Top 10 Tips for Underwriting a Value-Add Apartment Community (Part 1 of 2)

Описание: Are you underwriting your deals properly? If you aren't, you are either missing out on deals or are purchasing deals that you shouldn't - both of which will have a negative impact on your and your investors' returns.

In this episode of Follow-Along Friday, Joe and Theo outline the first five tips for correctly underwriting a value-add apartment community, which include:
1) How to calculate an offer price
2) Why you shouldn't trust a broker's offering memorandum
3) How to calculate rental premiums
4) What to watch out for when performing a rental comparable analysis
5) Why confirming your underwriting assumptions with your property management company is a must.
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Joe Fairless controls over $265,000,000 worth of real estate which includes a portfolio of single family homes and eleven large apartment communities, all acquired through deal syndication. His goal is $1 Billion in real estate before his 40th birthday! Follow along as he goes after that goal and shares his lessons along the way.
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Follow my investing journey here:    • Joe's Multifamily Syndication Journey: Par...  
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Host of Best Real Estate Investing Advice Ever show which is the world's longest running, daily real estate podcast. I've interviewed Robert Kiyosaki, Barbara Corcoran, Grant Cardone, Emmitt Smith, and many other real estate experts, every day for over 3 years!

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