Course Objectives
1) Education & Knowledge provided to participants
2) Create community or master mind group of like-minded individuals beyond this course
3) Participants get on the court and do a deal before the end of the course
How Course Differs from Others
- Focuses on understanding what individuals are looking for
- Questions what Risks Participants can manage
- Questions what Resources Participants have to leverage
- Participants look at real deals early on in the game
- Participants actively & collectively source and analyze deals
- Participants get involved in the process of real deals
- Participants form alliances (if so desired) which transcend the course
- Participants have potential to re-coup the course costs
- Participants have direct access to the other Participants and Tutor
Course Features
- One Hour Live Calls with Group
- Recorded calls for future reference
- Email access to Instructor and other group members
- Group dynamic accelerates the learning process
- Group dynamic opens up the possibilities of groups network
- Real Deal Analysis and Examples
- Access to financing sources within the group and from outside resources
- Library of Forms provided over the length of the course
- Glossary of Terms
- Access to the CRE Tutor Blog (When fully functional)
Lesson One Discussion Points
- Intro to the course Format, Features and Benefits, and what to expect, in general
- Intro to Participants and Instructor
- Cursory Intro to the concept of Assignment(s) with much more to come
- Intro into the 6 Property Types we will discuss in this course (See below)
- Review of the Forms that we cover in Session One & beyond (See below)
- Need for a Financial Calculator – Hewlet Packard “10-B-II” recommended (www.hp.com/calculators)
- When to expect to start looking at real deals, and where to find them
- Notes, Attachments, and Homework (See below)
Course Property Types
| 1) Multi-Family |
Properties that contain 5 or more apartments on a single piece of
property. These Multi-Family properties can be as large as 100’s of
units. |
| 2) Multi-Use |
Properties that are a combination of retail/commercial/office space
plus residential units. |
| 3) Retail |
These come in three varieties….1) Strip Centers…2) Big Box w/
Out-lots…3) “Main Street” single story buildings… |
4) Industrial/
Manufacturing |
Properties that are typically occupied by 1 – 5 tenants in related businesses and typically “Owner-Occupied”….These are typically
in rural or suburban areas, however, also found in cities. |
| 5) Office |
These properties can vary from small 1,000 Square Foot (SF) space
to very large properties containing millions of SF. |
| 6) Raw Land |
These are unimproved parcels of land which can be developed. This
Land may be in the path of growth, adjacent to other unimproved
Land, or producing income through agriculture or storage leasing. |
Forms to Complete by Participants (Suggested to download all forms and save in a file)
1) Risk Analysis Form to get you better acquainted with YOUR risk tolerance. This form is a general form and most commonly used for “Orthodox” investing evaluation.
Keep in mind that Assignments are “Un-orthodox” for several reasons:
- Most investors don’t understand the dynamics of assignments
(which you will learn and practice during this course)
- Assignments are inherently less risky than the orthodox or traditional
“acquisition” of real estate in that we never take possession or have a
stake in the real estate per se
- Assignments have a defined time horizon or risk (Typically 30 – 120 days)
2) Personal Financial Statement to get you better acquainted to YOUR current financial situation. This will be required to be current if and when applying for financing. It is a good practical exercise that I recommend for all to keep updated quarterly. Again remember, if you plan on being active, your financials will reflect this, and consequently should be actively (as opposed to “re-actively) reviewed periodically. This is part of being a professional investor, if this is what you desire to be.
3) Resource Analysis Form to get you better acquainted with YOUR resources. Again, be aware that most people under-estimate their resources, neglecting to acknowledge all that are available to them. You must consider and understand the importance and value of all your resources, including:
- Financial Resources (Cash, Credit, Equity, Liquid Assets, Securities, etc)
- Intellectual Resources (Information, Knowledge, & Experiences)
- Social Resources (Who you know, and Who they know)
- Professional Resources (Bankers, Brokers, Lawyers, Accountants, etc.)
- Government Resources (Grants, Loans, Tax Incentive Credits, Etc.)
- Physical Resources (Your physical ability to do things)
NOTE: These Resources can all be leveraged into deals….More on this later.
