Comments (16)

Jan 8, 2019

Bump - this seems really comprehensive and like a tool that could be helpful to anyone starting internships/full-time jobs in May/June.

Jan 8, 2019

I am planning on signing up as well. I recently finished up the REFM bootcamps 1 and 2 and was a bit disappointed as it was more of an excel tutorial than an actual financial modeling course. Hoping this course will be more comprehensive.

Jan 11, 2019

I took advantage of the early bird pricing as well.

Jan 25, 2019

What did people think of the first week of content?

Pretty basic in my opinion, but I thought it was explained well and that the case study was solid. Website functionality is a bit backwards but otherwise I've been happy with A. CRE's product thus far and am looking forward to new content next week. Anyone else have thoughts?

    • 1
Jan 30, 2019

Agreed, I really like the "Case-Study" style approach they're taking.

Jan 29, 2019

Thinking about pulling the trigger on the initial launch pricing. Does anyone know if I missed out on the first week's information if I enroll now? The deadline says the 31st.

Also does anyone have any review on the quality of the first weeks material? The videos and models on the site are great so I would assume the course is similar.

Jan 29, 2019

If anyone wants to trade for the accelerator program I have both BIWS and REFM.

Jan 30, 2019

Need info on this course also

Apr 19, 2019

Anyone tried the course? And would be able to share the feedback on it? How comprehensive is it for RE modeling.

Most Helpful
May 1, 2019

Hi Joel and all else who are curious about the accelerator, I was part of the first group who enrolled, so allow me to break down my experiences here:

First thing to mention is that I started the accelerator with minimal finance knowledge (discount cash flows, NPV, IRR, breakeven period) and that's really all you need to know before starting. It is also an excel-heavy program, so it is recommended to at least be familiar with linking formulas and using functions in excel, but honestly, with Google, you can learn any unfamiliar functions on the fly, which is what I did.

The first two courses are on valuations using the direct cap method, and the income method. These 2 courses are meant to be slow at first and easy-to-follow, because they are the groundwork for much of the concepts to be built on later in the program. The pace and complexity picks up quickly after week 3, and believe me, some of these excel models get so large that my computer processor can't even keep up. My favourite part of the course is learning to introduce debt to your models. I never realized how powerful (and risky) debt can be on your equity returns until I started running the numbers myself.

I found the more challenging courses to be on debt and waterfall (partnership) modelling. But both Spencer and Michael make it easy to follow along - you start each course with a pre-built template and as you follow along with the video lectures, they tell you how to build on the template until you finish the model. After that, you put your new skills to the test by building your own model to solve the case study at hand. Yup, they are fictional case studies but you get to extract all your usual info from offering memorandums, operating statements, brokers proformas and rent rolls just like you would in real-life. I found myself spending 2-8 hours a week, on average, to complete the courses. As time goes on, and the accelerator incorporates everyone's feedback, the guys will add new videos/courses, which will always be available to all enrolled I believe.

As for myself, what made the accelerator worth the investment is the forums. This is where you have two industry professionals who can answer not only any questions you have on the course content, but also how things are done in the industry, which is an invaluable resource to have in my opinion.

In terms of comprehensiveness, you'll learn about acquisitions, dispositions, sell/hold, developments. I feel it is important to keep in mind that training to be a guru at formulating excel models does not mean that you will have a foolproof way of landing profitable real estate deals. The old cliche that the model is only as good as your assumptions is true. There is no hard and fast way to underwriting deals, and simply entering inputs will still give you outputs, but being able to justify the inputs will make your model as accurate as possible. This is where the real-life experience from the fellas can come in handy if you're ever questioning your assumption or method. I have always gotten a forum response from them in under 24 hours.

Lastly, in terms of applications, I can't comment on whether it could land you a job in real estate finance because I never tried, and because getting an interview relies on many other factors too. But completing the course will give you a certificate you can highlight on your resume/ Linkedin profile. And from what I understand, some job interviews will require you to complete case studies as part of your application, and this accelerator course will undoubtably prepare you for that.

Feel free to follow up with any questions you may have, I'd be happy to share more of my experiences

    • 3
May 3, 2019

So working at it for 2-8hours a week, how long did it take to complete the whole thing?

Also if you don't mind, why didn't you try for jobs in RE finance? What do you do now?

May 3, 2019

Spencer is awesome. I highly suggest this to anyone looking to improve modeling.

    • 1
Nov 13, 2019

Spencer is really good, I agree. Very clear explanation and easy to follow.

Jul 22, 2019

I've come across the Accelerator program before and am considering taking the class in hopes of improving my candidacy for a job in commercial real estate. Currently, I work in insurance on the carrier side underwriting policies for pe portfolio companies. 6 years removed from Undergrad. Also have internship experience in equity research and sales & trading. Trying to utilize my experience to leap from insurance to CRE on the acquisition/development side. I've considered the obvious routes of MBA and MS in RE but the opportunity cost (i.e. time, cost, issue of going up against candidates that have direct experience, etc.) for both has stifled my confidence in pursuing them, and I've heard success stories of people switching industries at this stage in their careers without going back to school... Does anyone have a take on whether utilizing online courses such as the Accelerator and/or online university classes focused on RE/Finance, in addition to assertive networking, could manifest this desired change? Any feedback would be greatly appreciated.

Jul 22, 2019