The Real Estate Development Modeling Master Class (Udemy.com)
The Complete Guide To Building Real Estate Development Pro Forma Models From Scratch For Smarter Real Estate Investing
Created by: Justin Kivel
Produced in 2021
What you will learn
- Learn how to build dynamic, institutional-grade real estate development models from scratch
- Learn how to build out S-Curve construction models, equity and construction loan draw funding, and dynamic lease-up modeling for new development deals
- Learn how to create institutional, professionally formatted models to present development pro forma calculations to investors and partners
Quality Score
Content Quality
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Video Quality
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Qualified Instructor
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Course Pace
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Course Depth & Coverage
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Overall Score : 92 / 100
Course Description
Want to learn how to build professional, dynamic, institutional-quality 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 andwalk away with a fully-functional, dynamic, eight-tabreal estate development model that YOU'VEcreated -from scratch.
When I was first learning real estate financial modeling, I would downloadreal estate investment modelsor real estate investment calculatorson the internet, only to feeloverwhelmed and frustratedbythe complexfunctions and formulas everywhereinthe Excel file. And once I felt like I was getting used to one of these things, I still was petrified to touch or change anythingbecause I didn'twant to"break" the model.
And honestly, even if Iunderstood 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 from scratchLearn key Excel shortcuts to double your real estate financial modeling speedModify and customize existing real estate development models to fit your specific investment scenario and needsConfidently modelkey investment metrics such as the Stabilized Return on Cost, IRR, and Equity Multiple, and calculate these metricsautomatically as you change manual input driversBuild a dynamic construction budget (including S-Curve functionality)Model dynamic lease-up revenue and expenses that change automatically as construction timelines changeBuild out floating rate construction loan draws, dynamic equity draws, and permanent take-out financing to accurately model any financing structureBuild formula "checks" to error-proof your work and feel confident your calculations arecorrectThis course is perfect for you if:
You're a college studentor graduate studentlooking 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 fieldYou'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 development dealYou're an existing real estate professional looking to advance your career, increase your compensation,andbreak into thereal estate development fieldYou've boughtrental homes orduplexes,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 projectsHere's what some of our students have had to say: "I have taken other RE Development courses and they were over-complicated and hard to follow, this course was just the opposite. As with all his other courses, Justin delivers a clear and easy to follow lesson, making him easily the best Real Estate modeling instructor on the internet. I honestly bought this course within 3 minutes of its release, and it was worth every penny. "I've been in CRE valuation, investment sales brokerage, and realty capital for over 30 years, and I've never taken a class with this much detailed content. Justin not only crushes this course, but more importantly pulls back the curtain on how institutional investors view and model their deals. You'd have to work at an institutional PE or CRE firm for years to learn what he is offering here. It's not an easy walk but if one can master this content, you can size and model anything in the CRE universe. Congrats, Justin - job well done!" "Another flagship course by Justin! First, it's all about the thoroughness of the course design (takes me step-by-step). Second, and more importantly, Justin keeps the communications going with his students. I am experiencing this myself and you could verify this by how many I post in the Q&A section, and how many got answered. I don't get this treatment often." "Something that I've been looking for for a long time! I feel like I understand how to approach almost any RE modeling going forward." "I've taken several real estate financial modeling courses to improve my skill level for my job. This is by far the best I have taken. Everything is taught step by step with clear instruction and explanations of formulas.""Another great course taught by Justin, this was filled with many in depth excel modeling techniques to implement when forming a development model. Trying to break into CRE finance/ development can be tough and these skills can really give you an upper hand on the competition. Thanks!!"If you have a basic understanding of real estate finance, and you're looking to apply that knowledge to analyze new 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 from scratchAspiring real estate investment professionals who want to begin a lucrative career in real estate developmentSingle-family home and duplex investors who want to become real estate developers and have the skill set to confidently analyze return projections on ground-up development deals
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 andwalk away with a fully-functional, dynamic, eight-tabreal estate development model that YOU'VEcreated -from scratch.
When I was first learning real estate financial modeling, I would downloadreal estate investment modelsor real estate investment calculatorson the internet, only to feeloverwhelmed and frustratedbythe complexfunctions and formulas everywhereinthe Excel file. And once I felt like I was getting used to one of these things, I still was petrified to touch or change anythingbecause I didn'twant to"break" the model.
And honestly, even if Iunderstood 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 from scratchLearn key Excel shortcuts to double your real estate financial modeling speedModify and customize existing real estate development models to fit your specific investment scenario and needsConfidently modelkey investment metrics such as the Stabilized Return on Cost, IRR, and Equity Multiple, and calculate these metricsautomatically as you change manual input driversBuild a dynamic construction budget (including S-Curve functionality)Model dynamic lease-up revenue and expenses that change automatically as construction timelines changeBuild out floating rate construction loan draws, dynamic equity draws, and permanent take-out financing to accurately model any financing structureBuild formula "checks" to error-proof your work and feel confident your calculations arecorrectThis course is perfect for you if:
You're a college studentor graduate studentlooking 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 fieldYou'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 development dealYou're an existing real estate professional looking to advance your career, increase your compensation,andbreak into thereal estate development fieldYou've boughtrental homes orduplexes,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 projectsHere's what some of our students have had to say: "I have taken other RE Development courses and they were over-complicated and hard to follow, this course was just the opposite. As with all his other courses, Justin delivers a clear and easy to follow lesson, making him easily the best Real Estate modeling instructor on the internet. I honestly bought this course within 3 minutes of its release, and it was worth every penny. "I've been in CRE valuation, investment sales brokerage, and realty capital for over 30 years, and I've never taken a class with this much detailed content. Justin not only crushes this course, but more importantly pulls back the curtain on how institutional investors view and model their deals. You'd have to work at an institutional PE or CRE firm for years to learn what he is offering here. It's not an easy walk but if one can master this content, you can size and model anything in the CRE universe. Congrats, Justin - job well done!" "Another flagship course by Justin! First, it's all about the thoroughness of the course design (takes me step-by-step). Second, and more importantly, Justin keeps the communications going with his students. I am experiencing this myself and you could verify this by how many I post in the Q&A section, and how many got answered. I don't get this treatment often." "Something that I've been looking for for a long time! I feel like I understand how to approach almost any RE modeling going forward." "I've taken several real estate financial modeling courses to improve my skill level for my job. This is by far the best I have taken. Everything is taught step by step with clear instruction and explanations of formulas.""Another great course taught by Justin, this was filled with many in depth excel modeling techniques to implement when forming a development model. Trying to break into CRE finance/ development can be tough and these skills can really give you an upper hand on the competition. Thanks!!"If you have a basic understanding of real estate finance, and you're looking to apply that knowledge to analyze new 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 from scratchAspiring real estate investment professionals who want to begin a lucrative career in real estate developmentSingle-family home and duplex investors who want to become real estate developers and have the skill set to confidently analyze return projections on ground-up development deals
Instructor Details
- 4.6 Rating
138 Reviews
Justin Kivel
Master real estate financial modeling, advance your career, and earn more money.
If youre 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, youre in the right place.
My name is Justin Kivel, and Im a real estate investment professional with a love for teaching. Throughout my career, Ive worked on over $1.5 billion of closed acquisitions across multifamily, retail, office, and mixed-use properties. Ive 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 couldnt 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 t
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