Underwriting deals is one of the most important skills in real estate investing. Learning it by yourself, though, is not advisable. It’s actually inefficient and ineffective. You don’t know what you don’t know, after all.That is why it’s crucial for beginners to build relationships in this space. Aside from being a wealth-generating vehicle, real estate is a team sport that you play with like-minded individuals. Investors like Marcellus McKinley, who is serving in the Air Force, will be better off surrounding themselves with people who know more than they do. [00:01 - 02:20] Opening Segment I welcome today’s guest, Marcellus McKinleyActive in Air ForceStarted in the residential space for real estate [02:21 - 10:29] Underwrite in Real Estate Marcellus recalls how he became a limited partner How to underwrite properly in real estate Developing relationships with brokers [10:30 - 19:55] Unconscious Incompetence Bad real estate advice you should hear now...and not do later What you should know about the Net Operating Income What is “unconscious incompetence?”[19:56 - 25:37] Closing SegmentWhere to start in real estate? Find Marcellus at the links belowFinal wordsTweetable Quotes:“At the end of the day, though, the game is really building track record like you would in anything else.” - Jerome Myers “Self-educating is the most inefficient and ineffective way to get into this space because there’s so much that you don’t know that you don’t know.” - Jerome Myers Resource mentioned:Multifamily Missteps: The Third Time is the Charm - Bo GoebelConnect with Marcellus on LinkedIn. Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkBLearn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCCSupport the showAre you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.

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