How much cash do I need and what kind of returns can I expect?

How much cash do I need and what kind of returns can I expect?

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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