Hello,
Currently a junior and going to work for a developer over the summer (may continue through the year if courseload permits) and was just wondering if there is anything to prepare for in terms of modeling to be at least somewhat ready to go from day 1. I understand general multifamily models and can build them fairly well and obviously development is much more beyond just the modeling aspects but I was wondering if there is anything specific to prep before diving in.
The shop I'm going to work for runs lean and works on a specific niche so I'll be more than likely be decently involved in the process so any ideas on hard or soft skills to prep would be much appreciated.
Edit: I also have a background in land acquisition for O&G but was wondering if anyone has insight on if there may be overlap between that work and RE specific work
https://www.udemy.com/course/the-real-estate-development-pro-forma-mode…
Cheap, quick and gives you the basics of building a multi-family development model. If you already know the basics idk if you'll need this.
Gotcha, yeah most of my modeling experience is more with MF acquisition modeling so I'll definitely check that out just wasn't super clear on how to structure the upfront costs rather than just the basic cash flow work (that's where at least I feel a big difference might lie). I'm also doing LIHTC work so that part was also a factor in wondering how to structure that but wasn't sure if that was more of a 'learn on the job' type factor.
They're not going to expect you to come in knowing how to do this stuff, they'll teach you on the job. It sounds like you have enough relevant knowledge that you'll pick it up quickly considering none of it is that particularly hard. I wouldn't stress about, have fun with the remainder of your semester
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