WSO is going to create a RE modeling test/interview prep course for commonly asked interview questions that I am assisting with. What are some of the questions/concepts you would like to see answered so we can help you know enough to be dangerous in an interview?
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Q: What performance metrics do the decision makers primarily focus on and why?
I think thats a good idea. What are you thinking? Things like IRR, Multiple, ROC?, Cap Rate Spreads?
Is the course going to focus on specific roles within the industry? The questions and concepts will change accordingly.
Yes it would be geared to primarily towards analysts looking for an acq (and/or maybe a dev) roll. A few ideas I have in mind are - giving assumptions on rents, loss-to-lease, vacancy to calculate EGI. Give a quick case study with different NOI and cap rate assumptions and determine which property is valued higher. Or calculate ROC and the spread over a current market cap to see if building or buying is better based of the assumptions. Nothing that complex, but need to ask questions relating to different asset classes. Do you remember questions from your interviews or interviews you have given? Or any basic knowledge that you want to see from an incoming analyst?
so is the goal here to source material from us to then have us pay to access?
Hi Unimportant Analyst We are not trying to source the material itself. We are sourcing the questions that the community has seen in interviews to make the material as relevant as possible. But I like your strategy... we should have tried to go that route first! ;)
for modeling tests at RE investment funds, do they give you a sheet of paper with all the assumptions and info and expect you to build the model from the ground up?
Or is there a model already set up and you just need to fill in the formulas?
Hi rollcall good question. This varies firm to firm, but I have never heard of a firm requiring someone to build a full model during the interview process. In my interviews getting into PERE I've seen two types of modeling test. 1) They give you the model, and an offering memorandum that has the assumptions, and then it is basically data entry from their. 2) At my current firm, we have a test that has the assumptions, and then you need to build a very small piece of a model. For example, we will give the applicant assumptions on rent, unit mix, vacancy, credit loss/concessions, and other income. Then have them calculate GPR, GPI, and EGI while keeping a dynamic model. But this is just my experience, hoping to source more from the community.
when will this be released?
Not sure exactly, I would expect sometime in the fall. Working through creating the content right now.
Did this ever get created?
Or is this it? - https://www.wallstreetoasis.com/real-estate-modeling-course-overview
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