The For-Sale Residential Development Modeling Master Class

The For-Sale Residential Development Modeling Master Class

Want to learn how to build professional, dynamic, institutional-quality for-sale residential real estate development models in Microsoft Excel? This course will take you by the hand and walk you step-by-step through the entire process. This is a project-based course, meaning you'll start with a blank Excel workbook and walk away with a fully-functional, dynamic, eight-tab real estate development model for condos, townhomes, and for-sale single family homes that YOU'VE created - from scratch. 

When I was first learning real estate financial modeling, I would download real estate investment models or real estate investment calculators on the internet, only to feel overwhelmed and frustrated by the complex functions and formulas everywhere in the Excel file. And once I felt like I was getting used to one of these things, I still was petrified to touch or change anything because I didn't want to "break" the model. And honestly, even if I understood it and I believed the model was working correctly, I still had no idea if I could even trust the calculations in the first place. 

If you've ever felt any of these things, this course will pull back the curtain and uncover the "Black Box" that most real estate financial models appear to be. By the end of this course, you'll be able to build a dynamic, professional-quality real estate development model from scratch, and your first one will be done by the time you finish the last lecture.

This course will teach you how to build a real estate development model the way the largest and most sophisticated private equity real estate firms look at deals. At the end of this course, you will be able to:

• Build an institutional-quality, dynamic real estate development model to analyze land acquisitions and development projects building condos, townhomes, or for-sale single family homes, all from scratch in Excel

• Learn key Excel shortcuts to double your real estate financial modeling speed

• Modify and customize existing residential for-sale real estate development models to fit your specific investment scenario and needs

• Confidently model key investment metrics such as the IRR, Equity Multiple, and Total Profit, and calculate these metrics automatically as you change manual input drivers

• Build a dynamic construction budget (including S-Curve and straight-line modeling functionality)

• Model pre-sales and deposits that change automatically as construction timelines change

• Model deposit holdbacks and build in functionality to use deposits as equity to fund the project

• Build out floating rate construction loan draws, dynamic equity draws, and incremental loan payoffs to accurately model the financing and payoff as individual units are sold

• Build formula "checks" to error-proof your work and feel confident your calculations are correct

This course is perfect for you if:

• You're a college student or graduate student looking to break into real estate development after graduation, and you're looking to add the key technical skill sets to your arsenal that will put you head and shoulders above the competition and allow you to land a lucrative career opportunity in the field

• You're a professional in a different field, but looking to become a real real estate developer on the side and want to be able to confidently analyze a ground-up for-sale residential development deal 

• You're an existing real estate professional looking to advance your career, increase your compensation, and break into the real estate development field

• You've bought rental homes or duplexes, and now you're looking to become a real estate developer and want to feel confident in your ability to analyze new ground-up construction projects

  
  

• If you have a basic understanding of real estate finance, and you're looking to apply that knowledge to analyze new for-sale residential real estate development opportunities, enroll now and let's get started building this model together today. Looking forward to having you in the course!

The Complete Guide To Building Real Estate Development Pro Formas For Condos, Townhomes, & For-Sale Single Family Homes

Url: View Details

What you will learn

• Learn how to create a for-sale residential real estate development model for condo, townhome, and single-family home projects with individual units for sale
• Learn how to model pre-sales, deposits, and debt & equity financing to fund your project
• Learn how to model capitalized interest and incremental loan payoffs over time using dynamic release prices

Rating: 4.70588

Level: Intermediate Level

Duration: 10 hours

Instructor: Justin Kivel