Syndicated deal analyzer

[Uwais Zaid]

I know this topic has been discussed in past but didn’t see any recent updates. Can you all discuss your experience with Michael Blanks syndicated deal analyzer for multifamily investments, particularly is it helpful if one is just looking at a deal without syndication? Thanks!

[Scott Skinger]

I bought it a couple of months ago and I use it for every apartment deal that I analyze. Definitely overkill and not necessary for residential multi family under 5 units but a good tool for any commercial mf.

Regarding the question "is it helpful if I'm not syndicating", the answer is yes. I do not syndicate at this time either. You have to change a few default values to zero, adjust the closing costs a bit and ignore a few pieces of data, but all of this is very simple. It is also helpful to have this data here to perform "what if" scenarios. For example, I was considering adding a sweat equity partner to help manage a few properties I was considering, cutting him in on 5-10% of the deal...it was nice to easily model these scenarios.

Overall, I highly recommend Michael Blank's spreadsheet. Let me know if you have any other questions.