Real Estate Investment Analysis

Investment analysis tools for real estate professionals. Cap rates, 1031 exchanges, REITs, and tax advantages of real estate investment.

8 Units

20 minutes per unit

Curriculum Map

What You Will Learn

1031 Exchanges

Like-kind exchange rules, timelines, qualified intermediaries, and the common mistakes that disqualify exchanges.

Investment Metrics

Cap rate, NOI, cash-on-cash return, and IRR — the analysis framework for evaluating investment properties.

Tax Advantages

Depreciation, cost segregation, passive activity rules, and Opportunity Zones.

All Units

20 minutes

Investment Performance Metrics

Master the fundamental financial metrics used to evaluate real estate investment opportunities, including cap rates, cash-on-cash returns, IRR, and NPV calculations.

•Calculate and interpret capitalization rates for investment properties
•Apply cash-on-cash return analysis to evaluate leveraged investments
•Compare internal rate of return (IRR) and net present value (NPV) methodologies

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20 minutes

Pro Forma Financial Projections

Learn to build comprehensive financial projections for real estate investments, including revenue modeling, expense forecasting, and sensitivity analysis of key assumptions.

•Construct detailed operating pro formas with appropriate revenue and expense categories
•Model rent growth, vacancy assumptions, and expense escalations over multi-year hold periods
•Evaluate pro forma assumptions for reasonableness and market alignment

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20 minutes

1031 Tax-Deferred Exchanges

Master the rules governing like-kind exchanges under IRC Section 1031, including identification requirements, qualified intermediaries, and strategic applications for portfolio management.

•Explain the requirements and timelines for completing valid 1031 exchanges
•Identify property types and transaction structures that qualify for tax deferral
•Calculate basis adjustments and recognize potential tax traps in exchange transactions

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20 minutes

Depreciation and Cost Segregation

Understand real estate depreciation rules, cost segregation methodologies, and bonus depreciation opportunities that create significant tax advantages for property investors.

•Apply MACRS depreciation schedules to residential and commercial real estate
•Identify property components eligible for accelerated depreciation through cost segregation
•Calculate the tax benefits and cash flow impact of bonus depreciation elections

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20 minutes

Passive Activity Loss Rules

Navigate the complex passive activity loss rules that limit tax deductions for rental real estate investors, including material participation standards and real estate professional status.

•Distinguish between passive and non-passive activities under IRC Section 469
•Apply material participation tests to determine active versus passive classification
•Calculate allowable passive losses and understand carryforward provisions

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20 minutes

REITs and Syndication Structures

Explore alternative real estate investment structures including REITs and syndications, covering regulatory requirements, tax treatment, and investor considerations.

•Compare REIT requirements and benefits versus traditional real estate ownership
•Structure syndication offerings to comply with securities regulations
•Evaluate waterfall distribution structures and promote mechanics in partnership agreements

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20 minutes

Qualified Opportunity Zones

Learn the tax incentives and compliance requirements for investing in qualified opportunity zones, including deferral, step-up, and elimination of capital gains.

•Identify qualified opportunity zones and eligible investment types
•Calculate tax benefits for opportunity zone investments at different holding periods
•Structure qualified opportunity funds to maximize tax advantages

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20 minutes

Real Estate Market Cycle Analysis

Master real estate market cycle dynamics, including phase identification, economic indicators, and strategic investment approaches aligned with cycle positioning.

•Identify the four phases of real estate market cycles and their characteristics
•Analyze leading economic indicators that signal market cycle transitions
•Adjust investment strategies based on current market cycle phase

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