Phase 1: Filtration:
Prior to doing a full underwriting on a property we check deal breakers such as:
Unit size to mitigate occupancy risk
Occupancy data greater than 90%
Build year to minimize deferred maintenance
Major structural aspects such as: electrical, plumbing, roofs, and foundation.
Market: Ensuring there is a trending population growth, employment, and demand for renters.
Livelihood: great school ratings, low poverty, crime rate, medium income, job diversity
Our Strategy
Sample taken from a case study underwriting*
Phase 2: Underwriting
Once a property passes through phase 1, we take it into phase 2 and begin underwriting diving deep on the financials.
Last year of profits and loses
Insurance and mortgage quotes
Rent and leasing information
After we’re able to see how the property runs financially we check to see if it meets the following:
