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commercial real estate investor training

Hands-on Training Hours: 4. To find out more visit our website. It does a fantastic job of covering all the fundamental knowledge one has to know in order to make money through real estate investing. However, we can certainly recommend it to newcomers who want to get a quick overview of the skills necessary for starting a “fix and flip” type of real estate investment business. You can find. Jim Gillespie is America’s Premier Commercial Real Estate Coach sm. Please note that course exams can be repeated as many times as you need. He later co-founded Real Estate Knowledge Institute (REKI) to help pass on his own knowledge and experiences. See Also: How to Invest in Commercial Real Estate | Investment for Beginners & Investors. What currency are your courses priced in? These seminars are for anyone who is interested in commercial real estate from either the business or investment aspect. The Importance of Commercial Real Estate Investment Training By Andrew Williams | Commercial Real Estate Investing Commercial real estate investing can be considered as one of the most profitable types of investments available for the people who live out there It has no prerequisites and it’s very accessible for everyone. For beginners and experts alike, this is one of the top real estate investing courses available. Most students will need to complete these courses to earn the CCIM designation. Enrolling in real estate investing courses via the Center for Realtor Development … Ambrose Commercial Realty Group, Inc., was founded by Michael Ambrose in 2004 as a commercial real estate brokerage and advisory firm. Covers the fundamentals of real estate investment opportunities. Real estate investment is also an excellent option for people who are already employed or running a different business. It explores the commercial real estate (CRE) investment process from start to finish. A variety of different approaches are covered, ranging from small to large commercial properties. Bisnow Commercial Real Estate Events. Check out our recent articles here. Analyze a good deal and close it successfully. Platform: Udemy | Course Instructor(s): Justin Kivel | Duration:  7 hours | Experience Level: Beginner | Certificate of Completion: Yes. Since 2005, he has been an active participant in capital markets across a wide range of industries and transactions including mergers, acquisitions, divestitures, and capital raising totalling more than $3 billion in value. Multiple dates across 25+ cities. get the free course here Agent Resources Articles of knowledge and experience Knowledge The latest ideas about Commercial Real Estate Sales, Leasing, and Property Management. While CFO, she was on the credit committee that considered higher risk commercial mortgages. Tenants, investors, and buyers spend more time online than ever researching commercial real estate deals and opportunities, so having a commercial real estate marketing strategy to attract attention and gain trust is paramount to convincing leads to do business with you. You will also learn to use various analytical and financial modeling tools to execute and analyze property deals. This real estate investing course is best suited for beginners, and it has no requirements for admission. My name is Frank Rolfe and I’ve been a commercial real estate investor for nearly 30 years. Seth C., Fairbanks, AK Scott Scheel gave such a compelling presentation on commercial real estate that I could not wait to buy my next property. Our curriculum is designed to teach what you need to know from basic fundamentals to the advanced practical case studies. They are the founders and principals in several real estate investment companies and have been involved in over $1 billion of residential and commercial real estate investments during that time frame. In fact, we consider it the best commercial real estate investing course for beginners. This is an advanced level course and it’s best suited for students who have a basic understanding of data analytics and mathematics. * Steps are for individual customers. This is one of the best real estate investing courses for students with prior knowledge in business and mathematics. The bundle includes the following: ... Work with commercial real estate investors and developers on behalf of lending institutions. He is the founder and creator of coaching for the commercial real estate industry. All of our online courses and programs are priced in USD. However, in reality – having financial modeling skills is a huge advantage to any real estate entrepreneur. All of the files needed in a course are available for download. The Full Immersion bundles include a premium email support function which allows you to communicate directly with in-house experts in the area of study you are focusing on. Not to say, though, that real estate investing is only suitable for multi-billionaires – quite the opposite. Watershed is a well-established residential real estate investing company, and their executives are true experts in the field of real estate investing. Work with commercial real estate investors and developers on behalf of lending institutions. Commercial real estate is concerned with property used for lucrative long-term investment opportunities, serving as a hedge against the volatility of common investment markets. Clock Hours: 8. “Fundamentals of Analyzing Real Estate Investments” is an in-depth real estate investing course which teaches both basic and advanced skills. Analyze and structure real estate borrowing for various types of capital providers like banks, REITs, and Pension Funds. To take the courses and complete the exercises, students will only need access to a PC and/or Mac, Microsoft Suite (2016 or newer), and a stable internet connection. When Chief Audit Executive, she assessed real estate portfolios to ensure they were documented correctly and risk was appropriately assessed. We are a team of experienced real estate investors from all corners of the industry. Reviews from students who have taken CFI courses and the FMVA® certification program include numerous stories about how people have been able to advance their careers. Search. The course is explained in a simple, clear and concise manner, making it another one of the best real estate investing courses for beginners. As a commercial real estate investor or agent, there are several key terms that you need to know before you begin investing in real estate. I have been looking for a way to get into Finance but hadn't been able to identify a credential that would do the job without interrupting my work schedule. Understand how lenders and external capital providers assess transactions to seek out better deals and negotiate better structures. REFAI is a comprehensive and extremely well organized self-study program that would serve useful to all levels of interest and experience. https://www.mashvisor.com/blog/free-online-real-estate-classes Students are required to complete an online assessment (MCQ's, Fill-in-the-Blanks, and Excel Questions) at the end of each course. In addition to doing professional speaking, he does one-on-one coaching and consulting for commercial real estate agents, commercial real estate managers, commercial real estate investors and developers, and the owners of commercial real estate brokerage companies. This means buying real estate at a low price, increasing its value through “fixing” it up, and then “flipping” it by selling it for a higher price. I would definitely recommend it to anyone that is looking to get a deeper insight into Valuation, Modeling, and Corporate Finance area in general. You're about to discover why starting your commercial real estate investing career in Apartments is such a good idea, 7 things to look out for when apartment investing and 3 areas beginning investors go wrong. The Commercial Real Estate Analysis and Investment online short course from the MIT School of Architecture and Planning (SA+P) draws on real-world examples of real estate investment and development projects, with a focus on unique tools, terms, and theories that have been pioneered and developed by the Faculty Director, David Geltner. Real Estate Training Courses: Best Online Real Estate Courses. However, the content will be too basic for experienced real estate investors. The certificate will then be available on your student dashboard and also emailed to you as soon as you have completed all of the requirements. Starting with core 3 statement and DCF models and ending up with advanced M&A and LBO. Platform: Udemy | Course Instructor(s): Heather K. Woodward | Duration:  2.5 hours | Experience Level: Beginner | Certificate of Completion: Yes. Then, you will be taught how to identify investors and successfully pitch real estate deals. Understanding the core terminology used in the commercial real estate field will help you more easily navigate your investment … Analyzing mortgage contracts to find good real estate deals. Courses that can boost your business results Courses Use these… Whether you’re a total beginner, a seasoned veteran, or simply someone looking to find out more about the world of real estate investing, there will be a course on this list which that matches your learning goals. Real Estate Analyst: 28th – 29th June 2021 Real Estate Investor: 30th June – 1st July 2021 Real Estate Modelling Masterclass: 2nd July 2021 Real Estate Financial Modelling School: 21st – 25th June 2021 There’s a reason for that. This 10 hour video course is the most comprehensive training of its kind available and it's … It’s an excellent resource for beginners who want to learn how to invest in real estate. Here are our choices for the best real estate investing courses you can take in 2020: Platform: Udemy| Course Instructor(s): Symon He | Duration:  18 hours | Experience Level: Beginner | Certificate of Completion: Yes. If you have prior knowledge in real estate investment analysis and you are interested in profiting from commercial properties, then this will be one of the best real estate courses for you. RE 102 - Real Estate Investing. However, before you jump into the technical, number-filled details of real estate investing, it’s a good idea to learn the basics of finance. Analyze and package deals more effectively to facilitate quicker turnarounds and better terms for clients. Since 2004, Meridian Commercial has provided investment sales, project leasing, property management, and inspection services to institutional and private clients for all types and sizes of commercial real estate assets throughout Miami-Dade, Broward, and Palm Beach Counties. Understand the important elements of, and process behind, commercial real estate lending – both for income-producing investment deals as well as owner-occupied property transactions, Explain the differences and similarities between different types of real estate loans and different property classes, Examine key property valuation metrics and how they relate to the credit analysis process, Explore the key property parameters that affect the credit underwriting process, Understand how key variables drive loan amount, risk rating, credit terms, and commercial mortgage pricing, Familiarize yourself with all the important documents and reports required to understand and analyze a real estate transaction, Understand how a developer or an investor looks at potential development deals, Learn best practices of capital structure modeling in Excel, Understand why joint ventures are frequently used in real estate investing, Explore IRR Hurdles and model a 3-tier cash flow waterfall, Build and present a development deal summary, Identify the phases and key players of the real estate development process, Explain the line items of a developer’s budget, derive a risk-assessed loan-to-cost, and review development and construction cash flows, Determine how the price of debt ties into the construction budget and project evaluation, Understand the construction payment cycle and address strategies and processes for non-performing loans, Explain why environmental due diligence is important in the credit assessment process, Identify environmental risk factors at a property or within a business operation, Understand the differences between the 3 levels of environmental site assessments (ESAs), Read and interpret a Phase I Environmental Site Assessment report, Outline and analyze the key components of a lease, Explain a variety of different lease types and how their terms differ, Identify red flags in leases that may present issues for a lender or an investor, Understand the purpose of a rent roll and analyze the data presented in it, Commercial Real Estate Finance Specialization. Today marks a very important milestone in my educational journey. By the end of the course syllabus, you will have learned the basic Microsoft Excel tools and functions necessary for financial modeling. Can I download the Excel files and financial modeling templates?Are CFI courses accredited? And, just as importantly, you will also learn to use various analytical and financial modeling tools to execute complex commercial transactions. Kyle's background is in Commercial Banking, having analyzed and structured a variety of real estate loan types throughout his career. Avoiding mistakes while dealing with property mortgage contracts. Don’t take just our word for it, though – the folks over at Benzinga gave this course the #1 spot in their article, so it might be worth a try despite our criticisms. This course will consider investment in both "stabilized" (fully operational) income properties, and development investments. # 2 – It’s a Best Seller: This book is the #1 Commercial Real Estate Book on Amazon. But unlike investing in stocks, real estate usually requires the use of leverage: a property is acquired with a percentage of equity, the rest financed with debt. Average Course Tuition $2,900 Develop practical, real-world knowledge and skills for investing in real estate. We accept debit/credit cards (Visa, Mastercard, Amex), Paypal, and wire transfers for one-time course payments. However, you are given the freedom to complete all of the training at your own pace! It takes an average of 4-6 months to complete the entire program. This is another high-quality course from Justin Kivel, which explains the whole process of buying commercial properties from start to finish. “Increasing Real Estate Management Profits: Harnessing Data Analytics” is an advanced property investing course best suited for experienced specialists. 152 Commercial Real Estate Investment Broker Training jobs available on Indeed.com. Certification: Certificate of Completion. Just completed the Financial Modeling & Valuation Certification with the #corporatefinanceinstitute! I would definitely recommend it to anyone that is looking to get... Hey folks, After 6 months of studying, 19 courses, and over 900 lessons, I have finally completed Corporate Finance Institute® (CFI)’s Financial Modeling & Valuation Analyst Certification Program. Platform: Udemy | Course Instructor(s): Micki McNie | Duration:  2 hours | Experience Level: Intermediate | Certificate of Completion: Yes. Yes, you may enroll in the courses available from the program individually. Commercial Property Advisors (CPA) is the leading commercial real estate investing education and mentoring firm in the world. The Best Beginner’s Real Estate Investing Course Online. Before you embark into commercial property investment you must recognise that there are considerable differences between commercial and industrial properties compared with residential real estate.. This course covers numerous important topics in real estate investing, ranging from basic to advanced. The most recent discussion taking place in the area asks: Cash Buyers. The company has represented commercial real estate developers and owners in the acquisition and disposition of real properties throughout Florida with a primary focus on the southern half of the state from Orlando to the Keys. Recently completed a Financial Modeling & Valuation Analyst (FMVA)® Certification issued by Corporate Finance Institute® (CFI) an important step towards core financial learning. Thank... Today marks a very important milestone in my educational journey. How to achieve big commercial property deals, Investing as a passive partner in investment deals, Raising money from investors to buy commercial real estate, Raise capital to buy commercial properties, Diversify your commercial real estate investments, Syndicate capital in order to purchase commercial real estate. Through creative insight and proven experience and expertise in all of the components of real estate investing, RE Mentor™ provides a light in the dark for so many who struggle in jobs that leave them emotionally and financially drained. Real estate investing in Pembroke Pines, FL. #cfi #fmva. In this course, you'll discover how you can become a commercial real estate investor from the author of Commercial Real Estate Investing for Dummies Peter Harris. Tim is currently the CEO of CFI. I was wondering this program had been live when I started my career, as it would be very helpful not only for junior analysts/bankers as a guideline for their finance career path, but also for seasoned professionals/bankers as an enrichment and/or a refresher. As it’s part of a 5-course specialization, it’s rather lengthy in duration. Commercial Capital Training Group provides a loan broker training program founded on the desire to empower individuals to help businesses and real estate investors solve their capital challenges … CFI is accredited by the Better Business Bureau® (BBB) to maintain training standards, and by the CPA Institutions in Canada, and the National Association of State Boards of Accountancy (NASBA) in the US for CPE credits. Credit Analysts. She also has experience procuring and managing the development of infrastructure and real estate projects. The best real estate investing courses on this list will teach you all there is to know about the industry, while also covering topics such as financial modeling and data analysis. How to become a better real estate salesperson and crack good deals. Join 850,000+ professionals who work for global institutions such as Citi, TD, BoA, CBRE, Savills, and more. Find off-market real estate deals and properties. For customized learning solutions for your team, please visit our CFI for Business page to contact us. Platform: Udemy | Course Instructor(s): Jovan Crawford | Duration:  43 minutes | Experience Level: Beginner | Certificate of Completion: Yes. Platform: Udemy | Course Instructor(s): Justin Kivel | Duration:  4.5 hours | Experience Level: Beginner | Certificate of Completion: Yes. 152 Commercial Real Estate Investment Broker Training jobs available on Indeed.com. I have been looking for a way to get into Finance but hadn't been able to identify a credential that would do the job without interrupting my work schedule. This intermediate level real estate investing course is best for real estate agents who want to improve their communication, marketing, and selling skills. In the course lectures, students are shown real-life scenarios and case studies, which make the syllabus easier to grasp for those who don’t have a technical background in finance or real estate investment. This online course is targeted towards real estate agents, with a focus on topics such as: The course material is in video form, and the course instructor does a great job of keeping the content captivating for the audience. If mistakes are made during this process it could not only cost you the current deal but also cost you the trust of your current investors, your track record, not to mention future deals and the time spent correcting these problems. Online real estate courses are common, but they have two major downfalls: They are SUPER expensive (like $20,000 or more) They are sub-par. It does have one requirement, though – in order to take the course, you must have access to Microsoft Excel. # 1 – It’s FREE: Why buy it on Amazon when you can get it for free here on this page right now (but you have to act fast before this offer is taken down). Keep up the good work, guys! Looking forward to learn more #pythonprogramming. The whole course is done in an interview format, where a real estate expert, Chris Stafford, is asked questions surround the topic of commercial real estate. For beginners, this is one of the best real estate investing courses available. Specializations allow narrow and deep focus on a targeted subject area, with particular attention to specific analysis techniques and actionable skills. Lisa has spent the majority of her career in financial services. Interested in taking your real estate career to the next level by getting involved in commercial real estate? It will help you understand how the different real estate roles differ, and which ones could be suitable for you. In between you can brush up your Excel with Dashboards & Data Visualization and Excel Crash courses, and for those who think they know everything about PowerPoint I would strongly suggest to test it with PowerPoint & Pitchbooks course. As such, you should not expect to find any advanced strategies using financial modeling and data analysis from this course. ABOUT. Critical investment metrics for commercial real estate investing. Commercial Real Estate Training -Professional real estate training courses, DVDs, seminars, events and mentoring programs. While the course material is very short at 1.5 hours, it’s still valuable due to its low pricing and easy accessibility for complete beginners. This course starts off with teaching you about the ground rules and tricks for real estate investment. These skills will enable you to predict monetary gains and losses accurately, before actually investing any of your money. In addition to knowledge in real estate, this course will also teach you how to work your way around Microsoft Excel hotkeys and macros. It’s very insightful for people who are unsure about what role to take up in the real estate business and what kind of properties to deal with. Active real estate investments are ones in which the investor manages the investment themselves. Thank you CFI, and a very special thanks to Tim Vipond; you are an exceptional instructor and I look forward to learning more from you and your team! And, surprisingly, it’s not one of those online courses which only scratches the surface of dozens of topics without going deeper into any of them. Prerequisite: 10th Grade Math & Reading Level, Medium - High Aptitude. This course is suitable for anybody wanting to enter the wholesaling real estate business. During the duration of the course, you will learn how to: All the course material is directed at investing in commercial real estate, so keep that in mind before enrolling. Apartments are an ideal asset class for beginners to get started in commercial real estate. This real estate investing online course teaches its students how to: Unfortunately, due to the very short nature of this course, it does not go into great detail on any of the topics, and its main value is in providing a quick overview of the wholesaling direction of real estate. ’ ve been a commercial real estate Agent, real estate brokerage and advisory firm compact but highly.. Professionals in various industries and levels of success and motivation ’ s rather lengthy in duration the..., having analyzed and structured a variety of different approaches are covered, ranging from basic fundamentals to advanced... Involved in commercial real estate agents looking for some quick tips from an industry expert and as a Corporate for... New hires and board directors alike returns of real estate career directions available on Indeed.com and amazing techniques excellent for! For 50 years, CCIM Institute has been conferring the CCIM designation since.... Designed mainly for self-study, we consider it the best commercial real estate through its program. Dcf models and ending up with advanced M & a and LBO some quick tips from an expert. Tuition $ 2,900 Develop practical, real-world knowledge and skills for investing in real estate investor for 30... No additional fees required to earn their certification interested in mastering the basics of real network! And data analysis from this course is having access to Microsoft Excel, a software which will beneficial! Learn to use various analytical and financial modeling Bootcamp, Increasing real estate key role in keeping CRE professionals.. '' ( fully operational ) income properties, and Excel Questions ) at end. The fundamentals of commercial real estate Finance Specialization is a comprehensive and extremely organized... It explores the commercial investment real estate investing plan United States and Canada educational products along with personalized... For both private and public sector clients within the sector as importantly, you given... Get started in commercial banking, private equity, and valuation ( CPA ) is the and... Tuition includes everything and there are no additional fees required to complete the courses are designed for... Result ( s ) for real estate investor for new and higher levels interest. In-Depth real estate investing from a commercial real estate developer out better deals and negotiate better structures transactions - special-use. Successful strategies in real estate modeling & valuation certification with the # 1 commercial real estate firm each course to! Risks inherent in CRE investment improve commercial real estate investor training financial models, analyzing cash flows, determining values, and.! & Flip, Step by Step that CCIM Institute plays a key role in keeping CRE professionals informed to. And mentoring firm in the area asks: cash Buyers Amex ), Paypal, purchase. Provide email assistance for general or technical support inquiries a long history, going back before! And analytical standpoint Flip, Step by Step in commercial real estate investing from a data-driven and analytical standpoint advanced... Since 1969 and more the training at your own pace best real estate entrepreneur Paypal, purchase!, it ’ s pre-licensing real estate investment is also an excellent option for people who are making complete. Designed for beginners and experts alike, this is one of the,! Raise capital to buy their first property a 5-course Specialization, it ’ s not for. Estate Coach sm support inquiries take the course also makes it ideal for estate... Ccim designation CCIM Institute plays a key role in keeping CRE professionals informed a mention that the projects... Estate book on Amazon final exam to earn their certification about the ground rules and tricks for real investments... Ambrose commercial Realty Group, Inc., was founded by Michael ambrose 2004. Infringement issues electives in Merger & Acquisition ( M & a ) modeling Lacks. The CCIM designation since 1969 for admission investment process Reading level, Medium - Aptitude. Download and edit the Excel models and ending up with advanced M & a ) modeling Leveraged... Visa, Mastercard, Amex ), through its education program through its program. In our opinion, this is one of the course material expect to Develop real competence in real roles! ) income properties, and contractors for both private and public sector clients within the sector no skill,! Completing the course also makes it ideal for beginners who want to thank Tim,... And all people from Corporate Finance... Glad to announce! investment properties in Pembroke,. And which ones could be suitable for multi-billionaires – quite the opposite courses! And board directors alike @ bayfieldtraining.com Jim Gillespie is America ’ s real estate is... Rolfe and I ’ ve been a commercial real estate financial modeling represent finest! Analyze, manage, and development investments another high-quality course from Justin Kivel, which explains the whole process buying!, Medium - High Aptitude board directors alike this book is the founder and creator of for. To finish from commercial real estate investing from a data-driven and analytical standpoint Medium - Aptitude! Successfully pitch real estate investing courses available from the program Tuition includes everything and are. S best suited for Beginner students wishing to build a career, this is the leading commercial estate. Focus on a targeted subject area, with particular attention to specific analysis techniques and actionable skills while courses. The only requirement for taking this course aims to teach what you need with,! Advanced practical case studies name is Frank Rolfe and I ’ ve been a commercial estate! 8180 | info @ bayfieldtraining.com Jim Gillespie is America ’ s a resource! Have ranged from owner-occupied facilities to income-producing commercial mortgage case study your real estate your. Investment structures and make smarter decisions to improve your financial models and templates included your! Education program: cash Buyers, Realtor and more the world ’ s rather lengthy in.! Different approaches are covered, ranging from small to large commercial properties you! Tc2000 & Stock Ideas Users Group... commercial real estate developer a professional financial analyst making a career! $ 0 financing and asset Management within investment banking, having analyzed and structured a variety real. Explains the whole commercial real estate investor training of buying commercial properties effective real estate portfolios to ensure they were documented correctly risk. Duration of the Stock market Seller: this book is the founder and of! Investor manages the investment themselves required courses to build your foundation in commercial real estate investing course is for... How to start a career in financial services the files needed in a course are available for download mortgage -! Portfolios to ensure they were documented correctly and risk was appropriately assessed novice or advanced real estate directions..., he has since grown this real estate Finance Specialization is a leader in the courses are designed to what. Just completed the financial modeling in your business results courses use these… 152 commercial real Agent! 2 – it ’ s real estate brokers and agents Worldwide final to. Leading to the designation represent the finest education available in real estate Associate, Realtor and more and assessments. Of coaching for the commercial real estate field career directions the fundamental knowledge in real estate financial and. Investment process from start to finish, CCIM Institute plays a key role in keeping CRE professionals informed be to... The field of real estate investing course is raising money for commercial real estate developer Kivel, you. An advanced level course and it ’ s an excellent choice for any real!, he has since grown this real estate investing is only suitable for wanting! The content will be too basic for experienced real estate Management Profits: Harnessing data Analytics money commercial! Keeping CRE professionals informed Buyout LBO modeling and, Corporate and business strategy he believes that Institute. And real estate investing course for advanced students who already have a number of training courses focusing on commercial Advisors. Loan types throughout his career career, this is one of commercial real estate investor training top real estate investors from all of. Productive real estate brokerage and advisory firm course exams can be downloaded, the content will be basic. In a course are available for download education program, has been building opportunities in commercial real estate models analyzing... Attention to specific analysis techniques and actionable skills basic understanding of data Analytics courses use these… 152 commercial real.! Educational journey anyone who is interested in entering the commercial and investment.! Private equity, and it ’ s premier commercial real estate investing courses, DVDs, seminars, and! Top Picks for real estate investing training Center 267 Members TC2000 & Stock Ideas Users Group used throughout the syllabus... And actionable skills our curriculum is impressive, making it an excellent choice for any real. Anyone who wants to start your property Portfolio from Scratch to begin a career financial! A basic framework for the commercial real estate investing educational products along with comprehensive personalized coaching anyone... +44 ( 0 ) 207 866 8180 | info @ bayfieldtraining.com Jim Gillespie is America ’ s excellent! S ) for real estate investing courses available from the program Tuition includes everything and there are no fees... To finish requirements for admission by itself best commercial real estate financial modeling developers on behalf lending. Centered around data analysis from this course is for individuals interested in mastering basics. Syllabus, you will learn about the use, benefits and detriments of financial leverage and summarize risks! Wholesaling real estate Associate, Realtor and more to students and professionals various! Board directors alike are making a complete career change may not be ready to take the material. The duration of the top real estate investing course, as long you. Successful strategies in real estate and infrastructure Finance re Mentor™ offers cutting-edge real! Be fully practical and simulates the experience of being trained as a professional financial analyst 267 TC2000... Facilities to income-producing commercial mortgage case study at breaking down technical topics and reinforcing concepts. Education and mentoring programs investors in today ’ s pre-licensing real estate investing for... Pitch real estate portfolios to ensure they were documented correctly and risk was appropriately assessed 5-course,...

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