Bruce Kirsch
Bruce Kirsch
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REFAI® Cohort Information Session with Bruce Kirsch - Aug 12, 2024
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Learn CRE investing and Excel modeling, while also joining a growing network of peers rising up in the business.
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15 Minute Free Consultation with Bruce - calendly.com/bkirsch-getrefm/15-min-consultation-with-bruce-kirsch
zhlédnutí: 34

Video

REFAI Cohort Info-Session Invite for 2nd August
zhlédnutí 20Před 14 dny
Register here - us06web.zoom.us/meeting/register/tZUrde2tpzotHdSs_ojQKxC9lSSXuJTHNoRR?_x_zm_rtaid=-6C5X0VTROadPnqlF8WTtg.1722520543377.1d1401479908428d82fdf84f799c7dcf&_x_zm_rhtaid=156#/registration Learn all the information you need about our Real Estate Finance and Investments (REFAI®) Certification Cohort starting on September 9, 2024. This is your chance to learn about the program, ask ques...
REFAI Cohort Launch Webinar - July 10, 2024
zhlédnutí 44Před měsícem
Why join REFAI Cohort? Comprehensive 8-week program Hands-on learning with industry experts Networking opportunities with peers and professionals Flexible payment plans available through Affirm Plus, the Real Estate Finance and Investments textbook is included! Watch this info-session to learn what REFAI is about and how Cohort learning can help boost your career with structured learning and pe...
CRE Excel Spreadsheet Best Practices with Bruce Kirsch
zhlédnutí 159Před 7 měsíci
To access the free full webinar replay, go here: courses.getrefm.com/shop/training-courses/webinar-best-practices/ In this webinar, you will review best practices related to working in Excel spreadsheets and practice techniques in a live workbook. Topics covered include: - consistent formatting of assumptions inputs vs. formula-based outputs - rapid file navigation techniques - model checks tec...
Demo of REFM's Professional Version Mixed-Use Apartment Building Development Pro Forma Excel Tool
zhlédnutí 228Před 10 měsíci
The Professional Pro Forma is a highly-flexible Excel-based analysis tool for modeling the ground-up development, operation and sale of an apartment/multi-family rental building with or without ground-floor retail and income-producing parking. It is suited for presentation to a wide array of debt and equity capital sources, including institutional players getrefm.com/professional-apartment-deve...
Demo of REFM's Standard Version Mixed-Use Apartment Building Development Pro Forma Excel Tool
zhlédnutí 75Před 10 měsíci
The Standard Pro Forma is a robust Excel-based analysis tool for modeling the ground-up development, operation and sale of an apartment/multi-family rental building with or without ground-floor retail and income-producing parking. It is suited for detailed monthly-based analysis and it generates before-tax IRR, net profit, cash on cash, equity multiple and NPV outputs, among others. getrefm.com...
Demo of REFM's Multi-Year Back of the Envelope Model for Apartment Building Development
zhlédnutí 141Před 10 měsíci
REFM's Multi-Year B.O.T.E. Excel tool is suited for rapid apartment building development feasibility and residual land valuation based not only on a stabilized yield on cost, but also on goal-seeking to a targeted before-tax IRR, net profit, multiple on equity or NPV metric. Includes an optional refinancing after stabilization. getrefm.com/professional-apartment-development-pro-forma-templates/...
How to use a simple IF statement to help make your pro forma fully dynamic (stop trigger)
zhlédnutí 192Před rokem
Excerpt taken from: courses.getrefm.com/shop/training-courses/va-apt/ In this hands-on-the-keyboard Excel course, you will learn how to model the acquisition, value add renovation, refinancing and sale of an existing apartment building. You will also receive access to two unlocked Excel-based templates for use on the job: a one-tab multi-period annual Back of the Envelope tool, and a presentati...
(2023) NEW! Build It Together | Dynamic Amortization Table in Excel, including advanced features
zhlédnutí 1KPřed rokem
To get the Excel file that goes with this, acquire free access to the tutorial here: courses.getrefm.com/shop/free-tools/amort/ In this FREE hands-on-the-keyboard “build it together” Excel tutorial, you will learn how to model an amortization schedule table for a senior mortgage loan. The flexible tool you will build supports fixed and floating rate interest (from Chatham Financial forward rate...
Value Add Apartment Acquisition Modeling Tutorial
zhlédnutí 173Před rokem
courses.getrefm.com/shop/training-courses/va-apt/ In this hands-on-the-keyboard Excel course, you will learn how to model the acquisition, value add renovation, refinancing and sale of an existing apartment building. You will also receive access to two unlocked Excel-based templates for use on the job: a one-tab multi-period annual Back of the Envelope tool, and a presentation version of the 15...
Construction Hard Costs Bell Curve Modeling Explanation
zhlédnutí 3,3KPřed 2 lety
Watch this video if you want to understand why ground up real estate development analyses tend to model construction hard cost outlays in a bell shaped profile.
Commercial Suite Vacancy Modeling Basics Using An IF(OR compounded formula
zhlédnutí 313Před 3 lety
How do commercial landlords think about potential lease rollover vacancy for a suite? How do analysts model it out? Learn the basics of both in this free 6-minute video. Want to dig deeper and earn a meaningful resume credential? Check out REFAI lnkd.in/erEr-bU
Get Excel to work for you by leveraging Conditional Statements
zhlédnutí 206Před 3 lety
Want Excel to do work for you? Then you need to learn how to leverage conditional statements. This free 4-minute intro video will get you started. Want to take it further? Get our Level 1 Excel for Real Estate Bootcamp courses.getrefm.com/shop/training-courses/excel-for-real-estate-certification-level-1-bootcamp-excel-for-real-estate/ or the Levels 1-3 Bundle courses.getrefm.com/shop/training-c...
REFM Generic Cash Flow Projection Formula Modeling Tutorial
zhlédnutí 471Před 3 lety
Stumped on a cash flow projection formula? In less than 10 minutes, learn REFM's generic syntax for modeling pretty much any CRE property cash flow line item. Want REFM to train your firm? www.getrefm.com/training-and-certification/corporate-training/corporate-in-house-training/ Want to study on your own pace? courses.getrefm.com/
Sample Content REFM's Truly Understanding Cap Rates
zhlédnutí 427Před 3 lety
In this lecture course and quiz from Real Estate Financial Modeling, you will learn all about capitalization (cap) rates: what they are, how to calculate them, and how to think about selecting future sale cap rates. courses.getrefm.com/shop/training-courses/truly-understanding-cap-rates/
Sample Content REFM's Demystifying The Excel Pro Forma
zhlédnutí 256Před 4 lety
Sample Content REFM's Demystifying The Excel Pro Forma
Sample Content - REFM's Introduction to the Real Estate Business
zhlédnutí 420Před 4 lety
Sample Content - REFM's Introduction to the Real Estate Business
Sample Content REFM's Real Estate Finance and Investments in 80 Minutes
zhlédnutí 508Před 4 lety
Sample Content REFM's Real Estate Finance and Investments in 80 Minutes
Sample Content - REFM's Identifying Risks and Opportunities in Commercial Real Estate
zhlédnutí 194Před 4 lety
Sample Content - REFM's Identifying Risks and Opportunities in Commercial Real Estate
REFM Level 3 Bootcamp Sample Clips
zhlédnutí 1,4KPřed 4 lety
REFM Level 3 Bootcamp Sample Clips
Advanced Single Transaction Debt and Equity Modeling Course Sample
zhlédnutí 509Před 4 lety
Advanced Single Transaction Debt and Equity Modeling Course Sample
REFM Office Building Development Modeling Tutorial Sample
zhlédnutí 549Před 4 lety
REFM Office Building Development Modeling Tutorial Sample
Why Real Estate Is So Heavy With Debt
zhlédnutí 574Před 4 lety
Why Real Estate Is So Heavy With Debt
Present Value of a Dollar Explained
zhlédnutí 459Před 4 lety
Present Value of a Dollar Explained
The Most Popular Type of Real Estate Debt
zhlédnutí 361Před 4 lety
The Most Popular Type of Real Estate Debt
The Challenge With The Entrepreneurial Deal Structure
zhlédnutí 317Před 4 lety
The Challenge With The Entrepreneurial Deal Structure
The Art of Negotiations in Commercial Real Estate
zhlédnutí 823Před 4 lety
The Art of Negotiations in Commercial Real Estate
Campus Apartments CEO David Adelman on the Biggest Lesson He Has Learned
zhlédnutí 660Před 4 lety
Campus Apartments CEO David Adelman on the Biggest Lesson He Has Learned
Commercial Real Estate Negotiation: The Truth Behind Your Opposition
zhlédnutí 214Před 4 lety
Commercial Real Estate Negotiation: The Truth Behind Your Opposition
What Is Common To All Real Estate Asset Types?
zhlédnutí 166Před 4 lety
What Is Common To All Real Estate Asset Types?

Komentáře

  • @9yle.s
    @9yle.s Před 4 měsíci

    Hey Bruce, is Capitalized Value is the same meaning as the Exit Value/Exit EBITDA?

    • @refm
      @refm Před 3 měsíci

      It's the sale value.

  • @adamkalinda8032
    @adamkalinda8032 Před 10 měsíci

    Thanks

  • @johnp999
    @johnp999 Před rokem

    So how do you bridge the chasm? When you are starting out, you can't just raise $3 Billion, the big players obviously don't have any reason to trust your skills. It seems the way to start is by raising $3 million a few times and build a portfolio of properties at that size, then graduate to raising $30 million-sized funds and build a big portfolio and reputation as a great business person at that level, and then eventually work your way up to the multi-billion dollar level. Presumably this would take many years. Or decades. The only shortcut I can imagine is -- if you have say $3 million or so to start -- is to *hire* (or partner with) people with the multi-billion-dollar experience and reputation, and get busy raising money at their level, and hire all the similarly-experienced operations and analysis folks, etc. I WOULD PAY YOU LOTS OF MONEY if you could guide me to the multi-billion-dollar level as efficiently as possible! Reviewing your course materials, I'm not certain this is what you offer. Is it? Please let me know.

  • @marcosgarza007
    @marcosgarza007 Před rokem

    Lit 🔥

  • @cascounty
    @cascounty Před rokem

    Does anyone know what the "j' in cfj stands for???? I know what is does I just want to know what the 'j" word is. Like CFo stands for "Cash Flow Original" what does J stand for as I know cfj is Cash Flow something.... please help. thanks in advance.

  • @musasibeko9216
    @musasibeko9216 Před rokem

    😭😭😭😭😭need this course!!!!!!!!!!!

  • @Protector1993
    @Protector1993 Před rokem

    Is audiobook available at all? If yes then where we can buy it ?

  • @yisun4476
    @yisun4476 Před 2 lety

    can you share this modeling excel spreadsheet?

  • @jeffreyramirez6263
    @jeffreyramirez6263 Před 2 lety

    great spread sheet but when I put in 15 months to test it out, Year 2 will not populate. It seems to only populate when you have 24 months up to 35 same true with the other years. Am I looking at this incorrectly? thanks

  • @mariajg6469
    @mariajg6469 Před 2 lety

    Excellent video. How can I get a copy of the spreadsheet?

    • @REFinancialModeling
      @REFinancialModeling Před 2 lety

      Hi Maria, glad you found it helpful. Here is the link: getrefm.com/shop/free-refm-software/leasing/free-comparative-lease-analysis-from-both-landlord-and-tenant-perspectives-excel-model-template/

  • @LGoromonzi
    @LGoromonzi Před 2 lety

    Thank you so much for your video

  • @neil_sol
    @neil_sol Před 2 lety

    26:25 why do you have to do RCL n

  • @williamlundy8211
    @williamlundy8211 Před 2 lety

    Is this file still available for download?

  • @marcoam7507
    @marcoam7507 Před 3 lety

    its posible to habe the excel file thanks.

  • @hunternelson5809
    @hunternelson5809 Před 3 lety

    Great discussion and insight to ground leases!

  • @tsp8855
    @tsp8855 Před 3 lety

    appreciate the interview w/ Dr Linneman. Ive read through some parts of his book; it was overall pretty easy to read and the concepts were pretty well-explained, but the price was a little on the costly side

  • @kentheengineer592
    @kentheengineer592 Před 3 lety

    What if there are no comps and its in the middle of nowhere

  • @rophinemwakidimi4866
    @rophinemwakidimi4866 Před 3 lety

    How can I get a hard copy

  • @cyberla
    @cyberla Před 3 lety

    Just learning of REFM today. Great program. Lot of basics and little slow but I am sure that the program will do a deep dive into the industry.

    • @Ice-qq1or
      @Ice-qq1or Před 3 lety

      How much was it

    • @averyrustad7605
      @averyrustad7605 Před 3 lety

      @@Ice-qq1or the bundle for levels 1-3 is $229 for students and military or $399 for all else.

    • @Chris-fo9rf
      @Chris-fo9rf Před 2 lety

      @@Ice-qq1or it’s on their website

  • @t-squared6406
    @t-squared6406 Před 3 lety

    the first big growth I saw was the mass exodus from Cal in about 91 or 92 and it hasn't stopped!!

  • @Walina1001
    @Walina1001 Před 3 lety

    If it was a return and I am selling $100,000 NOI in Ohio for $1,000,000 and a seller has $100,000 NOI in CA and demands $2,000,000 at a 5% cap rate how do you explain to me that the CA investor is getting twice what I did for HALF the what you call "return"?

  • @ryanrichard4614
    @ryanrichard4614 Před 3 lety

    I never thought I would get paid because the experience was tough and made me want to give up, I'm glad I met Mr Nicholas Myron , with his help and strategies I was able to get good returns on my investment after 7days of trading , I'm really grateful and I recommend him to everyone who wished to get paid also on Instagram @nicholas__fxtrade..

  • @leonpedro1135
    @leonpedro1135 Před 3 lety

    The rich get Richer because the poor thinks every opportunity is a scam. i took bitcoin investment as my part time job, investing with a legit platform and i 'm earning smoothly without any stress. i got paid of $30k after a week of investing, I really appreciate it and can't help but let others know about it because it is so suitable anyone can trade from anywhere and anytime Mr Nicholas is recommended on Instagram @nicholas__fxtrade. for more information. He is genius...

  • @ShaqAlon
    @ShaqAlon Před 4 lety

    Are the other chapters also in audiobook? Just bought the textbook but due to dyslexia the combination of reading and listening at the same time works best.

    • @refm
      @refm Před 3 lety

      Hi, no, sorry. My apologies for the late reply.

    • @refm
      @refm Před 3 lety

      However, there are narrations on textbook.getrefm.com though for the chapter overviews and summaries.

  • @mohammedromanshaikh8025

    Sir I had emailed u...no replies from u yet??

  • @mohammedromanshaikh8025

    Hi Sir ...how can I avail ur courses..?

    • @refm
      @refm Před 4 lety

      Courses.GetREFM.com

    • @mohammedromanshaikh8025
      @mohammedromanshaikh8025 Před 4 lety

      @@refm Hi Sir I want discuss u something .... could u send me ur email...so that I can contact u....

    • @refm
      @refm Před 4 lety

      @@mohammedromanshaikh8025 bruce@getrefm.com

  • @bigbrotherinlife1654
    @bigbrotherinlife1654 Před 4 lety

    Is this online training

    • @shakaguru1896
      @shakaguru1896 Před 4 lety

      One of the best, if not the best!

    • @refm
      @refm Před 4 lety

      Yes, at Courses.GetREFM.com

  • @qwerty1945yt
    @qwerty1945yt Před 4 lety

    Bruce, great tip that data table references will not work referenced to other tabs, that's how I would have initially thought to set it up, and it would not have worked. Thanks!

    • @refm
      @refm Před 4 lety

      My pleasure. Yes, it's amazing that Excel doesn't warn us.

  • @simopro5238
    @simopro5238 Před 4 lety

    Hi people I'd like to share this product with you to earn money from home just click here: amzn.to/3cI0ZzB

  • @henripopa
    @henripopa Před 4 lety

    Hi Bruce, I am trying to do a sensitivity analysis on the sale price by sensitizing the exist year NOI on row header and the exist year cap rate on the column header, and the value is the same. My workbook calculation is set to automatic except for data tables and outside the exist price which is being pulled from a different tab, the exist year NOI and exist year cap are hard coded in the sensitivity analysis tab. Could you provide some insight on why I am not getting the correct results?

    • @refm
      @refm Před 4 lety

      Hi, if your calcs are set to "automatic except for data tables" then you need hit F9 on PC or Cmd+= on Mac to run the data tables. OK?

    • @refm
      @refm Před 4 lety

      NOI is an output, not an input, thus it cannot be a header variable. Rent PSF could be, however.

  • @GReid-ol5gk
    @GReid-ol5gk Před 4 lety

    Bruce, you're the man.

  • @Walina1001
    @Walina1001 Před 4 lety

    NO, you have it completely backwards. Cap rates come from an income approach to value called direct capitalization. V=I/r It means in a 10 cap market the market will only pay $10 for a possible $1 NOI but will pay double, $20 in a 5 cap market for the exact same dollar of NOI. A cap rate is not a return and there is no need for an investor to ever calculate a cap rate.

    • @REFinancialModeling
      @REFinancialModeling Před 4 lety

      Hello Walin1001, thank you very much for your comment! I can understand how you feel that we have it backwards. It's a matter of perspective, however, as one can see the cap rate as both a measure of net income yield on price, and also the determinant of that price. In the case of a transaction that does not use debt, the cap rate (assuming it is net of reserves) is in fact the cash flow return to the equity, so its calculation is indeed relevant to an investor.

    • @Walina1001
      @Walina1001 Před 4 lety

      @@REFinancialModeling Bruce stated, "one can see the cap rate as both a measure of net income yield on price, and also the determinant of that price. In the case of a transaction that does not use debt, the cap rate " NO, all a cap rate does is tell you what the market is paying per $ of possible NOI. In a 5 cap market it sells for $20 and in a 10 cap market it sells for $10. If it was a "return" "yield" then wouldn't you think higher was better? Yet in a 5 cap market a seller won't sell his $1 of NOI unless the buyer gives him double what a 10 cap market seller will take for twice the "return". Hmmm See, cap rates are a valuation metric not a return. If a transaction does not use debt or if it is financed 100% the cap rate is EXACTLY the same. Hmmm Are you saying financing does NOT affect your return? I don't know any investor that would agree with that. Mull that over and get back to me if you still don't understand.

  • @AceHardy
    @AceHardy Před 4 lety

    👑

  • @adamanderson225
    @adamanderson225 Před 5 lety

    Nicely done very succinct

  • @MrDaice
    @MrDaice Před 5 lety

    how I can buy it?

  • @pariyateppitaksak7717

    Any discount for students?

  • @ottomobili2575
    @ottomobili2575 Před 5 lety

    Bruce, Excellent Video. I currently work as a property manager in Mutlifamily, but am in the process of onboarding with a firm that manages office and industrial. I have a modeling test for the position in one month, do you offer a program for these sectors specifically?

  • @gridmaster6866
    @gridmaster6866 Před 5 lety

    You might mention this later in the course but one great Excel feature for real estate is using hyperlinks in cells to link to online resources like listings or maps. This example gif shows how to add these links: gridmaster.io/spreadsheet-tips/how-to-add-hyperlink-excel

  • @BossChronicles
    @BossChronicles Před 5 lety

    How does one become a real estate investor and developer

    • @samann95014
      @samann95014 Před 5 lety

      By first working in this industry & continuously learning from books, videos, interest groups & other. Finally, you gotta take bold steps, calculated risk. Made $10MM in 20 yrs. Wasn't an easy journey but now I'm set for life.

    • @jaromejordan7943
      @jaromejordan7943 Před 4 lety

      Sam Ann hey what part of the industry exactly did you start out in?

    • @Global_rm
      @Global_rm Před 2 lety

      @@samann95014 can you refer to me some videos I can use and some books to read

  • @HelenoPaiva
    @HelenoPaiva Před 6 lety

    the website appears to have been redisegned. where can i find the book he mentions by the end of the video?

    • @HelenoPaiva
      @HelenoPaiva Před 6 lety

      found it: www.getrefm.com/training-and-certification/hp-12c-calculator-skills-for-real-estate-certification/

    • @refm
      @refm Před 6 lety

      www.getrefm.com/training-and-certification/hp-12c-calculator-skills-for-real-estate-certification/

  • @lucybautista7723
    @lucybautista7723 Před 6 lety

    Thank you, so much. Your explanation is very helpful!

  • @reignmkr64
    @reignmkr64 Před 6 lety

    This was short yet very informative! Thank you.

  • @Matt-vd3xv
    @Matt-vd3xv Před 6 lety

    Thanks for sharing. Have you got any publisher/distributor here in the UK? The delivery cost of $60 is way to high. Are you planning to issue an ebook?

    • @refm
      @refm Před 6 lety

      My pleasure. We appreciate the concern about the high cost of shipping to Europe. It is an understandable deterrent. We have looked in to having a distributor on that end but thus far, have not found a situation that works. Also we’ve gone back and forth about the E-book issue but for now, do not have any plans to produce the book in that format.

  • @eugeneshilow
    @eugeneshilow Před 6 lety

    Awesome, thank you!

  • @radbcc
    @radbcc Před 6 lety

    Interesting, but wish he would have answered the question....

  • @bigbrotherinlife1654
    @bigbrotherinlife1654 Před 6 lety

    I ordered this bootcamp, I wonder if I could this download it. I bought it some time ago.

  • @newhen2
    @newhen2 Před 6 lety

    Can we get the model download?

  • @balab7680
    @balab7680 Před 6 lety

    Hi, Can you share us excel format which your explain in this video.

  • @tomr1107
    @tomr1107 Před 7 lety

    Thank you for uploading these videos. Very helpful.

  • @baloney_sandwich
    @baloney_sandwich Před 7 lety

    very good lecture, thanks.