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Real Estate DevelopmentPremium

Real Estate Development Basics

Site selection, entitlements, construction budgets and development feasibility.

Samuel ReyesSamuel ReyesLand & Development Principal, Reyes Land Co.Advanced 27 lessons 5 hrs
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About this course

Understand the development process end to end: feasibility studies, residual land value, entitlements, construction loans, general contractor selection and lease-up. Built for investors evaluating or partnering on ground-up projects.

What you will learn

  • Run a development feasibility analysis
  • Calculate residual land value
  • Understand entitlement and permitting risk
  • Structure construction financing and draws

Curriculum

8 modules · 27 lessons · 5 hrs

  1. Module 1

    Introduction

    3 lessons

  2. Module 2

    Core Principles

    5 lessons
    • The Four Sources of Real Estate ReturnVideo · 14 min
    • Net Operating Income and Cap RateWritten lesson · 9 min
    • Cash-on-Cash Return and DSCRVideo · 14 min
    • Market Selection FundamentalsWritten lesson · 9 min
    • Knowledge CheckQuiz · 6 min

  3. Module 3

    Deal Structure

    4 lessons
    • Choosing a Financing StructureVideo · 14 min
    • Down Payment, Reserves and LeverageWritten lesson · 9 min
    • Ownership Entities and TitleVideo · 14 min
    • Structuring Offers and ContingenciesWritten lesson · 9 min

  4. Module 4

    Financial Analysis

    4 lessons
    • Building a Pro FormaVideo · 14 min
    • Estimating Expenses RealisticallyWritten lesson · 9 min
    • Valuation with Comparable Sales and IncomeVideo · 14 min
    • Sensitivity AnalysisWritten lesson · 9 min

  5. Module 5

    Risk Management

    4 lessons
    • Identifying Property-Level RisksVideo · 14 min
    • Market and Liquidity RiskWritten lesson · 9 min
    • Financing and Interest Rate RiskVideo · 14 min
    • Building a Margin of SafetyWritten lesson · 9 min

  6. Module 6

    Real-World Examples

    3 lessons
    • Example: A Single-Family Rental UnderwrittenVideo · 14 min
    • Example: When the Numbers Look Too GoodWritten lesson · 9 min
    • Example: Comparing Two Properties Side by SideVideo · 14 min

  7. Module 7

    Case Study

    2 lessons
    • Case Study: The Midwest DuplexCase study · 15 min
    • Case Study Debrief: What the Numbers MissedWritten lesson · 9 min

  8. Module 8

    Final Assessment

    2 lessons
    • Final AssessmentQuiz · 6 min
    • Applied AssignmentAssignment · 11 min

Your instructor

Samuel Reyes

Samuel Reyes

Land & Development Principal, Reyes Land Co.

Samuel has entitled and developed more than 1,800 acres of residential and mixed-use land. He teaches site selection, entitlements and development feasibility.

Land InvestingDevelopmentOff-Market Sourcing
All courses by Samuel