JF1445: Top 10 Tips for Underwriting a Value-Add Apartment Community Part 1 of 2 #FollowAlongFriday with Joe and Theo
The Best Ever CRE Show
Best Ever CRE
4.8 • 983 Ratings
🗓️ 17 August 2018
⏱️ 43 minutes
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Summary
Joe and Theo are breaking down their best 10 tips for underwriting, starting with 5 in this episode, and followed by the other 5 in a couple weeks. I don’t think I need to explain how important underwriting is to multifamily deals, or any deal for that matter! So listen in as we hear from two of the best on what they do when they approach underwriting. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!
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“You don’t want to just look at the OM, take those numbers and plug them into your cash flow calculator” - Theo Hicks
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Transcript
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| 1:05.0 | While it could be a good guy, you don't want to just look at the OM, take those numbers, |
| 1:09.3 | plug them into your cash bill calculator, or simply take their net operating income and face a purchase price off of that. |
| 1:14.8 | Best ever listeners we have launched Best Ever Causes.com that's Best Ever Causes.com. |
| 1:21.5 | We profile a non-profit or cause that is near and dear to our heart, get the word out about their cause, and also donate money towards their cause. |
| 1:32.0 | If you'd like to, one, learn more about the causes that |
| 1:36.4 | we're profiling. We do one a month, then go to best ever causes.com and if you want to suggest a cause that we profile that is near and dear to your heart, |
| 1:47.0 | then go to Best Ever Causes.com and there's a little form at the bottom of the page where you could submit one and we'll check it out. |
| 1:54.8 | Best ever listeners, how you doing? Welcome to the Best Real Estate Investing |
| 1:58.1 | Ever show. I'm Joe Fairless. This is the world's longest running daily real estate |
| 2:01.6 | investing podcast. We only talk about the best advice ever we |
| 2:04.5 | don't get into any of that fluffy stuff and we got a very practical episode that will help any |
| 2:12.0 | listener who is looking to underwrite a value ad apartment |
... |
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