Category Archives: Blog

If you missed the book launch live event on Underwrite to Today’s Cost of Capital: The Deal Has to Work Now, you can catch the recording here. If you want a sharper set of questions to bring to your next deal, my new book (The Busy Professional’s Guide To Passive Apartment Investing) is where I […]

If you missed the book launch live event on Negative Leverage and Interest Only Debt, you can catch the recording here. If you want a sharper set of questions to bring to your next deal, my new book (The Busy Professional’s Guide To Passive Apartment Investing) is where I put them. Snag a copy for […]

If you missed the book launch live event on The Capital Stack Gap That Sinks Passive Multifamily Deals, you can catch the recording here. If you want a sharper set of questions to bring to your next deal, my new book (The Busy Professional’s Guide To Passive Apartment Investing) is where I put them. Snag […]

My latest book The Busy Professional’s Guide To Passive Apartment Investing is now available in print, digital, and audio format on Amazon at the special launch pricing until 8/11/26. If you missed the book launch live event on What Broke, What Worked, What Endured, What Comes Next: From The Trenches, you can catch the recording […]

[If you missed the last pop up live on The Rate Cap Fork: A Small Decision That Sank Whole Deals, you can catch the replay here.] There is a line on almost every multifamily pro forma I reviewed between 2019 and 2022 that read like a small miracle. Operating expenses were projected to come in […]

[If you missed the last pop up live on What Your Portfolio Is Not Telling You About Risk, you can catch the replay here.] For about two years, bridge debt was not really a choice. The math told you so before you finished underwriting. Long term agency debt could not produce the loan-to-value or the […]

[If you missed the last pop up live on What Your Portfolio Is Not Telling You About Risk, you can catch the replay here.] The label that feels safe is often the one anchored to a market that no longer exists. In 2021, underwriting 10% year one rent growth was called conservative. Actual rent growth […]

[If you missed the last pop up live on The Diligence You Outsource Is the Risk You Keep, you can catch the replay here.] This is a special edition of the Underwriting Minute. The regular educational rhythm resumes next week. I want to explain why I am running a summer enrollment window for Mastering Multifamily […]

How the distribution waterfall can capture most of the upside before a limited partner ever sees it. [If you missed the last pop up live on  Buying Distressed Multifamily: When a Discount Is Not a Deal, you can catch the replay here.] Picture a deal that did everything the offering deck said it would. The […]

[If you missed the last pop up live on Why I Am Still the Bottleneck in My Own AI Workflow, you can catch the replay here.] The deal looks strong on paper. The NOI is solid. The returns clear the hurdle. The expense ratio sits at 37%. That last number is where I stop. A […]