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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.
    "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
    "LOVED the videos - and love that I can refer ... [read more] - Masters Student
    "I found it to be a perfect class to learn ... [read more] - Scott Rosenblum, Masters Student
    "...the Videos and REFM’s teaching are excellent... REFM provides information, ... [read more] - Charles A. Fritschler - Vice President
    "REFM's course was a valuable complement to my formal coursework; ... [read more] - Mike Alexander, LEED AP
    "As a government official planning affordable housing developments, I appreciate ... [read more] - B. Leon, Deputy Director
    "REFM's Excel Spreadsheets are an amazing tool for Real Estate ... [read more] - Bryan Granum, Masters Student
    "The Video preparation has enabled me to assimilate the material ... [read more] - Private Equity Investor
    "REFM brings particular value to their course because they provide ... [read more] - James Mack, President of REISA
    “Attending REFM’s Real Estate Development Financial Modeling for Apartment Buildings ... [read more] - Gregory Lentini, President
    "Thank you REFM! This is the single most productive day ... [read more] - Masters Student
    "...an excellent training system for Real Estate novices and professionals ... [read more] - Masters Student

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.