Creator of the Hotel Valuation Methodology
Mortgage-Equity Appraisal Software
The Most Accurate Discounted Cash Flow Real Estate Valuation Software Available Anywhere!
If you appraise real estate which is normally purchased with a combination of debt and equity capital and you are not inputting the specific terms of the proposed financing- then you are probably not developing an accurate valuation. My Mortgage-Equity Software provides a proof showing the resulting value accurately produces your specified returns for both debt and equity capital.
Simply; If you develop a 5 or 10-year projection of Net Income and the lender and equity investors require specific financing terms and assumptions, there is only one value will produce the desired returns to the debt and equity components. My software is the only software on the market that will produce this value. In addition to estimating value using a specified loan-to-value ratio, the software also estimates value using a debt coverage ratio and a debt yield. Does your DCF model do that?
For the last 30 years real estate appraisers have been using DCF models that assume an all cash buyer. We know most real estate in the United States is financed with a certain amount of debt. If this is the case- shouldn’t you be using a mortgage-equity model with specific financing inputs rather than “pulling an overall discount rate out of the air?”
Steve's Online Course: "How to Value a Hotel"
A course to become a Certified Hotel Appraiser (CHA) or a Certified Hotel Valuer (CHV)
How to Value a Hotel teaches how to perform a hotel valuation using Rushmore's Modern Hotel Valuation Methodology. Designed for experienced appraisers looking to specialize in valuing hotels or new valuers starting their careers, this course provides all the knowledge and tools needed to evaluate hotel markets, forecast income and expense, and value all types of hotels. For the final project, students value an actual hotel.
You will be working with the latest version (6.0) of Steve's Hotel Market Analysis and Valuation Software- three powerful software models that have become the hotel industry standard for hotel valuations and investment analysis throughout the world. By the end of the course, you will be able to perform your own hotel market analysis and valuation plus many other applications.
The course consists of video lectures, readings, hands-on software case studies, quizzes, and a final project valuing an actual hotel. It should take about 20-35 hours to complete the 75 short lessons. You can start at any time and proceed at your own pace during your free time.
Steve Rushmore will be available via Zoom to answer your questions and provide support.
Upon successfully completing the course and final project you will receive the Certified Hotel Appraiser (CHA) or a Certified Hotel Valuer (CHV) certification. These certifications recognizing your hotel valuation skills will set you apart from other appraisers and consultants.
The cost for the "How to Value a Hotel" course is $895 which includes the following:
- Access to the course
- Unlimited downloads of the software, articles, and publications
- One-on-one Zoom calls with Steve Rushmore
- Upon completion of the course and a passing grade on the final project, you will receive the certification certificate (via e-mail) suitable for framing
- With your permission copies of your certificate will be e-mailed to prospective employers and anyone else you designate.
- Your name will appear in the Directory of CHA and CHV members located at www.certifiedhotelappraiser.org or www.certifiedhotelvaluer.org
- Free software upgrades of Version 6.0
