30 min listen
E148: The Art of Underwriting - Robert Beardsley
E148: The Art of Underwriting - Robert Beardsley
ratings:
Length:
35 minutes
Released:
Sep 10, 2020
Format:
Podcast episode
Description
KEY TAKEAWAYS1. To get started you should research and become familiar with income statements and rent rolls. 2. Take the above information and plug it into a model that will provide you with vital financial data.3. Underwriting is the financial aspect of evaluating an opportunity. It will also allow you to determine your return hurdles and risks. 4. A key contributor to risk is debt. The more debt, the more risk, and we also want to look at the maturity of the debt. For example bridge loans are more risky vs permanent financing.5. Look at business plans and ask: How much are we changing the revenue? We can demand a higher return for more potential risk. 6. The number one way people lose out in real estate is because they can't afford to cover the debt service. 7. The main assumptions that you want to get right are the pro forma rents, rent comps, rent growth and exit cap rate. BOOKSStart With Why - Simon Sinek https://amzn.to/3bl2IdF LINKShttps://www.linkedin.com/in/rob-beardsley/https://www.instagram.com/rob_beardsleyhttps://www.facebook.com/RobBeardsleyLSChttps://lonestarcapgroup.com/
Released:
Sep 10, 2020
Format:
Podcast episode
Titles in the series (100)
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