Community Development 

The Community Development course is a fourteen week course that meets once a week on Mondays from 6pm-8pm.  This course is designed to analyze the real estate development process primarily from the perspective of the equity participant.  If you are interested in developing a neighborhood, a block, or even have an interest in special case developments, then this is the class for you.  This course concentrates on the identification and evaluation of critical assumptions related to the financial feasibility, construction/rehab, and financing of economically viable real estate developments. Inherent risk factors, and ways to manage risk, are also explored. All phases of the development process are examined: idea conception, marketability, financial feasibility, contract negotiations, and debt and equity financing.

This class is a hands-on course where you will be working at the round table with Mr. Strather to guide you through the development process. In this class, you cannot graduate unless you participated in a deal and/or closed a deal. Finding or creating value is a tool needed in the real estate business, especially on the commercial side. Who is better to help you than someone like Herb Strather, who has closed over 2 billion dollars in deals? Buckle up for this classes! There will be a lot of number running and negotiations. Learn how to think outside the box and join forces with others to build and stabilize your development for a better community.

This is a follow-up course to the Quick Start Program, but it is not required that you take the quick start program if you have experience in real estate. If you feel like this is the case, please call (313) 444-9691 to setup an an interview.


Weekly Course Topics

Joint Acquisition/Development Class First 6 Weeks   

  1. Orientation

    1. What does it take to become an Investor/Acquisiiotner or Developer?

    2. What is a Investor/Acquisitioner?

    3. What does development mean

    4. What does leverage mean?

    5. Homework

  2. Blitzing for opportunities

    1. Finding the deals

    2. Underwriting the opportunity

    3. Making contact with the Seller  

  3. Running preliminary numbers

    1. Determine the current and projected NOI

    2. Determine Cap Rates

    3. Determine value range

  4. The purchase agreement

    1. PA for flipping

    2. PA for assignment

    3. PA for acquisition

  5. Negotiating with the Seller

    1. Structuring a Gift Sale

    2. Structuring LLC mergers

    3. Structuring 1031 Tax Free Exchanges

    4. Using Participating Promissory Notes

  6. Packaging your deals for lenders

    1. Executive Summaries

    2. Deal presentations

    3. Resumes

    4. Personal Financial Statement

    5. Exit strategies  

 

Development Class Only

  1. The Art of the Development

    1. The vision

    2. What does it take to succeed?

      1. A good deal or concept

      2. Public/Private Partnerships

      3. JV’s

      4. Entitlements

    3. The team

    4. The game plan

    5. The Chronology

  2. Developing Multi-Family Housing

    1. How MSHDA works part 1

      1. Regulations

      2. Scoring

      3. Bi-Annual submissions

  3. Developing Multi-Family Housing

    1. How MSHDA works part 2

    2. Guest speaker

  4. Retail development

    1. Selecting sites

    2. Selecting tenants

  5. Moderate rehabs

    1. Selecting the project

    2. Measured upgrades

    3. Entitlements

      1. HOME Funds

      2. Choice Vouchers

      3. Grants

  6. Deal making Earth to Heaven week 1

  7. Deal making Earth to Heaven week 2

  8. Champagne Graduation


Community Development
5,000.00

This class has just started, but you can still enroll

Quantity:
Add To Cart

Strather's Special
6,000.00

Bundled deal of The Quick Start Program and Acquisitions or Community Development 

Add To Cart

Complete Real Estate Investors Program Package
10,000.00

 (includes Quick Start Program, Community Development & Acquisitions)   

Quantity:
Add To Cart

  PLEASE CALL (313) 444-9691 OR EMAIL HERBSTRATHER@GMAIL.COM FOR ANY PAYMENT PLAN REQUESTS.