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Tier 2 — Financial Analysis·Course 04·CIRE Level 1 — Financial Analysis
Financial Analysis for CRE
Discounted cash flow, IRR, NPV, and MIRR from the ground up
The gateway course for the CIRE — Certified Investment Real Estate Expert track. You'll build the mental model that underpins all serious CRE investing: the discounted cash flow, the time value of money, and the reason IRR and cap rate answer completely different questions. By the end you can underwrite a 10-year hold on any asset class.
⏱150 minutes
📚7 lessons
$Free forever
What you'll learn
- Explain the time value of money and why it drives every CRE decision
- Build a 10-year discounted cash flow (DCF) projection for a sample deal
- Calculate and interpret IRR, NPV, MIRR, and equity multiple
- Understand the capital stack: senior debt, mezz, preferred equity, common equity
- Use a full cash flow model to compare two competing investment opportunities
Lessons
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