All Forum Posts by: Account Closed

@Evan Polaski - I am working on dialing in assumptions and being confident in those assumptions. I've already built a model, tweaking it as needed, although I love what I see on 'Adventures in CRE' and may see if there is anything else I can incorporate. Sounds like assumptions experience comes through repetition, identifying patterns, trends and conversations with experienced folk. I understand there is no one size fits all, and expenses will vary depending on location. Thanks for the input Evan, very helpful!

@Rick Martin - Thank so much for the recommendations, very helpful, I will definitely dive in! 

Thanks again!

@Danny Randazzo - thank you, message sent!

Question for all the amazing BiggerPockets members.

I have underwritten a few small apartment deals (10-30 unit space) and am looking to further develop my skills in this area and being able to identify the profitable from the unprofitable. With little experience I end up spending a lot of time looking at and trying to figure out what expenses are realistic.

Is there any recommended training that focus on underwriting?

Open to paid seminars, books, specific podcast episodes, or free proven web resources.

Thanks all!

Wade

@Colby Fryar thanks Colby, I could see where paying a mentor for personal/professional development could pay dividends. Networking, also a common theme!

@Darryl Matthews thanks! Team and goals, understood.

Would love to chat, I will reach out.

@Pat Jackson Thanks for sharing! Sounds like your patience and persistence paid off!

@Charles Kao makes sense, thanks!

 Thanks for the reply @Adam Daneff. If interested I would love to connect and hear more about your experience here in West Michigan.

Thanks @Harper Jones and @Adam Lacey! I have been spending a lot of time on YouTube recently, have listened to an episode of the Wheelbarrow Profits podcast now and ordered the book. Thanks for the advice!

Thanks @Harper Jones and @Adam Lacey! I have been spending a lot of time on YouTube recently, have listened to an episode of the Wheelbarrow Profits podcast now and ordered the book.Thanks for the advice!