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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