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real estate financial modeling courses

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Real Estate Financial Modeling Accelerator (Updated June 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…
SUMIF and Other Excel Functions for Real Estate Analysis
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Using COUNTIFS, SUMIFS, and AVERAGEIFS Excel Functions in Real Estate Underwriting (Updated Aug 2024)

Why use COUNTIFS, SUMIFS, and AVERAGEIFS functions in real estate? When real estate analysts first start their careers, they're often required to work with large data sets and to transpose property and portfolio information from one format to…
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Supercharge Excel with the ‘Excel 4 CRE’ Add-In (Updated Aug 2024)

Today, we're thrilled to share with the A.CRE community a new timesaving (and free) Excel tool: the 'Excel 4 CRE' Add-in! Over the past year, we at A.CRE (together with our new favorite companion, ChatGPT!) have been developing and sharing this…
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Watch Me Build a 3-Tier Real Estate Equity Waterfall Model (Updated Aug 2024)

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…
Discounted Cash Flow (DCF) Property
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A.CRE 101: How To Use The Discounted Cash Flow (DCF) Method To Value Income Producing Property (Updated Aug 2024)

The Discounted Cash Flow Method is a method to value a project by taking all future projected cash flows of the project and discounting them back to time zero (date of purchase) using a predetermined discount rate (the discount rate when used…
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How to Run Monte Carlo Simulations in Excel (Updated Aug 2024)

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…
SUMPRODUCT Weighted Average
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Using SUMPRODUCT to Calculate Weighted Average in Real Estate (Updated Aug 2024)

In my experience, using the SUMPRODUCT function in Excel to calculate weighted average is one of the most oft-used Excel techniques in real estate financial modeling. I learned this technique on day one of my first real estate internship and…
Desk for with Computer for IPMT & PPMT Excel Functions
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An Overview Of IPMT and PPMT Excel Functions – Uses And Drawbacks (Model + Case Study)

We recently received an intriguing question in the Q&A section of the A.CRE Real Estate Financial Modeling Accelerator regarding the uses of the IPMT and PPMT Excel functions. As such, I’d like to take the opportunity to discuss it. First…
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Quick Thoughts on Evaluating Real Estate Investments Without Opening Excel

In our industry (commercial real estate), the ability to quickly evaluate investment opportunities is crucial for staying competitive. I know I've found in my professional career, that having a clear framework for evaluating - and then either…
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Watch Me Build – Modeling a Rent Schedule in Both Excel and Using AI (Updated May 2024)

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…
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Hide and Unhide Tabs using Drop-down Menus in Excel (Updated Apr 2024)

I'd like to share a handy little trick I learned this week for hiding and unhiding tabs in Excel using drop-down menus. Now this method requires you to use some basic VBA code and to save the Workbook as a Macro-Enabled file but don't be intimidated…
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The Definitive Guide to Microsoft Excel for Real Estate (Updated Apr 2024)

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.…
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The Conditional Weighted Average – SUMPRODUCT with SUMIF (Updated Apr 2024)

Consider this scenario: you have a 50 tenant rent roll, consisting of various tenant types (i.e. small inline, large inline, junior anchor, anchor, etc.), and you want to calculate the weighted average rent for each tenant type. If I asked you,…
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How to Prepare for the Real Estate Technical Interview (Updated Apr 2024)

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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Using ChatGPT as a Real Estate Analyst – Sales Comp Analysis (Updated Aug 2023)

In early 2023, we here at A.CRE began exploring use cases for AI in commercial real estate. Since that time, we have released nine such posts covering topics such as using AI in the real estate job search, using AI to expand on Excel's capabilities,…
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The Circuit Breaker – How to Fix Circular Reference Errors in Excel

If you've spent much time working with elaborate Excel workbooks that rely on iterative calculations to solve formulas with circular logic, you've undoubtedly come across a problem where if you accidently put an erroneous value in an input…