{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Episode 290. How I Underwrite a Multifamily Deal in 15 Minutes (Before Opening a Spreadsheet)","description":"Most people think underwriting a multifamily deal means opening a massive spreadsheet, building out ten assumptions, running sensitivity analysis, and toggling IRR scenarios. That\u2019s not how I do it. In this episode, I break down the exact 15-minute filter I use before I ever open a full underwriting model. If a deal doesn\u2019t survive this fast analysis, it doesn\u2019t deserve two hours of my time. I walk through: Price per door and how I benchmark it against current market trades The 1% rule \u2014 and why today it\u2019s closer to 1.25% How I use a 50% expense ratio as a reality check Back-of-the-napkin cap rate math to estimate true value Why capital required can kill a deal before the numbers do In this business, 99 out of 100 deals won\u2019t make sense. The key is learning how to identify them quickly and move on without wasting energy. If you\u2019re serious about buying multifamily and want a faster way to analyze opportunities, this episode will sharpen your filter. ","author_name":"Small Axe Podcast: Multifamily Real Estate | Buy Buildings, Build Empires","author_url":"http:\/\/smallaxe.libsyn.com\/website","html":"