Development — Udemy Real Estate

3.1 Introduction to development pro formas 3.2 Key metrics: IRR, equity multiple, profit margin, return on cost 3.3 Hard costs (construction) vs soft costs (permits, design, legal) 3.4 Building a development budget in Excel (template included) 3.5 Sensitivity analysis: what if construction costs rise 15%? 3.6 Case study: 20-unit townhouse pro forma walkthrough