Channel: BiggerPockets

Category: Education

Tags: apartment investingreal estaterentalspassive incomebiggerpocketsinvesting in real estatehow to analyze a multifamilymultifamily propertyrental propertyhow to analyze a rental propertyhow to analyze real estate dealsbigger pocketsreal estate investingmultifamily investinginvestingmultifamily real estateinvesting in multifamily propertiesanalyzing real estate dealsincome propertyhow to analyze a multifamily propertyanalyzing real estate

Description: Want to know how to analyze a multifamily property? Maybe you’ve analyzed duplexes, triplexes, quadplexes, or even ten-unit apartment complexes before, but what about the big deals? We’re talking about multi-million dollar multifamily investments, with hundreds of units, large debt and equity structures, and many, many small pain points only experienced investors would notice. If you’re looking for an in-depth overview of how to find, analyze, and buy a large multifamily property so you can build passive income and serious equity growth, then Andrew Cushman is the man to talk to. Andrew is so good at what he does that he's partnered up with BiggerPockets Podcast host, David Greene, to invest together. In Andrew’s previous episode, he touched on the “phase I underwriting” that comes with analyzing a multifamily deal. In this episode, Andrew focuses on what investors should do after they’ve triaged their deals and are left with only the best in the bunch. Andrew spent years worth of time analyzing deals to come up with these eight steps. He shares them today so you can have less headache and more investing success than when he started! ~~~~ Join BiggerPockets for FREE: biggerpockets.com/signup?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Visuals from Today’s Episode: Rent Increases: drive.google.com/file/d/1K0t1etyJgHcIb0GMqc3kuL9_Fk0m3H7K/view Loss to Lease: drive.google.com/file/d/1utSYOfBx-ICh80g1vwm-EOEIcnEYPXXk/view Debt Quote: drive.google.com/file/d/1IZrk4IiHOkC6Bt7Gx-_Nx0Knye8yXOJH/view Property Taxes: drive.google.com/file/d/1qfs2AfF8EGoZXVlAXPrcS1WbrdO5Y0I2/view Renovation Budget: docs.google.com/spreadsheets/d/1orhWUin0mxK703AVIwrC0mKY5eCt_PfI/edit#gid=1328004761 ~~~~ Listen to Andrew's Past Episodes on The BiggerPockets Podcast: 170: biggerpockets.com/blog/2016-04-14-bp-podcast-170journey-flipping-houses-owning-1470-units-andrew-cushman?utm_source=youtube&utm_medium=description&utm_campaign=none 279: biggerpockets.com/blog/bp-podcast-279-how-to-find-overlooked-opportunities-in-a-hot-market-with-andrew-cushman?utm_source=youtube&utm_medium=description&utm_campaign=none 571 (Part 1 of This Episode!) : biggerpockets.com/blog/biggerpockets-podcast-571?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Ask Your Underwriting Questions on the BiggerPockets Forums: biggerpockets.com/forums?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Invest with David on Future Deals: Investwithdavidgreene.com ~~~~ Sign Up for a David Greene Webinar: davidgreenewebinar.com/webinar ~~~~ Learn More About Vantage Point Acquisitions: vpacq.com ~~~~ Connect with Andrew and David on BiggerPockets: Andrew: biggerpockets.com/users/andrewc58?utm_source=youtube&utm_medium=description&utm_campaign=none David: biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Follow David on Instagram: @davidgreene24 or instagram.com/davidgreene24 Episode 586 Show notes at: biggerpockets.com/blog/real-estate-586?utm_source=youtube&utm_medium=description&utm_campaign=none 00:00 Intro 02:26 Quick Tip 03:14 Recapping Phase I Underwriting 10:52 Step 1. Rent Increases 17:50 Step 2. Loss to Lease 29:43 Step 3. Debt Quotes & Loan Terms 45:58 Step 4. Insurance Quotes 52:34 Step 5. Property Taxes 58:04 Step 6. Property Manager's Opinion 1:00:59 Step 7. Renovation Budget 1:05:49 Step 8. Follow Up On P&Ls 1:11:20 Reviewing the 8 Steps of Multifamily Underwriting 1:15:22 Andrew's Current Deals 1:18:15 Phase 3. Making the Offer!