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