How is this different from the Master Class?

How is this different from the Master Class?

The Real Estate Starter Class is no different than the Master Class.

It's just less than the Master Class (only a little). A little less content... but a lot less money. 

The Starter Class is a carefully curated selection of the most beginner-friendly lessons in the Master Class. After a year of writing nearly 100,000 words into the Master Class, the most common bit of feedback I received was about the sheer volume of content! Here's an example of what people were saying...

Nick, I'd love to go through the Master Class, but it seems like I really do have to be a master to understand everything! Is there a starter version I can do first?!


As you go through the Starter Class, know that everything is naturally building to the Master Class. You'll learn what you need to get started in real estate and can make an educated decision about whether or not to continue with the Master Class.

You can even credit up to $750 from your Starter Class purchase towards the Master Class. That's 30% off, no matter what you paid for this course! Click here to upgrade.

If you have any questions about the classes and what you can learn, Twitter is the best place to ask me @SweatyStartup. 

Nick's Real Estate Starter Class

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Introduction

  • Who is this for?
  • How is this different from the Master Class?
  • How do real estate investors get really wealthy?1
  • The two almighty definitions: NOI and Cap rates
  • Cap rates and NOI - a quiz
  • Quiz Review
  • Nick's Journey
  • Nick's Portfolio (Recorded March 2022)
  • A note before you dive in1
  • Legal Disclaimer

Real Estate 101

  • State of the market - June 2022
  • Almighty Metric #1 - Net Operating Income2
  • Almighty Metric #2 - Cap Rate1
  • How to build a great network

How to create a lot of money out of thin air

  • The wealthiest guy I know
  • Trampolines, gyms and cold hard cash3

The skills you need to win

  • Sales
  • Communication and writing
  • Resourcefulness
  • Likability, trust and emotional intelligence

Types of real estate

  • A list of niche real estate asset classes and key terms

The mindset of a successful investor

  • The way to think about the critical aspects of business

How to learn any asset class very quickly

  • Find the professionals - talk to them, work for them or compete with them

How real estate is valued

  • Smell Tests, speculation and trends
  • Underwriting - how to figure out what a property is worth to you
  • Aspects of a good cash flow model
  • Deal overview
  • Monthly Cash Flow Model
  • A walkthrough of my model
  • Where do you get a model specific to your industry?
  • Due Diligence
  • Due Diligence List

Appreciation

  • How appreciation works
  • The ways to force appreciation
  • An operational advantage and the holy grail
  • The roll-up strategy and cap rate compression
  • Time - the ultimate tailwind

Leverage

  • Leverage Basics
  • Key definitions
  • The great amplifier
  • Visualizing Leverage in Real Estate w/ Nick Huber
  • Refinance and Recaps
  • Deal Breakdown: My $2MM cash-out-refi
  • Debt Constant
  • Debt Constant Worksheet
  • Debt Yield
  • Debt Constant Table
  • Debt Constant / Debt Yield discussion
  • Debt Constant / Debt Yield Quiz
  • Debt Constant Quiz Review2
  • Quiz Review
  • Alternative financing method: securities backed line of credit

Test your knowledge - managing risk

  • Model Walkthrough - Stress Tests
  • Stress Tests - Excel.xlsx
  • Managing Risk - Quiz
  • Quiz Review1

Update

  • What do you think so far?1

The tax advantages of Real Estate

  • Depreciation / Bonus Depreciation
  • Basis, Bonus Depreciation, Recapture, Capital Gains
  • Interest Expense as a Deduction
  • Real Estate Professional Status
  • 1031 Exchange
  • Step-up In Basis
  • Income vs. Capital Gains
  • QOZ - Qualified Opportunity Zone
  • Conservation Easements
  • Additional Loopholes
  • Basis and Depreciation Quiz
  • Recapture and Capital Gains Quiz
  • IRS Publication 946 - Depreciation
  • IRS Depreciation FAQ
  • Cost Seg Study Example - Self Storage Facility
  • Cost Seg Study Example - Vacation / rental property

How do I get started?

  • What you probably don't want to hear
  • Quality over quantity
  • The golden rule of real estate
  • How much cash do I need and what kind of returns can I expect?
  • Scale or stay small?
  • Beta vs. Alpha
  • My framework for spotting real estate opportunities
  • Real estate opportunities I love right now

Investing with others as a Limited Partner

  • What questions should I ask?
  • New York Self Storage Investor Deck
  • New York Self Storage - Nick's Thoughts

Resources

  • Visualizing Leverage in Real Estate w/ Jack Butcher
  • Debt Leverage Worksheet

What's next in the Masterclass

  • What to expect
  • Who the Masterclass is for
  • Your $750 coupon to level up to the Masterclass