A.CRE 101 – Basic Concepts in CRE

All | A.CRE 101 | College Education | Special Topics | Book Reviews | CRE Terms | Find a Job

All | Watch Me Build

real estate financial modeling courses

, , ,

Real Estate Financial Modeling Accelerator (Updated May 2023)

Prior to launching the Accelerator program, Michael and I fielded email after email requesting a more structured real estate financial modeling training program on the site. Over the years, we've covered hundreds of real estate modeling…
, ,

A.CRE 101: CRE Risk Profiles (Updated May 2023)

In this post we will go into detail about the four CRE risk profiles commonly ascribed to commercial real estate opportunities. In order of least risky to most risky, they are as follows: Core Core Plus Value Add Opportunistic This…
, ,

Best Practices in Real Estate Financial Modeling (Updated Mar 2023)

Before you use one of our real estate financial models (i.e. Excel templates), or before you set out to build your own real estate analysis tool in Excel, it's important to keep in mind a few real estate financial modeling best practices. This…
, ,

Glossary of Commercial Real Estate Terms (Updated Mar 2023)

Glossary of Commercial Real Estate Terms Welcome to the new Glossary of Commercial Real Estate Terms on A.CRE. This will be an ever growing list of commercial real estate terms and definitions and we hope it will become a valuable resource…
, , ,

Learning Real Estate Financial Modeling in Excel

We're often asked by our readers how we learned to be proficient in real estate financial modeling. The question usually arises because the person wants to know how to model real estate in Excel to either land a job in commercial real estate…
, , , ,

Watch Me Build – American-Style Real Estate Equity Waterfall (Updated Jun 2022)

A few years ago, I recorded my screen as I built a 3-tier real estate equity waterfall model. What I didn't mention in that Watch Me Build video, is that the kind of waterfall I built is colloquially called a European-style equity waterfall.…
, , , , , , , ,

4-Tier Equity Multiple Waterfall – Download and Watch Me Build (UPDATED APR 2022)

Here is a simple, yet very powerful, 4-tier equity multiple waterfall module. This post contains both a completed version of the module ready to plug into a real estate financial model as well as a 'Watch Me Build' template and companion video…
real estate professional using the income approach, a financial tool to value income producing property
, , , , ,

A.CRE 101: How to Use the Income Capitalization Approach to Value Income-Producing Property (Updated Apr 2022)

In commercial real estate, there are a few generally accepted methods for appraising (or valuing) real property. The three most common are the Cost Approach, the Sales Comparison Method, and the Income Approach. The Income Approach includes…
, , , , ,

The Definitive Guide to Microsoft Excel for Real Estate (Updated Dec 2021)

Microsoft Excel is the primary tool used by real estate financial modeling professionals. Even while numerous non-Excel alternatives have attempted to de-throne Excel, the 35+ year-old software has shown to be surprisingly resilient to competition.…
, , , , , , , , , ,

Watch Me Solve a REPE Technical Interview Modeling Test (Updated Nov 2021)

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,…
bite-sized real estate tutorials
, , ,

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…
, , , , , , , , ,

Watch Me Build – Custom Rent Schedule Module

In this Watch Me Build video I show you how to build a custom rent schedule module for long-term leases. The foundation of the module is a simple INDEX/MATCH combination that takes a rent schedule and models the rent cash flows across the entire…
, , , , , ,

Deep Dive – Land Acquisition and Assemblage

This is a topic I'm all too familiar with. You see, I cut my teeth in real estate largely sourcing and negotiating residential and mixed-use land acquisition opportunities.  I've put land deals together both as a fiduciary and as a principal,…
, ,

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…
, , , , , , ,

Watch Me Build – IRR Partitioning in Excel

In this post, I'd like to show you how to partition the internal rate of return of your real estate investment in Excel. I also throw in a quick equity multiple partition, to highlight how the time value of money affects your returns. I've recorded…