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Nick’s Real Estate Masterclass, Nick Huber – Nick’s Real Estate Masterclass, Nick’s Real Estate Masterclass download, Nick Huber – Nick’s Real Estate Masterclass review, Nick’s Real Estate Masterclass free torent
Nick Huber – Nick’s Real Estate Masterclass
Nick’s Real Estate Masterclass
A deep dive into real estate. How deals are measured, structured, financed and operated. The risk factors, how to gain a competitive advantage, and more.
Why this course exists
This is what I wish I knew about real estate when I was 25 years old with some cash in my pocket, about to do my first deal. This is what I’ve learned over the past several years of being a real estate professional building a portfolio of $150MM worth of self storage assets we own and operate.
This is what real estate entrepreneurs teach their children around the dinner table. These are the concepts I will work to instill in my children so they can enter the field and succeed.
The Real Estate Masterclass is the very best of 400+ hours of concentrated work, over 90,000 words, dozens of deal breakdowns, videos, quizzes, and more. If you ever wanted an honest, in-depth look at real estate as a career or investment option, I promise you won’t find a more complete course than this one.
I promise even experienced real estate investors will get nuggets of wisdom and learn something new. It is more practical and valuable than any college real estate course.
What you’ll learn in the Masterclass
These are only a few of the key lessons and strategies you’ll learn in the masterclass.
For a complete table of contents, scroll to the bottom of the page!
Who I made the Masterclass for…
I’ll be clear → anyone can benefit from these lessons. Everything in this course will help you become more informed, prepared, and confident to start or scale your real estate career. But there are 4 types of people it can help most…
1. Beginners ready to turn Pro
You’ve done your research. You’ve been devouring information online. You’re starting to make connections in the real estate world. You’re asking the right questions. You can see your future in real estate — you just want to make sure you’re on the right path. Well, you’ve come to the right place! I made this course to share a clear and highly detailed picture of how to build a career in real estate — with real-life examples. I’ll give you an unfiltered look at what I did and how I did it — what works, and what doesn’t.
2. People with resources who want to use them wisely
These are people who are ready to make real estate a part of their future, but they’re not sure which way to go. They want to look at it from 1000 feet above and analyze asset classes. They are able to pick and choose their path as they either buy real estate on their own or invest.
3. Passive Investors who want to invest with confidence
These are people who earn enough money that they are looking to passively invest. They can’t move their focus away from the main money-maker, but they want to learn how to invest in real estate through sponsors. They want to partner with operators who are doing deals, analyze the deal with confidence, figure out what questions to ask, figure out where the risk is, and understand how all this works.
4. Investors and Operators who want to level up
The most important group, the one I am most aligned with and is exactly who I am. You are the person ready to buy an asset, or you own property or are ready to make real estate a big part of your work and wealth. You are ready to level up and raise outside capital, build a management company, a real estate private equity firm, and expand to make real estate a tremendous part of your life and career.
What this course is not
This is not a way to get started in real estate today with no money. It is not a way to get rich quick in real estate. It’s not a way to go from 0 to 1 and create new wealth through real estate.
This is not a guide on operating specific asset classes of real estate. This is not a complete, in-depth guide on any one aspect of real estate.
While it provides the frameworks, this is not a guide on putting together your first deal with other people’s money and jumping in head first.
Real Estate doesn’t have to be a country club
Real estate is so much a country club, really a “who’s who†business that if you’re not born into it, there are very few ways to understand it. The people who are in this business don’t just go out and share a lot. I have an abundance mindset and believe the more I help people, the more will come back to me. The more people I meet the more my life can benefit.
You look at real estate in America, most of the big real estate families, this is in their blood, they learn this stuff around the kitchen table. They follow it around with their parents and their trucks to these properties. They were on this trajectory of real estate very early.
I was not from one of those families. I started service business and made some money. Then I needed to find something to do with that money. So I spent a ton of time learning all this on my own. I didn’t know the language that I needed to speak. When I talked to bankers I didn’t know the terms that I needed to be aware of. When I discussed my properties with outside investors I didn’t know how to mitigate and manage the risk.
If you don’t have family members or you’re not in the inside club of people who know the ins and outs of Real Estate and have done it for their careers, it’s not very approachable. This masterclass is built for a person without those resources as a way for somebody on the “outside†to make real estate a viable career and investment.
Get a rock-solid foundation of real estate essentials
see a full course syllabus at the bottom of the page!
Real Estate Valuation
Smell Tests, Speculation & Trends
Underwriting — Determining What a Property is Worth to You
Aspects of a Solid Cash Flow Model
Monthly Cash Flow Model
A Detailed Analysis of My Model
How to Find a Model Specific to your Industry
Deal Overview
Due Diligence
Real Estate Fundamentals
How Do Real Estate Investors Get Really Wealthy?
Two Almighty Definitions: NOI and Cap Rate
Overview of My Portfolio
How Appreciation Works
Ways to Force Appreciation
The Roll-up Strategy
Cap Rate Compression
A Key Operational Advantage (and The Holy Grail)
How to Use Time as the Ultimate Economic Tailwind
Leverage
How Leverage Amplifies Gains and Losses
Visualizing Leverage in Real Estate
Refis and Recaps
Debt Yield & Debt Constant
Debt Constant: Overview, Worksheet, Quiz, Review
Debt Yield: Overview, Table, Quiz, Review
Glossary of Key Terms
Alternative Financing Method: Securities Backed Line of Credit
Tax Advantages of Real Estate
Depreciation & Bonus Depreciation
Recapture & Capital Gains
Interest Expense as a Deduction
Income vs. Capital Gains
QOZ — Qualified Opportunity Zone
Cost Segmentation Study Examples
IRS Depreciation FAQ
Basis & the 1031 Exchange
Additional Tax Loopholes
Risk
How to Assess & Manage Risk
How to Lose a Lot of Money Really Fast
The Cyclical Nature of Real Estate
How to Hedge Your Risk
Stress Tests
Model Walkthrough — Variables Affecting Cash on Cash, Debt Yield, and Debt Constant
Operations, Emotions & CAPEX
Deal Structures
How Private Equity Works
Prefs, Promotes & Waterfalls
How to Think about Fees
How Should You Structure Your Deal?
PPM and Executive Summaries
The Straight Split Structure
Vetting LPs and Managing Expectations
Re-capitalizing a Deal
Multiple Examples of Case-Specific Executive Summaries
Nick’s Real Estate Masterclass
Course 148 Lessons
A deep dive into real estate. How deals are measured, structured, financed and operated. The risk factors, how to gain a competitive advantage, and more.
How the course helps you think about leverage in Real Estate [preview]
As you go through the course, you’ll think, “All of this sounds pretty awesome so far! Buy property, increase NOI or roll-up, create value — it’s a great system. Let’s go figure out our operational niche and get rich!â€
Next I’ll teach you about the gasoline we can pour on the fire to multiply our returns and crank up our cash flow and put our appreciation on steroids. I’m talking about a little something called leverage.
It is debt. It is borrowed money from a bank. A loan. Mortgage. A note. It is called a few different things.
Leverage amplifies everything. Every real estate investor I know uses it and loves it and lives or dies by it. If you’re new to this thing, prepare to have your mind blown by its power.
First of all, this is a double-edged sword. I’m about to tell you how it works FOR investors. It can just as quickly cripple projects and bankrupt investors. We’ll talk more about the downside in the RISKS section.
Let’s dive in and use one of my previous deals to paint the picture.
We did a deal in Newfield for $2.175MM. We bought it at an “in-place†cap rate of 7.31% and a “pro forma†cap rate of 13.46%.
We only needed to put up $543k of our cash to buy it. A local bank that does commercial lending financed the rest.
Huge question that informs everything else → how much of the purchase price will the bank finance?
It depends on the asset class, the bank, and the strength of the borrowers/operators. If you are good at what you do, have a lot of cash, and have experience cranking out the numbers you are projecting, you can get debt at a reasonable price.
In the masterclass I go much much deeper—over 10 lessons—on the ways you can use leverage to scale up your portfolio… as long as you pay attention to the ADJUSTED RISK of the project.
EVERYTHING INSIDE
With over 90,000 words and 2+ hours of video, this course contains everything I’ve learned on the front lines of real estate the past decade. Want a peek? Click on any of the lessons with the blue “Preview†button to see what you’ll be getting!
Introduction
How do real estate investors get really wealthy?
Who is this course for?
How do real estate investors get really wealthy?
The two almighty definitions: NOI and Cap rates
Cap rates and NOI – a quiz
Quiz Review
Nick’s Journey
Nick’s Portfolio (Recorded December 2021)
Nick’s Portfolio (Recorded March 2022)
A note
Feedback and Comments
Before you dive in
How to create a lot of money out of thin air
The wealthiest guy I know
Trampolines, gyms and cold hard cash
The skills you need to win
There are certain things that folks who do real estate deals need to be good at. If you’re not interested in my subjective opinion, skip this section.
This section is for the folks who plan to buy and manage property and structure deals.
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 rest of this document is the “howâ€. This is the “whyâ€. I get a bit philosophical here, and if this isn’t your thing feel free to skip.
But I feel strongly that mindset is 90% of the game. And if you can master it you will win. So here goes.
The way to think about the critical aspects of business
How to learn any asset class very quickly
Here are three ways you can begin to learn asset classes and find your niche.
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 walk through of my model
Where do you get a model specific to your industry?
Due Diligence
Due Diligence List
Appreciation
How does property get more valuable? How do we make it more valuable? What factors influence 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 Constant Quiz Review
Debt Yield
Debt Constant Table
Debt Constant / Debt Yield discussion
Debt Constant / Debt Yield Quiz
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 Review
Update
What do you think so far?
The Tax Advantages of Real Estate
In this section we’ll go over the tax treatment of real estate and how we can use it to our advantage.
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
The Risks of Real Estate
How to lose a lot of money really fast
Everything is cyclical
Operations, Emotions and CAPEX
How to hedge your risk
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
Your real estate team
The Banker, Attorney, CPA, Contractor and Insurance Agent
The hardest relationship to build – contractors and service providers
The dynamics of buying a property
Are you a closer or a joker?
The off-market cold call
Looking at deals from Brokers
The offer
DEAL OVERVIEW: Gloversville – when the buyer has all the leverage
LOI – GLOVERSVILLE SIDE BY SIDE (4).pdf
PSA, Real Estate Attorney, Due Diligence Period
Due Diligence Request List.pdf
Raising OPM (other people’s money)
A day in the life – trying to finish raising for a deal
Raising Other People’s Money
Sources of Outside Capital
When should I get LPs? Should I raise money on my very first deal?
Selling Limited Partners on your Deal
Communicating and Reporting
Company Overview Deck
Preferred Equity Deck Example
2020 Year in Review – Bolt Storage
2021 Year in Review, Bolt Storage
How to dominate Twitter
How I raised $5MM in capital on Twitter
How to go from 95 followers to 95,000 followers in 10 months
The bad news
Deal Structures
The real estate private equity terminology you need to know
How real estate private equity works
Terms
Prefs, Promotes, Waterfalls
Fees
How to think about fees
How should you structure your deal?
PPM and Executive Summaries
Elmira NY Investment Prospectus
Accredited Investors
The straight split structure
My process with LPs
Vetting LPs and Managing Expectations
Re-capitalizing a Deal
Ohio Portfolio Executive Summary.pdf
FINAL LP Expected Case Akron Bowling Green Wolf.xlsx
Bolt Track Record.xlsx
Peru, IN Storage Portfolio Executive Summary.pdf
Georgia Portfolio Executive Summary.pdf
How to think about building a sustainable private equity company
How my real estate private equity and management company work together
How to scale your portfolio
The Method
Building your team
Finding off-market deals
Deal-flow from brokers
The ability to close “messy dealsâ€
Investing with others as a Limited Partner
Nick looks at a multi-family investment deal in the Phoenix market and gives his thoughts from the perspective of a limited partner.
He also analyzes his own investor deck and talks about questions and assumptions that he would have if he were coming at it from the other angle.
What questions should I ask?
New York Self Storage Investor Deck
New York Self Storage – Nick’s Thoughts
My biggest mistakes in real estate
New development, zoning and prepayment penalties
Nick’s Deal Breakdowns and Additional Resources
My first deal and how we made $2MM through a cash-out refinance
Pittsburgh PA Deal
Shippenville PA Deal
Closing on Erie / Pittsburg (vlog style)
Deal Breakdown – Gloversville (2021 Update)
RE #73: Nick Huber – Self Storage & Sweaty Businesses
RE #112: Nick Huber – Self Storage, Twitter, & Sweat (Part 2)
Profitable Real Estate Investing I Nick Huber l Pomp Podcast #453
Get to know Nick – and the non-sexy areas of entrepreneurship
Nick’s Booklist
How profitable is a storage facility? Nick’s 2021 Deal Breakdown
Nick’s Talk at Re-Convene
Deal Breakdown – Tompkins County NY
The case for buy-and-hold real estate
Parting thoughts
Don’t stop here, get all the details and full access
You want to see every part of the course. You want to gather information — due diligence. I respect that.
But think about how much faster you’ll understand and close—or run from—deals once you’ve learned from a decade of my process and insider deals.
Everything is first class, high-value content I spent hundreds of hours preparing so you can save time and thousands of dollars. I hope to see you in there!
