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Updated about 5 years ago on . Most recent reply
Underwriting small-medium apartment deals
I wanted to learn how to underwrite small-medium sized apartment complexes. (10+ units)
Can anyone recommend a book or some videos to watch? I'm sure underwriting a duplex is a bit different than underwriting a 16 or 32 unit. I'm by no means ready to purchase that large of a property, but wanted to start learning about it, for when I am ready.
Thanks for any suggestions.
Most Popular Reply
@Connor Mullen, the filling in of expenses and income is the same in many ways. All have electric, tax and insurance bills. The calculations you are looking for differ.
Check out Michael Blanks SDA spreadsheet for doing the analysis and be sure to pick up What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures by Frank Gallinelli. That book is probably the best $20 I’ve ever invested into my RE education.