Introduction
Course overview
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1. Investing with Others
Why invest with others?
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Risks of investing with others
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Intro to the waterfall framework
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2. The Waterfall Examples
Waterfall examples overview
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No waterfall
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Two-tier waterfall
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Three-tier waterfall
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Four-tier waterfall
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Waterfall example summary
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Which waterfall to use
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3. Money-Losing Investment
What happens if the investment loses money?
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Waterfall example: Money-losing investment
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4. Additional Examples
Rental income with waterfall
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Fix and flip with waterfall
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Restaurant startup example
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Parking garage example
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Other situations ideal for waterfall
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5. Closing Thoughts
Closing thoughts on investing with others
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6. Bonus Materials
Waterfall modeling deep dive overview
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Modeling out the preferred return
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Modeling an IRR hurdle and cash multiple hurdle
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Modeling out the catch-up
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Wrapping up the waterfall model
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Ex_Files_Real_Estate_Waterfall_Framework.zip
(1.8 MB)