Multifamily underwriting is an absolutely crucial skill if you’re trying to build a large real estate portfolio. At first glance, underwriting a multifamily deal can seem complicated, with so many moving parts in the mix. Thankfully, with some practice and advice from mentors, you can become an expert in multifamily and find the gems that other investors are missing.

Alessandra Thompson joins us again this week to discuss the seven steps she takes to underwrite a multifamily property. If you own single-family rentals, you may see some similar steps used. While there are some very similar steps, it’s important to note that multifamily properties take a bit more effort to underwrite, since accuracy is crucial to forecasting rents, appreciation, and the ability to refinance in the future.

Didn’t catch Alessandra’s interview last week? Check it out here: https://youtu.be/TEf_95V8-vg

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Join BiggerPockets for FREE 👇
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Ask Your Underwriting Question on The BiggerPockets Forums:
https://www.biggerpockets.com/forums
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Shoot Alessandra an Email:
[email protected]
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What Is Underwriting?
https://www.biggerpockets.com/blog/what-is-underwriting
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The Most Important Things I’ve Learned About Underwriting Multifamily Deals:
https://www.biggerpockets.com/blog/underwriting-multifamily-deals
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Follow Alessandra on Instagram:
https://www.instagram.com/alessthompson/
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Connect with Terrance:
Instagram: @terrancedoyle or https://www.instagram.com/terrancedoyle/
BiggerPockets: https://www.biggerpockets.com/users/terrancedoyle
LinkedIn: https://www.linkedin.com/in/tjdoylemathew633/

Connect with Chris:
Instagram: @chrislopez_co or https://www.instagram.com/chrislopez_co/
BiggerPockets: https://www.biggerpockets.com/users/chlopez
LinkedIn: https://www.linkedin.com/in/christaylorlopez/

00:00 Intro
00:55 7 Steps to Underwriting Multifamily
10:50 Scanning the T12 and Rent Roll
15:41 Plugging in The Numbers
24:32 How to Become a Better Underwriter
26:49 Getting Started NOW


Did you miss our previous article...
https://trendinginrealestate.com/multifamily-investing/i-bought-another-apartment-complex-stepbystep-process