Over the years, we’ve accumulated a lot of educational and supporting material in the fields of real estate finance. Some of this material is listed below.
Everything on this page is available for download. If you like what you see, and you want to see more, let us know.
Even more of our videos are available for viewing on youtube. If you’d like to subscribe to our YouTube channel and be notified whenever we post a new video, click the button below.
Timer Tester
Want to make your spreadsheets run faster? I’ve put together a simple Excel spreadsheet that you can use to time different pieces of your model so you can identify the slowdowns.
The file is here:
https://www.kahrrealestate.com/wp-content/uploads/2020/06/Timer-Tester.zip
Also, if you want to watch a little video that explains it, go here:
Challenge Cases
I started teaching real estate finance at Columbia University in its MS in Real Estate Development program back in 2005. For approximately 15 years, I have been asked by at least 10 students per year, the following question:
“I am applying for a job at <insert name of prestigious real estate private equity shop> as an Associate. I am going to have to take an Excel modeling exam when I get there. What should I expect?”
After being asked that question hundreds of times and having to dig around on my laptop to find one every time, I finally decided to pull a case book together.
Over the years, I have collected them from former students. The cases run the gamut across product types and strategies. I have taken those “real world” examples, cleaned them up for clarity, adjusted when needed, and have consolidated them into one text.
The PDF of the cases is available for free here:
If you want to watch all 9+ hours of videos of me solving the exams and also receive all of the Excel solutions, I have bundled that into a self-paced course. The price is $300. See here:
https://kahrrealestate.thinkific.com/courses/kahr’s-challenge-cases
Build a Real Estate Financial Model
I’ve been teaching real estate financial modeling for almost 20 years. In that time, I’ve only done live classes. I never wanted to do prerecorded content because who has the patience and focus to watch 15 hours of prerecorded material?
The solution is obvious. Don’t just record a class. Record something that people can watch in snippets.
I’ve started a YouTube channel where I am building a complex real estate financial model in roughly 10-minute increments. If you’re interested, the playlist is on YouTube. I’m at eight videos so far; I’m going to keep building this as long as people keep watching.
Of course, if you want to suggest ideas or have Excel problems you need to be solved, let me know, and I’ll try to work it in.
The first video is the series is below:
The Excel files are here:
https://www.kahrrealestate.com/wp-content/uploads/2019/10/The-Model-Video-1.xlsx
https://www.kahrrealestate.com/wp-content/uploads/2019/10/The-Model-Video-2.xlsx
https://www.kahrrealestate.com/wp-content/uploads/2019/10/The-Model-Video-3.xlsx
https://www.kahrrealestate.com/wp-content/uploads/2019/10/The-Model-Video-4.xlsx
https://www.kahrrealestate.com/wp-content/uploads/2019/10/The-Model-Video-5.xlsx
https://www.kahrrealestate.com/wp-content/uploads/2019/10/The-Model-Video-6.xlsx
https://www.kahrrealestate.com/wp-content/uploads/2019/10/The-Model-Video-7.xlsx
https://www.kahrrealestate.com/wp-content/uploads/2019/10/The-Model-Video-8.xlsx
Videos on Specific Financial Concepts
Unleveraged vs. Leveraged Discount Rates
Cap Rates and the Three Major Factors
Argus DCF to Argus Enterprise? Convert Now or Later?
Top 10 Questions that Students Ask in the Excel for Real Estate Analysis class
1. Why did you start teaching this class?
2. Why does someone seek to take an Excel modeling class?
3, What can one realistically expect to get out of your class, or for that matter, any similar class?
4. What are the greatest skill deficiencies that you see in the industry in regards to financial modeling skills?
5. What books do you like on the subject of real estate finance? Why?
6. If I want to get better at building financial models, what should I do?
7. What are the most challenging things to model and why?
8. How do you verify or research your assumptions?
9. Do you offer any pre-recorded or online options?
10. What’s the best way to prepare for an excel-based interview case study test?
Excel Spreadsheets
Financial Concepts
Time Value of Money
Full, Partial, IO, and Negative Amortization
Functions
Code Snippets
- Convert Monthly Cash Flows into Quarters and Years
- Amortization Schedules
- Canadian Style Amortization
- A smooth construction curve over time (BETA.DIST)
Models