One Rental At A Time Live Multifamily Underwriting with Jonathan Twomley March 16
Mar 8, 2026
Jonathan Twomley, a multifamily operator and underwriter who runs a training community, leads a live walkthrough of underwriting real-world apartment deals. He covers quick 101-style underwriting, cap rate timing, debt impacts, upfront costs and deal-structure nuances. Practical tips for lenders, investor requirements, and applicability to other asset types are highlighted.
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Use A Quick Underwriting Filter
- Use a quick and dirty underwriting tool as a first-pass filter to decide whether a multifamily deal is worth deeper analysis.
- Jonathan will share a simplified underwriting spreadsheet that replaces lengthy models and lets you underwrite live listings in minutes.
Evaluate Value With Cap Rates And Debt
- Use cap rates and debt structure to evaluate value, not just comparable sales.
- Jonathan will walk through how cap rate shifts and financing terms change valuation and deal viability in his quick model.
Multifamily Is Not Just Bigger Single Family
- Multifamily underwriting differs from single-family because value and debt dynamics matter more than comps.
- Expect discussions on cap rates, debt impact, and why multifamily isn't driven by owner-occupant bidding wars.