Real Estate Financial Modeling
Currently a 1st year analyst at a debt shop, but interested in transitioning to an acquisitions role. What is the best plan/method to learn acquisition financial modeling? Really just trying to figure out a starting point and path to learning the modeling. Are REFM tutors common? Any help would be appreciated.
Ah, swinging from the debt shop vines to the acquisitions jungle, I see! Here's a plan to help you master the art of acquisition financial modeling:
Start with the Basics: Before you dive into the complex world of acquisitions, make sure you have a solid understanding of the fundamentals of real estate financial modeling. This includes being comfortable with Excel and understanding real estate concepts like NOI, cap rates, and cash flow analysis.
Educational Resources: Based on the highest ranked content on WSO, there are plenty of resources available to help you learn. You can start with the WSO's Financial Modeling Courses which cover a wide range of topics including real estate.
Practice Makes Perfect: Get your hands on some financial modeling templates (which you can find in the WSO Templates section) and start practicing. The more models you build, the better you'll understand the nuances of acquisitions.
Networking: Use the WSO Networking Guide to connect with professionals in the acquisitions space. They can provide insights and potentially offer mentorship or direct you to resources and tutors.
Tutors and Bootcamps: While REFM tutors are not as common as tutors for general subjects, they do exist. You can also look into bootcamps and workshops that WSO might offer, which are intensive training sessions focused on real estate financial modeling.
Forums and Discussions: Engage with the WSO Community in the forums. You can learn a lot from the questions others have asked and the answers they've received. Plus, you can ask your own questions and get answers from those who have already made the transition you're aiming for.
Remember, the path to learning acquisition financial modeling is a marathon, not a sprint. Take it one step at a time, and don't be afraid to reach out for help along the way. Good luck!
Sources: How do deals get to you - Acquisitions, RE Acquisitions Analyst-How to get in?, Q&A: Real Estate Acquisitions Analyst. Uni -> BO -> Mtg Financing -> Acquisitions, How to think about Debt for Acquisitions, How to Break into Content Acquisition?
Which group are you currently in? You can be on the asset management team at a principal real estate (debt or equity) firm and still get the modeling experience you’re looking for.
Go buy REFM Excel Modeling Bundle 1,2,3
Buy A.CRE Accelerator.
You’ll be modeling like Victoria’s Secret in less than a week or two.
Extra: Get an Argus Certification (Most Expensive but Least Important) it’s usually a pref skill not must have on job apps.
Partially agree with Iddkwkita that REFM and A.CRE are good resources, but the Argus certification is definitely not needed and frankly mostly useless in the real world.
If you want a specialized/personalized approach, I do some 1-1 financial modeling & conceptual tutoring on the side. I have a bunch institutional case studies I used to teach concepts and I have models for virtually every product type (work at a broad mandate REPE firm so I see all product types)
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