About a year and a half ago, I bought a commercial real estate home study program. In it I first heard about "CCIM" (which stands for Certified Commercial Investment Member). When I decided that I wanted to get in commercial real estate and to become a CCIM myself, I searched for people that had this designation in the San Francisco Bay Area. I emailed about 20 people, basically the same message about me wanting to have an informative interview. Only two people emailed me back. One was Ed Craine (Founder and President of Smith Craine Finance). From that meeting, I wanted to work for Smith Craine. Why? Well, because if I could understand the financing side of having a portfolio of apartments (which is my goal ) all that I would need next to do is educate my self on how to manage apartments. Other reasons why I choose Smith Craine is because of although we are a small firm, we have fire power. Ed is a CCIM and our VP is a CCIM. Being a CCIM is equivalent to having a PHD in commercial real estate. This week I have an experience to share regarding CCIM.
What is CCIM? What is the big deal?
Two weeks ago, I went to borders and as always I go straight for the real estate and business section. I picked up a book and read through majority of it. It was authored by a broker who is a CCIM. I had to copy what he wrote about what CCIM is and why it is special. Here is what was in the book....
To be considered one completes 240 hours graduate level courses in financial analysis, market analysis, commercial brokerage, tax planning, managing and marketing taxable assets, decision analysis and negotiations. Must pass a national exam. Of estimated 200k commercial real estate professionals approximately 6,000 are CCIM.
This week (Monday-Thursday 8:30-5. Friday 8-12 exam), I went to the 101 course (there are 3 more course to take to complete the training). All I can say is WOW. If any of you are serious/curious about commercial real estate you should take the CCIM courses. It will definitely help you.
So check out the web site and see when the next course is in your area http://www.ccim.com/
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Cordell
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About Me
- Just Apartments
- San Francisco, CA, United States
- My goal for this blog, is to provide all aspects of investing in apartments to you. I am not your typical mortgage professional. I am dedicated to create value. From property management, tenant retention programs...to getting the righ loan, I am at your service. The brokerage I work for is Smith Craine Finance in San Francisco. The company operates always as a team. In my office the president and vice president are both MBA’s and are both C.C.I.M. (for more info go to www.ccim.com). Ed Craine, (the president) is the Vice President of California Mortgage Board Association and past president of Northern California CCIM chapter. The advice, experience (company has been in business since the mid 1980’s) from my other associates, is an added benefit. There is practically no scenario that the staff has not seen. Recently Smith Criane Finance, was honored as one of the five most dependable Northern California Mortgage Brokers by California Real Estate Magazine. Our reputation is, “We just don’t quote…we close!” Cordell www.cordelldavenport.com cordell@cordelldavenport.com 510-750-4357
1 comment:
Way to go. You keep going on the program. Corey Schneider,CCIM,ALC
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