BIWS Real Estate and REIT Modeling feedback
Has anyone purchased BIWS package? Did you like it? How does it compare to the REFM, Wall Street Prep, or Kahr?
(Sorry, this is a mirror post of a similar question regard the WSP course.)
I used this package. I thought it was a good intro to RE modeling. Well worth the time and money in my opinion.
I'd like to know as well. I'm currently trying to transition to analyst role from a research role in a different industry. I have the Real Estate Finance & Investments book by Bruggeman & Fisher and am working my way through that, but am thinking about buying the BIWS RE package to put on my resume as well. Has anyone had success finding a gig with that package? Would it be enough to gain consideration for an entry-level analyst role?
I really want to try this out, but first I need to get a PC.
Tengleha, you can use it with a Mac if that is what you have. I use BIWS on a Mac. Also, I really like the course and thought it was a very good introduction.
Oh great, I think I would rather spend my money on the refm courses/certification though.
Biws is great if ur in reib since it is dealing with REIT valuation. Id say 60% of the course is reit related. If ur looking for a more real estate oriented course I recommend refm.
Thanks for the feedback. I'm going through the REFM ones now. Just saw that BIWS was recommended for other things and was interested. Has anyone here also used the Wall Street Prep RE courses by any chance?
I personally use REFM and find it really helpful. I chose the self-study material but don't plan on working towards any certification. Additionally, they are/were running a 50% off deal on many of their models recently so it might be worth checking out their site.
I bought BIWS and the REFM basic courses. Highly recommend buying both and working through them. The different perspectives complement each other nicely. Between both courses and the models you will work with on the job you can become a competent modeler quickly.
For some context, I work for a developer but also model out acquisitions of income-producing assets. Building a model or two from scratch for a hypothetical acquisition or development, leaning on the programs as you go, and showing it to someone in the business for feedback is the best way to go.
Thanks for the input everyone. Very helpful and starting to consider REFM a little bit more for what I'd like to do.
The course has a good outline for JV waterfalls
I don’t know if it’s illicit thing to say it on here, but does anyone want to sign up/grant me access for REFM or BIWS courses to save some money? Please feel free to pm to discuss.
I have some model's that I can add as well. Willing to swap if need be!
Did you obtain any information on this? Thanks
Bump.
I'm wiling to trade REFM Courses (Apartment/Multi-Family Building Acquisition Financial Modeling OR Single Transaction Equity Joint Venture Partnership and Waterfall Modeling Bootcamp) for BIWS REIT Modeling course OR REFM Development course. PM me if interested.
I took the REFM. I've been on Wall Street in fixed income sales for a decade, switching to CRE, capital advisory. Basically finding equity/mezz/debt for commercial deals: matching institutional capital sources (PE, Life Insurance, CMBS conduits) with developer/sponsors. I need some basic modeling skills to be conversant on both the developer pro-forma and the equity/debt capital source side of a deal. I have some finance background, but not much in the past decade as selling bonds is mostly lighting cigars and buying beers. REFM was a nice little refresher, but pretty basic for anyone who has modeled anything and has a basic understanding of NPV, IRR, DCF etc. That said, I look at a alot of excel models and a few of these "basics" have enlightened me significantly as to what I am looking at. I would gladly swap out the files I have for the REFM self study (all 3 courses) to have a look at the BIWS REIT version. PM me if you want to swap.
What did you end up purchasing? Do you want to swap for Wall Street Prep's premium package?
I have quite a bit of the offerings from REFM including some of their advanced models. I have also worked directly with Bruce who is a very sharp guy. The negatives with REFM are that the models are a bit clunkier once you get to the advanced stuff and Bruce doesn't go into a lot of detail in regards to the logical construction of the excel model itself. You kind of just listen to him read through the model that he built. Basically, you'll just be reverse engineering what he's done and trying to come to terms with the more advanced formulas on your own.
BIWS is pretty cool for me because I'm really deep in the RE game - meaning I understand more about what assumptions are plausible than 99% of monkeys under the age of 30 - so the fact he takes the time to dive into excel functions and why you use each specific one helps me to develop my own unique models. He doesn't spend a whole lot of time on real estate fundamentals, which is understandable, so if you need those then you'd be better off taking CCIM courses plus REFM to get you up to speed.
I'm on the same track as also have done the 3 REFM and need to learn BIWS RE.
Hi - is this something you can share with myself? Fee pending of course. Thanks
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