Real estate underwriting isn’t a commonly used term within the residential world. If you’re used to dealing with single-family homes, duplexes, triplexes, or quadplexes, you’ve probably done real estate underwriting to some degree, but you’ve called it “real estate analysis”. In both scenarios, investors are looking at what they’ll make on a deal, how much they need to invest, and what exit strategies they have.
But, in a hot housing market, like we’re in today, by the time you analyze a deal, a deal may already be gone. You need a way to quickly sort deals into the “pursue” or “dump” piles, and Andrew Cushman, expert multifamily investor, may have just the solution for you. Andrew has been on the BiggerPockets podcast before and manages over 2,600 units, so he definitely knows what he’s talking about!
Today, Andrew showcases the phase one underwriting he uses to decide quickly on deals, as well as the four levers to look at before even getting into underwriting. His system can save you hours, or even days, if you’re a full-time investor, and it helps rookie investors quickly analyze deals so they can get into the game. Now, residential owners can transition into commercial real estate with better scale and bigger profits.
David:
This is the BiggerPockets Podcast Show 571.
Andrew:
But what that does is that takes the 10 deals sitting in your inbox on Monday morning and whittles it down to the two, then want to go to phase one underwriting on it, right? That’s helping you narrow your funnel and focus on this stuff that has the highest probability of working for you.
David:
What’s up, everybody? It is your co-host David Greene, and welcome to the best real estate podcast on earth. We have an awesome show today. If you are interested in practical, tactical, detailed advice on how to invest in multi-family property. All right, welcome to the BiggerPodcasts Podcast, where it is our job to help you achieve financial freedom through real…