For those looking to learn real estate financial modeling
Might be a bit of a long shot, but here it goes.

I'm currently in an analyst role on the principal side. However, it's a fairly small office with very limited upside which is why I'm in the process of trying to transition to a large brokerage with increased deal flow.

A buddy mentioned the Adventures in CRE Accelerator program to me a couple months back and after some time listening to their podcast and watching a couple of their Youtube modeling tutorials, I decided to go for it. 

With that being said, I definitely do better in a group learning setting where people can bounce ideas/questions off one another. So if there's anyone else who recently bought or isn't too far along that would want to form a "study group" via Zoom, let me know. Also, I'm in DC if there are people who'd feel comfortable masking up and going through it in person.
[{"id": "gibpne8", "text": "Advetures in CRE is very good. I had a few friends doing it while I was in my masters and they are pretty great for what I saw they did.", "replies": [{"id": "gibskgd", "text": "That's encouraging to hear!", "replies": [], "depth": 2}, {"id": "gin3tz5", "text": " For someone graduating in summer of '21 with Finance &amp; stats. undergrad. from target school -  will this course help break into CRE under a analyst role?\n\nAnd, what would be the starting salaries at such firms hiring such undergrads having this skill-set? What type of firms would be potential employers?\n\nAsking since I am not from that states and not in CRE domain.\n\nThank you!", "replies": [{"id": "gio8gj6", "text": "It will certainly help. Do you want to have a certification that would make you super employable out of school as an analyst? Get Argus certified. It depends on the firm and location, but an analyst earns between 45k to 65k out of school. Again, it depends where with whom and how you negotiate your contract. Brokerage firms, investment firms, banks, reits and other financial institutions need  analysts. I would also start working on a portfolio of projects in school that you can show your employer. It is understandable that you would not have practical experience yet, but if you can show you have done the analysis in multiple mock up projects and they make sense, you will be in a better position.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "gibrsji", "text": "I've used A.CRE a lot. I currently work with models, etc daily. Happy to bounce ideas whenever", "replies": [], "depth": 1}, {"id": "giby0ha", "text": "I'm about to buy this course as well.\n\nI work in a small but growing CRE development company as Director of Accounting and Asset Management. I'm a CPA and I've worked on the audit side for a long time, but now that I am internal, I am realizing how far behind I am on industry knowledge.\n\nHow often are you thinking of meeting?", "replies": [], "depth": 1}, {"id": "gicaajk", "text": "I've never heard of this course, but wow, I am definitely interested in signing up and going through it with a group.  I've been an asset manager on the principal side for about 10 years (Birmingham, AL), and was a retail broker for 4 years prior to that (Charlotte, NC).  I manage a fairly large (3m SF) portfolio for long-term owners, but my modeling experience is limited to Argus runs on any new developments we are considering, geared heavily towards cash flow management instead of pure value appreciation.  We are thinking about starting a private investment fund, so I know that I need exposure to other modeling methods in order for me to feel confident about my underwriting of a myriad of potential projects.  I'm in a much less dynamic market, Birmingham, AL, but it's captive, so we've been able to grow organically to have quite a large presence.", "replies": [], "depth": 1}, {"id": "gicoioe", "text": "I\u2019ve debated buying it for the past 6 months. As someone who\u2019s in an accounting / finance role on the principal side I\u2019ve debated if this would be enough to propel me strictly into the finance side.\n\nWould love to hear how you like the course", "replies": [{"id": "gidfg63", "text": "I did kivels course on udemy for $10. It cannot hurt you.", "replies": [{"id": "gig7vv9", "text": "For sure, actually took it and was debating taking his BICRE course", "replies": [{"id": "gigafuu", "text": "I think if you can do a course or two then build out an alaysis for a deal, maybe find something on loopnet with the financials posted and just underwrite it based on what you learned. If you put together and Uw you can then make a powerpoint based on it that should show a property overview, investment highlights, exec summary,market overview, sources and uses, financing assumptions and return calcs then you can pop out that power point in conversations when talking to front office people to show in hard evidence you are interested and know your stuff. Then take whatever criticism of it and rinse and repeat till you can switch over.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "gicrb88", "text": "Pro format, DCF", "replies": [], "depth": 1}, {"id": "gicztzf", "text": "A.CRE is great. \n\nFor anyone who doesn\u2019t have the funds for that course, I would check out the courses by Justin Kivel on Udemy (Break into CRE). They are excellent as well and about $15 each.", "replies": [], "depth": 1}, {"id": "gidf6mu", "text": "They are great, I haven't done the accelerator course but I use their videos to keep my skills fresh all the time. I model daily for work but have gotten way better with their watch me builds\n\nAlso recommend breaking into cre, the guy who runs the chanel has a course on udemy", "replies": [], "depth": 1}, {"id": "gidw2ov", "text": "I just started the Accelerator. Not sure I can do Zoom meetings but would love to connect and work through it together in some manner.", "replies": [], "depth": 1}, {"id": "gie6lo4", "text": "ULI is highly respected and helped me turn a corner in my career. https://learning.uli.org/?gclid=EAIaIQobChMI_9TfrIWJ7gIVlvLjBx1aIQpUEAAYASAAEgLf0_D_BwE\n\nI am now pursuing a masters in finance through CU Denver.", "replies": [{"id": "gk8nkrx", "text": "A bit late to the party, but what courses or certificates did you take from ULI? I just joined their membership and would like to enter the CRE industry.\n\nAlso how is the Masters program?", "replies": [{"id": "gk8vt0j", "text": "I did their two day development course some years back as well as well as some others. They do have a good pro-forma modeling offering as well. Click the link above for details.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "giejtne", "text": "There are a lot of modeling stuff online. However, the best thing is you have to sit down and put your self into this rather than floating around. This thing is more looking like a self study thing than a teacher teach stuff.", "replies": [], "depth": 1}, {"id": "giewodw", "text": "I'm on module four with ACRE, also doing an MSRE. I think it's pretty rad, but the intro music gets old. I am wondering if it really was worth $600 but hey, it's cheaper than the grad degree and probably just as useful. \n\nHonestly pretty tired of zoom meetings, but would be up for a less time consuming way to discuss the ideas with others going through the same course. Whatsapp group would be perfect for that. Hit me up if that sounds amenable. \n\nAlso the forum is pretty good. Spencer and Michael are pretty good with responses.", "replies": [], "depth": 1}, {"id": "gig6sy3", "text": "GetREFM.com taught me everything I know, amazing fundamentals boot camp that is broken into 3 tiers. I completed 1 and 2 which gives you more than enough to be dangerous and confident modeling anything. Tier 3 jumps into JV Partnership structures and waterfall modeling if you\u2019re trying to break into an institutional PE shop. Hope this helps.", "replies": [{"id": "gk917pw", "text": "I think you convinced me on getting this course. When you say institutional PE shops, what companies do you mean? And would they hire a career changer with no experience if they completed all 3 levels? Thanks in advance", "replies": [], "depth": 2}], "depth": 1}, {"id": "gihywqp", "text": "A lot of people in this comments section seem to be professionals in the real estate industry. How would those who have used A.CRE, or know about it recommend it to a newbie with a non-CRE full-time job trying to get started in CRE as a part-time investor?", "replies": [], "depth": 1}, {"id": "gior28k", "text": "I may be interested in joining a study group in a month or two.\n\nI have an MBA in finance and have worked in silicon valley financial modelling for the last decade.  I may make a CRE purchase or take on a small development project of my own towards the end of this year.  I'm looking to add some industry specific knowledge before I do something stupid with real money.", "replies": [], "depth": 1}, {"id": "girltdt", "text": "My 2 cents, for what it is worth (likely 1 cent) is that A.CRE has awesome and authoritative info.  They get a lot right, although stylistically analyst differ on modeling.  ULI was mentioned and is awesome.\n\nConceptually it may be helpful to think about what you need to learn - RE Analysis (performance evaluation of the numbers), RE Finance (the fundamentals of CF and DCF type stuff), RE Modeling (the creation of models in excel, Argus, what have you).\n\nThere is no shortage of free info in today's world.  If you have some finance background, then reverse engineering and auditing a few models is a great exercise.  \n\nI'm working on developing cash flow modeling software for RE and it could be a helpful learning tool.  If there is any interest, it is completely free during \"beta\".", "replies": [{"id": "girs21h", "text": "[https://www.moneyweighted.com/](https://www.moneyweighted.com/)", "replies": [], "depth": 2}], "depth": 1}, {"id": "gjbcb1h", "text": "Can\u2019t tell you how many times I\u2019ve seen ppl rip off their waterfall. I was guilty when I first started out lol solid site", "replies": [], "depth": 1}, {"id": "govn3vf", "text": "Hey y\u2019all I\u2019ve opportunity to go from brokerage to acquisitions but need to build up my basic understanding of these concepts like analyzing cash flows, irr/npv and also modeling. I have good working knowledge of excel could be better. I looked at WSP and BIWS and now looking at REFM/Udemy. I have few months before taking on the role, what do you suggest is the best course (s)?", "replies": [], "depth": 1}, {"id": "h16g2qe", "text": "If you want to have fun learning more about real estate investing, look at: https://www.developersboardgame.com/  \nYou can also attend one of the webinars to learn about other real estate investment strategies: https://webinar.developersboardgame.com/realestate", "replies": [], "depth": 1}]