Multifamily underwriting is an absolutely crucial skill if you’re trying to build a large real estate portfolio. At first glance, underwriting a multifamily deal can seem complicated, with so many moving parts in the mix. Thankfully, with some practice and advice from mentors, you can become an expert in multifamily and find the gems that other investors are missing.
Alessandra Thompson joins us again this week to discuss the seven steps she takes to underwrite a multifamily property. If you own single-family rentals, you may see some similar steps used. While there are some very similar steps, it’s important to note that multifamily properties take a bit more effort to underwrite, since accuracy is crucial to forecasting rents, appreciation, and the ability to refinance in the future.
00:00 Intro 00:55 7 Steps to Underwriting Multifamily 10:50 Scanning the T12 and Rent Roll 15:41 Plugging in The Numbers 24:32 How to Become a Better Underwriter 26:49 Getting Started NOW
