We're back for more.
Volume 1 was a hit. After it had been out for a while, a number of people reached out to me and said, "That was great. But do you have something even harder?"
Ask, and ye shall receive. :)
In Volume 2, I ratchet up the difficulty.
If you liked Volume 1, you'll love Volume 2.
Sign up now and get started. I launched the cases in 2025 and I've been adding one case per week since March. I'm adding one case a week starting in March of 2025 until I have 12 cases live.
Teetering Tower Prompt
FREE PREVIEWOverview and Inputs
FREE PREVIEWOverview and Inputs, Excel
FREE PREVIEWSetting Up the Income Side
Setting Up the Income Side, Excel
Some Basic Valuation and a Data Table
Some Basic Valuation and a Data Table, Excel
Setting Up the Mortgage, Basic
Setting Up the Mortgage, Basic, Excel
More on Debt
More on Debt, Excel
Finishing Leverage and Starting Equity
FREE PREVIEWFinishing Leverage and Starting Equity, Excel
Building the Equity Structure
Building the Equity Structure, Excel
Correction - Vacancy
Correction - Vacancy, Excel
Alphabet Advisors Prompt
FREE PREVIEWOverview and Inputs
Overview and Inputs, Excel
Setting Up Unlevered Cash Flow
Setting Up Unlevered Cash Flow, Excel
Finishing Unlevered Cash Flow
Finishing Unlevered Cash Flow, Excel
Levered Cash Flow
Levered Cash Flow, Excel
Integral Partners Prompt
FREE PREVIEWOverview and Inputs
Overview and Inputs, Excel
Setting Up Unlevered Cash Flow
Setting Up Unlevered Cash Flow, Excel
Levered Cash Flow
Levered Cash Flow, Excel
Valuation
Valuation, Excel
Francois Fund Prompt
Overview and Inputs
Overview and Inputs, Excel
The Rent Roll
The Rent Roll, Excel
Unlevered Cash Flow
Unlevered Cash Flow, Excel
Reassessment and Valuation
Reassessment and Valuation, Excel
Funding the Shortfall
Funding the Shortfall, Excel
Sources and Uses
Sources and Uses, Excel
Finishing It Up
Finishing It Up, Excel
Agita Advisors Prompt
Setting Up The Assumptions
Setting Up The Assumptions, Excel
Cash Flow and Acquisition
Cash Flow and Acquisition, Excel
Debt and More Valuation
Debt and More Valuation, Excel
Finishing Up With A Data Table
Finishing Up With A Data Table, Excel
Joshua Kahr is the principal of Kahr Real Estate Services, a training and consulting company that he founded in 2002 and that serves the commercial real estate industry. In 2009, he founded Metropolitan America, a real estate investment company that owns and manages apartment buildings in New Jersey. In 2020, he started Essex Suites, a coworking company, that opened its first location in Verona, New Jersey.
Prior to this, he held positions in investment sales at a regional brokerage firm in New York City and in acquisitions at a fund that focused on environmentally contaminated real estate.
He was on the board of directors of two public companies, Monmouth Capital Corporation and Monmouth Real Estate. He was an advisory board member of Assess+RE which was sold to LightBox in 2021. He is currently on the advisory board of clik.ai.
Mr. Kahr has served as an adjunct associate professor since 2005 for Columbia University’s MS in Real Estate Development program where he has taught real estate finance, real estate capital markets, and related topics. He has also served as an adjunct professor at Northwestern, New York University, and Georgetown University. For corporations, he has taught over 200 two-day seminars on Excel modeling and Argus.
Publications include two books on real estate market analysis, Real Estate Market Valuation and Analysis (John Wiley and Sons: 2005) and Beyond the Bubble (Amacom Books: 2007).
He has a Master of Science in Real Estate from New York University (’97) and a Bachelor of Arts in Economics from Reed College (’92).
He is also licensed as a real estate broker in New York and New Jersey.
