Financial Modeling in Excel Education and Courses to import a skill set
I understand financial equations of real estate fairly well and have no problem ascertaining equity multiples or IRR’s but I’m really looking to take my modeling skills for financial real estate to the next level. Is a course like Argus worth it or is there another set of instructional classes or videos that could help me gain high level modeling skills?
[{"id": "huhlnbu", "text": "Look into CCIM courses", "replies": [{"id": "hun12pb", "text": "CCIM will teach you to build a discounted cash flow model from scratch. This is a minimum skill for any analyst.", "replies": [], "depth": 2}], "depth": 1}, {"id": "huhmh89", "text": "Also REFM and A.CRE", "replies": [], "depth": 1}, {"id": "huj76x9", "text": "OP - first, nice username. \n\nSecond, any recommendations on where to start understanding, building your own models? I\u2019m a development associate but want to get more into understanding cash flow, returns, etc.", "replies": [{"id": "huj97pc", "text": "I don\u2019t work to much in development but I will give you my thoughts. Understanding permitting, zoning, regulations, and a lot more of the non financial work is more important to development than the numbers themselves. The numbers are going to be what their going to be and than can be learned online or via educational courses on development. What you need to understand in development is not only your numbers but construction to perfection. As a developer You are partnering or building with one person, builders. Your focus should be understanding what can, how, and why something should be developed and then what the cost to build any value is. The cost of developing itself is just plans, permits, architects , utilities, etc", "replies": [{"id": "huj9mx2", "text": "Great points and true. Thank you local drug dealer!", "replies": [], "depth": 3}], "depth": 2}, {"id": "huj98j2", "text": "&gt;I\u2019m a development associate\n\nMy first suggestion is to ask your PM or boss to dedicate an hour each week to train/teach you. You're worth their time.\n\nSecond suggestion is asking your colleagues if they still have any course materials (lectures, slide decks, cases, etc.) from their intro courses on real estate finance.", "replies": [{"id": "huj9jqf", "text": "Great point. Thank you", "replies": [], "depth": 3}], "depth": 2}, {"id": "hujcgyc", "text": "Just google watchme build adventures in cre. Build the model along side the videos.", "replies": [{"id": "hukdt1p", "text": "Thank you for this. As a senior broker I\u2019m surprised I didn\u2019t know about this.", "replies": [{"id": "hukt5dp", "text": "The site rocks and is fairly unique for a niche field. They say they built it because they had the same issue of not being able to find any way to learn how to model real estate. So they made it and made it mostly free", "replies": [], "depth": 4}], "depth": 3}, {"id": "hukqr1c", "text": "Yes i had no idea about this\u2026.", "replies": [{"id": "hukszyp", "text": "Happy to help", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hulcsyy", "text": "There\u2019s a \u201cfor dummies\u201d book on this.  I actually flipped through it at Barnes n Noble yesterday.  Might be a good resource as you travel through your course", "replies": [], "depth": 1}]