Multi Family Underwriting Practice

[Nicklaus McCain]

Hi guys,

I am looking to practice on underwriting multifamily deals. I have watched tons of podcasts, listened to several books on the subject and I am ready to start looking at deals. I was wondering if anyone had any idea on how to start and some resources you or others use to get rent rolls and T-12's for underwriting. I have a deal analyzer for underwriting multifamily value add properties and know how to use it pretty well. I just want some real practice and advice on my next steps to becoming an active syndicator!

Thanks,

Nicklaus McCain

[Ryan Daigle]

Hey @Nicklaus McCain, the best way to get this practice is to use real data from real deals! Contact brokers and ask them for their current listing. Get on Loopnet and download their financials. Play around with the assumptions and find out where the points of leverage are in every deal that really matter. If every deal looks golden you know you're doing it wrong :)

I have plenty of raw data I can send you to get started from the deals I see, and can underwrite a few deals with you if you think that would help. Just let me know.