Real Estate Financial Modeling for beginners

Hey guys,

I’m trying to build a solid foundation for RE modeling in the hopes of eventually applying to a REIT or REPE fund down the road. Any suggestions on how to build up my financial modeling skills? Assume I’m a complete beginner.

At the moment, I’ve been advised to look at Adventures in CRE, REFM, Marquee, and Argus, but I’m not entirely sure which of these are worth looking at, or which order I should proceed in.

17 Comments
 

Going thru the same process. I went ahead with REFM because it is cheap compared to the other financial modeling certs, and so far I am satisfied.

I am planning on going thru the Argus cert later because it actually is required of every single real estate company. But, I plan on honing my financial modeling skills before I dive into Argus.

If you get something other than REFM and are interested in exchanging files, lemme know.

 

I do not recommend REFM.

BIWS/Adventures in CRE are much much better. I took all levels of REFM and also had one of their employees give a boot camp at my company which was OK at best. The way they build their models is not very efficient and can be hard to follow (in my opinion). I much prefer the methods from Adventures in CRE

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