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Real Estate Investing


Understand how real estate is valued, financed, and traded — from cap rates and REIT metrics to mortgage math and leverage. Essential for anyone analyzing REITs, evaluating property investments, or simply understanding the largest asset class most households own.

Before this course

These cover the assumed background. You can start here anyway — nothing is locked.

Understanding Valuation · Reading Financial Statements

Lessons in this course

Work through them in order, or jump to whichever fits where you are. Every lesson is free and saves your progress locally.

  1. 01Cap Rates and Property Valuation
  2. 02REIT Metrics: FFO, AFFO, and NAV
  3. 03Mortgage Mechanics for Investors
  4. 04Leverage in Real Estate
  5. 05Real Estate Cycles and the Broader Market
  6. 06REITs vs. Direct Ownership
  7. 07Building a Real Estate Allocation
  8. 08Retail: Anchors and Traffic Generators
  9. 09NNN vs Gross Leases (and Modified Gross)
  10. 101031 Exchange Mechanics and Limits
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