Are you underwriting your deals properly? If you aren't, you are either missing out on deals or are purchasing deals that you shouldn't - both of which will have a negative impact on your and your investors' returns.

In this episode of Follow-Along Friday, Joe and Theo outline the next five tips for correctly underwriting a value-add apartment community, which include:

6) The distinction between market rents & actually rents and between economic & physical occupancy
7) Base the tax expense on the purchase price, not the current tax expense
8) How to calculate the interior and exterior renovation budget
9) Why you need an operating account fund
10) How to calculate the profits at sale

Listen to Part 1 and learn tips 1 to 5 here: [ Ссылка ]
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Joe Fairless controls over $265,000,000 worth of real estate which includes a portfolio of single family homes and eleven large apartment communities, all acquired through deal syndication. His goal is $1 Billion in real estate before his 40th birthday! Follow along as he goes after that goal and shares his lessons along the way.
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Follow my investing journey here: [ Ссылка ]
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Host of Best Real Estate Investing Advice Ever show which is the world's longest running, daily real estate podcast. I've interviewed Robert Kiyosaki, Barbara Corcoran, Grant Cardone, Emmitt Smith, and many other real estate experts, every day for over 3 years!

Check it out here:

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Author of Best Real Estate Investing Advice Ever which was personally endorsed by Barbara Corcoran who said "This is a no-fluff book that both experienced and beginning real estate investors can benefit from reading."

If you're a multifamily investor, multifamily syndicator, apartment investor, passive investor, interested in multifamily syndication / apartment syndication, or apartment investing, and want to learn more or work with me personally, you can contact me here: [ Ссылка ]

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