The Real Estate Acquisition course is a fifteen week courses that meets once a week on Mondays from 6pm-8pm. In this course, renowned real estate developer Herbert J. Strather, will share the knowledge and skills needed to acquire income properties at the most attractive price and terms. Participants will develop the foundations of a profitable acquisition strategy. This is a follow-up courses 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.

If you are interested in learning how to structure apartment building deals and owning one for yourself, this is the class for you. You will learn creative ways to acquire commercial real estate and how to increase the property value after you buy it. You will find out the exact things to look for and how to evaluate them at a level that’s second to none.

This class is a hands-on course where you will be working at the round table with Mr. Strather to guide you through setting up your venture correctly. In this classes, you cannot graduate unless you have a deal cooking 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 these 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 Investment portfolio.

Weekly Course Topics

Joint Acquisition/Development Class First 6 Weeks   

  1. Orientation

    1. What does it take to become an Investor/Acquisitioner 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  

Acquisition Class Only

  1. The Art of Acquisitions

    1. The game plan

      1. The focus

      2. Leveraging methodology

    2. What does it take to succeed?

      1. The right Partners

      2. The right deal

      3. Flexible Seller

      4. The right Lender

      5. The right appraiser

      6. Enhancements are good

    3. Putting it all together

      1. The Chronology

  2. Multi-Family Housing: Moderate rehabs vs. substantial rehab

    1. Finding the deals

    2. Highest and best use

    3. Structuring the acquisition

    4. Entitlements

      1. HOME Funds

      2. Choice Vouchers

      3. Grants

      4. CDFI’s

  3. Retail development

    1. Finding the deals

    2. Leveraging tenants

    3. NNN leasing

  4. Deal making Earth to Heaven week 1

  5. Deal making Earth to Heaven week 2

  6. Graduation


Acquisitions and Community Development

This class has just started, but you can still enroll

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