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101 Underwriting Call Was A Success
Although it was small it was mighty... Watch this video to learn some of the basics in real estate underwriting and watch us underwrite a deal live. Comment questions below, love to hear your thoughts!
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101 Underwriting Call Was A Success
Next Live Call – Wednesday (11/4) @ 6:30 PM!
Our next live call is coming up this Wednesday at 6:30 PM! We'll be talking real estate investing, answering questions, and going over anything you guys need help with, whether that's finding deals, underwriting, financing, or managing renovations. Come ready with your questions! Looking forward to seeing everyone there. Comment below if you'll be attending!!!
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3 Underwriting Mistakes That Can Kill a Good Deal
One thing I've learned in real estate is that a deal can look great on paper, but if you're underwriting it incorrectly, you can get yourself into trouble pretty quickly. Here are 3 of the biggest mistakes I see investors make: 1️⃣ Overestimating ARV (After Repair Value) This is a big one. If you're using the wrong comps, your entire deal is going to be based on an unrealistic number. Just because a house sold for $350K a few streets over doesn't mean yours will. Make sure you're comparing properties with similar square footage, bed/bath counts, condition, and location. Don't try to make the comps fit the deal. 2️⃣ Underbudgeting Your Rehab It's easy to underestimate how much work a property actually needs, especially when you're first getting started. That $60K rehab can turn into $85K pretty quickly if you're not accounting for everything. Get accurate estimates, know your renovation costs, and build in a contingency for unexpected expenses. 3️⃣ Underestimating Timelines & Miscellaneous Costs This is one that I think a lot of people overlook. Every additional month you hold a property costs money. Between loan interest, insurance, taxes, utilities, permitting, closing costs, and everything else, those expenses add up FAST. If you're expecting a project to take 3 months, make sure your numbers still work if it takes 5 or 6. The biggest takeaway? You can't make a bad deal good by changing the numbers in your spreadsheet. Be conservative with your underwriting and let the numbers tell you whether it's a good investment. If you're newer to underwriting or want to sharpen your skills, go check out the underwriting lessons in the Classroom section! They're completely FREE and available to everyone in this community. We walk through how to properly analyze deals so you can avoid making these mistakes. Curious to hear from everyone — which of these 3 do you think investors struggle with the most? 👇
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🚨 FIRST LIVE CALL IN 2 DAYS! 🚨
Our first community call is happening Wednesday, 10/7 at 6:30 PM! We’ll be jumping on for about 30 minutes and underwriting real deals LIVE so you can see exactly how we break down the numbers and decide whether a deal makes sense. Have a deal you’re looking at? Drop it in the comments below! 👇 We’ll pick a few deals at random from the community and underwrite them together on the call. Come ready with questions and let’s find some deals! 🏠📊
🚨 FIRST LIVE CALL IN 2 DAYS! 🚨
Looking for Property Managers to Test My AI Screening Tool
👋 I’m looking for a little help from landlords/property managers. I’ve been building an AI tenant-screening system and I need 2–3 people to help me test it before I launch it properly. It’s 100% FREE during the pilot. What you get: • Applicant intake form • Automated document collection • AI-assisted screening • Screening report highlighting things to verify • A much more organized screening process What I need from you: • Test it with a few real applications • Tell me what you like/dislike • Give me honest feedback on what I should improve • If it genuinely helps you, a short testimonial would mean a lot I’ve attached a quick video showing what I’ve built. If you’re a landlord/property manager and willing to help me test it, send me a private message.
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Looking for Property Managers to Test My AI Screening Tool
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