The 12-week practitioner program for serious investors ready to expand into ground-up construction. You underwrite a real deal, learn the county/city, contractor, HUD, draw, design, and senior-debt pieces, and leave with one ground-up experience you can speak to with confidence.
You know ground-up can expand your investing capabilities. But the first project exposes every gap: land, numbers, contractor vetting, approvals, HUDs, draws, and the structure lenders expect you to understand.
They can tell when you do not have ground-up experience yet. If you do not have a track record, your numbers, team, contractor plan, and approval path have to prove that you understand what you are asking them to fund.
You do not understand the numbers deeply enough yet to know if the land is good. You need to price the dirt, test the ARV, comp the area, understand the build cost, and know whether the deal actually works before you move.
They want to know you can work with the right contractors and vet them before money is at risk. If you cannot evaluate bids, scope, references, timelines, and draw expectations, the deal looks fragile before it starts.
A good deal is not guessed.
It is underwritten, vetted, approved, and built.
We help with the underwriting. By the end of the program, you have one deal done and under your belt, plus the opportunity to be considered for a second ground-up partnership experience after the course.
You underwrite one ground-up opportunity from land and ARV through budget, HUD, draws, approvals, contractor plan, and exit.
Learn how to decide if the dirt is good, comp the area, confirm ARV, and protect your assumptions before you commit.
Scopes, bids, references, draw expectations, timelines, and accountability systems so the work can actually get done.
Title companies, appraisers, county/city offices, permits, inspections, and approvals organized into a buildable sequence.
Understand your HUD, how senior debt works, what draw schedules require, and how money actually moves through a build.
Graduates who execute at the standard can be considered for a second ground-up partnership opportunity with us after the program.
The program covers the real pieces of ground-up construction: business structure, title companies, appraisers, county/city approvals, numbers, HUDs, contractors, software, interior design, legal, accounting, goal setting, draws, comping, senior debt, and approvals.
Set up the entity, operating expectations, legal structure, accounting rhythm, and goals before a project starts creating risk.
Understand who touches the file, what each party needs, and how to read the HUD before the numbers surprise you.
Pull comps, test ARV, read the land, and decide whether the parcel gives the project enough room to work.
Land, hard costs, soft costs, carry, contingency, sale price, timelines, and exit math built around a real deal that gets reviewed.
How senior debt is sized, what the lender reviews, what gets conditioned, and how draws affect the build.
How to find the right contractors, compare bids, check references, define scope, and protect the project before work starts.
Use the program tools, recordings, assignments, and practice problems to build fluency instead of memorizing vocabulary.
Work through the county/city path, approval sequence, permit expectations, and appraiser considerations before they delay the project.
Understand draw requests, inspections, reserves, contractor payment expectations, and the controls that keep a build moving.
Connect finish selections, budget discipline, bookkeeping, and investor goals so the project is not just modeled but manageable.
Ready to build something worth underwriting?
Apply Now →We run a weekly deal review call where we actually underwrite the deal. You bring the assumptions, we pressure-test the numbers, and the work gets cleaner every week.
By the end, you have one deal done and under your belt with the numbers, structure, and build logic documented.
We review assumptions, comps, land basis, HUDs, contractors, draws, approvals, and senior debt in context.
Terminology, recordings, assignments, practice problems, blogs, videos, and underwriting tools are organized for support.
Students who meet the standard can be considered for an opportunity to partner with us on a second ground-up experience.
The 30-Day Pathway gives you a clean runway into the work. It reinforces the language, the numbers, the assignments, and the habits you need before the deal review reps get deep.
You also get access to the full back office. Terminology, lesson recordings, assignments, practice problems, educational blogs, videos, and underwriting tools are there so you can keep working between live sessions.
Same curriculum. Same weekly deal review. Same back-office support. Join weekly evening workshops and, when offered, Saturday/weekend in-person sessions.
Weekly evening workshops. All sessions recorded. Weekly deal review. Submit assignments, practice problems, and deal materials through the program support system.
Everything in Live Online, plus Saturday/weekend in-person sessions focused on underwriting reps, contractor conversations, scopes, HUDs, and build execution.
No fake syndication jargon. No technical theater. These are the pieces you need to accurately build ground ups.
Weekly evening workshops covering the ground-up process from structure through execution.
We actually underwrite the deal with you and review the assumptions as the work develops.
You finish with one real ground-up deal underwritten and documented.
Terminology, recordings, assignments, practice problems, blogs, videos, and underwriting tools.
A structured ramp into the terminology, assignments, and practice reps.
How to work with contractors, title, appraisers, county/city offices, HUDs, draws, and approvals.
Qualified graduates can be considered for a chance to partner on a second ground-up experience with us.
In-person reps when offered for students who want more hands-on work.
This is a high-expectation course. We are clear about what we provide, what you are expected to do, and what is earned through performance.
If you do the work, we work through one real ground-up deal with you so you leave with actual underwriting under your belt.
You are not left alone with a spreadsheet. We review the deal weekly and help you tighten the numbers, assumptions, contractors, and approval path.
Students who meet the standard may be considered for an opportunity to partner with us on a second ground-up experience after the program.
You keep access to the terminology, recordings, assignments, practice problems, blogs, videos, and tools that support the work.
High expectation. Real reps. Real support.
That is the standard.
Our graduates are serious investors, real estate operators, or people already working in the real estate trades who want to expand into ground-up construction.
You should be able to explain the deal, the land, the comps, the ARV, the build cost, the HUD, the draw schedule, the contractor plan, the approval path, and the senior debt clearly enough for serious people to take the project seriously.
Comps and ARV. Graduates are expected to know how to pull comps, test ARV, and decide if the land gives the deal enough room to work.
Contractors and scopes. Graduates are expected to know how to vet contractors, compare bids, check references, and manage draw expectations.
Approvals and controls. Graduates are expected to understand HUDs, title, appraisers, county/city approvals, senior debt, and accounting goals.
Juan and Lamin teach from the operator side of the table. The point is not theory or course hype. The point is helping serious investors understand how ground-up construction actually gets underwritten and built.
Developer for 5+ years. House flipper for 8+ years — multiple homes sold at multiple six figures. As a general contractor, Juan focuses exclusively on investor properties and projects — not commercial — which means he builds with operators, not for institutional clients. The man who actually swings hammers on the deals he teaches you to underwrite.
Real estate investor for 10+ years across wholesaling, investor lending, house flipping, and ground-up construction. Serial entrepreneur. Brings every angle of the business — sourcing, capital stack, structuring, exit — into the curriculum because he's done all of it.
The weekly review call is where the program becomes practical. We look at your numbers, your comps, your HUD, your contractor plan, your draw assumptions, your approvals, and the next decision the deal needs.
Terminology, lesson recordings, assignments, practice problems, educational blogs, videos, and underwriting tools are organized so you are not guessing between sessions.
If yours isn't here, email support@theartofunderwriting.com. We answer everything within 24 hours, personally.
This is a high-expectation course. The best fit is someone who is already a serious investor, has real estate investing experience, or works in the real estate trades and is ready to expand into ground-up construction. There is a light application process so we can confirm fit.
Plan for weekly evening workshops, a weekly deal review rhythm, and focused work between sessions. The exact workload depends on your deal, but this is not a passive course. The work is the point.
The core program runs through weekly evening workshops and deal review. When in-person sessions are offered, they are Saturday/weekend sessions for deeper hands-on work.
The 30-Day Pathway gives structure to your early reps. The back office includes terminology, lesson recordings, assignments, practice problems, blogs, videos, and underwriting tools.
Yes. We help you underwrite one real ground-up deal by the end of the program. Students who meet the standard may also be considered for a chance to partner with us on a second ground-up experience.
You keep working the reps. The course is built around review, assignments, support tools, and back-office resources so you can keep tightening the deal instead of walking away with vague notes.
Routinely. We provide W-9, an itemized invoice, and a CPE-style program description that reads cleanly as professional development. Real-estate firms, family offices, and single-asset GP shops have all written this off as continuing education.
Click "Apply Now," fill out the short application, and one of us reviews it personally within 48 hours. We accept a limited number of students and look for fit, seriousness, and relevant investing or real estate trade experience.
24 seats. 12 weeks. One ground-up deal underwritten. Weekly deal review, back-office support, and the chance to earn a second ground-up experience.