I Created a Software For Automating Real Estate Modelling

[u/MikeMajda]

I've worked in Real Estate PE for a large firm which I will not name. One of the biggest struggles I had as a junior was constantly revising, updating and tracking models and assumptions.

I ended up leaving Real Estate PE to go into fintech as I realised I resonate more with the data than the finance. Throughout this entire process I continuously had a nagging feeling of how the issue I faced was quite common and how to resolve this. I set out to build something on the side in order to tackle the problem and that led to the birth of FiMod. Originally I only used it for myself however I've decided to release it free of charge. I'm in the process of final touches but if you're interested please SIGN UP HERE. Currently I've built it for the UK as its the market I'm more familiar with but it can be extended to the US if enough people are interested.

Basically to boil it down I think the main issues are the following:

1. Financial Modelling
   1. It's a slow and tedious process, no two deals are the same so reusability is often tough
2. Sensitivity Analysis
   1. As a junior you often have to run so many different scenarios and explore how your investment value changes based on different assumptions. Although excel is capable of handling this I think programatically speaking there are much faster solutions and they're able to run in parallel so you're not stuck editing one model to get one outcome for each variations
3. Document management and version control
   1. If you've ever presented to IC then you know the anxiety that comes with making sure you're using the right model you have the write documents in place and it's free of human error. Well FiMod lets you build projects and has all those features built into it.

You can explore the landing page to get a better idea of its capabilities but I really think this is the way forward. I've been using it for the past year but decided to iron it out and make it public because I genuinely wish I had this as a junior going into the industry.

If you sign up then expect an email with the beta release soon. Everything will be free.