058: Underwrite and Analyze Multifamily Investment with Ben Suttles

Ben has been an entrepreneur for 15 years. He started off his career in IT sales and business development then onto management. He was able to grow the sales at his IT firm, OmniData, from $1.5MM to $2.5MM in 3 years. His background in management and sales has helped him propel into commercial real estate, first starting in 2013. He now underwrites and analyzes multifamily investment.

Over the last 7 years, he has been involved in the acquisition & asset management of nine multifamily properties. He used partnerships and Disrupt Equity, totaling over $80MM in current AUM and the purchase and sale of over 1600+ units. Currently, he 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.

He also continues his education in real estate and personal development, and philanthropic work and volunteering in and around Houston where he resides.

Here are the points discussed during the podcast:

• How did you start in real estate?
• Define underwriting?
• Can you take us through the analysis process after you receive a property via broker or other means?
• Can you share an example when underwriting showed you huge cracks in proforma numbers?
• What are some of the gotchas during underwriting?

To learn more about the discussion, you can watch the podcast on Wealth Matter’s YouTube channel or contact Alpesh here.