MasterClass: How to Properly Underwrite Passive Investments

[Joseph Bramante]

How much does a Bad "Passive Investment" cost you?

Since the passing of the jobs act in 2015 and the proliferation of 506C offerings, there has been an influx of new, unsophisticated and inexperienced multifamily sponsors out there who are just learning the industry themselves and making all the mistakes you would expect them to make as a new investor except getting paid for it, upfront, and with your capital. Compound that with an incredibly tight multifamily market with cap rates at all-time lows with no further compression in the foreseeable future, and you have yourself a recipe for disaster. At this very moment, there are likely hundreds of new, would-be multi-family syndicators sitting in a seminar learning the basics of multi-family syndication so they too can then go out and raise capital from investors like yourself and buy properties. They will leverage every bit of experience they can muster in their multi-person general partnership teams in order to coax you into investing with them. They will naively convince you that they have the experience to underwrite and select successful deals and securely deploy your capital. And while passive investors could take all the same multifamily underwriting courses, the sad truth is that they don't have access to the same data that the sponsor has and will likely never see a trailing 12 statement, rent roll or complex underwriting model and have to make an investment decision based on the 30 to 40 page investment package and sponsor presentation provided to them.

After breaking down several investment packages for a few of you, I decided to create this masterclass to educate you on how to break them down for yourselves and analyze them at face value in order to determine if you should or should not invest in the opportunity. This course will teach you information that no other syndicator and sponsor wants you to know because if you did, you might not invest in their deals.

This is a live and interactive course where I will personally walk you through the training. I am so confident you will find value in this course, that I guarantee it or your money back. The course cost $275 (much less than a bad deal) and will be Tuesdays and Thursdays starting June 22 over 6 days, roughly 90 minutes per session, all recorded. Its roughly 9 hours of content focused mostly on the P&L, much more than most syndicator courses even offer. Its ideally suited for Passive Investors, Family Office Analyst and Capital Raisers who review deals from syndicators. You can click here to register for the course.

In addition to the course, I also offer one-off consulting for individual investments. The pricing starts at $1,000. Feel free to contact me if you have a specific deal you want me to review.

I look forward to engaging with you in class!