Which is better? Break into CRE (Justin Kivel) or Adventures in CRE (Accelerator Program)
I have no experience in financial modelling and as a recent graduate, I want to invest in learning online to land a job. Justin Kivel’s membership is significantly cheaper than Adventures into CRE but I’ve mostly heard people recognize the latter, so do any of you have a recommendation? Thank you!
[{"id": "gwl707m", "text": "MBA is more standard. mba is a degree but in our area many have them show on the business card.", "replies": [{"id": "gwlid10", "text": "I am not planning on getting my MBA, more so CFA just not at this moment as I want to gain more industry experience.", "replies": [], "depth": 2}], "depth": 1}, {"id": "gwlbwqc", "text": "recent grad here. I took justin\u2019s course and built models side by side with his course. I then built my own models using my internship experience and what I learned from him (which is alot). When applying for jobs I sent my models or used them in various interview test case studies. His courses were key in landing me my Analyst role.", "replies": [{"id": "gwldgqe", "text": "Thank you for this post! When talking about building your own models, would you be able to elaborate on that? Did you use his template and found other case studies on Google to develop your own model? Or start from scratch and create your own data?", "replies": [{"id": "gwlspfw", "text": "I had some internships where I worked with some models, but his multi/retail/leasing models etc. all had something new to teach. After about 2-3 solid courses, I had a pretty good clue on how to build on own. E.g. I created a short one for a JLL modelling test, I made complex ones as sample for job applications. If you take his course and build models side by side, its very easy to learn alot. You can dm if you need more advice.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "gwlhe6n", "text": "What type of job are you looking for? It might be neither program will help you get a job?", "replies": [{"id": "gwli5ie", "text": "I\u2019m looking for an analyst role in the investment management (or asset management) sector of real estate. I completed my degree with a focus in real estate and did internships but I haven\u2019t been able to get experience in this sector and that\u2019s been my goal. I know many who have done Adventures in CRE and it helped a lot, just don\u2019t know if spending $500 is worth it if Justin\u2019s program gets it done in $45 per month.", "replies": [], "depth": 2}], "depth": 1}, {"id": "gwllpud", "text": "I did the subscription for Justin in 2019 for 6 months. I found it helpful. A lot of Adventure in CRE stuff is available for free.", "replies": [], "depth": 1}, {"id": "gwm52t6", "text": "I have used both and prefer Break into CRE. \n\nPro Tip: you can buy his individual courses on Udemy if you don\u2019t want to buy the whole course. I just bought 5-6 of the courses I was interested in and they\u2019ve been invaluable to learn modeling.", "replies": [], "depth": 1}, {"id": "gwpntmu", "text": "If Justin cannot explain a concept like cap rate I can't imagine anything he has to say to be worth anything.\n\n [The Downside of Cap Rates In Real Estate Valuation (Use This Instead) - YouTube](https://www.youtube.com/watch?v=DXzZ8FDLij8&amp;t=23s)", "replies": [{"id": "gyqq7f3", "text": "His modeling classes are actually pretty good", "replies": [{"id": "gyr9ken", "text": "Even a broken is right two times a day.  Direct capitalization is a major valuation process for commercial properties.  If you don't understand how to value a property then any calculations or modeling is moot.  He is a scammer.", "replies": [{"id": "gyrj7jw", "text": "I understand that, and I\u2019m not commenting on that. I\u2019m just saying his modeling courses are useful. I haven\u2019t taken his full program, I just purchased a few of his modeling courses on Udemy and have been using them as a refresher from modeling courses I took in university and those are very useful.", "replies": [], "depth": 4}], "depth": 3}, {"id": "gyznzzo", "text": "I will not knowingly do business with idiots or scammers.", "replies": [], "depth": 3}], "depth": 2}, {"id": "gyvcpoj", "text": "Was this an incorrect explanation or a slightly unrelated tangent off Cap rates? I see what you mean that it's not the text book definition of a cap rate, but he is also trying to fill a youtube video with extra content.", "replies": [{"id": "gyvk5lw", "text": "He states a cap rate is bad.   But then bases that because of things a cap rate was never expected to do.  He doesn't know what a cap rate is.  It is like saying a hammer is a bad tool.  You can't even screw in a basic screw much less a phillips head. Yep, hammers suck!\n\nAnd then at about 5:18 he goes on about buying at a 3 cap (let's say $100,000 NOI/3% =$2,333,333 value and taking it to a 7% cap rate because he erroneously thinks a cap rate is a return, so ($100,000NOI/7% =$1.428.571 Value)  He lost $1.9 million in value but thinks he has a higher \"return\"!  LOL  \n\nCap rates value NOI.  Period.  In a 10% cap rate market investors HAVE paid $10 per possible dollar of NOI.  In a 5% cap rate market that same dollar of NOI is selling for $20.  \n\nSo, yes cap rates are necessary when you are valuing properties that are encumbered by long term leases that can be above/below or at market.  \n\nAnyone that doesn't understand this has no business selling RE information.  Anyone that does understand this but still misinforms people for financial gain is a SCAMMER!", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hbgg5vv", "text": "I am not sure if this topic is of relevance to you still. I am near completion with the A.CRE Accelerator Program and I can say with confidence the program has been life-changing in terms of my real estate modeling skills. I took Justin's courses (about 4) them before A.CRE and while I learned a lot I didn't feel it would take me to the level I needed to be at. This level involves being able to create development models for hotel, office, retail, multifamily, and mixed-use. You will learn everything there is to know about the different property types with new content being updated frequently. A member brought up the desire to model tax credit implications to the creators and now they are in a process of releasing a lecture video to do just that. A lot of websites that I have searched have these courses available for purchase, a one and done type of deal but A.CRE is at another level. They have an audio series, blog posts, constantly update their existing models, and not to mention a friend of mine that just landed an analyst position at Hines said he used a lot of the videos from A.CRE to become more proficient in modeling. Even if you didn't go for the Accelrator program I say if you want to be better skilled do it, regardless if you are done/currently working on Justin's Udemy courses.", "replies": [], "depth": 1}]