Real Estate Financial Modelling 4 Days Training in Brisbane

Our classroom training provides you the opportunity to interact with instructors and benefit from face-to-face instruction. Course Overview: Learn the fundamentals of Real Estate financial modelling then apply this knowledge to the real world financial modelling challenges in the property development sector. This course provides a sound understanding of both the principles of real estate financial modelling and the practical application of these to real-world situations through the use of spreadsheets. The course then builds upon the real estate financial modelling principles and practices learned to apply these to property developments and the financing of these. In this way, participants improve their mastery of real estate investment evaluation principles and concepts, then see how to apply these in practical applications. Finally, the course describes how to both detect and prevent errors from occurring. Target Audience: Property Analysts Finance Analysts Lenders/bankers involved with property Property Consultants CFOs & Accountants Property Investors Property Developers Property Syndicate Professionals Property Managers Providers of Public Housing Projects Learning Objectives: Real estate professionals often need to go beyond what pre-built financial models like Estate Master provide. Examples include analysing unique situations, complex deals, or just to ensure they understand the fundamentals of their projects forecast. This course provides an excellent grounding in building financial models for real estate property developments of all kinds. The examples used are primarily from projects where property is acquired, developed, then split-up and sold (although the same principles can be applied to all kinds of real estate financial modelling). If you already have some experience in property investment or development, and would like to take your modelling skills to the next level, making your models more flexible, robust and user-friendly, then this is an excellent course for you. Extensive worked examples and models are used throughout the course so that participants gain valuable experience in designing solutions to real-world financial modelling challenges in the property sector. Prerequisites: None Course Materials: Students will receive a course manual with presentation slides and reference materials. Examination: There is no exam for this course. Technical Requirements: For eBooks: Internet for downloading the eBook Laptop, tablet, Smartphone, eReader (No Kindle) Adobe DRM supported software (e.g. Digital Editions, Bluefire Reader) eBook download and activation instructions Agenda: Day 1: Advanced Excel Workshop This one-day intensive workshop helps participants to get the most out of the remainder of the course. It covers key, advanced areas of Excel that are relevant to real estate financial modelling and project evaluation. Here are just some of the areas we cover in our in-depth, hands-on workshop: Working with large data sets Summarising and aggregating data Extracting data that matches criteria using flexible formulas Error handling Ways of improving structure Techniques for keeping formulas consistent yet flexible Combining and splitting cells according to the content they contain Advanced techniques for creating automatically expanding charts and ranges Introduction to macros & when to use these We then apply and practise these functions during the remainder of the course. Day 2: Introduction Brief Introduction to Real Estate Financial Modelling What is a financial model? What is included in the scope of a financial model? What makes a good spreadsheet model? Principles of Best Practice Real Estate Financial Modelling The 7 steps of financial model building How to compare and contrast different scenarios Best practice guidelines and financial modelling standards Compare and contrast functions, formatting and functionality Designing for flexibility and scalability Designing for consistency Designing for usability and functionality Designing checks and balances Best practices for creating and displaying checks and balances Using financial modelling standards Compare different financial modelling standards Examples of standards and how to apply these Setting up Excel for efficient financial modelling Learn the tips and techniques that will dramatically speed up the creation of your financial models Using VBA in financial models When is it appropriate & when is it not appropriate? What things is it best suited for in financial modelling? Case Study: Modelling with Standards Identify the key components of a standards-based, real estate financial modelling template Day 3: Finance and Valuation Concepts Topics covered include: Principles of discounted cash flow (DCF) modelling Investment indicators: WACC, NPV, IRR, Payback Valuation techniques & considerations Escalation factors for revenue, costs and CAPEX S-Curve real estate financial modelling for construction costs Modelling uncertainty using sensitivity & scenario analysis Model optimisation to consider constraints: tools and techniques available Presentation and interpretation of results: charts & presentations Methods for comparing and selecting projects: key charts & techniques Case Study Part 1: Model Scoping, Timeline & Structure Design and scope the model: what should be included/excluded? What are the key outputs & sensitivities? How will the model need to be designed to provide these? Case Study Part 2: Inputs & Assumptions How to design and build a model that is flexible, robust, and user-friendly. Learn how to allow for future expansion, change of strategy, different scenarios and sensitivities in a way that allows the user to easily switch between these. Case Study Part 3: Cash Flow Model Create a cash flow model for a property development project, building up the model line-by-line. Day 4: Debt and Finance Modelling How to model debt finance in property models. Topics covered include: Typical banking covenants and financing arrangements Simple debt schedules More complex debt waterfalls Dealing with fees, interest expense, drawdowns, and interest capitalisation Cash sweep Case Study Part 4: Financing Extend your model to include debt financing and loan covenants Case Study Part 5: Investment indicators Calculate and sense-check the key outputs: charts, investment indicators. Case Study Part 6: Scenarios & Sensitivities Identify key risk areas and then incorporate sensitivity factors for these. Build a sophisticated scenario manager to run multiple scenarios and highlight the results. Control of Financial Models How to detect and prevent errors from occurring. Topics covered include: Why audit financial models? Excels auditing tools Automated testing tools: role, purpose, limitations, demonstration Model documentation Case Study Part 7: Controls & Checks Build controls and checks then summarise these so the models integrity can be checked and reviewed easily.