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real estate financial modeling courses

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Real Estate Financial Modeling Accelerator (Updated September 2026)

Before launching the Accelerator program, Michael and I received countless emails requesting a more structured, step-by-step real estate financial modeling training program. Over the years, we've covered hundreds of real estate modeling…
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2008 Financial Crisis From the Ground Up: Why We Believed Houses Were Safe

The first in a series examining the 2008 financial crisis from a real estate perspective: where it started, how it spread, and what it left behind for the professionals who underwrite property today. If you work in real estate, you already…
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S-Curve Forecasting in Real Estate Development (Updated June 2026)

One of the reasons Michael and I blog, is to force ourselves to be continually learning. I built the first version of my real estate waterfall model, because I wanted to better understand the mechanics of modeling an equity waterfall with IRR…
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IRR vs Discount Rate: Two Sides of the Same Coin (Case Study + Model) (Updated March 2026)

In the discipline of commercial real estate financial modeling, certain principles serve as foundational pillars, essential across all valuation, acquisition, and investment analyses. Few concepts are as omnipresent, yet as frequently misunderstood,…
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Watch Me Build A Construction Draw Schedule (Updated Feb 2026)

In the following video, I record my screen and narrative my steps as I build a basic construction draw schedule. I've also included the template and completed worksheets from this Watch Me Build exercise. Are you an Accelerator member? See…
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Vision Reveals Hidden Value in CRE. Math Captures It.

In real estate, value is rarely static. It evolves with income, with execution, with time. Yet most pricing decisions in the market ignore the hidden value in CRE, focusing instead on what's already visible: trailing NOI, current occupancy,…
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Create Your First Excel Macro with AI

Most people in commercial real estate still think Excel macros are for “the IT guy down the hall.” You underwrite, you manage rent rolls, you crank out lender packages in Excel all day… but the moment someone says “VBA,” you are…
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Deep Dive: Understanding the Time Value of Money in Commercial Real Estate

In commercial real estate, nearly every investment decision boils down to a key question: What is the present value of uncertain future cash flows? The answer exists because money has a fundamental property: its value changes over time. The…
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Real Estate Tokenization, Part II: From Concept to Execution

In Part I of this series, we unpacked the basic idea of tokenizing commercial real estate: what it is, why it matters, and where hype often exceeds reality. In this second part, we move from concept to implementation: How commercial…
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Guide to Using ChatGPT for Commercial Real Estate Professionals (Updated Nov 2025)

When I first published this guide in early 2023, ChatGPT felt like a novelty. It was impressive, experimental, and even a little unnerving. But for most in CRE, it was still just a toy. Fast forward two and a half years, and that’s no longer…
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How to Prepare for the Real Estate Technical Interview (Updated Nov 2025)

So you've made it past the HR screening interview. You have the education and experience the company is looking for, but now they want to be sure you possess the real estate financial modeling skills necessary to do the job. They've asked…
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Deep Dive: Careers in Commercial Real Estate (Updated Nov 2025)

The real estate industry is enormous. In the United States alone, over 2.9 million jobs are tied to commercial real estate, 17% of GDP comes from the real estate industry, and the aggregate value of U.S. commercial real estate is approximately…
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The First Dollars In: Modeling Pursuit Capital In Real Estate Deals

At the outset of every compelling real estate venture, before architects sketch their visions and contractors pour concrete, there's a quiet but powerful player setting the stage: pursuit capital. This early-stage funding powers the riskiest…
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Contracts and Lien Waivers: What Our RV@Olympic Experience Taught Us About Protecting Your Project

Every real estate developer eventually runs into an issue that reinforces, in vivid and, if unlucky, expensive detail, as to why good contracts and clean closeout processes exist. For me, RV@Olympic, our ground-up development of an RV park…
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Excel Shortcuts For Real Estate Financial Modeling (Updated Oct 2025)

One of the lesser talked about, yet most impactful, skills in real estate financial modeling is keyboard efficiency. If you’ve ever watched one of our tutorials or Accelerator sessions, you’ve probably seen the models flying by, with formulas…
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The AI.Edge – Become an AI Leader in CRE (Updated Oct 2025)

It’s been the go-to line ever since ChatGPT exploded onto the scene in 2022 and AI became a talking point in every office: "AI won’t take your job, but someone using AI will." I’ve said that - or some variation of that - myself in dozens…