What is happening everybody? Welcome back to this week segment of the no limit minute.

Now if you're anything like me, at least in the early phases of me getting started into this business, then you've probably spent many of hours trying to underwrite deals, trying to determine if deals actually financially pencil, whether or not this is a deal that you want to pursue.

And you're spending too much time from being completely and utterly honest with you, you are spending and wasting way too much time.

Because if you're spending any more than 15 to 20 minutes on actually underwriting a deal, then especially if it doesn't make sense.

I mean, that's just so much time you could have spent doing other higher per dollar tasks that are ultimately going to help you move the needle forward in your business.

So I wanted to talk about something very key today, something that is going to drastically

increase your productivity, and drastically increase

your ability to actually underwrite and analyze deals to help you do that at a much more rapid pace.

And what I call it is the 10 minute analysis.

So what does that look like?

How do you do it?

Well, step one, we need to adjust the income.

It should take you no longer than about four minutes.

If the operating memorandum or marketing package contains actual financials,

make sure you look for the gross scheduled income

and adjustments for vacancies, concessions, bad debt, etc.

If these adjustments are greater than 10% then use that number.

Otherwise, use 10% as a vacancy factor.

Good rule of thumb.

If you have a rent roll as well,

compare the bottom line income in the rent roll

with the financials in the marketing package

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