New WSO Real Estate Modeling Course - Version One is Now Complete

Dearest WSO primates, version one of our Real Estate Modeling Course is now complete!

This course includes 60+ lessons, six RE case studies and modeling tests sourced from interviews, covering fundamental knowledge of RE modeling practices across different asset types and investment strategies.

This course also includes video walkthroughs and excel files available for practice. Content ranges from inputting data from an Offering Memorandum into a pre-built model, and advances to building a development model from scratch, including forecasting cash flow, levered cash flow, and more.

Here’s just some of what you’ll get in this course:

  • Multifamily Modeling Basics (12 video lessons)
  • Commercial Modeling Basics (9 video lessons)
  • Advanced Concepts (7 video lessons)
  • Simple Multifamily Underwriting Test (11 video lessons)
  • Modeling Office Cash Flows Test (13 video lessons)
  • Multifamily Acquisition Modeling Case (10 video lessons)
  • Development Modeling Case (10 video lessons)
  • NY Office Metrics Case (6 video lessons)
  • Office Lease-Up Case (6 video lessons)

More content will be added to this course over the next year.

MORE INFO / PURCHASE NOW

 

WSO Real Estate Modeling Course - Video Preview

1) Growth Assumptions and Scenarios

2) Multi-family Modeling Test

3) Sample Interview Questions from Case

 

MORE INFO / PURCHASE NOW

 

6 Comments
 

A lot of the underlying math and modeling is the same, for multifamily you are just generally dealing with different debt terms, more tenants, and different operating expenses, but understanding how to model your purchase, cap-ex, expected income, op-ex, debt, equity (if you go in with partners), etc. should be very similar. It would definitely be useful if you graduate from investing in SFH rentals to small apartment buildings, like a 5-8 plex, since lenders see anything over 4 units as "commercial multifamily" and underwrite loans differently. SFH lending (standard 30 yr mortgage) looks at your income but as far as the asset goes they only look at LTV, commercial lenders look at LTV and debt service (DSCR) since they know you won't be paying the mortgage out of your own income but the rental income. 

 

Laboriosam accusamus unde earum sit aliquam consequatur id. Soluta id quod aut molestias rerum ea. Velit sed quis qui consequatur sit cum fugit. Incidunt amet eum ducimus est. Modi voluptatem saepe dolores quo.

Earum vitae eum quos voluptatibus. Non officia voluptatem ut enim. Minima molestiae magnam quae reiciendis iste nisi aut. Et ad aut odit soluta ut. Deserunt quo occaecati illum voluptas et iure. Facere voluptas soluta et ut voluptatem accusantium.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • Goldman Sachs 02 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $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
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Linda Abraham's picture
Linda Abraham
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...”