On today’s show we are doing another in the beginner series. 

The Real Estate Espresso Podcast is unlike other podcasts in that most others are focused on a more entry level audience.  Our listeners are sophisticated. Many of you own large portfolios of apartments. But you also have people in your life who are interested in learning more, but maybe don’t have access to high quality information. The idea of sending your spouse to a $199 weekend bootcamp for beginners where they are going to be abused by sleazy sales people sounds unthinkable. So where do they go. Look no further. We are going to dedicate a couple of shows a month to topics that will accelerate the learning for less experienced investors, and might give the most sophisticated investors a new way of explaining a concept that is otherwise complex to describe.

Today’s show is focused on underwriting where I’m reviewing the underwriting from a new investor who is looking at their first multi-family acquisition. 

There are numerous pitfalls in underwriting which unless you have the experience, you don’t know what you don’t know. 

This project is the first syndication for them and they don’t have experience having put together a compliant offering. 

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**Real Estate Espresso Podcast:**
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