Multifamily underwriters, are they worth it ?
We have been buying multifamily properties for quite a while now. Before acquiring properties we have been doing all the underwriting ourselves. As we are growing, we are entertaining the idea of hiring a third-party underwriting company. I feel it might be good to get another set of eyes, especially if the city we are buying in is new to us. My question is
1) Has anyone worked with a third party underwriting company that they can recommend, as well as mention the benefits using them compared to keeping it in-house ?
2) Do you think it’s worth using Third-party underwriters on purchases under 50 units ? Or should we continue doing our own underwriting ?
Would love some feedback on this subject.