Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

1
Posts
1
Votes
Danielle Allen
1
Votes |
1
Posts

What are the Top Underwriting Mistakes Beginners Overlook??

Danielle Allen
Posted

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? 

Most Popular Reply

User Stats

5,071
Posts
5,128
Votes
Scott Mac
  • Austin, TX
5,128
Votes |
5,071
Posts
Scott Mac
  • Austin, TX
Replied

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

Loading replies...