058: Underwrite and Analyze Multifamily investment with Ben Suttles
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Ben has been an entrepreneur for 15 years, first starting his career in IT sales and business development then onto management, having grown sales at his IT firm, OmniData, from $1.5MM to $2.5MM in a 3 year period. His background in management and sales has helped him propel into commercial real estate, first starting in 2013. Over the last 7 years he has been involved in the acquisition & asset management of nine multifamily properties, through partnerships and Disrupt Equity, totaling over $80MM in current AUM and the purchase and sale of over 1600+ units. He currently owns ten companies, with over 50 employees and revenues approaching $20MM. When he's not working to grow Disrupt Equity, Ben loves spending time with his family, traveling, continuing his education in real estate and personal development, and philanthropic work and volunteering in and around Houston where he resides.
\\nHere are the points discussed during the podcast:
\\n\\xb7 How did you start in real estate?
\\n\\xb7 Define underwriting?
\\n\\xb7 Can you take us through the analysis process after you receive a property via broker or other means?
\\n\\xb7 Can you share an example when underwriting showed you huge cracks in proforma numbers?
\\n\\xb7 What are some of the gotchas during underwriting?
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