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real estate financial modeling courses

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Real Estate Financial Modeling Accelerator (Updated Nov 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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S-Curve Forecasting in Real Estate Development (Updated Sep 2021)

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…
bite-sized real estate tutorials
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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…
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Custom Function to Auto-Populate Latitude and Longitude in Excel (Updated 2021)

When analyzing real estate investments in Excel, it's often necessary to include the latitude and longitude coordinates of the properties we're modeling. To do this, most of us open up Google Maps, or some other mapping tool, and find the…
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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…
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Using Boolean Logic to Model Multiple Generations of Tenant Improvements

Arguably the most powerful, and least appreciated and understood, functionality in Excel is its use of boolean logic. Or in other words, the use of TRUE and FALSE binary logic. This form of logic can be used to dramatically simplify formulas…
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Create Printable and PDF Reports in Excel for Real Estate Financial Modeling

A common question we've been getting recently is, how do I create printable reports from a real estate financial model in Excel? In this written and video tutorial, I share the three basic steps for creating printable and PDF reports in any…
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Using Excel’s New LAMBDA Feature to Create Custom Functions for Real Estate Financial Modeling

In December 2020, Excel rolled out a new featured called LAMBDA as part of the Office Insiders (i.e. beta) program. This feature allows the user to create custom functions, which can greatly reduce duplicative formulas and reduce errors. Well…
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DateDif: The “Secret” Excel Formula (Updated 11.14.2020)

For one reason or another, there is a perfectly functioning and pretty valuable formula that can be utilized in Excel that Microsoft has chosen to exclude from Excel's list of functions: the DateDif function. This function is a valuable…
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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…
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Permanently Remove “Update Links” Alert in Real Estate Excel Models

There are few Excel experiences more frustrating than getting that "this workbook contains links to one or more external sources" alert and not being able to find/break the external links causing it. In this tutorial, I teach you five steps…
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Excel Tips: Index Match Match

In this post, I'm going to go over Index Match Match, which is a very useful Excel formula that is used in both the Hotel Valuation Model and the Hotel Acquisition Model - The Basic Model.  This formula allows you to hone in on a specific target…
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Watch Me Build a Tenant Rollover Analysis Model

The feedback has been positive on the ‘Watch Me Build a Multifamily Model’ video I recorded earlier this year. So I thought I’d follow that up with another. This time I build a Real Estate Tenant Rollover Analysis Model and talk through…
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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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Create Dynamic Sub-Property Type Drop-Down Menus in Excel

A few years ago, I created a tutorial on building smart drop-down menus in Excel using dynamic named ranges and data validation lists. This offered a great way to have drop-down menus in your model that could be easily changed by the user to…
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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…