Multifamily Underwriting Tips with David Toupin
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. LISTEN HERE:
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[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 afterward
[04:52 – 11:04] A Master of Underwriting Deals
Why do 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.
[21:55 – 25:24] Bullseye Round
Not buying more properties earlier on.
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I Wish I Knew When I Was Starting:
How to negotiate
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Find David’s software at realestatelab.com and reach out to him on his Instagram
“You will never grow a successful business by doing five different things. Pick one and get good at it.” - David Toupin
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