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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.
    "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
    "REFM's model is thorough and detailed to a "T". They ... [read more] - JB, Development Assistant
    "I have found REFM’s Product Modules to be most useful ... [read more] - Ravi Bhatia, PE, PMP
    “REFM’s resources are an innovative and effective way to complement ... [read more] - Charles Schilke, Associate Dean
    "Excellent seminar. Provides the insight and knowledge in order to ... [read more] - Orlando Marin, Senior Development Mgr.
    "A great introduction to the developer's analysis. A semester's worth ... [read more] - Daniel B. - Investment Advisor
    "As a developer, accurate modeling is critically important. REFM does ... [read more] - K. Gessin-Stern, Vice President
    "REFM makes short work of very complicated subjects in real ... [read more] - Jonathan Stern, Associate

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.