8 Steps: How to Underwrite Multifamily (Before you Build)

These are the steps we follow ever single time we look at a piece of land that we want to develop into multifamily. We only build big complexes (100+ units) now, but these items still apply to smaller complexes like a 4-plex. In this video we'll cover:

1. What makes a good piece of land for multifamily
2. Architecture
3. Pre-development meeting
5. HOA & Neighbors
6. Underwriting the numbers before you build
7. Soft Costs: engineering, utilities, etc.
8. Hard Costs: construction & etc.

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Jerome Maldonado is a 25+ year veteran in the real estate investing industry. He specializes in real estate development, and teaches his students how to develope single family homes, multifamily complexes, and entitle land to sell to developers (or develop themselves!). Jerome also owns multiple 7, 8, and 9-figure businesses including a construction company and a realty company, founded in 1998 and 2000.

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---DISCLAIMER--- The suggestions, advice, and/or opinions that are given by Jerome Maldonado are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Jerome Maldonado and Jerome Maldonado brands harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by Jerome Maldonado as a perspective based upon experience.

[nateerickson]

I’m gained so much knowledge from your videos. Thank you.

[michaelreyes]

Great nuggets of info Jerome. Thanks for all you do. Cheers.

[gladzalendo]

Jerome great insights into the process involved. I liked your video about entitlements process as well.

[eduardomaneira]

Great Video man !!!! I was finally able to purchase my first multi family land..building 60 townhomes, any tips about construction financing?

[huzefadargahwala]

This is great information. Keep up the good work !! Can you provide more information on where to find these lots and get a good deal for them ?

[cenafanist]

How would we get a loan if we never built a house and have no construction background

[AdilKhan-vvsr]

how much you think is construction cost in cali on 8-12 units, $185 seems low these days ?