Self-paced program
Four Stages
The whole system, documented and without me in front of you: mandate, market, underwriting and operation. It is what I teach in the mentorship, in a format you can revisit every time a new deal lands on your table.
- MODULES
- 9
- LENGTH
- 14 h
- ACCESS
- Lifetime
- LANGUAGE
- English & Español
Curriculum
Nine modules, in the order you use them.
- 01
Mandate: what the money is for
The decision almost nobody writes down, and the one that determines all the others.
- Income target and real horizon
- What loss you can hold without selling
- Available capital and leverage ceiling
- 02
How to read a market
The data that matters and the data that only makes noise in a deck.
- Demand: employment, population, household formation
- Supply: permits, stock and pipeline
- Liquidity: time to sell and depth of buyers
- 03
Tax and structure for non-residents
What changes when you buy abroad, and why it has to be settled before you sign anything.
- Personal name, local company or intermediate vehicle
- Withholding, treaties and double taxation
- The real cost of repatriating the income
- 04
The underwriting model, line by line
The complete spreadsheet, unlocked and explained cell by cell.
- Gross rent, vacancy and arrears
- Recurring costs versus capex
- Net operating income and its traps
- 05
Debt: structure, security and covenants
Half the return comes from here, and it is the half least studied.
- Fixed, floating and hedging
- Term, grace period and amortisation
- What a guarantor actually signs
- 06
Scenarios: base, stress and break
Build the bad case first and decide with it in front of you.
- What to move, and by how much, in each case
- Debt service coverage
- Break-even occupancy and what to do with it
- 07
Due diligence and negotiation
From interest to signature without inheriting somebody else’s problems.
- Document checklist by country
- Charges, occupancy and tenancy status
- How to negotiate with the number, not the enthusiasm
- 08
Operations: picking a manager, building the reporting
The boring part that decides whether the income ends up passive.
- How to select and incentivise a manager
- The minimum viable monthly report
- Reserves: how much, where, and when they get touched
- 09
Refinancing and recycling capital
How a portfolio grows without putting in new money every time.
- When refinancing makes sense and when it doesn’t
- Equity release and its real cost
- A purchase sequence that doesn’t run you out of cash
What is included
Beyond the videos.
- The underwriting model as a spreadsheet, with no locked cells.
- Market scorecard with the 22 indicators I use to rule places out.
- Due-diligence checklists for Spain, Portugal, Greece and the United States.
- Letter-of-intent and manager-mandate templates.
- One real deal teardown every quarter, on video.
- Private community of 640 investors, with no upsells.
Fit
It is for you if
- You want to be able to decide yourself, not have someone decide for you.
- You have, or will have, capital to buy within the next twelve months.
- You are willing to drop deals you like because the numbers don’t work.
- You buy, or will buy, outside your own city or country.
It is not for you if
- You are looking for packaged deals to fund and forget.
- You want a return guaranteed in writing.
- You expect results without putting hours into the first two purchases.
- You need personalised tax or legal advice: that is a different professional.
Questions
- What if I want the mentorship later?
- Four Stages is included in the private mentorship. If you enrol now and join the mentorship afterwards, whatever you paid comes off the mentorship price. You never buy it twice.
- Does it work if I buy in a country that isn’t in the checklists?
- The method is the same everywhere; what changes is the tax and the paperwork. The checklists cover four countries, and module 3 teaches you to build your own for any other.
- Is there a refund?
- Fourteen days from purchase, no questions asked, even if you have watched the whole thing. It is what the law requires and it seems fair enough.
- Does it get updated?
- Yes, and updates are included. The quarterly deal teardowns land in the same access.
If you would rather see it before paying for it.
The free 40-minute training is module 4 in short form. If that way of working suits you, the rest of the program is more of the same.