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Real Estate Financial Modeling Accelerator (Updated Feb 2020)

Since starting A.CRE, Michael and I have fielded email after email requesting a more structured real estate financial modeling training program on the site. Important Note: We're updating and adding to the Accelerator every week. Since launch,…
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Watch Me Build a Multifamily Real Estate Model (Updated Feb 2020)

One way to become a better real estate financial modeling professional, is to watch other professionals model. I know in my career being able to physically see how others tackle different modeling problems has shaped my methods and made me better…
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Tutorials for A.CRE Value-Add Apartment Acquisition Model

As promised, I'm following up the release of the A.CRE Value-Add Apartment Acquisition model with a series of walk-throughs and tutorials to help you better understand the various elements of the model. The tutorials start with the basics -…
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Using VBA to Hide Rows in Excel

Over the next few minutes, I will show you two techniques for automatically hiding and showing rows in Excel using VBA code. These techniques I use regularly in my real estate financial models to make for a more intuitive user experience. In…
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Watch Me Build Data Tables For Real Estate Sensitivity Analysis

This is a 3 part mini-series on using data tables in Excel to perform real estate sensitivity analysis. In this series, I'll walk you through how to build both one-variable and two-variable data tables in parts 1 and 2. And in Part 3, I'll walk…
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Watch Me Build A Construction Draw Schedule (Updated Jan 2020)

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. Basic Construction Financing &…
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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…
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Watch Me Expand the Home Construction Pro Forma

I'm regularly asked to expand my single family home construction pro forma to analyze the construction of more than one home. I've contemplated adding that functionality to the model, but it is such a custom task that no template could really…
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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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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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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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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,…
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Actual + Forecast Construction Draw Schedule with S-Curve

Several times in the last month, I've been asked to tackle an interesting real estate financial modeling challenge - pare actual construction draw cash flows with s-curve cash flow forecasts to create an Actuals + Forecast Construction Draw…