Who are some of the best underwriters?

Who are some of the best underwriters?

Investor · Indianapolis, IN · Member since 2018 · 1k+ posts · 756 votes

Who are some of the best multifamily underwriters in the industry that I could reach out to for a second opinion on a deal? 

And could anyone recommend any underwriting courses to take online?

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Syndicator of Large Apartment Buildings · Glen Mills, PA · Member since 2009 · 1k+ posts · 1k+ votes
6y

@Justin Goodin I have bought and sold 4,000 units and really good at underwriting.

Feel free to send me a direct message.

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  • Syndicator of Large Apartment Buildings · Glen Mills, PA · Member since 2009 · 1k+ posts · 1k+ votes
    6y

    @Justin Goodin I have bought and sold 4,000 units and really good at underwriting.

    Feel free to send me a direct message.

  • Multifamily Syndicator · Houston, TX · Member since 2018 · 188 posts · 192 votes
    6y

    @Justin GoodinCould you be a bit more specific? What exactly are you underwriting? Multifamily? 

    There are a ton of great underwriters, some of whom which will gladly give you their time to help if they can, and some that you can pay to review your underwriting. There are also underwriting courses you can take all over the internet. 

  • Investor · Indianapolis, IN · Member since 2018 · 1k+ posts · 756 votes
    6y

    @Brian Adams Thank you. 

  • Real Estate Broker · Portland, OR · Member since 2019 · 4k+ posts · 2k+ votes
    6y

    Who are some of the best multifamily underwriters in the industry that I could reach out to for a second opinion on a deal?

    Most underwriters are working for a lender or syndicator.  I don't think they're out there for freebies since they're busy.

    What exactly are you trying to do? You can always ask a broker for a CMA or BOV.

  • Developer · Houston, TX · Member since 2015 · 1k+ posts · 1k+ votes
    6y

    They are all over the place. You might even find as many great underwriters as you do deals that are conservatively underwritten! :)

  • Developer · Philadelphia, PA · Member since 2015 · 2k+ posts · 905 votes
    6y

    @Justin Goodin, there are many factors that qualify one as a "good" underwriter but I would say try to find someone who is familiar with the market and its expenses. e.g. how aggressive is the tax assessment? What is the typical rent growth? Rent to income ratios, etc.

    We would offer to help but are in the midst of a $40mm deal and another $30mm in refi. In fact, we are looking for additional talented analysts to add to our (we are willing to train them).

    Jump on @Brian Adams' offer, he is great ;-)

  • Developer · Charlottesville, VA · Member since 2018 · 4k+ posts · 4k+ votes
    6y

    Here are a couple of educational resources https://www.getrefm.com/

    https://www.adventuresincre.co...

    You can also hire top talent analyst here by the project or short and long term assignments as well https://bullpenre.com/

  • Rental Property Investor · St. Paul, MN · Member since 2016 · 3k+ posts · 3k+ votes
    6y

    Take you deal/underwriting to your lender and property manager to look at. They will scrutinize the underwriting and adjust where necessary. 

  • Investor · Indianapolis, IN · Member since 2018 · 1k+ posts · 756 votes
    5y
    Originally posted by @Todd Dexheimer:

    Take you deal/underwriting to your lender and property manager to look at. They will scrutinize the underwriting and adjust where necessary. 

    Good points. We always do this before making an offer on a property to verify our numbers. 

  • Investor · Indianapolis, IN · Member since 2018 · 1k+ posts · 756 votes
    5y
    Originally posted by @Brian Alfaro:

    @Justin GoodinCould you be a bit more specific? What exactly are you underwriting? Multifamily? 

    There are a ton of great underwriters, some of whom which will gladly give you their time to help if they can, and some that you can pay to review your underwriting. There are also underwriting courses you can take all over the internet. 

     Thanks Brain! Would love to connect further on this. 

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