal Underwriting: Quick Analysis· Lesson 3: DCF (Income Approach)· Lesson 4: Real Estate Debt· Lesson 5: Partnership Cash Flows
Overview
Section 1: Introduction and Valuation Basics
Lecture 1 Meet the Instructor
Lecture 2 How to Use this Course
Lecture 3 What is Underwriting - Video
Lecture 4 What is Underwriting
Lecture 5 Three Ways to Value an Asset
Section 2: Deal Underwriting - Quick Analysis
Lecture 6 What is the quick analysis?
Lecture 7 The Offering Memorandum
Lecture 8 Offering Memorandum (OM) Walk through Video
Lecture 9 T-12 & Rent Roll
Lecture 10 Quick Analysis Video
Section 3: DCF - Income Approach
Lecture 11 The Time Value of Money
Lecture 12 The Discount Rate
Lecture 13 Discount Rate Video
Lecture 14 The Present Value of Cash Flows
Lecture 15 Net Present Value
Lecture 16 Internal Rate of Return (IRR)
Lecture 17 10-Year CF Forecast Video 1
Lecture 18 10-Year CF Forecast Video 2
Lecture 19 Investment Returns
Lecture 20 Real VS Nominal Returns
Lecture 21 Time Value of Money Video
Section 4: Real Estate Debt
Lecture 22 What is the capital stack?
Lecture 23 Amortization and Interest Only Loans
Lecture 24 Loan Sizing
Lecture 25 Levered Cash Flows
Section 5: Equity Waterfalls
Lecture 26 What is a partnership waterfall?
Lecture 27 General Partnership Compensation
Lecture 28 Partnership Cash Flows Video
Beginning real estate analysts, underwriters, or investors.
Homepage

https://www.udemy.com/course/how-to-underwrite-multifamily-real-estate-investments/