Real Estate Analyst
Learn how to build Real Estate Cash Flows in Excel. This course is the only one of its kind that shows you how to build sophisticated flexible models from first principles. The course concentrates on tools and solutions rather than templates. Several alternatives are built from scratch offering you maximum control over the model building process.
You will learn how to set up rent functions for a multi-let property including all the standard lease features occurring in the UK. You will also learn how to add debt structures, calculate various return metrics and build in sensitivities and scenarios to complete your Real Estate investment case.
AI can now produce sophisticated models at the touch of a button, so it’s never been more important to understand a cash flow model inside out. There’s no better way to do that than building one yourself from scratch. That understanding is what allows you to question, check and get the best out of AI, rather than relying on a model you can’t fully explain.
On this course, you will…
- Revise income mathematics
- Learn how to structure a cash flow
- Learn how to build lease behaviour into income streams
- Build in different debt structures
- Analyse using sensitivity and scenario analysis
- Employ all the short-cuts and solutions to common modelling problems
- Learn how to use AI to check, adapt and improve your models
Who will benefit from this course?
- Real Estate Investors
- Surveyors
- Portfolio Analysts
- Investment Managers
- Asset Managers
- Real Estate professionals at any level with exposure to real estate financial models on a frequent basis
- Mid-level to senior Real Estate Analysts who would like to start building their own real estate models quickly, rather than relying solely on coaching from existing team members
- Junior or new Real Estate Analysts who would like to start building their own real estate models quickly, rather than relying solely on coaching from existing team members
- APC candidates who would like the opportunity to consolidate their competencies by understanding how theory and variables interact within the precision context of a financial model.
Course Outline
Know how to build a property asset cash flow, analyse geared, and un-geared IRRs.
- Term & Reversion and Layer Method Valuation (Intro to Excel)
- Equivalent Yield (Solver, Scenario and Goal Seek functions)
- Single-Let Discounted Cash Flow
- Cash Flow inputs (Rents, Yields, Growth Rates, Target Returns)
- Analysis and use of date series
- Internal Rate of Return (IRR) and Net Present Value (NPV)
- Comparing Value, Price and Worth
- Adding borrowing and analysing geared returns
- Introducing Rent Reviews and other ‘events’ into cash flows
- The ‘Rent Function’ concept and Logic functions (IF, OR, AND)
- Sensitivity analysis
- Using AI to update and adapt the model to other investment opportunities
- Using AI to catch errors, inconsistencies and inefficiencies in formulae
Know how to build a multi-let property cash flow and apply the concepts on a hypothetical case study.
- The ‘Rent Function’ and Multi-let cash flows
- The ‘date problem’ and assumptions in property asset cash flows
- Reducing the rent function, intermediate calculations and modelling theory
- Modelling lease expiries, break clauses, voids, and upward only covenants
- Incorporating time-varying rental growth rates
- Analysing multi-let cash flows to see if the leases are sufficiently diversified
- Further IRR analysis (XIRR, MIRR)
- Using AI to extract lease information and populate a tenancy schedule
International Note
Our Real Estate Analyst course can be delivered internationally. Every market is well researched by our product development team before we deliver the courses. This essential course has been revised to apply to different jurisdictions for financial modelling theory prior to a detailed analysis of the covenants. The following courses cover European or African leases.
Course Details
Number of days: Two days
Delivery: In-person & Virtual
Course type: Financial Modelling
Course level:
Pre-requisite: Excel Fundamentals for Real Estate Professionals
CPD Hours: 15
Upcoming Course Dates:
- 7th & 8th December 2026
- 25th & 26th January 2027
- 22nd & 23rd February 2027
Course Schedule: Public Course Dates
COURSE ADD ON:
Case Study – £200 + VAT
More information can be requested here – Case Study
Price Per Person
In-Person
- Course Delivery
- Course Manual
- Course Files
- Two Month’s Post-Course Support
- CPD Accredited Certificate
- Online Learning Resources
- Financial Modelling Proficiency Badge
How to Book
Course Bookings:
Jacob Noble
[email protected]
Course Delivery & Administration:
Emma Wilson
[email protected]
Are you currently studying?
Want to know more?
Webinar & Property Bite Videos
Compounding & Discounting cash flows – Property Bites
What does a Real Estate Asset model look like? – Introduction to Financial Modelling