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Real Estate Financial Modeling provides financial analysis, training and data solutions for the multi-trillion dollar global commercial real estate business.
    "Thank you. This was very informative and well presented. ... [read more] - Attendee
    "Overall most helpful & a great presentation." [read more] - Attendee
    "Bruce is a talented real estate professional and experienced real ... [read more] - James Lenhart, Vice President
    “REFM Training is the best way to get your Analysts ... [read more] - Victor Svilik, Managing Principal
    “I work for a premier real estate investment bank and ... [read more] - S. Binswanger, The Binswanger Co.
    "REFM has created a truly unique and valuable product that ... [read more] - Benjamin Dunford, Real Estate Executive
    “REFM's program isn't just for those learning real estate modeling ... [read more] - Martin D., Real Estate Entrepreneur
    "Real Estate Financial Modeling helped me bridge the gap left ... [read more] - Luke Davis, Analyst
    "REFM's presentation on Real Estate Financial Modeling was truly comprehensive ... [read more] - UPenn MCP Student
    "REFM's class was extremely thorough and provided me with resources ... [read more] - Georgetown MBA Student
    “REFM’s development modeling class was very beneficial to my understanding ... [read more] - Wharton MBA Student
    “REFM's financial modeling session not only provided the steps and ... [read more] - GWU MBA Student
    “REFM provided PrimeMark with valuable insight and a competitive advantage ... [read more] - Wayne Slavitt, President and CEO
    “...the skills I learned in REFM’s video tutorials surpassed those ... [read more] - Joseph Stampone, Masters Student
    "I was extremely impressed with the model, videos and overall ... [read more] - Kevin Sheehan, President

Why Real Estate and REFM


The Value of Real Estate

Real estate investment and ownership creates and preserves wealth, enables financial independence, and drives positive change. It offers us the following unique benefits:
  • The use of the bank's and other people’s money. Real estate is the most accessible of the investment types, because we do not need to personally have a lot of cash or assets to get started.
    • Lenders are often more willing to finance a sound real estate investment than even a great business idea because real estate investments always involve collateral of indisputable value: land. With the aid of leverage, we can typically purchase something 5 times the amount of cash we have to invest.
    • Similarly, investors like real estate because it is tangible, easy to understand and offers attractive tax benefits. The ease of conveying the potential of the property allows us to raise equity capital with relatively less selling and storytelling than for a non-real estate investment opportunity.
  • Protection from inflation. Intelligently written real estate leases include rent escalations tied to an inflation Index, which protect the value of our cash flows in an inflationary environment. While the spending power from our savings account erodes, real estate cash flows offer consistent real rates of return.
  • Shielding from income taxes. Depending on the investment and the applicable accounting standards, we can often decrease our taxable income by significant sums. For instance, the US allows for shielding of income through the writing off of interest cost, through the depreciation of building structure and capital improvements, and through the amortization of loan points.