#292: Everyone Talks About Why Location Is Critical... But What Does That actually Mean When Underwriting Deals?
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We’ve all heard it: location, location, location. But what does that really mean when you’re underwriting multifamily deals—and how should it actually impact your numbers?
In this solo episode, I break down the real, tangible differences between buying in a good location versus a bad one—within the same asset class. Drawing from years of operating properties across varying submarkets, I share the operational, financial, and time-management impacts that location has, far beyond the cliché.
Join us as we explore:
- The operational realities of good vs. bad locations (even within the same class)
- Why vacancy, turnover, and repairs should change in your underwriting based on location
- The “ripple effect” location has on demand, resident retention, and NOI
- How location impacts your renovation scope and the rent premiums you can achieve
- Why better-located properties often deliver a higher dollar per hour return on your time—even with slightly lower projected IRRs
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293 episodes