Multifamily Underwriting Process

[Daniel Kaplan]

Hey everyone!

What is the best way you guys have learned to value multifamily properties(4+ units) through the underwriting process?

[Arn Cenedella]

@Daniel Kaplan

Get out into your market and look at every MF deal.

Compare your underwriting to the broker OM.

Track what these properties sell for.

Talk to investors, property managers, and contractors to get a handle on rents, expenses and costs.

The “magic” is not in the excel document. The excel doc is a useful tool but it is only as good as the data entered. The data entered is best gained from real life knowledge and experience.