E136: The Secrets to Successful Underwriting - Danny Randazzo

<p>This week our special guest is the coveted underwriter Danny Randazzo! Join us as we discuss how to increase your returns with great underwriting.</p><p>Danny is a real estate investor, author, entrepreneur, mastermind host, national speaker, podcast host, volunteer with The First Tee and world traveler.</p><p>He retired from corporate America at age 30 after working as a financial consultant for over half a decade and building a real estate portfolio that generates monthly income to achieve financial freedom.  </p><p>Today his company controls over $220,000,000 in real estate assets. When Danny is not investing in real estate you can find him walking with his wife Caitlin and dog George or playing competitive golf.</p><p>Understanding the underwriting and analyzing of multifamily apartment deals is vital to a successful return on your investment. If you're a seasoned pro or just getting into investing, then this is a topic you simply can't ignore or ever have enough knowledge on.  </p><p>So join the conversation as we dive deep into this complex topic and provide you with free professional knowledge that you can use to nail this subject and become a successful investor.  </p><p> </p><p><strong>KEY TAKEAWAYS</strong></p><p>1. The basic philosophy of investing: 1. Preserve capital and 2. Buy cash flow producing assets for long term gain. </p><p>2. When finding a deal look at the market itself and identify the fundamentals that you want from that specific market. </p><p>3. Some key fundamentals to look for in a good deal are: 1. Location 2. The business plan 3. The economic growth of the investment area 4. Seller performance  5. Occupancy 6. Income 7. Expenses </p><p>4. At this moment in time be conversative with your cost reduction estimates and general underwriting </p><p>5. How to judge a market´s future performance: Look at market rent performance and sub market fundamentals reports that are available via brokers. This can tell you what rents will be like and what rental increases there are. </p><p>6. Always