Bravo Zulu Learning Center

Understand the deal
before you invest.

Plain-English education on multifamily real estate, underwriting, financing, tax concepts, deal structure, and risk.

Understand the investment case for apartment communities and the major sources of return and risk.

Sponsors, limited partners, waterfalls, preferred returns, and deal structure.

NOI, cap rate, cash-on-cash return, IRR, equity multiple, DSCR, and leverage.

Rent rolls, T12s, operating forecasts, capex, debt, and sensitivity analysis.

Agency debt, bank debt, bridge loans, rate caps, and refinancing risk.

Depreciation, cost segregation, K-1s, and 1031 exchanges at a high level.

Financial, physical, environmental, legal, insurance, and tax review.

Plain-English definitions of common multifamily terminology.

Common questions about liquidity, distributions, K-1s, hold periods, and risk.

Understand the dealbefore you invest.