All Forum Posts by: Anthony Blanco

@David Wallace, this strategy is fantastic—it really reminds me of the sales game where the aim is to get to a 'NO' as quickly as possible. I love the idea of quickly weeding out deals that aren't a good fit to avoid wasting hours crunching numbers.

Running a quick back-of-the-napkin test on each deal before diving into detailed underwriting is genius. It saves time and ensures focus on the most promising opportunities.

These are great for streamlining the process - thank you again!

@Evan Polaski, thanks for the great advice. It seems the list can go on and on regarding the nuances of each deal. My goal is to do a quick analysis to disqualify a property as fast as possible and move on to the ones that are more aligned with my goals. 

@Caitlin Logue, you're exactly right! Very overwhelmed but determined. I believe I found the course you were talking about: 

Real Estate Financial Modeling Course (wallstreetprep.com)

Seems to have a ton of great information and I like how the example template is nice and organized. 

@Bradley Buxton, Thanks for the tips! I'll definitely keep these factors in mind as I dive into the numbers. Right now, I'm on the lookout for example deals to analyze. If you have any additional advice or resources on finding and analyzing past deals, I'd greatly appreciate it!

@Greg Kasmer, Thanks for the info. At the moment, I'm leaning towards starting with Blank's and Beardsley's models. I've been feeling a bit like I'm running in circles trying to pinpoint 'the best model.' I agree that it's time to dive into practical underwriting with past deals and learn as I go. 

@Dennis McNeely, appreciate your insights and the valuable info. Just shot you a DM and would like to chat more if you're up for it. My thinking here is this is similar to cold calling. It's all about crunching numbers and analyzing deals, knowing that for every 'x' output, there's a 'y' result waiting. 

Hello BiggerPockets community,

I've been searching the internet lately, sifting through a multitude of deal analysis tools, Excel templates, proformas, and DCFs, all aimed at deciphering the viability of multifamily properties. Yet, amidst all the resources, I find myself overwhelmed and uncertain of where to start.

My objective is simple: I want to master the art of underwriting multifamily deals. I aim to utilize other people's money to invest wisely in buy-and-hold multifamily properties. I understand the significance of key metrics such as IRR and CoC in evaluating the potential of a deal, but the abundance of information out there is making it challenging to find a straightforward, user-friendly solution.

What I seek is a singular, comprehensive tool—a master template, if you will—that I can consistently rely on from deal to deal. Something that cuts through the noise and provides me with the essential metrics necessary to assess the quality of a potential investment quickly and efficiently.

I'm open to suggestions and advice from those who have navigated similar paths. What tools or templates have you found most useful in your multifamily investing journey? How do you streamline your deal analysis process while ensuring thorough evaluation?

Thank you in advance for your insights.

@Margarita Bozhenkova,great to finally find a local investor! I'm from the Yuba/Sutter area as well! 

Hey All,

I'm new to RE investing and jumping straight into multifamily and apartments. My goal is to build a portfolio to hold and maintain for the long-term. I’ve got some tools for finding off-market deals and analyzing them, but I feel like I could use some more guidance to make sure I’m on the right track.

Additionally, I'm also looking for a coaching program that offers one-on-one support for someone in my position. I really want something hands-on that can help me navigate my first deal. Do you have any suggestions for coaching programs or mentors that work well with beginners like me?

I'd love to hear any advice or tips you might have on what else I should be focusing on as I start my buy-and-hold journey. Thanks in advance for your help—I’m looking forward to learning from you all!

@Jonathan Greene Thanks for the insight. Real estate prospecting software is entirely new to me, so I appreciate all the information. I've compared the prices to Pipedrive and other software I've used in my current profession, and it's been enlightening.

I'm targeting property owners with high equity who have held their property for 15-20 years or more, and ideally with some kind of lien or code violation attached.

I've heard that direct mail campaigns can be very effective, though I find that cold calling has always worked best for me in my line of work. It's interesting to see how these different methods might apply in a real estate context.