Any real estate people have their ccim and is it hard | TigerDroppings.com

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trillhog
Elite Membership
Member since Jul 2011
18772 posts

Any real estate people have their ccim and is it hard



To get?


This post was edited on 11/11 at 7:04 pm



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lsubandmom
LSU Fan
Lafayette
Member since Oct 2007
824 posts

re: Any real estate people have their ccim and is it hard


I've taken the introductory course - it was interesting (return on investment - that sort of thing). It's pretty extensive coursework and you have to present a portfolio of your experience in order to qualify.





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Janky
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Team Primo
Member since Jun 2011
9062 posts
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re: Any real estate people have their ccim and is it hard


If ccim stands for "Crash Course In Morality"' you are fricked.





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Im4datigers
LSU Fan
Northern Virginia
Member since Oct 2003
3074 posts

re: Any real estate people have their ccim and is it hard


I'm getting mine now. I've been doing commercial banking for 15 yrs though.

It is a LOT of numbers. 104 is a ton of tax. If you have some accounting and finance background then you'll do great. If your just a sales guy trying to get the initials, prepare to study your arse off.

The tests are open book, but they are not easy at all. Esp 104






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trillhog
Elite Membership
Member since Jul 2011
18772 posts

re: Any real estate people have their ccim and is it hard


do you feel like you are learning a lot or are you getting it just to have.





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Im4datigers
LSU Fan
Northern Virginia
Member since Oct 2003
3074 posts

re: Any real estate people have their ccim and is it hard


Learning a lot. Banks tend to look at real estate deals from cash flow, LTV, guarantor support etc.

Real estate agents and investors look at it from a ROI standpoint which sometimes jives with the way the bank looks at it and sometimes doesn't.

Some of the stuff is review (wouldn't be for a non-banker IMO), but other stuff is very insightful.

In my line of work, there are very few bankers that are CCIM's. Therefore it's a huge credibility advantage over other loan officers when I can hound a commercial guy to send me deals. With a CCIM they automatically know that I know what I'm talking about and can look at it from the Bank side and the investor side and create additional value for the client.






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Im4datigers
LSU Fan
Northern Virginia
Member since Oct 2003
3074 posts

re: Any real estate people have their ccim and is it hard


FWIW, you can do the upfront pre-paid deal for $4k and some change.

One other thing you have to look at is the portfolio submission requirements. Do you have enough transactions completed (leased or sold) to satisfy the requirement. Don't jump in and take all the classes only to not be able to sit for the exam because you are light on the portfolio requirements.






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trillhog
Elite Membership
Member since Jul 2011
18772 posts

re: Any real estate people have their ccim and is it hard


I havnt closed anything yet but I plan to do a fair amount in the next year, someone told me you could go ahead and start the classes and then hopefully your portfolio gets to be where it need to be when your done. I'd like to learn more about the finance side instead of having to rely on other people so much, really ignorant on the subject.





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bryso
Clemson Fan
The Real Death Valley
Member since Dec 2006
27081 posts

re: Any real estate people have their ccim and is it hard


quote:

I havnt closed anything yet but I plan to do a fair amount in the next year






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Janky
LSU Fan
Team Primo
Member since Jun 2011
9062 posts
 Online 

re: Any real estate people have their ccim and is it hard


quote:

bryso


Stop!






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trillhog
Elite Membership
Member since Jul 2011
18772 posts

re: Any real estate people have their ccim and is it hard


You are starting to creep me out a little, what did I do for you to e-stalk me?





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