Multifamily Underwriting Masterclass

Ready to dive deep into the world of multifamily underwriting? Join us for an in-person masterclass where you'll get hands-on experience, insider tips, and strategies to sharpen your skills. Whether you're a newbie or looking to level up, this event is your chance to learn from pros and network with fellow investors.

This event is NOT learning what a cap rate is ( although we do cover it) Its a hands on expirience that deep dives into 5 different case studies, demonstrating the various types of rent rolls and financial statements youll encounter and ultimately teaches you HOW to look at this documents with a different lens.

The incredible Eli Mongould with NEO innovative lending has graciously sponsored the event. He will be providing food and drink and most importantly, helping you connect the underwriting to the actual lending piece and what that means for offers and list prices.

This event is ideal for investors looking to up their game and realtors looking to list and close more commercial multifamily deals!

Attendees will receive special underwriting tools that i use and a special discount to the #1 underwriting tool Erin Uses!

Don’t miss out on this opportunity to boost your real estate game!

Info: The first hour of this course focuses on building a foundational understanding of how to underwrite multifamily investment properties. Attendees will be guided through a structured workflow used by investors to evaluate income-producing real estate and determine whether a deal is worth pursuing.

Topics Covered:
• Understanding the underwriting workflow from income to offer price
• Identifying and calculating Gross Scheduled Rent (GSR) & Effective Gross Income (EGI), NOI, cap rate & cash flow • Breaking down Financial documents and identifying the “big expenses, the % of GOI of each & the outliers that raise concern for Capex.
• The difference between actual vs normalized expenses
• Rules of thumbs and Tricks of the trade
• Identifying issues in seller provided financials • Creating proformas (Day 1 vs 12-month )

Info: This portion consists of a series of hands-on case studies designed to simulate real-world multifamily deal analysis. Participants will apply the underwriting framework introduced in the first hour to evaluate progressively more complex investment scenarios.

Each case study builds on the previous one, increasing in difficulty and introducing new variables such as incomplete financials, expense normalization, vacancy, proforma projections, and identifying inconsistencies in seller-provided data.

Topics Covered:
• Applying the underwriting workflow to real-world scenarios
• Analyzing rent rolls and operating statements
• Identifying missing or misleading financial information
• Normalizing income and expenses
• Calculating NOI and property value
• Evaluating deal quality and determining offer price
• Understanding the impact of vacancy, expenses, and assumptions on value

By the end, participants will be able to confidently analyze a multifamily and formulate an offer (or walk away)

Event Venue & Nearby Stays

COhatch Beachwood, 26300 Cedar Road, Beachwood, United States

Concerts, fests, parties, meetups - all the happenings, one place.

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