The For-Sale Residential Development Modeling Master Class
What you'll 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
- Learn how to build a dynamic, institutional-quality real estate development model to present to managers or investors
- Access to Microsoft Excel for Mac or PC, Mac Numbers, or Google Sheets
- A basic understanding of real estate finance terms and calculations is recommended
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!
Who this course is for:
- Real estate investors and professionals who want to learn how to create dynamic, institutional-quality real estate development models for condo, townhome, and for-sale single-family home projects where individual units will be sold
- Aspiring real estate development analysts or associates who want to begin a lucrative career in commercial real estate development
Master real estate financial modeling, advance your career, and earn more money.
If you’re an aspiring real estate investment professional looking to break into the real estate investment field, or a current real estate professional looking to advance your career and increase your compensation, you’re in the right place.
My name is Justin Kivel, and I’m a real estate investment professional with a love for teaching. Throughout my career, I’ve worked on over $1.5 billion of closed acquisitions across multifamily, retail, office, and mixed-use properties. I’ve had the opportunity to work with some of the brightest minds in real estate investing and have spent almost a decade in the industry across private equity, finance, and brokerage roles.
Unfortunately, most of what I know today I had to learn on the job. Although great courses exist on Microsoft Excel and financial modeling, I couldn’t find a resource that was specifically tailored toward real estate investment professionals that would actually walk me through exactly what I needed to know to succeed in the real estate investment industry.
These courses are that resource.
After dozens of phone calls and coffee meetings with college students and aspiring real estate investment professionals, I realized that most people were asking exactly what I was asking when I was in their shoes.
“What skills do I actually need to know to break into the real estate investment industry, or advance in my current real estate investment career?”
These courses were created to teach you those skills.
Our students have gone on to land jobs at some of the top real estate investment, development, and brokerage firms across the globe, including Brookfield Asset Management, Hines, Starwood Capital Group, LaSalle Investment Management, Eastdil Secured, JLL, CBRE, and many more.
Over 50,000 current and aspiring real estate investment professionals have used these courses to help them ace real estate financial modeling interview exams to land their dream jobs, secure consulting gigs with top private equity firms, build (and rebuild) entire financial models from scratch, and confidently analyze their own potential real estate investments.
So whatever that next step in your real estate investment career looks like, these courses are here to help you get there as quickly and efficiently as possible.
Looking forward to seeing you in class!