This is how education needs to be done. Steps 1,2,3 etc - showing real life examples. This is easily the best educational video on underwriting on BP. Bright girl with a bright future

@BuildingWealthWithRealEstate

2 жыл бұрын

Thank you! Alessandra is a sharp and is definitely going places.

@alessandrathompson5195

2 жыл бұрын

Thank you, David!

This is such valuable information! I hope all newer investors watch this and bookmark it…great job!

She is incredibly smart. Well done guys!

This is by far the best underwriting video I've seen on KZread thanks for this 🙌🏾🙏🏾

Finally, a step-by-step! Thank you for the information!

Some of the best and most informative real estate investment content out there, like usual Chris!

Best explanation for rookie investors ever great job really appreciate it

Great episode Chris, Terrance, and Alessandra. My favorite tactic from this episode is that you should go onto broker websites and practice underwriting their listed properties. I just started doing this and its helping me learn my market!

This is exactly what I needed. Many thanks!

Awesome interview and thank you to the Trio for sharing your expertise

Great information!! Thank you so much.

Great info thanks guys

Very helpful info thank you 🤓

This is gold!

Great episode. This spreadsheet looks pretty well build. Is this something you created in house or you followed a template? Thanks for sharing your underwriting process.

Great content! Love the way Alessandra's mind works..very systematic approach and analytical, not emotional. Much like my mindset! Is there a software program you recommend for analysis, or do you have a spreadsheet resource? I have heard of Buildium, but not familiar with any others..

Amazing!

Thank you! Best way to get financials?

Love this spreadsheet. How can I find one similar?

Love it! Thank you Terrence and Chris! Keep Rocking Alessandra! Eat Drink and Sleep Real Estate. Live It Love It cause its Awesome!

@BuildingWealthWithRealEstate

2 жыл бұрын

you're welcome!

@alessandrathompson5195

2 жыл бұрын

Thank you!!

Thanks, you all are so amazin. Feels like I'm getting free lessons from Kobe Bryant but just in real estate

Great show! Alessandra is definitely putting in the work! I have a very similar approach to underwriting but I learned how to do it by just taking action. I think that's the best thing anyone can do. Mistakes may be made along the way or missed opportunities, but it propels you forward!

@AlbertoRamirez-ef9ql

Жыл бұрын

How did you take action to raise capital? if you do raise. That is my biggest obstacle.

could you attach the T12 she had? Would be great to have that to build my own

What kind of steps and what to look for when you are researching your market/area?

owesome Thank you for sharing people who give are allowe to recieve

Hi thank you so much! Where can I get the excel spreadsheet?

Is there a link to the spread sheet she was showing us?

Thanks for the video. A question from a rookie here: for SFH, underwriting is done by the lender. Is this not the case for multi-family? Or is the underwriting here just mean some due financial diligence as an investor?

Question: How do I reach out to professionals in Bigger Pockets for specific States or areas I'm looking to invest? I would like to do all these things, but where I'm at is running simple numbers and just watching this video alone, gives me the idea that all then numbers I have run so far are not enough.

Love it

7:41: 4 people have to be able to call Lender Property manager Insurance broker 2-3 bids Call county to understand what the taxes are going to be

Where can I buy this spreadsheet?

Thank you very much for sharing this VALUABLE information. Which mentorship programs would you recommend?

@BuildingWealthWithRealEstate

2 жыл бұрын

I don't have any specific programs to refer you to., Terrance and I have really focused on finding "organic" mentors - like what Alessandra has done.

@claudiadiarte5309

2 жыл бұрын

@@BuildingWealthWithRealEstate thank you!!

@alessandrathompson5195

2 жыл бұрын

7 Figure Multifamily is a great one!

@claudiadiarte5309

2 жыл бұрын

@@alessandrathompson5195 thank you!!🙏

I’d buy that book Alessandra lol let us know !

does anyone have any recommendations for books that will teach you this stuff?

Would love to be able to use that same spreadsheet or program for evaluating and analyzing! Please let us know if it’s something that can be shared or downloaded. Thank you!

@emmifabian7217

10 ай бұрын

Curious if that spread sheet was shared or if it can be downloaded somewhere

🔥🔥🔥🔥🔥

Still didn't talk about how she initially raised her down payment

Great video. But I wish it started by telling us what is underwriting

I'm confused about reviewing 30 deals before making an offer an then only getting 1 in 15 accepted. That is 450 potential properties. That seems like an insane number what is that including? all properties that come on the market?

How do you become apart of this training group?

is that underwriting spreadsheet available for download?

@Woodshadow

2 жыл бұрын

I would recommend learning to build one from scratch. I think it is very helpful for just understanding how the formulas work and also that allows you to add additional components to the spreadsheet. I am constantly improving my spreadsheet. If you google how to underwrite you will probably find a lot of people selling their courses for $20 or $50. Don't pay more than that for a spreadsheet. You can also find them for free

She still a little green to play in this market and was a little off , but good luck hopefully they don't get hard money for this deal.

Good content

Where do you get your spreadsheets?

@madison9474

Жыл бұрын

Have you found it?

How much should you have to put on a multifamily that size? 20% down? In what form if so? Cash?

@BuildingWealthWithRealEstate

2 жыл бұрын

That is a very loaded question and depends on numerous variables. There is are a lot of creative solutions available.

@hecmad1

2 жыл бұрын

@@BuildingWealthWithRealEstate I guess it would depend on the lender. I just need to start talking with some to see if it's a possibility for me.

@alessandrathompson5195

2 жыл бұрын

Definitely speak to your lender and look into using the syndication model to finance the property!

It’s 🆙

But who can I trust to do the due diligence on my behalf? I'm looking at long distance investing.

I want her booklet on underwriting

❤

How does one pull up the T12 or go straight to the financials?

@w0rk0fG0d

2 жыл бұрын

The seller supplies those documents.

@alessandrathompson5195

2 жыл бұрын

Hey! You can reach out to the broker to provide the T-12 and rent roll. Make sure you're asking for the most recent one!

What if the building is a new build and there is no rent or financial statements. What’s a way to get around that

@billsmithmole

2 жыл бұрын

You'd have to base your UW on comps and a pro forma from the operators.

How do I know which banks/lenders to call?

@_ashflow

5 ай бұрын

A mortgage broker in your area can be helpful since they have a pulse of multiple types of loans - they will help you hone in one your best options

@ 12:57 Alessandra says the tenants are paying a flat fee of 75 where is she seeing that ?

1. "Go straight to the financials" what does that mean?

@brandonlifefamily8331

2 жыл бұрын

Money baby what's happening with it on this unit. Rent roll, expenses, debt, etc.

@w0rk0fG0d

2 жыл бұрын

Get the T12 and other supporting documents from the seller.

@tanialeung1153

2 жыл бұрын

Do you get the t12 before writing a loi?

@LouBloom21655

2 жыл бұрын

@@tanialeung1153 yes, what I was wondering how getting Financials is 1st?

@alessandrathompson5195

2 жыл бұрын

@@LouBloom21655 You can reach out to the broker on the deal and they will provide you with the T-12, rent roll, and OM. After you underwrite and find a spot where the deal works, you can submit an LOI

Accounting tip: don't call your expense line payroll unless you are actually filing W-2s

Hold up, Alessandra is coming out with a book and she's only been doing this for a year and has less than 150 units? I have over 5 thousand and never even thought about writing a book? Where do people get the idea that they just become a guru for transacting on 2 or 3 deals?

@TheOkayCommenter

2 жыл бұрын

Because selling the pickaxe can be more profitable than mining the gold.

@choyayahyah

2 жыл бұрын

To me it's arrogance. It's the unfortunate reality of today's generation, mind you I'm barely scratching 30 so I'm young too. But the entire social media celebrity culture is making everyone into empty and shallow pedestals. If I were to ever think about writing a book it would be after I've gone through a number of cycles in the market and own a few billion dollars in real estate and have gone through many ups and downs and have done it long enough to see everything clearly from a long term experience

@alessandrathompson5195

2 жыл бұрын

@@choyayahyah Hey Charles. I am not coming out with a book.. I'm just here to provide some useful tips to get started in underwriting. Thanks for watching!

@choyayahyah

2 жыл бұрын

@@alessandrathompson5195 Hi Alessandra, that's fine and I'm not criticizing you nor would I criticize anyone who wants to write a book. I just may not agree with what you do but hey we live in a free country. I think you best stay humble and just focus on the building of your company and portfolio. I started with a 33 unit building a few years ago and am now over 5k units in just a bit over 4 years. Take or leave my advice, if you want to build a legacy and business you can be proud of, focus just on growing and being the best at what you do rather than everything else which is unrelated to your business at hand. Write a book after you have been around a number of years and have proven yourself, than you'll have real credibility and your book will be more genuine.

@seanmartin4790

Жыл бұрын

@@choyayahyah they said "you know so much you could write a book" "yeah maybe a little paperback" as jokes, she wasn't being serious

he needs to stop talking.

I have a hard time believing you drive to every comp, I don’t believe home owners will allow you to come tour there house for comparable purposes without an offer. What’s up with this tip ? Cmon guys.

@jp123wwu6

Ай бұрын

That's what I was thinking