Khar Real Estate vs. REFM course? Which one is more respected?

I am very interested in getting an internship at a REIT, REIB or REPE firm this upcoming summer, so I wanted to try to distinguish myself from other candidates by taking a real estate Excel modeling course. In some other posts on this forum, I found these two websites that offer training opportunities.

For Khar Real Estate, it would be an in-person course that would cost $850. On the other hand, the Real Estate financial modeling class provides a "certificate" of proof after passing some type of examination and is only $400.

What do you guys think? This question is especially geared towards those real estate professionals with experience reviewing analyst/intern resumes.

Thanks for any advice!

14 Comments
 

Unfortunately, I am not in the Wharton School concentrating in Real Estate but rather in the College majoring in Urban Studies and minoring in Real Estate & Development. Given these facts, I thought this extra "distinction" might be helpful to demonstrate my strong interest in real estate finance when competing with those Whartonites...

 

Bump. I'm about to start on a small CRE acquisitions team, and although I have a ton of ARGUS and Excel experience, I haven't spent a lot of time modeling JV Debt and Waterfalls. I need to hit the ground running so I'm looking for a class I can bang out in a few days.

The REFM class ($179) below looks applicable, does anyone have any recommendations? Any help would be great. If not, I'll guinea pig this bitch and let y'all know.

http://www.getrefm.com/select-a-category-refm-self-study-video-tutorial…

Fill the unforgiving minute with 60 seconds of run. - Kipling
 

Hey notaspammer, Im in a tight position as well as a student, however cant afford $800+. I really want to get a hold of kahr's manual as well, could you please send it to me? Would really appreciate it if you could. Thanks.

 
Best Response

REFM is excellent for JV partnerships and waterfall modeling. Make sure to do everything from scratch because simply following along won't really do the trick. Doing both KAHR and REFM is a great strategy and they complement each other nicely. As an undergrad, besides case competitions and internships it is hard to get exposure to live deals. Also, I would recommend doing the practice cases/problems at the end of Linneman's textbook. Hope this helps.

 

Kahr teaches at my MSRE program, one of the most valuable classes I've taken. The manual for Argus alone is an excellent resource if you're going to using the software at your job.

 

Occaecati omnis molestiae doloremque nobis. Qui esse veritatis laboriosam dignissimos quos. Odit aliquam nostrum sequi consequatur. Nesciunt quos placeat et similique. Fuga sunt et nihil odit corrupti itaque natus quas.

Quo quas porro sunt quo fuga. Molestiae deleniti sed iste sed. Magni totam unde tempora et et consequatur quos. Atque consequatur molestiae ut adipisci nam est impedit corrupti.

Et iusto culpa repudiandae. Officia voluptas facilis eaque. Ratione doloremque esse aut quod doloremque unde incidunt. Dolorum aut dolorem aliquam officiis corrupti expedita.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
DrApeman's picture
DrApeman
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”