The Intelligent Real Estate Investor

A game-changing course that draws upon principles of economics, real estate development, finance and valuation technique

What you'll learn

Develop insightful knowledge about real estate that will impress interviewers, business partners, employers, colleagues, friends.

Gain strategic views about real estate investment that will inspire real estate investing approach and opportunities finding, whether for a personal portfolio

Develop an intelligent investor’s mindset, in real estate and other financial assets.

Gain critical thinking skills to dig deep into the surface of events and phenomenon that will benefit both professional and personal lives.

Requirements

It would be helpful if you have some background knowledge in economics and finance. Due to the length of the course, it does not deep dive any explaining each technical concept. The course will not explain what monetary policy or a Discounted Cash Flow model is. There are some simple model examples in the Valuation part but since this is not a modelling course you need to have some basic Excel skill to figure it out yourself. It focuses on teaching you how to think as an entrepreneur/investor/strategist.

Description

This is a short course that teaches you to think strategically as a real estate investor. The course draws upon principles of economics, real estate development, finance and valuation techniques. It will inspire you to look at real estate differently at a high level in order to spot trends and identify cycles. This is quite a short course that touches quite many technical topics so it does not deep dive into many technical aspects but teach you to think holistically and strategically as a real estate investor or developer. You will learn about real estate as an asset class in a macro economic context, urban economics and land use, demand and supply analysis, real estate cycle, development processes and risk, conducting financial feasibility analysis, real estate finance principles, valuation methodologies and more. This course is a lot more than a technical course since there are already many courses teaching the technical aspects of real estate finance and investment. Real estate finance and investment is a very technical topic that can take years to learn. What this course aims to teach is to dissect the underlying principles of real estate finance, investment and valuation. For example, rather than simply teaching the formulas to value real estate assets, the course deep dives into the underlying economic principles behind the formula, the thought process of behind the appraisal methodology. One of the core topics of the course is the property market cycle, the relationship between property and economic cycle and what indicators to look for when analysing property cycle. Rather than looking at the surface of each event, the course inspires you to dig deep into why things are the way they are- e.g the course answers questions such as why property prices in overheated market such as London remain sticky and developers refuse to reduce prices even when all the evidence point towards a market downturn. The course teaches you to be an insightful, deep, strategic thinker and intelligent investor.

Overview

Section 1: Real Estate as an asset class in a macro context

Lecture 1 Key trends in real estate

Lecture 2 Urban development and land use

Lecture 3 Inflation and real estate

Lecture 4 Property as an asset class compared to equities and gilts

Lecture 5 Macro economic analysis

Lecture 6 Demand analysis

Lecture 7 Supply analysis

Lecture 8 Supply and demand reconciliation

Lecture 9 Property market cycle- UK example

Lecture 10 The relationship between property cycle and economic cycle

Lecture 11 Indicators to analyse and predict real estate cycle

Section 2: Real Estate Development

Lecture 12 What do developers do?

Lecture 13 Two questions to approach real estate development

Lecture 14 Sources and uses of capital

Lecture 15 Development risk

Lecture 16 The bidding market for development land

Lecture 17 Development process- Introduction

Lecture 18 Concept and site finding

Lecture 19 Feasibility Analysis- Site evaluation

Lecture 20 Feasibility Analysis- Building a pipeline

Lecture 21 Financial feasibility and site acquisition

Lecture 22 Outline planning application

Lecture 23 Financing

Lecture 24 Design stage

Lecture 25 Detailed planning application and final stages

Lecture 26 Development appraisal

Lecture 27 Development in real estate cycle

Section 3: Real Estate Finance

Lecture 28 Purpose of valuation

Lecture 29 What affects value in the property market

Lecture 30 Valuation challenges

Lecture 31 Valuation introduction

Lecture 32 Sales comparison approach

Lecture 33 Cost approach

Lecture 34 The income approach

Section 4: Real Estate Finance

Lecture 35 Debt and equity

Lecture 36 Term sheet

Lecture 37 Development loan

Lecture 38 Lenders' metrics

Lecture 39 Development entity and financing structures

Professionals in real estate related area but not directly working in real estate (e.g accountants, auditors, consultants…) wanting to gain more knowledge about real estate; retail investors who own real estate properties or who want to expand their real estate portfolios; young professionals wanting to learn more about the sector; anyone with an interest in real estate and wants to expand their knowledge in general.