What are the Top Underwriting Mistakes Beginners Overlook??

[Danielle Allen]

I'm looking to compare qualitative data on underwriting mistakes and their impacts on financial forecasting. 

Any folks with underwriting/mentoring experience, what would you classify a "mistake" as? 

Do you have a margin of error that you consider rule of thumb? 

Which categories of the underwriting process do you feel has the highest financial impact of when there is a mistake? (Underestimating CapEx? Taxes? Utilities?)

Lastly, how do you communicate those discrepancies to investors? 

[Scott Mac]

I don't see how "Mistakes" in underwriting can be made by anyone who has the the appropriate knowledge of underwriting and has a checklist.

You asked for the top beginner mistakes, maybe the question should be what mistakes have you made as a beginner.

No one person is going to know what you ask, all they can do is guess at it.

You would have to talk to someone who trains underwriters in a one on one method to know that info.

And as I said before, I don't see how anyone with a checklist cold make a mistake.

Underwriters should not be making mistakes.

Underwriting is financial modeling.

I think the data you will get from your questions will simply be guesses.

It might be easier to pick another topic for our article or whatever you're going to use this for.

Such as what did you find hardest when learning underwriting.

That way your data source will be able to provide accurate answers.

Just my 2 cents