The Real Estate Equity Waterfall Modeling Master Class (Udemy.com)

The Complete Guide To Building Dynamic Real Estate Equity Waterfall Models In Microsoft Excel

Created by: Justin Kivel

Produced in 2021

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What you will learn

  • A complete "done-for-you" institutional-level equity waterfall model to use in any real estate transaction.
  • A thorough understanding of the key components of an equity waterfall and how it is used in real estate investing.
  • The ability to build a fully functioning, dynamic equity waterfall model in Microsoft Excel to use for any deal in any situation.

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Quality Score

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Overall Score : 96 / 100

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Course Description

Everything you need to know about real estate equity waterfalls, all in one place.
This course will teach you everything need to know abouthow anequity waterfall worksinreal estate transactions, fromthe underlying mechanisms behind a waterfall, tohow an equity waterfall isstructured, tohow to build an equity waterfall financial modelin Excel.
Whether you're syndicating a real estate deal on your own, investing as a Limited Partner in a real estate syndication, or you're a current real estate professional looking to add a lucrative skill set to your arsenal, this is a one-stop shop for everything real estateequity waterfall-related.
This course was designed for people from all parts of the real estate spectrum, including:
Current or aspiring real estate syndicators who want to earn outsize returns on their investments - Being aligned with investor interests is critical when structuring a real estate transaction, and a clear waterfall structure with incentives based on investment performance is the most direct way to create a win-win relationship for your team and your capital partners. Understanding the mechanisms behind an equity waterfall and having a dynamic waterfall model in your toolkitwill allow you to structure your deals in the most advantageous way for both yourself and your investors.
Passive real estate investors involved as LPs in real estate syndications who want to invest passively with confidence-The Limited Partner position in real estate investingis a great role - no work involved, an inflation-protected, tax-shielded investment, and experienced management - but do you know how much you're paying in fees?
Understanding how a waterfall structure functions and having a dynamic Excel model to calculate truenet returns can be the difference between a sound investment and being locked into awatered-down dealfor years to come.
Current real estate professionals who want to earn more money -Equity waterfall modeling is one of the most desired skill-sets in all of real estate finance, with professionals proficient in this topic earning more than 8.
1% above their peers according to national real estate recruiting firmRETSAssociates. If you are a current or aspiring real estate professional, understandingthe mechanics of anequity waterfall functions and how to build an equity waterfall in MicrosoftExcel will put you head and shoulders ahead of your peers and add a rare andlucrative skill-set to your real estate investing arsenal.
Here's what some of our students have had to say: "I've tried other real estate financial modeling classes, and they tended to be too general (even where they had some hands-on Excel exercises). Justin hit just the right balance between the big picture and the nuts and bolts of building the worksheet, and, therefore, truly understanding it.""Clear and straightforward. Wow! Amazed at this curriculum. He has made something super difficult easy and he explains it super clear. Its like meeting a super cool private equity guy spend the time to show you step by step. He can make your career!""This course is highly recommended for individuals wanting to learn about equity waterfall modeling. It's obvious that the instructor understands this topic very well and he presents it in a very simplified manner. The process of creating the model from scratch and having the instructor walk you through it on a step-by-step basis really solidified my understanding of this material. Excellent course!""Highly detailed and informative. Great for analyst who are just getting started. It's like taking an MBA level course!""This is a phenomenal course as are Justin's other courses. I am a commercial real estate professional working as an analyst at a 'Big Four' broker and have found all these courses to be invaluable, particularly if you are concerned about the technical test for job interviews."Understanding equity waterfalls will put you miles ahead of the game, whether you're looking to do your first deal or trying to land a job in commercial real estate finance.
Looking forward to seeing you in the course!
Who this course is for:
Real estate investors and syndicators who want to learn how to build an equity waterfall model from scratch.
Real estate private equity analysts and associates who want to add another valuable and lucrative skill set to their arsenal.

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Instructor Details

Justin Kivel

Master real estate financial modeling, advance your career, and earn more money.
If youre an aspiring real estate investment professional looking to break into the real estate investment field, or a current real estate professional looking to advance your career and increase your compensation, youre in the right place.
My name is Justin Kivel, and Im a real estate investment professional with a love for teaching. Throughout my career, Ive worked on over $1.5 billion of closed acquisitions across multifamily, retail, office, and mixed-use properties. Ive had the opportunity to work with some of the brightest minds in real estate investing and have spent almost a decade in the industry across private equity, finance, and brokerage roles.
Unfortunately, most of what I know today I had to learn on the job. Although great courses exist on Microsoft Excel and financial modeling, I couldnt find a resource that was specifically tailored toward real estate investment professionals that would actually walk me through exactly what I needed to know to succeed in the real estate investment industry.
These courses are that resource.
After dozens of phone calls and coffee meetings with college students and aspiring real estate investment professionals, I realized that most people were asking exactly what I was asking when I was in their shoes.
What skills do I actually need t

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Reviews

4.8

176 total reviews

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By Mariel Arias on 11/14/2020

Justin does such a great job explaining complex topics in easy to understand ways! I have taken several of his courses and they never disappoint! So much value for the price!

By Carissa Rose Brown on 10/27/2020

Valuable information, excellent teacher.

By Steven Lyon on 10/20/2020

Excellent step-by-step process in building this model - very well presented

By Keith Gozon on 10/20/2020

Justin never fails to amaze me

By Elie Moshe on 10/20/2020

Great instructor. It was fun and interesting and very insightful! Highly recommended!

By Tams Seres on 10/19/2020

Great course! I have been in CRE for 8 years, but this was a real eye opener. Wish I had learned about this 5 years ago. The material is first class and Justin really teaches you in a straightforward understandable way

By Albani V on 10/2/2020

Thank you! Very helpful course.

By Ross Crombie on 9/26/2020

I have just completed the RE Equity Waterfall modeling master class and the RE Financial modeling Bootcamp course which I really enjoyed. I'm moving on to the Advanced RE Financial modeling course next. I am currently doing a degree in business, majoring in finance and property, and finding this voluntary learning really beneficial. Justin does a great job of sharing his knowledge in a simple and easy to understand way, so looking forward to doing another course.

By Petar Elieff on 9/23/2020

best ever

By Joe Chick on 9/19/2020

Justin,
Great course - the structure kept me engaged and I was able to knock it out in one sitting! I found this course very helpful/informative for individuals like myself who work on the brokerage side of the CRE industry and haven't had much deal underwriting experience from the "principal" perspective.

By Shaun Uloth on 9/10/2020

M Im

By Randy Lasmana on 9/6/2020

Waterfall model explained in a simple way. Pace is good, not too fast. That excel keyboard shortcut is well taught as well!