Michael P Jacobs MAI
Member
- Joined
- Jun 2, 2007
- Professional Status
- Certified General Appraiser
- State
- Florida
I know I'm sounding like an advocate but I want you to move to FuelDCF from Argus (yes, I'm advocating it). I started a thread long ago about this newcomer, and we are now using it exclusively. I have not had any clients deny it. The only significant issue I had was not taking time to do the online training, and I spent hours automating an import before finding a simple cash flow just like we needed right there on the dashboard... drat. Don't waste time if you are moving to Fuel - get online training and ask questions through chat - it's live and they even look at your file for you when your're stuck in real time. One of the best features is that you an share a file in real time with a client or someone on your team, and they can take off and do their own analysis in their own version.
Just a suggestion for our wonks like me reading this... I do my own DCF analysis in an Excel template so that all the variables and tables can be merged seamlessly with Narrative1 software into Word. I find it easiest to do the lease-by-lease in FuelDCF (like I did in Argus) and then copy/paste the cash flow into my Excel template where I already have my OAR so the discount rate can be calculated and reported. I also calculate reversion in Excel and do the PVs. My worksheet changes depending on what I'm reporting - just as-is, or as-is plus physical and/or economic stabilized. It took some time to get that working correctly and error-checking several scenarios, but changing a variable here or there only takes a couple of minutes to see the results flow throughout the report, and everything is consistent (well, almost but I'm working on a few more details).
So, I don't use FuelDCF for my value conclusions although it's all there.
Just a suggestion for our wonks like me reading this... I do my own DCF analysis in an Excel template so that all the variables and tables can be merged seamlessly with Narrative1 software into Word. I find it easiest to do the lease-by-lease in FuelDCF (like I did in Argus) and then copy/paste the cash flow into my Excel template where I already have my OAR so the discount rate can be calculated and reported. I also calculate reversion in Excel and do the PVs. My worksheet changes depending on what I'm reporting - just as-is, or as-is plus physical and/or economic stabilized. It took some time to get that working correctly and error-checking several scenarios, but changing a variable here or there only takes a couple of minutes to see the results flow throughout the report, and everything is consistent (well, almost but I'm working on a few more details).
So, I don't use FuelDCF for my value conclusions although it's all there.
