Multifamily underwriting program

[Jason Appel]

Hey all,

Can anybody recommend the best multfamily (5-20 unit) underwriting platform they use to run numbers?

Also, if anybody has good video resources on properly underwriting deals, I’d love to hear suggestions

Thank you,

Jason

[Danny Randazzo]

@Jason Appel I’ve got a few video links I can send you if you message me.

[John Blanton]

I like the Synthesis Deal Analyzer from Chris Jackson at Sharpline Equity. Many folks really like the Syndication Deal Analyzer from Michael Blank. Depending on your equity structure you can play with the GP/LP equity. If you are just looking to purchase solo take all the fees to 0% and LP equity % to 0 as well.

Good luck!

[Larry Lemer]

I have used a number of underwriting programs.  I like Michael Blanks the best.  He has a good tutorial that comes with it. 

[Spencer Gray]

Excel is cheap and Google sheets is free. Udemy has a great course as well. 

[Eric Johnson]

Originally posted by @Jason Appel:

Hey all,

Can anybody recommend the best multfamily (5-20 unit) underwriting platform they use to run numbers?

Also, if anybody has good video resources on properly underwriting deals, I’d love to hear suggestions

Thank you,

Jason

Michael blanks SDA or just build your own 

[Andrew Schutsky]

Another vote here for Michael Blank's SDA - I've tried 5+ others, but this one seemed to be the most comprehensive so far.  You could also build your own, but not worth it for the time invested IMO.

[Matt Engle]

I've used several underwriting tools and they all work well. Each one is laid out differently so it would be personal preference. I use Michael Blank's SDA on a regular basis for my syndications and it works great.

[Jeffrey Donis]

Mark Kenney- Thinkmultifamily- has a very good analyzer that my team uses to underwrite all of our deals. 

[Matt B.]

Originally posted by @Jeffrey Donis:

Mark Kenney- Thinkmultifamily- has a very good analyzer that my team uses to underwrite all of our deals. 

 Could you share this?  Id love to take a look to see how it varies from our tools 

[Jeffrey Donis]

Originally posted by @Matt B.:

Originally posted by @Jeffrey Donis:

Mark Kenney- Thinkmultifamily- has a very good analyzer that my team uses to underwrite all of our deals. 

 Could you share this?  Id love to take a look to see how it varies from our tools 

Hey Matt,

Unfortunately I am not allowed to share it but I am sure you can visit their website- Thinkmultifamily.com - and learn more about it. 

[Matt B.]

Originally posted by @John Blanton:

I like the Synthesis Deal Analyzer from Chris Jackson at Sharpline Equity. Many folks really like the Syndication Deal Analyzer from Michael Blank. Depending on your equity structure you can play with the GP/LP equity. If you are just looking to purchase solo take all the fees to 0% and LP equity % to 0 as well.

Good luck!

Is the spreadsheet from Chris a simple version?  

I am looking for a basic Back of Napkin version that doesn't get too deep into the weeds initially 

[Matt B.]

Originally posted by @Danny Randazzo:

@Jason Appel I’ve got a few video links I can send you if you message me.

 Nice! Sending you a message now  ... 

[John Blanton]

Originally posted by @Matt B.:

Originally posted by @John Blanton:

I like the Synthesis Deal Analyzer from Chris Jackson at Sharpline Equity. Many folks really like the Syndication Deal Analyzer from Michael Blank. Depending on your equity structure you can play with the GP/LP equity. If you are just looking to purchase solo take all the fees to 0% and LP equity % to 0 as well.

Good luck!

Is the spreadsheet from Chris a simple version?  

I am looking for a basic Back of Napkin version that doesn't get too deep into the weeds initially 

 Yes it has a back of the napkin version, but here is one too....

GPR x Vacancy/ Collections Loss (%) x Expense ration (ie: 40-50%) = NOI / Cap Rate

[Dee Mandrekar]

Quote from @Danny Randazzo:

@Jason Appel I’ve got a few video links I can send you if you message me.

 Hi Danny. Can you pls send me this videos too?

[Robert Rixer]

Quote from @Spencer Gray:

Excel is cheap and Google sheets is free. Udemy has a great course as well. 

Second this. There isn't a one-size-fits-all solution, you're best off building your own for your situation and types of investments. Plus you're understanding of underwriting will be way better than looking for a copy+paste solution.