WS1606: Using Analytical Skills for Real Estate Investing | Jason Baik

Published: March 15, 2023, 7 a.m.

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Fear can hold people back from making investments in real estate. And analysis paralysis is a common problem for many investors who have difficulty moving forward with their first deal. In today\\u2019s episode, guest Jason Baik shares how you can overcome this and his insights on the importance of leveraging analytical skills in real estate investing and the importance of understanding underwriting and the numbers behind real estate.

He also teaches us how to provide practical and realistic resources for aspiring investors and explains to us the definition of primary, secondary, and tertiary markets. Tune in now and find out the key metrics they look for when analyzing a market so you can enjoy having time and financial freedom according to your will!


Key Points From This Episode:\\xa0

  • Jason shares the story about his crossover from data science analytics to multifamily investing.
  • Jason talks about the genesis behind The Underwriting Lab.
  • How does Jason help people with analysis paralysis?
  • The key metrics one should look at when evaluating deals.
  • The difference between secondary and tertiary markets based on Jason\\u2019s personal experiences.
  • What are the things that Jason looks for when analyzing the market at a high level?
  • How to choose a market as a small investor?
  • The places with lower margin of error when buying and why.
  • Jason\\u2019s goal for his business, Compounding Capital.
  • The habit that Jason practiced consistently brought him to where he is today.


Tweetables:

\\u201cI decided to create a product that shows you a more behind-the-scenes look at multifamily as a business, about real benchmarks and real assumptions, and tough calls that you have to make.\\u201d - Jason Baik

\\u201cI tell people a lot of times to focus on the operator, especially if you tend to be working with successful people who have made money in some other industry.\\u201d - Jason Baik

\\u201cIf you're choosing a market, as a small investor, if you're just beginning if you just have a small team, you need to find a price differential, more than you need to focus on macro metrics.\\u201d - Jason Baik

\\u201cYou can't compete on price when you're competing with the BlackRocks and the Blackstones.\\u201d - Jason Baik

\\u201cYou can make money in most places, and it's just about finding a market where you personally have some sort of competitive advantage in.\\u201d - Jason Baik

\\u201cYou develop some sort

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