Real Estate Financial Modeling

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real estate financial modeling courses

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Real Estate Financial Modeling Accelerator (Updated March 2024)

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…
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All-in-One (Ai1) Walkthrough #1 – Permanent Debt Tab (Updated Nov 2019)

In an effort to provide greater instruction on how to use our All-in-One Underwriting Tool for Real Estate Development and Acquisition, we've developed a series of walkthrough videos and posts on the methodology behind the various components…
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Using Conditional Formatting in Real Estate Financial Modeling

Your real estate financial models are only as good as their ability to be used by others. Or in other words, if others can't figure out how to use your model, it isn't worth much! So when building real estate financial model templates, besides…
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Hotel Acquisition Model – The Basic Model (Updated 10.9.2019)

The initial goal for the original Hotel Acquisition Model was to design a hotel proforma that would enable users to get deep into the weeds of practically every line item in their hotel analysis. Although I am super happy with how that hotel…
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Watch Me Build a Residential Land Development Model

Over the years, we've created a sizable library of Watch Me Build videos covering Excel models for various real estate investment and property types. However, we've yet to create a Watch Me Build involving for-sale product. So this weekend,…
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How to Run Monte Carlo Simulations in Excel

So you want to run Monte Carlo simulations in Excel, but your project isn't large enough or you don't do this type of probabilistic analysis enough to warrant buying an expensive add-in. Well, you've come to the right place. Excel's built-in…
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Watch Me Build a 3-Tier Real Estate Equity Waterfall Model (Updated August 2019)

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…
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30/360, Actual/365, and Actual/360 – How Lenders Calculate Interest on CRE Loans – Some Important Insights

(Updated August 7, 2019 to include a Watch Me Build video and Downloadable file) Commercial real estate lenders commonly calculate loans in three ways: 30/360, Actual/365 (aka 365/365), and Actual/360 (aka 365/360). Real estate professionals…
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Tutorials For The Hotel Valuation Model (Updated 07.23.19)

Welcome to the A.CRE Hotel Valuation Model's Tutorial Page. On this page you will find all the tutorials for the A.CRE Hotel Valuation model in Excel. There is a lot to learn within this model and over time, I'd like to show you both how to…
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Using the Floating Summary Box in Real Estate Modeling

Over the next few minutes, I'll share a great modeling tip for efficiently visualizing the more salient metrics in your real estate models. Now I should mention, this is a tip I shared a few years ago. But given the complexity of many of the…
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Watch Me Build a Dynamic Mortgage Amortization Table in Excel

There are a few basic, yet fundamental, real estate modeling skills you must master before anyone will take you seriously as a real estate professional. Building a mortgage amortization schedule is one of them. Virtually every model you…
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Using the OFFSET Function in Real Estate Financial Modeling

In a previous post, I showed you how to use the OFFSET function to create dynamic lists in Excel. As you become more comfortable using this function in real estate financial modeling, you'll find that it has almost infinite applications when…
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Create a Dynamic Real Estate Chart in Excel

Most of the real estate financial models we've shared over the years are dynamic to analysis period. Meaning, we've included an input to adjust the length of the analysis period, and the model will adjust the results accordingly. This is…
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3-Tiered Acquisition Debt Module

This is a 3-tiered debt module that will allow the user to add one to three tiers of debt to his or her real estate DCF model. Includes the option to layer in senior debt, secondary debt, and mezzanine debt; calculate interest on either…
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Hold-Sell Analysis in Real Estate

In course 3 of our A.CRE Accelerator, we use a case study that revolves around a hold-sell (i.e. hold vs sell) analysis scenario to teach the anatomy of the real estate DCF. In that scenario, the student is an asset manager working for an open-end…
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Quick Tutorial: Add Line Items to OpSt Sheet in All-in-One

I was recently asked the question whether it's possible to add more other income or operating expense line items to the MF-OpSt or ORI-OpSt worksheets in my All-in-One Model for Underwriting Acquisitions and Development. Short answer is: out…