Multifamily property underwriting can be a complex process with many factors to consider. As an underwriter, it's important to be aware of common mistakes that can lead to inaccurate valuations or inefficient use of time and resources. Here are four mistakes to avoid when underwriting multifamily properties:
1. Relying too heavily on historical data
2. Overlooking physical and operational risks
3. Ignoring environmental factors
4. Underestimating competition
By avoiding these common mistakes, underwriters can ensure accurate and efficient valuations that save time and resources. To learn more about multifamily property underwriting, check out the full episode video.
Guest Name: Mike Morawski
Guest Company: My Core Intention
Guest Link: https://mycoreintentions.com/
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