Entries by Spencer Burton

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Keyboard Shortcuts I Use Constantly When Modeling in Excel (Formatting)

The more you model real estate in Microsoft Excel, the faster and more accurate you become – and hopefully as a consequence the more valuable you become to real estate employers and investors. Part of the process of mastering real estate financial modeling in Excel, is learning to put the mouse aside and rely on […]

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How to Create Dynamic, In-Cell Buttons and Toggles in Microsoft Excel

Creating intuitive, user-friendly, visually appealing models is one aspect of mastering real estate financial modeling. One way to make your models easy for people to use and more attractive in general is to use dynamic, theme-appropriate, in-cell buttons (ie. a button that changes text, font, background based on certain logic) and toggles (i.e. buttons to […]

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Auto-Populate Latitude and Longitude in Excel (Updated 2018)

When analyzing real estate investments in Excel, it’s often necessary to include the latitude and longitude coordinates of the properties we’re modeling. To do this, most of us open up Google Maps, or some other mapping tool, and find the coordinates that way. Others use a latitude/longitude lookup tool such as latlong.net to find what they need. However, these tools require […]

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All-in-One (Ai1) Underwriting Model for Real Estate Development and Acquisition (Updated 02.14.18)

As many of you recall, in 2015 I set out to build an Excel alternative to the widely-used (and now discontinued) ARGUS DCF. With career moves and a lot of other A.CRE-related side projects, this undertaking has been slow going. Alas, in 2016 I released the first beta-version of the model – my All-in-One (Ai1) Underwriting […]

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Bite-Sized CRE Lessons – A.CRE 30 Second Video Tutorials

As we continue to build out our A.CRE 101 series and our Glossary of Commercial Real Estate terms, we’ve started to supplement these initiatives with short (<30 second) video clips on how to do various CRE calculations and modeling tasks in Excel. You can think of these 30 second tutorials as bite-sized lessons in real […]

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Using the Cash-on-Cash Return in Real Estate Investment Analysis

I’ve fielded a handful of Cash-on-Cash (CoC) return questions of late. So, I thought it would be worthwhile to write a post on what the Cash-on-Cash return metric tells me about a potential real estate investment. This article is a primer, if you will, on when this metric is helpful to use in your analysis […]

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Watch Me Build a 3-Tier Real Estate Equity Waterfall Model with IRR Hurdles

As I’ve mentioned in other Watch Me Build posts, one way to become a better real estate financial modeling professional, is to watch other professionals model. Thus, the more exposure you can get to other’s methods, the more adept a real estate professional you will become. This is especially the case with modeling real estate […]

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Watch Me Solve a REPE Technical Interview Modeling Test

What better way to spend some free time over the Thanksgiving holiday, than to record myself completing a real estate private equity technical interview exercise! While I’ve offered help with the real estate technical interview in the past, I’ve never just grabbed an actual technical interview case study and walked our readers through how I […]