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Certified Commercial Investment Member
The CCIM education program is the most comprehensive educational resource in commercial investment real estate. It represents the core knowledge expected of commercial investment real estate practitioners. The curriculum incorporates the essential CCIM skill sets: financial analysis, market analysis, user decision analysis and investment analysis. Professionals from all areas of commercial and investment real estate attend CCIM courses.
And don't think by the name that it only has to do with commercial. It covers proven, sound investment tecniques that work with residential investment as well.
Also, as you get more into it, you'll find that the most widely used investment analysis program is called ARGUS. The program itself is like $700, but if used often, is worth every penny, and way more. It can pay for itself in less than a month if used to purchase correctly.
You can print an analysis, and use it in "negotiating". Imagine that you're a buyer, and you bring a 30 year projected ROI to the table that shows what the most you should pay for the property right now. It's a negotiating nightmare for the seller, or sellers agent, but will be YOUR best friend.
I wish you all the best.
On a personal note, my career is headed towards the "real estate consulting" part of the business. I'm just not a "salesman" at heart. I LOVE making people money.
Live and die by this..."Help enough other people get what they want, and you'll never have to worry about yourself."
Very well said! Thank you for the info! I will definitely look into it. I don't have a RE license, only a mortgage broker's license but I will get one eventually. I believe that RE investing should be a honest gentleman's business and not a shady playground. JimSulli, ALL of your advice is highly appreciated and taken with the highest regard!
As you say, Slante!
Ah Slante!
I think that you can take the CCIM courses without a real estate license. Appraisers do it all the time. The information is priceless.
Even better! On another note, too bad Azrob isn't around. He's hilarious, although always insightful and truthful!
By the way, I just figured out that I spell it wrong...SLAINTE!! I'm a disgrace to my culture.
that's Ok. Just don't let anyone try to steal your lucky charms. They're magically delicious!
LOL
Jim,
Which classes have you taken this year or are going to take? Did you get my email about FIABCI?
I did get your email. Sorry I haven't responded yet. I'm holding out on CCIM at the moment, so that I can pursue my appraiser's license. After I get that, and am well on my way through the apprenticeship part of it, I will be starting CCIM. I'm also considering the "fast track" to the CCIM which changes the requirements a bit.
I'll check out the FIABCI thing later today.
Which designation will you use for the fast track
I was thinking SIOR or MAI. The MAI will take a lot longer, since I will have to go through my 2,000 hours of apprenticeship for my appraisers license.
The only thing that it changes is that you don't need the portfolio to get the CCIM. But I really would like to take the courses, since they are well known to be the best investment courses you can take.
How are you doing with CCIM? Do you have your portfolio done yet?
My portfolio in theory is complete as I have the transactions, but in reality I have not even begun to write it. I was just talking to a CCIM I am in a transaction with this morning and he said the portfolio is by far the toughest part of the process, most of the "wash outs" as he called them were during the portfolio phase.
Regardless of if you get your SIOR or MAI, I would think they hold just as much or even more value as the CCIM designation. Sounds like a lot of work, but well worth it.
Now, if we can just get ourselves the CRE...we'd be set. I do plan on having that one day. It's more along the lines of what I like about real estate.
I agree. You could probably forgo the CCIM designation if you had the CRE designation. The reason I say that is looking at the individuals who have that designation in this State are very respected in the Industry.
the CCIM coursework is great for everyone especially, if you don't have B school background. the CCIM curriculum includes the same business school material taught with a real estate focus.
I believe the 101 Course should be taken by all agents. It teaches Return on Investments, Cash flow analysis, Internal rates of return, and etc. Great class. Definitely worth taking just to understand the basics of what certain ratios mean.
... and, it's free and anonymous
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CCIM Courses
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So now JimSulli has peaked my interest in the CCIM course. I know CCIM is an ackronym. What does it stand for? JimSulli, can you please elaborate on some of the details such as time-frame of courses, etc.
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