Full-Cycle Multifamily Insights

Throughout my career on both sides of the real estate capital conversation (debt and equity), I’ve seen countless approaches to analyzing new investment opportunities. Within minutes of reviewing a deal, I can usually gauge a sponsor’s conviction, and whether the numbers truly make sense.

My goal is straightforward: to help investors bridge the gap between “considering an opportunity” and “investing with confidence.” If you’re putting your net worth at risk, you deserve to know exactly what you’re getting into.

I’ve been fortunate to play a key role in some exceptional private equity investments. But I’ve also watched bad deals get funded despite my recommendations, leaving limited partners (LPs) shocked when their capital disappears in a deal that never should have happened. My goal is to change that.

My “Why”

I want to help investors understand the risks and rewards behind every potential real estate investment. If you’re up for it, send me a deal to underwrite publicly, and I’ll anonymize the numbers and walk through the details in a new post.

Also - Bonus Depreciation is NEVER the first reason to invest. If all you care about is depreciation, start an LLC and buy another car. But if you care about risk-adjusted returns, cash flow, and protecting your net worth, you need to look deeper than the tax benefits. But you also need to justify the opportunity.

If you truly want to “invest like the 1%” or generate “passive income,” this page will give you clarity on underwriting and valuation methodologies actually used by sophisticated investors. I’ll also share a few tricks I’ve learned over the years - some good, some bad.

The bad ones? Those are the red flags 🚩I look for today, because I’ve either been tripped up by them before, or someone has given me the heads up.

Previous
Previous

Market Rent vs. Organic Rent Growth

Next
Next

Underwriting Commercial Real Estate: What Assumptions Matter Most