Breaking Down Apartment Financials Commercial Real Estate Underwriting

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: 

• Offering Memorandum

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.