How to Underwrite a Real Estate Development Deal Stress-Free - Underwriting Real Estate Development
Learning how to properly navigate underwriting in real estate deals is absolutely crucial to ultimately finding success as a developer. There's an art to it, a balance between cultivating a deal that's conservative, but still makes good sense.
In this video, Scott Choppin, CEO and Founder of Urban Pacific, lays out his thinking when it comes to underwriting and gives developers a few tips to use on their own projects.
From this video:
Scott: I have a number I just underwrite to. And I think it's probably like overly conservative for most projects. But let me tell you this. What I do say is, you know, to sort of tell a little funny story, when I was a young project manager, there was no deal I couldn't save or I couldn't make work. Right. Any deal was possible. Every deal is possible right. Now. Like the total opposite. I like every deal is going to die, man. Like, fast, quick death. The faster it can die the better.
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