All Forum Posts by: Nicklaus McCain

I recently started a job at a well known Brokerage Firm working as an analyst for a top Self Storage team. I was looking for almost 6 months for a job!

My job consists of daily Self Storage underwriting and market research.

I was hoping to be on a Multifamily team on either the brokerage or principal side when job hunting. This is the asset class I enjoy working in the most. But I couldn’t be picky with this market.

My question is how will working in a different asset class (self-storage) affect looking for a multifamily position in the next few years?

I plan to work here for a year and a half or so and get my MSRED at ASU after that.

Any advice?

I’m in! 🤟🏼

Winter 2021 I will be attending The Foster School of Business at the University of Washington.

I will be there for a Bachelor’s in Business Administration and Finance with a Minor in Real Estate from the Runstad Department of Real Estate.

Since getting out of the Marine Corps in February 2019 I have been working on my Associates in Business Transfer Degree from Green River. While finishing that degree I have also been starting up my Real Estate Business. Now I finally received my acceptance letter to the University of Washington!

Thank you all for the support along the way!

@Shaunta M.

Thanks for that! I hope to do an internship with one soon!

@Bob Langworthy

Thank you for your detailed response and showing me that I am on the right track! I hope to do a lot in this industry and sometimes all it takes is knowing where to go and who to talk to! I think that is a great idea, spend a couple months networking and building value to others. That way when I am closer to graduating I can have a strong network to help.

Thanks again Bob!

@Meghan O'Neal-Rogozinski

Thank you for that! I want to work on the buy side and not so much the brokerage or the selling side of real estate. Hope to start my own fund one day!

Hi everyone!

I am veteran who finished my time in the Marine Corps, and I am now a junior in college. I am on track to achieve a Bachelor's in Business Administration and Finance, along with a minor in Real Estate from the University of Washington. Focusing on investments, asset management, entrepreneurial finance. Also, real estate finance and investments, capital markets, and real estate development.

I want to work at a big real estate development/investment firm like Hines, Greystar, or Wood Partners. What others firms are there?

I was wondering if anyone had any advice for me

I am a residential real estate agent and I have been teaching myself the commercial side for a year or so now. I am still learning underwriting through excel, I am great at speaking and presentations, technology and making things happen.

Im eager to start getting some work experience helping smaller Real Estate Developers and their investors. This way upon

graduation I will have some real experience in the space.

Any advice on how I can go about getting some experience or bettering my resume while I am still in school for the next 2 years?

Thank you!

Nicklaus McCain

Hey guys! 👋🏼 Quick question,

I am practicing my underwriting by getting T-12’s and Rent Rolls from LoopNet. I have a great analyzer and understand the whole process of underwriting value add opportunities.

Although, I am struggling with knowing where I can best increase Year 1 projections.

1. Rents increased to market rents

2. RUBS if applicable

3. Renovations for rent increase

4. What expenses can you reduce usually?

What else do you guys do to increase NOI or decrease Expenses in your first year operating a new asset?

I am trying to master underwriting so I can help an active syndicator with their acquisitions!

Thank you!

Thanks @Ryan Daigle!

I appreciate the advice, I will definitely reach out! 

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