The Complete Guide To Multifamily Real Estate Investing

Justin Kivel

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79 Lessons (4h 29m)
    • 1. What We Will Cover

      3:38
    • 2. Who This Course Is For

      2:17
    • 3. About Me

      1:52
    • 4. The Makeup of a Multifamily Property

      2:57
    • 5. Who Invests in Multifamily

      2:35
    • 6. Multifamily Investment Benefits

      2:37
    • 7. Buying a Multifamily Property Step by Step

      5:33
    • 8. The Multifamily Underwriting Process

      3:40
    • 9. Real Estate Financial Modeling Best Practices

      3:19
    • 10. Multifamily Cap Rates

      4:19
    • 11. Cap Rates and Solution

      4:55
    • 12. Cash on Cash Return

      2:05
    • 13. Cash on Cash Returns and Solution

      4:24
    • 14. Internal Rate of Return (IRR)

      3:02
    • 15. IRR Exercise and Solution

      4:52
    • 16. Equity Multiple

      1:16
    • 17. Equity Multiple Exercise and Solution

      2:47
    • 18. LTV and LTC

      1:44
    • 19. LTV and LTC Exercise

      2:49
    • 20. DSCR and Debt Yield

      2:01
    • 21. DSCR and Debt Yield Exercise

      3:11
    • 22. Multifamily Deal Risks

      4:41
    • 23. Risks Sensitivity Excel Exercise

      5:58
    • 24. Multifamily Deal Opportunities

      2:56
    • 25. Opportunities Sensitivity Excel Exercise

      3:18
    • 26. Risk Adjusted Returns and Requirements

      1:38
    • 27. Multifamily Capital Risk Buckets

      8:06
    • 28. Understanding Markets

      6:52
    • 29. The Multifamily Competitive Set

      5:48
    • 30. The Multifamily Unit Mix

      2:14
    • 31. Unit Mix Modeling and Weighted Averages

      4:13
    • 32. Analyzing Unit Type

      3:15
    • 33. Other Income and Excel Example

      5:51
    • 34. Rent Growth

      4:34
    • 35. Annual Rent Growth Excel Analysis

      4:46
    • 36. Rent vs. Buy Analysis

      4:50
    • 37. Vacancy

      3:12
    • 38. Operating Expenses Overview

      2:30
    • 39. Property Management Fees

      1:54
    • 40. Personnel and General and Administrative

      1:30
    • 41. Marketing and Turnover Expenses

      2:37
    • 42. R and M and Contract Services

      1:17
    • 43. Utilities and Reimbursements

      1:59
    • 44. Property Taxes and Insurance

      2:36
    • 45. CapEx Reserve

      1:34
    • 46. The Effect of Expenses on Returns

      3:27
    • 47. The Capital Stack

      5:07
    • 48. The Cost of Capital

      5:21
    • 49. Multifamily Syndication Fee Structures

      3:18
    • 50. The Multifamily Waterfall Framework Explained

      4:05
    • 51. The Effect of Partnership Fees on Returns

      3:51
    • 52. Multifamily Waterfall Structures

      6:45
    • 53. Multifamily Underwriting Introduction

      1:07
    • 54. What is Underwriting

      1:51
    • 55. Multifamily Property Density

      3:16
    • 56. The Effects of Unit Square Footage

      2:14
    • 57. Multifamily Revenue Drivers

      1:34
    • 58. Underwriting Expense Drivers

      1:52
    • 59. Multifamily Exit and Sale Assumptions

      2:33
    • 60. Multifamily Acquisition Model Overview

      0:58
    • 61. Acquisition Tab Walkthrough

      7:08
    • 62. Revenue Tab Walkthrough

      4:06
    • 63. Expense Tab Walkthrough

      3:38
    • 64. Monthly and Annual CF Walkthrough

      4:16
    • 65. Waterfall and Debt Tab Walkthroughs

      1:58
    • 66. Construction Budget and Checks Tabs Walkthrough

      3:50
    • 67. Multifamily Value Add Acquisition Case Study Introduction

      1:30
    • 68. Multifamily Case Study Walkthrough

      3:45
    • 69. Filling Out The Summary Tab Part I

      4:29
    • 70. Modeling The Acquisition Loan and Refinance

      5:01
    • 71. Setting Up The Waterfall Structure

      1:22
    • 72. Modeling In Place Rents and Renovation Premiums

      3:03
    • 73. Modeling Rent Growth and Vacancy

      1:55
    • 74. Expense and Property Tax Modeling

      4:34
    • 75. Modeling and Timing Renovation Expenses

      2:28
    • 76. Finalizing The Valuation

      7:08
    • 77. Wrapping Up + Rules of Thumb

      3:45
    • 78. How To Use This Information

      1:43
    • 79. Congrats

      1:46
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About This Class

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

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.

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. 

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

Credit to Bensound for the intro music!