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Real estate investing requires making sound financial decisions. Investors must base deals on accurate, comprehensive assessments of the property to ensure a successful return on investment. While making financial projections prior to any deal is an imperative step, building financial models can prove a complex and arduous task for many. Many investors are inexperienced in creating and manipulating financial models or simply attempt to cut corners when making financial projections.

Bruce Kirsch, founder and CEO of Real Estate Financial Modeling (REFM) has been providing investors with knowledge and resources for making financial projections on real estate investments. Through his company, Bruce has been providing investors expert advising and tools for web and excel-based financial models. Bruce has also contributed hundreds of blogs to inform investors on making financial projections. This episode, Bruce covers three common mistakes to avoid when making financial projections on real estate investments.

1. Stale Deals
   1. Caused by recycling a previous financial model on a new deal.
   2. Applying irrelevant data to a model affecting an investments projection
   3. Physical errors (executing incorrect function, entering wrong key, etc.)
2. Incorrect Forecasting Formulas
   1. Mostly caused by investing blindly in a property and/or making misinformed projections.
3. Missing Line-Items
   1. These are data that may have been omitted or excluded from entry in a financial model. Missing line-items cause inaccuracies in financial models

REFM is a great resource for investors. Not only do they offer professional financial model template services, they also provide investors with web-based tools and certification resources. Bruce has also personally contributed over 500 blog-posts providing expert advice for investors on financial modeling and the importance of making sound investment decisions.

Vist REFM’s website: www.getrefm.com to learn more

You can also contact Bruce directly through email: hello@getrefm.com

The post Ep. 66 Bruce Kirsch – Don’t Make These Mistakes When Making Financial Projections on Real Estate Investments! appeared first on Real Estate Investing in Florida.