The Importance of Underwriting. Is Automation Effective?

[Jack Pasmore]

Hey BP Community!

I’m diving into the multifamily-apartment investment space, and one thing has become crystal clear: if you can’t underwrite a deal, you’re flying blind. Every great multifamily investor I’ve spoken with emphasizes this skill, and I see why.

On the other hand, underwriting can be time-consuming and prone to human error. I have been underwriting my own deals and wonder Why am I spending hours crunching numbers manually when technology can streamline the process? I’ve been exploring tools like Google Sheet calculators that are coded for accuracy and speed, allowing individuals to focus more on their strategies, acquisitions, and capital raising.

So here’s my question to you:

• How did you master underwriting multifamily deals?
• Do you believe that automation the way forward for scaling and efficiency?

I’d love to hear your insights. And if you’ve built or used a killer underwriting tool, feel free to share, I’m always looking to improve and innovate!