A list of tools, books, and websites I recommend.
Real Estate Financial Modeling
REFM provides students with best in class real estate financial modeling training. They offer intensive beginner classes that will teach you financial modeling techniques specific to a variety of real estate property types. While the only way to really learn financial modeling is dig in and do it on your own, REFM will accelerate the learning process. Full disclosure, I’m an affiliate of REFM. I recommend them because they are useful and helpful, not because of the small commission I make if you decide to buy their product. If you have any specific questions about any of their products, don’t hesitate to reach out. See the blog post I did on my affiliate partnership with REFM.
Breaking Into Wall Street
Being able to model real estate deals in Excel is one of the most important skills to starting your career in real estate. I’ve compiled all my top resources on learning to model real estate deals in Excel here.
Think Like a Real Estate Professional
The Real Estate Game was recommended to me by a family friend while I was in college and it served as the inspiration for this site. Bill Poorvu teaches the fundamentals of real estate in entertaining fashion, drawing from his 30 years of experience and teaching at HBS. Nearly 6 years later, the book still sits on my desk, filled with highlighter and marked pages. I was also lucky enough to interview Bill Poorvu, the master of the real estate game
Real Estate Finance and Investments by Peter Linneman. Dr. Linneman is the founder of Wharton’s Real Estate Department and is uniquely positioned to guide the next generation of real estate professionals. His book is filled with actionable insights and no matter how many times you read it, you’ll come away with new perspectives. Read it closely, do the exercises, and repeat. Aside from hands-on experience, I couldn’t think of a better way to learn the business.
I’ve compiled a full list of books which have shaped the way I approach real estate and business.
Real Estate Crowdfunding
Real estate crowdfunding platforms offer a great way for sponsors to access capital, investors to access deals, and students/young real estate professionals to learn the business. Below are a few of my favorite.
The Fundrise eREITs offer investors access to a pool of debt/equity investments at a fixed rate, with low fees, quarterly distributions, and quarterly liquidity.
RealtyShares is an online marketplace providing investors with access to small balance real estate deals.
RealCrowd provides its users the ability to invest in quality commercial real estate direct with expert real estate sponsors, fee free, and with full transparency.