WS65: How to Conservatively Underwrite a Real Estate Syndication Deal with Anna Myers

real estate syndication, real estate deal, real estate investing

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Summary:

In this episode, Whitney interviews Anna Myers, Lead Underwriter for GroCapitus. Anna controls over 200 multifamily units in 5 different states. Anna shares how you can mitigate risk by conservatively underwriting a real estate syndication deal. You will learn how Anna successfully found a mentor in Neal Bawa of Grocapitus who showed her the ropes of the business. How do you analyze T-12 documents and analyze expenses while studying a new deal? What are some good resources for accessing data and predicting the future performance of a property? Anna also reveals different debt options, their pros and cons which helps SIMPLIFY the complex process of deal raising. Tune in to this informative show now!

Time Stamped Show Notes:

  • 00:29 – Whitney introduces Anna to listeners
  • 00:57 – How did Anna transition to the real estate syndication business?
  • 03:00 – Anna move to real estate syndication in a bid to save taxes
  • [spp-timestamp time=”04:24″] – How did Anna end up being mentored by Neal Bawa of Grocapitus
  • 05:13 – Importance of making data driven decisions in underwriting
  • 06:10 – How to find and build a relationship with a mentor who can teach you the ropes of the business
  • 09:16 – Tips and Tricks for correctly underwriting a real estate syndication deal
  • 10:47 – How to procure financial documents and correctly analyze data while underwriting a deal
  • 13:22 – Tips and Tricks for using Deal Analyzer while syndicating a deal
  • 14:04 – How to predict future performance of a property by forecasting property rents
  • 15:04 – How to unlock value add by upgrading units and bumping up rents
  • 15:56 – Anna shares how you can analyze T -12 expenses to figure out any discrepancies
  • 17:40 – Are there industry standards for expenses in the syndication business?
  • 18:27 – Anna suggests talking to property managers for figuring out accurate operating expenses
  • 19:55 – Resources that syndicators can use for correctly estimating operating expenses
  • 20:53 – How to estimate the outcome of a real estate syndication deal, and accurately predict what different stakeholders will receive
  • 22:45 – What are the different debt options available to syndicators?
  • 24:35 –Should you opt for a bridge loan in order to crack a syndication deal in spite of its risky nature?
  • 26:13 – What is the BIGGEST mistake that syndicators are currently making?
  • 28:08 – Discussing how an overly aggressive mind set can lead to losses in syndication
  • 31:11 – What is the #1 thing that has contributed to Anna’s success? We discuss the importance of conservative underwriting and partnering with the right people
  • 32:13 – Anna shares her contact information
  • [spp-timestamp time=”32:55″] – Share, Review and Subscribe to the Real Estate Syndication Show
  • [spp-timestamp time=”33:11″] – Special thanks to our sponsor, LifeBridge Capital

In this episode, you will learn:

  1. How to vet and choose the right partner for real estate syndication
  2. The ART of networking with peers via meetups
  3. How to diversify and mitigate risk in real estate syndication

Resources

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Join the Real Estate
Syndication Show Community:
·      LifeBridgeCapital.com

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