Learning Center · Topic
Underwriting
How we evaluate small-to-mid-size multifamily deals: T-12 review, capex reserves, true operating expenses, and the math behind a clean offer.
Articles in Underwriting
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Article Underwriting
How we underwrite a 5-to-50-unit multifamily deal in 30 minutes
When a seller calls about a property, we can usually tell whether there's a deal in 30 minutes. Address, unit count, current rents. The math is rent roll minus realistic vacancy minus true operating expenses minus capex reserve, divided by a market-appropriate cap rate. Brokers pad each line. We don't.
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