The Best Ever CRE Show JF3099: How to Become “Deadly Efficient” at Underwriting ft. Jason Baik
Feb 28, 2023
Jason Baik, Managing Principal at Compounding Capital Group, shares his transition from corporate data scientist to multifamily real estate investor. He highlights the importance of understanding market conditions and effective communication in underwriting. Listeners discover how to avoid analysis paralysis and become 'deadly efficient' in their approach. Jason also discusses strategies for thriving in competitive markets and the significance of strong partnerships and niche skill sets in this dynamic field.
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Jason’s Radical Career Shift
- Jason left a traditional corporate job after 10 years to pursue real estate with no prior experience.
- He took a chance on himself and hasn't looked back since making the leap into investing.
Accept Risk to Close Deals
- No deal in real estate is ever risk-free; accepting risk is essential.
- Being conservative on every element means no deal will pencil, so embrace calculated risks.
Explain Numbers with Narrative
- Underwriting is not just technical; explaining findings in plain English is critical.
- Providing a clear narrative makes numbers accessible and actionable to decision-makers.
