Real Estate Models for Single-Family Properties - Adventures in CRE

Land Development Model – Multi-Scenario (Updated Aug 2025)

Spencer Burton — Fri, 08 Aug 2025 14:50:21 +0000

Over the years, we’ve shared eight development-focused real estate financial models and numerous development-specific tools to the A.CRE Library of Excel Models. Nevertheless, there’s been a hole in the development offerings in our library. The library has been missing a model to analyze general land development scenarios, such as master-planned residential and commercial developer opportunities […]

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Residential Land Development Pro Forma (Updated July 2025)

Spencer Burton — Tue, 15 Jul 2025 12:00:07 +0000

As many of you know, I started my career in residential land development first as a broker and later as a principal. During that time, I built my fair share of residential land development Excel pro formas, modeling returns and forecasting cash flows for my clients and investor partners. I’ve since transitioned into the institutional […]

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Single Family Home Construction Pro Forma for Home Builders (Updated July 2025)

Spencer Burton — Tue, 01 Jul 2025 14:00:07 +0000

I’m often asked to share models centered around residential development and home building. This is an area of real estate I’m completely comfortable in, since I spent the first 10 years of my career in new residential development. Not surprisingly, I’ve assembled a decent size library of Excel pro formas for land developers and home […]

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Watch Me Build a Residential Land Development Model (Updated June 2025)

Spencer Burton — Sun, 08 Jun 2025 18:30:54 +0000

Over the years, we’ve created a sizable library of Watch Me Build videos covering Excel models for various real estate investment and property types. However, we’ve yet to create a Watch Me Build involving for-sale product. So this weekend, I thought I’d sit down and record myself building a residential land development model. The exercise […]

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Excel Pro Forma for Flipping Houses (Updated Jan 2025)

Spencer Burton — Sat, 11 Jan 2025 00:15:17 +0000

Before moving to the principal side of the business, I began my career as a self-described real estate investment specialist, largely working as a land broker but dabbling in other areas including the popular “single-family flip” space. In all honesty, I wasn’t qualified for the title. In fact, I had little to no actual experience […]

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Single Family Residential Investment Analysis Model (Updated Apr 2023)

Spencer Burton — Thu, 27 Apr 2023 06:00:55 +0000

Pre-2008, I bought and sold my fair share of single family homes – both for investment purposes (rental or flips) and to live in. In those days, almost everyone was “investing” in residential real estate – hence the market crash. I personally don’t have any plans to get back into buying and selling homes, beyond […]

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Single Family Rental Proforma (Updated Apr 2023)

Michael Belasco — Sun, 23 Apr 2023 00:10:45 +0000

With all the continued and growing interest in single family rentals these past few years, I decided to spend some time these past few days diving into building a single family rental proforma. Prior to getting underway, and what we encourage all of you to do, is I poked around on our website as I […]

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Watch Me Build – Capital Stack with Mezzanine Debt

Spencer Burton — Tue, 05 May 2020 00:57:42 +0000

One of the more difficult aspects of modeling a real estate development is figuring out how to handle equity and debt cash flows. This becomes all the more difficult when a second tranche of debt is introduced. In this Watch Me Build video, I turn on my screen recorder and talk through modeling a capital […]

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Watch Me Expand the Home Construction Pro Forma

Spencer Burton — Tue, 31 Dec 2019 01:55:21 +0000

I’m regularly asked to expand my single family home construction pro forma to analyze the construction of more than one home. I’ve contemplated adding that functionality to the model, but it is such a custom task that no template could really cover even a majority of multi-home scenarios. So instead, I thought I’d show you […]

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