The course
5 modules, about 25 minutes, in reading order.
Start here: what you're buying
What an alternative investment actually is, how a private offering comes together, who stands in line ahead of you, and who can invest. Read this first, because everything else builds on it.
How returns work
The two ways an offering pays you, income while you hold and a gain at the exit, and the stats that measure each: what they mean, and what they can't tell you alone.
Asset classes and strategies
The eight classes, what actually drives each one's returns, and the stage dial, from stabilized to ground-up, that sets the risk.
Offering structure and the waterfall
Sponsors and investors, fees, the preferred return, catch-ups and profit splits. Then run the waterfall yourself with the simulator.
Tax advantages
Depreciation, the oil-and-gas write-offs, 1031 exchanges and Opportunity Zones: what each one shelters, and for whom it actually matters.
Need to look something up? The glossary has every term from the course in one place.
The drill room
5 scored drills on scenarios, math and red flags. Take them after the modules, or jump straight in and see what you already know.
Waterfall math
Given a pref, a split and an exit, work out who gets what. The core mechanic of every offering.
5 questions
Which stat matters?
IRR, equity multiple, cash-on-cash, hold. Pick the number that actually answers the question being asked.
5 questions
Estimate the check
Yield × cadence × amount: know exactly what lands in the account, and when.
5 questions
Due-diligence detective
Read the offering summary and find the red flag, the instinct that protects every investor.
5 questions
Offering matchmaker
Given an investor's goals, pick the profile that fits: asset class, stage, return engine and tax angle.
5 questions
Educational content only. Nothing here is investment, legal or tax advice, and no return mentioned in the course is a promise of any kind.
Ready to start?
5 short modules, about 25 minutes. No account needed.
