FoundationsReal Estate
Real Estate Investing
Underwrite a rental from listing to close: financing, operating expenses, cash flow, and the returns that justify the work.
19 lessons6h 29m4 modules
What the course covers
Module 1Before you look at listings3 lessons · 0h 54m
What the numbers have to clear for the work to be worth doing.
- 1Why rent minus mortgage is not cash flowFree preview18m
- 2Setting your own return requirement16m
- 3Picking a market you can actually manage20m
Module 2Underwriting a deal5 lessons · 2h 1m
Every line item, including the four most people omit.
- 1Purchase price, closing costs, and cash needed22m
- 2Financing and how terms change the return25m
- 3Vacancy, maintenance, capex, management27m
- 4Taxes, insurance, and HOA17m
- 5Building the full pro forma30m
Module 3The metrics that matter5 lessons · 1h 28m
Cap rate, cash-on-cash, DSCR — what each answers.
- 1Cap rate and why it excludes the mortgage19m
- 2Cash-on-cash return18m
- 3DSCR and what lenders require16m
- 4The 1% rule as a screen, not an analysis14m
- 5Appreciation and principal paydown21m
Module 4Buying and operating6 lessons · 2h 6m
From offer to a property that runs without consuming your life.
- 1Inspection and what to walk away from23m
- 2Negotiating on the numbers20m
- 3Self-managing versus hiring22m
- 4Tenant selection19m
- 5Reserves and the repair you have not budgeted for18m
- 6When to sell or refinance24m