Updated 9 months ago on . Most recent reply
Need help underwriting a multi family property
I need help underwriting the deal. what all needs to be wrote down and is there a spreadsheet someone has where I can just put the numbers in because right now I’m just finding different things that need to be put from different sources and I just want to make sure I have everything
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Evan Polaski
#5 Multi-Family and Apartment Investing Contributor
#5 Multi-Family and Apartment Investing Contributor
- Cincinnati, OH
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Evan Polaski#5 Multi-Family and Apartment Investing Contributor
#5 Multi-Family and Apartment Investing Contributor
- Cincinnati, OH
They sell models. They have tutorials on how to use them.
Combine that with likely some good content on youtube in general and you should be all set.
I will note that underwriting it part art, part science. The science is plugging in numbers into a model (or building a model from scratch). The art is knowing if the numbers you plugged in make any sense. Is your business plan viable? Can you really push rents 30%, and when you do how many units will vacate and for how long? What upgrades will help your property stand out to potential tenants?