Multifamily Underwriting Tips with David Toupin, Ep. 341

David Toupin, Owner of Toupin Holdings brings 6+ years of multifamily and commercial real estate investing experience. David has acquired over 1,200 apartments as the key principal, valued in excess of $100,000,000+.  David has earned a reputation as being a savvy multifamily analyst and underwriter, helping hundreds of investors with his own proprietary model.  This led David to create the Real Estate Lab, a Multifamily real estate software company focused on managing the acquisitions and analysis process for multifamily investors.  John sat down with David to learn more about his approach and best practices for underwriting multifamily. Let's dive in.   Announcement: Download Our Sample Deal and Join Our Mailing List   [00:01 – 04:52] Opening Segment  David talks about his background. How she got started with single family homes and switched quickly to multifamily How he made his first deal and how he moved forward afterwards [04:52 – 11:04] A Master of Underwriting Deals Why you need to have a deep knowledge of underwriting David breaks down how he does the underwriting. How he created a model for underwriting and how that benefited him How he started selling his model and made a huge profit David talks about the all in one acquisitions platform “Real Estate Lab” he founded. What to look for when underwriting a deal. [11:04 – 21:55] The All in One Acquisition Software David gives more details about the use of his software “Real Estate Lab” What led him to build the software. What makes Real Estate Lab a unique platform Where you can find the platform The price range to purchase the software One of the most common mistakes that people make while underwriting. Contact David   [21:55 – 25:24] Bullseye Round Apparent Failure: Not buying more properties earlier on.   Digital Resource: Instagram   Most Recommended Book: Never Split The Difference   Daily Habit:  Not setting any appointments or calls before noon   Curious About: How to completely disrupt the industry   I Wish I Knew When I Was Starting: How to negotiate   Best Place to Grab a Bite in Austin Terry Black’s Barbeque   Contact David: Find David’s software at realestatelab.com and reach out to him on his Instagram   Tweetable Quotes: “You will never grow a successful business by doing five different things. Pick one and get good at it.” - David Toupin   Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.