[Cross Post from REF] Realistic Multifamily Modeling Courses
 

Hi CRE,

I am graduating this May and was successful in landing a REPE position. Much of the "modeling" we have done in real estate course lectures has seemed very theoretical and not real world-based. I am solid with Excel and have a certification in Argus, yet I still feel that I couldn't pull apart a real deal in terms of taxes, utility costs...etc, and actually deriving these assumptions.

I know this question has been asked on here before, but the concern that led me to post again is the "reality factor" of some of these courses. I am looking to learn how to model *realistically* with real-world scenarios, preferably for multifamily acquisitions. Do you guys have any program recommendations? The big programs that I always hear about are A.CRE, REFM, some Udemy courses (Justin Kivel), and leveragedbreakdowns \[he posted here before\]. I think I am beyond the very basics, so anything realistic and technical would be fantastic. I will likely be using the skills obtained for my own ventures as well. Any advice would be appreciated!

Thanks CRE.
[{"id": "f7hzlyy", "text": "I\u2019m in the same boat, I\u2019ve heard great things about A.CRE, I plan on starting the accelerator this week. Not horribly expensive either.", "replies": [{"id": "f7ilbxs", "text": "I did this one when I got in the industry a few years ago and I swear it's the only reason I'm not full blown retarded. SOLID course.", "replies": [], "depth": 2}], "depth": 1}, {"id": "f7i969n", "text": "Look up Neal Bawa of MultifamilyU/Grocapitus. He does a bootcamp every quarter that is just that.", "replies": [], "depth": 1}, {"id": "f7im9nu", "text": "We do some MF but primarily retail. MF is primarily done in excel. The real world scenarios you\u2019re asking about - you\u2019re not going to be able to do that unless you\u2019re working on a real project. There are some things you can\u2019t learn in college and have to learn from working with experience. Every deal is different. You can only do so many case studies.\n\nI tried doing what you are doing and you can only get so far without doing real world stuff. Your best bet is to find a job in what you want to do - take what you\u2019ve learned and try to learn and then learn from doing deals.", "replies": [], "depth": 1}]