The desire to increase your net worth is what likely drove you to commercial real estate investing. However, what you don’t know about apartment financials can quickly become an obstacle to achieve this goal, no matter how passionate you are about the real estate business. For this reason, it’s critical that you become familiar with the commercial real estate underwriting process.
In this apartment syndication school series, we will discuss the three pieces of information you need when underwriting a real estate deal.
Part 1: The Rent Roll
What you will learn:
- What is the rent roll?
- How do you obtain a rent roll?
- Why do you need a rent roll?
- Defining the rent roll metrics
Free Resource:
- Rent Roll Example
Click here to listen to Part 1.
Part 2: The Rent Roll Continued
What you will learn:
- Finish up defining the rent roll metrics
- Explaining the summarize rent roll data tables
- What information you need from the rent roll to underwrite
- Other things to analyze on the rent roll
Click here to listen to Part 2.
Part 3: The T-12
What you will learn:
- What is a T-12?
- What is a T-12 used for?
- Defining the income metrics on the T-12
Free Resource:
- T-12 From a Real Deal
Click here to listen to Part 3.
Part 4: The T-12 Continued
What you will learn:
- Finish up defining the T-12 metrics – the expenses
Click here to listen to Part 4.
Part 5: The OM
What you will learn:
- What is the OM?
- What is the OM used for?
- Overview of the sections in an OM
Free Resource:
Click here to listen to Part 5.
Part 6: The OM Continued
What you will learn:
- Finish up the overview of the sections in the OM
Click here to listen to Part 6.
Underwriting a real estate deal can certainly seem complicated in the beginning. Fortunately, we’re here to help you through the commercial real estate underwriting process. Get no-fluff advice and basic how-tos when you read the Best Ever Apartment Syndication Book.
