Advice for a Newbie?... Deal finding & Underwriting

[Hunter Kahn]

Hi All!

I'm brand new to all of this and I'm hoping some of you could help me figure out how to find deals and get practice in with underwriting. I've been doing my homework as far as books, articles, videos, and podcasts go. But I just don't think I'll start feeling confident until I get some practice in. 

Where I'm at now; my strategy is to start big with commercial multifamily in Kansas City, MO, and the surrounding area. This is out of state for me so house-hacking is out of the question. I know one realtor and I've reached out to a broker in the area who has begun to send me deals on a weekly basis but I'm not sure how to get other information like the T-12 or rent roll after seeing the initial information available on what I'm seeing, or what the next steps are receiving these documents. 

Any resources or information you may be able to provide is greatly appreciated and I thank you in advance!

[Joshua Christensen]

Hunter, with no experience and asking the questions you're asking, a start in larger multi-family may be a leap you're not quite ready for.  I suggest you find someone already doing what you want to do and see how you can add value to their team. Learn from them while doing deals with them.  It's a learn while you earn model.  Take a small role and dig in.  In 2-3 years you could be up and running on your own.  There are a lot of moving parts in multifamily.