Residential real estate may contain either a single family or multifamily structure that is available for occupation or for non-business purposes.
Residences can be classified by if and how they are connected to neighbouring residences and land. Different types of housing tenure can be used for the same physical type. For example, connected residences might be owned by a single entity and leased out, or owned separately with an agreement covering the relationship between units and common areas and concerns
According to CEL & Associates, Inc., the 2020 median total compensation for an acquisitions associate in retail, office/industrial, and multifamily was $137K, $143K, and $121K, respectively. This course will teach you the core fundamental Excel financial modeling skills necessary to land one of these jobs and succeed in your first commercial real estate investing role.
The opportunity in private equity real estate investing careers is HUGE. Top-tier salaries and bonuses, the ability to invest in big deals, and, unlike investment banking, a work-life balance that will general allow you to keep your friends and family and sleep more than 3 hours per night.
But breaking in isn't easy. In fact, many of these jobs require a real estate financial modeling interview exam to test your knowledge and ability to contribute from day one.
Yup, that's right. Writing "proficient in Microsoft Excel" on your resume won't cut it for these roles. The best firms (the ones you actually want to work for) will likely test your real estate financial modeling chops with a timed exam.
These firms want to know your knowledge and skill sets in five main categories:
Microsoft Excel Formulas & Functions
Real Estate Finance
Commercial Real Estate Lease Modeling
Cash Flow Statement Modeling
ARGUS Export Modeling
This exam is usually the last "gatekeeper" for the most coveted private equity real estate investing analyst and associate jobs at multifamily, retail, office, and industrial investment firms.
This course will teach you how to ace that exam.
This is NOT a beginner course. If you're just starting out in real estate investing and real estate financial modeling, this course likely isn’t for you.
BUT if you have a basic understanding of real estate investing and real estate financial modeling and you're either applying for jobs or preparing for an interview at a real estate investment firm, this course will give you an unfair advantage to land the job you're looking for and stand head and shoulders above your peer group.
I'm not really sure why, but it feels like this information is hidden. While investment banking analysts and other professionals generally know what they're getting into with an interview exam, real estate financial modeling exams generally feel like Pandora's box.
When I was interviewing for jobs, no one could seem to tell me what I had to know.
I honestly didn't even know where to look.
So, after taking multiple of these exams, and actually creating these exams for incoming analysts and associates, I decided to create this resource for anyone looking to break into the real estate private equity field.