Automated Real Estate Modelling
I've worked in Real Estate PE for a large firm which I will not name. One of the biggest struggles I had as a junior was constantly revising, updating and tracking models and assumptions.
I ended up leaving Real Estate PE to go into fintech as I realised I resonate more with the data than the finance. Throughout this entire process I continuously had a nagging feeling of how the issue I faced was quite common and how to resolve this. I set out to build something on the side in order to tackle the problem and that led to the birth of FiMod. Originally I only used it for myself however I've decided to release it free of charge. I'm in the process of final touches but if you're interested please let me know, I've got a sign up page but do not want to break any rules by posting links. Currently I've built it for the UK as its the market I'm more familiar with but it can be extended to the US if enough people are interested.
If you sign up then expect an email with the beta release soon. Everything will be free.
Sounds cool, but can AI fintech entrepreneurs please stop adding strangers on LinkedIn? I swear I get five requests a day from a student or kid under 25 who is pitching me on their underwriting algorithm.
Hahahaha I feel you, mine is a lot less fancy. It's just something I've struggled with in the past had sitting on a shelf and decided "You know what? Let me just put this out there because these softwares are charging way too much for doing way too little".
Not sure if you've ever used Argus or Yardi but man... they need to up their game!
Retwit is down the hall and to the left
Unclear what the issue with modeling is. You make a decent model, changing inputs and assumptions should be very simple and not be taking you days to do?
I agree, but most of the time its not just changing inputs and assumptions. It's creating new scenarios, reforecasting based on new information and comparing your older model with these new assumptions. I think in the US the models tend to be simpler from what I've seen but in the UK/EU it can get fairly complex with building regulations, rent caps, rent timings, etc.
lmao you are not doing anything we aren't doing over here. Sounds like you have limited depth of knowledge so I'd assume the opposite.
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