In part 2 of the lesson on basic underwriting, we will discuss how to underwrite a property’s expenses.
In part 2 of the lesson on basic underwriting, we will discuss how to underwrite a property’s expenses. Using the actual financials provided, we will cover the underwriting basics, including what you need to look for in the financials, what is often left out that you need to add into your underwriting model, some standard underwriting assumptions, and some rules of thumb to follow in a pinch.
Lesson 3 Action Steps
(1) Have a pen & your notebook ready to take notes and write down questions for the private Facebook group or monthly Q&A call
(2) Review the provided historical financials and rent rolls in the Resources tab to become familiar with them before the next lesson.