Multifamily - Digging in on the numbers when submitting offers!

[Jorge Abreu]

Sharpening the Numbers

💥 In today's market you really need to be able to correctly sharpen your numbers when making offers on Multifamily properties!

👉 From your rent comps, taxes, insurance, payroll, CapEx, debt, etc... You need to put in the time, use the tools & power team that will determine the most accurate & proven numbers.

This way you can confidently submit your highest & best offer without a doubt.

I spent a good portion of yesterday really dialing in on the CapEx needed on a deal that we are submitting highest & best on.

👇 Do you take the time to really dig in on the numbers when submitting offers or do you use rule of thumb numbers?

[Nick B.]

@Jorge Abreu, I wonder how you estimate exit cap rate. That's the most important input of any underwriting model and .25% swing may turn a good deal to a mediocre one and a mediocre one to a money loser.