Wayne Courreges IIIManaging Principal, CREI Partners, CREI Partners, CREI Partners, LLC · Disciplined Passive Real Estate. Transparent Leadership.

Source Documents for Underwriting Real Estate Investments

Name: Source Documents for Underwriting Real Estate Investments
Uploaded: 2024-02-14T01:02:16+00:00
Duration: 51 s
Channel: Wayne Courreges III
Description: This content was created by Wayne Courreges III, CPM®. This content was uploaded by Wayne Courreges III, CPM®. This is a YouTube video titled "Source…

14 Feb 2024 · 1 min

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This content was created by Wayne Courreges III, CPM®. This content was uploaded by Wayne Courreges III, CPM®. This is a YouTube video titled "Source Documents for Underwriting Real Estate Investments" (recorded February 14, 2024). The excerpt is an instructional segment by a presenter labeled SPEAKER A describing key documents used in real estate underwriting — rent roll (units, tenants, market vs. actual rent, lease dates, misc. income), the T12 (12‑month income and expense statement) versus shorter-term T3, and underwriting spreadsheets — aimed at investors or analysts preparing property underwriting.

Chapters

For underwriting. Your typical documents that you start off with are rent roll. That rent roll is going to show what, you know, how many units, the individuals that are renting those units, what's the market rent, what are they actually paying? Are there miscellaneous incomes? What's their start lease? What's their their end lease date? Then you have the T12. The T12 think of it more like a profit and loss statement or an income statement, those the 12 being 12 months of data on the income and expense. And that's broken out in detail. If you looked from a T3 standpoint, you would have three months of data. But we look at it from a 12 month initially. And then we have an underwriting spreadsheet, we have a couple versions that we like to use. And. And we'll start.