Anyone have any ARGUS training materials? Finance student trying to get into real estate
[{"id": "dpy9svv", "text": "Argus access is very tough. You're best bet is to either try to intern at a real estate company and use their access to take some tests course or find classes on your own and use a student discount.", "replies": [{"id": "dpz9bcs", "text": "Hey, just to piggyback off of OP\n\nReal Estate company as in Real estate private equity firm? ", "replies": [{"id": "dpzbl48", "text": "I know investment sales teams in brokerages use it too", "replies": [{"id": "dpzdrdr", "text": "What roles do investment sales teams have? ", "replies": [{"id": "dpzdx9y", "text": "They broker commercial properties, such as multi family, retail, etc. Investors such as high net worth individuals and pension funds buy these properties.\n\nAsset management companies may use argus too", "replies": [], "depth": 5}], "depth": 4}, {"id": "dq1jamf", "text": "I wouldnt trust their argus models for a minute. I would ask for the file and make everything way more conservative.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "dpzbklw", "text": "I have access through the academic version of ARGUS, I'm just trying to find some guides or something along those lines to help me in an ARGUS university challenge", "replies": [], "depth": 2}], "depth": 1}, {"id": "dpyf7ki", "text": "Depending on what you\u2019re trying to get into there is a lot you can do (still being done) in excel. Sigh. ", "replies": [{"id": "dpzbip2", "text": "I know, I heard that ARGUS is better for multi-tenants and multiple lease terminations, etc. I currently like excel more, but that's basically because I have no idea how to use ARGUS lol", "replies": [], "depth": 2}], "depth": 1}, {"id": "dpys2ih", "text": "Since you are a student already, spend another $1300 on your education and do the Argus Enterprise online course to get certified.", "replies": [{"id": "dpzbjes", "text": "Jesus", "replies": [{"id": "dpzbmf9", "text": "No no no, you can call me jaybuck34.", "replies": [{"id": "dpzbo31", "text": "I'll call you the machine", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "dpz3z36", "text": "See if there's a real estate class that offers it. Being certified in Argus was a graded requirement for one of my classes and they gave the software, book and test included ", "replies": [{"id": "dpzbhgh", "text": "I'm in one right now, but its not an \"official\" certification course, instructor just teaches us how to use it. I'm planning on competing in the ARGUS university challenge so I really have to get my stuff down hard haha", "replies": [], "depth": 2}], "depth": 1}, {"id": "dpznyhg", "text": "I have the training manual from the certification class I took.  Could send to you if you want. It's for ARGUS Enterprise ", "replies": [{"id": "dpzo3ow", "text": "That would be amazing, I sent you a PM!", "replies": [], "depth": 2}], "depth": 1}, {"id": "dq1j6or", "text": "Learning the software is not the hard part. I wouldnt spend money on the classes, they are way too expensive given the (lack of) difficulty of the program and they do not carry any prestige in the industry other than possibly helping you get a job. But its not like a CCIM designation or anything. The software is fairly simple, I learned all the basics in a week with pdfs (just google them, their are 2 versions out there, get the enterprise guide, as the DCF software doesnt exist anymore) and the help buttons. The difficult part is learning to intelligently underwrite a property (use YTD statement, at least 6 months, and have 3 years of historical operating statements) and gathering the data to back up your assumptions (lease up timing, lease terms, TILCs, free rent, capex, rental growth, expense growth, terminal cap rates etc.). I only learned the program quickly because I was mentored by a senior guy at my job on how to underwrite different properties. We used a book called The Handbook of First Mortgage Underwriting. I would get that book or a similar one, download pdfs to learn Argus and find a way to play around with it for a month and look at argus file examples. Then you have all the \"experience\" you need to say that you have \"some experience\" with Argus. Argus models are meant to be a logical sketch and arent meant to be perfect, so there is plenty of room for discretion, you just have to be able to back up your assumptions.", "replies": [{"id": "dq24mew", "text": "Are the pdfs free? Are you talking about this one?\n\nhttp://downloads.argussoftware.com/ae/AE%2011.6.0/ARGUS%20Enterprise%2011.6%20User%20Guide%202017%20(1).pdf", "replies": [{"id": "dq2up1s", "text": "Yes. There might be a couple other permutations of that same one, along with a calculations manual (for the dcf version, but I assume the calculations stayed the same).", "replies": [{"id": "dq2w5qs", "text": "Ok thanks so much! ", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "dq1j7jr", "text": "Oh and as far as \"feel\" goes, as a heavy excel user, I like excel 10x more. Argus is very clumsy and you will spend all day clicking. ", "replies": [], "depth": 1}]