Ever wondered how to review an underwriting file in 10 minutes or less? Join Ben Fraser as he shares shortcuts and guidelines for evaluating multifamily opportunities.
00:00 Introduction
02:19 How to Review an Underwriting File
02:46 Addressing Common Investor Concerns
03:15 Speaker's Background in Underwriting
03:47 Importance of Adjusting Returns Based on Risk
04:20 Correlation Between Risk and Return
05:25 Focus on Value-Add Multifamily Deals
05:54 Evaluating the Overall Deal and Business Plan
06:31 Assessing Achievability of Business Plan
07:09 Importance of Proven Potential and Upside in Rental Income
07:39 Significance of Market Comparables
08:12 Impact of Renovations on Rental Income
08:46 Evaluating Renovation Timeline
09:10 Importance of Local Market Knowledge
09:40 Balance Between Cash Flow and Appreciation
10:07 Understanding Debt Structure
11:09 Alignment Between Debt Structure and Business Plan
11:38 Impact of Debt Terms on Cash Flow
12:21 Distribution of Returns
12:54 Strategies to Improve IRR
13:26 Mitigating Risks Associated with Debt Structure
13:56 Encouragement for Thorough Evaluation
16:24 Conclusion
Connect with Ben Fraser on LinkedIn https://www.linkedin.com/in/benwfraser/
Invest Like a Billionaire podcast is sponsored by Aspen Funds which focuses on macro-driven alternative investments for accredited investors.
Get started and download your free economic report today at https://aspenfunds.us/report
Join the Investor Club to get early access to exclusive deals. https://www.aspenfunds.us/investorclub
Subscribe on your favorite podcast app, so you never miss an episode. https://www.thebillionairepodcast.com/subscribe
