Welcome | G2H Companies

Module #1: Introduction

A general overview of the course.

Module #2: Required Information

To properly underwrite a multifamily asset, you will need, at minimum, the follow items:

Module #3: Parsing/Sorting the Rent Roll

This section covers the process of parsing and sorting the rent roll, a crucial step in property analysis:

Module #4: Preparing the Operating Statement

This section covers the process of analyzing and preparing the operating statement, a crucial step in property analysis:

Module #5: Account Mapping

This section covers the process of mapping accounts from the operating statement to top-level income or expense categories:

Module #6: Ancillary Items & Valuation Types

This section covers miscellaneous income and expense items, as well as valuation considerations:

Module #7: Valuation Assumptions

This section covers the different types of valuation assumptions and how to apply them in property analysis:

Module #8: Forward Looking Growth Rates

How to make future assumptions about income and expense growth

Module #9: Financing Assumptions

Details about debt financing and loan inputs

Module #10: Determining the Valuation

How to come up the value and analyze the various types of metrics for comparing investments

Real Estate Underwriting Course

Introduction to Real Estate Underwriting

Market Value

Basic Property Information

Additional Information and Docs

Introduction to Rent Roll Parsing

Types of Rent Rolls

Essential Information

Understanding Rent Types

Creating the Unit Mix

Introduction to Operating Statements

Pro Forma Statements

Income Accounts

Expense Accounts

Expense Categories

Introduction to Account Mapping

Mapping Process

Differentiating Expenses

Below-the-Line Items

Conclusion

Miscellaneous Income and Expense Items

Real Estate Taxes

Buying and Selling Fees

Value-Add Enhancements

Unit Interior Renovations

Common Area Capital Expenditures

Introduction to Valuation Types

Types of Valuation Explained

Choosing a Valuation Type

How to Value the Asset

Assigning Figures to Income and Expense Categories

Introduction to Growth Rate Assumptions

Applying Percentage Growth Rates

Grouping Accounts for Growth Rates

Granular Control Over Growth Rates

Accounts That Typically Do Not Grow

Minimum Accounts to Set Growth Rates For

Introduction to Financing Assumptions

Key Financing Inputs

Debt Service Cover Ratio (DSCR)

Loan Fees

Interest Rate

Loan Term

Amortization Period

Interest Only (I/O) Period

Introduction

Targeting Price

Targeting Capitalization Rate

Targeting Return Profile

Price and Cap Rate vs. Return Profile

Conclusion