• E11: How We Underwrite Our Multifamily Properties Under An LOI with Brandy Bryan

  • May 7 2024
  • Length: 19 mins
  • Podcast

E11: How We Underwrite Our Multifamily Properties Under An LOI with Brandy Bryan

  • Summary

  • Join me, Brandy Bryan, in another riveting episode of the Midwest Multifamily Exchange where I dive into the crucial aspects of navigating the multifamily real estate market. In this episode, I share my firsthand experiences and strategies for evaluating potential properties, the importance of due diligence, and optimizing property management. Whether you're a seasoned investor or just starting out, these insights are designed to sharpen your approach and help you make more informed decisions.

    • [00:49] - Welcome to the Midwest Multifamily Exchange! An introduction to the podcast and what inspired its creation.
    • [01:07] - I discuss my journey in building a multifamily portfolio and my collaboration with mentor Kevin Morse.
    • [02:10] - Exploring the initial steps of property evaluation: Understanding financial documents and identifying investment opportunities.
    • [04:12] - Strategies for assessing property tax assessments and their impact on investment decisions.
    • [05:14] - Conducting rent comparatives to ensure accurate pricing and maximize income potential.
    • [06:50] - The importance of property tours and personal inspections to gauge the true value and condition of potential acquisitions.
    • [09:29] - Leveraging relationships with property managers and maintenance personnel for deeper insights.
    • [13:33] - Assessing community safety and its influence on insurance costs and property value.
    • [15:24] - Crafting a compelling Letter of Intent (LoI) and the negotiation tactics that follow.
    • [17:50] - The closing process and the final steps before sealing a multifamily property deal.
    • Visit our website: Midwest Multifamily Exchange for more resources and to connect with us.

    Thanks for tuning into this episode! If you found these insights valuable and are keen to learn more about multifamily investments, don't forget to subscribe, share, and leave a review. Your support helps us grow and bring more useful content your way. See you in the next episode!

    Episode Timeline Highlights:Links & Resources:Closing Remarks:

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