Mastering Underwriting helps you quickly install a professional underwriting process into your multifamily investment business, by downloading my 14+ years of underwriting experience into your brain in just a few hours.
Glean the wealth of information in a rent roll and operating statement.
Underwrite different debt scenarios, including purchase money mortgages, debt assumptions, seller financing, and refinancing.
Conservatively forecast exit cap rates, so you have a realistic view of a property’s future sales value.
Verify your numbers so you can bid with a high level of confidence in your valuation.
Stress test your deals so you can calculate break-evens, best-case scenarios and worst-case scenarios, and make sure the deal really is as good as you think it is.
Decide whether a deal’s worth pursuing or you should walk away now.
What materials you actually need to underwrite.
Underwriting from rent rolls and operating statements.
Underwrite permanent debt, debt assumptions, seller financing, mixed-source debt, and debt refinancing.
Get critical checklists, so you avoid underwriting errors and oversights
Permanent purchase-money mortgages
Interest-only debt and Seller financing / seller carry
Refinancing any time from 1 to 10 years from purchase.
Simultaneous 5- and 10-year projections and side-by-side expected, best, and worst case scenarios — all in the same model.

Nuclear Engineer and Real Estate Investor, North Carolina
For me [the problem] was not a lack of information. It was just being paralyzed by all the information that was available and not knowing how to apply each thing. And so what I looked for in a course was a do-it-yourself system that not only told you what to do and how to do it but more importantly told you when to do it. And so what I found out through going through the modules with Jonathan’s course was, he includes so much information. There are processes, there’s checklist, there’s timelines, how to syndicate, how to pick your property management, all the information you could possibly want provided but it’s laid out like a road map. It will take you from point A, from finding the market that you want to invest in all the way to closing and scaling your business and beyond.
And so what that meant for me was less time wasted. Now I’m focused on the execution and application of each step instead of juggling five or six different tasks and going nowhere fast. It meant more peace of mind – no longer am I stuck in my head wondering if I’m doing the right task. And it just meant more focus on the execution piece of it.

Realtor and Investor, Greenville, SC
Jonathan’s course … gave us some confidence … that we weren’t going to make a bad decision. …
I definitely recommend this course … for not only new investors that are just getting into multifamily, but also to people [like us] that have already done a couple of deals. Because you’d be surprised when the things that you think you know from doing, you may be able to do differently and easier the next go-around. …

Entrepreneur and Real Estate Rehabber, Long Island, NY
The biggest takeaway for me was … [Jonathan] just instilling the confidence that I needed to approach the multifamily market with a better idea of how the whole thing works, and less intimidation overall.
I could not recommend Jonathan’s program enough. … [I]f you’re looking for a way to fully educate yourself on the dos and don’ts of multifamily, I think this is the place to be.
Learn from a seasoned expert: Jonathan Twombly has spent 14+ years mastering real estate syndication. He’s built and sold a multimillion-dollar portfolio from scratch, raised tens of millions in funding, and sponsored or partnered in over $250,000,000 of real estate deals. Now he’s sharing his proven methods to help you replicate his success.
Mastering Underwriting is specifically designed for serious new investors who get that underwriting isn’t about “making the numbers work” but rather it’s about understanding what story the numbers tell you, so you know what a property is really worth before you bid.
Valuing a property is the thing you must get right when buying multifamily real estate. It’s how you determine if the deal’s a bargain or grossly overpriced. Proper underwriting is how you determine what purchase price makes a property a deal.
If you can’t underwrite properly, then you’re flying blind in determining value. You might as well just take the broker’s word for it – or even pick a number out of thin air.
If you’re serious about being a multifamily investor, this is the skill you must master first.
Just click the purchase button, which takes you to the payment page, where you can input your credit card details. Once payment is received, the materials will be delivered directly to your inbox.
There are no membership sites, tech issues, or passwords to forget. Just instant, lifetime access to the system, for you to install into your business as soon as you’re ready to take action.

Finance Professional, Charlotte, NC
Right off the bat, I noticed [Jonathan] was different. He was not a guru, he did not have a big personality, he wasn’t in your face. He was just very thoughtful in what he said and had a thoughtful approach to the way he analyzed multifamily properties. … He was extremely genuine.
Jonathan is a born teacher. He loves to instruct people to share his knowledge, and he is very encouraging with us as students…. I think he genuinely wants us all to succeed so that we can get out of the rat race and live through passive income through real estate.

Entrepreneur and Real Estate Rehabber, Long Island, NY
[Jonathan]’s just a really warm guy, really easy to talk to.
… He doesn’t sell you any bridges. He is more than transparent in the beginning that this is going to be hard work, and that it takes more than just, you know, a couple cool computer programs or a couple scripts or something to land some deals.
… I’m indebted to him … [for] being a great guy that knows a lot of people and is willing to connect his students to other professionals as they need.

Owner of JC Property Group
As a former commercial broker and now the owner of 1,300 apartment units, I know real estate investment as well as anyone. You come across few people in this field who really know what they’re talking about. Jonathan is one of them.

Real Estate Investor
In a world where everyone claims to be an expert, Jonathan is someone who not only knows real estate but he’s also straightforward and honest.

Realtor and Investor, Greenville, SC
Jonathan is … one of the genuine individuals that really just wants to help people.… We really trust his opinions and the information that he gives is wonderful.

Nuclear Engineer and Real Estate Investor, North Carolina
[Jonathan] adds tons of insight and tons of value, and if he can’t answer something for whatever reason, he goes above and beyond to make sure he gets you in touch with someone who can.
[Jonathan’s willingness to make connections for his students] just speaks about Jonathan’s character and his genuineness and how authentic he is, and how much he truly wants you to succeed in your highest capacity.

Multifamily Real Estate Investor and Co-Host of The Wheelbarrow Profits Podcast with Jake & Gino
I have been fortunate . . . to know Jonathan and participate in a monthly [professional] mastermind group with him. … I am impressed with Jonathan’s skill and savviness in the multifamily space and I continue to learn from him.

Realtor and Investor, Greenville, SC
Jonathan Twombly is an expert in all aspects of multifamily real estate. I asked him for advice on how to raise money for deals and he gave me a few pointers that were very practical and helpful for me to get the ball rolling. Right after I used what he taught me, I was able to get commitments from 5 potential investors in the very first week! Jonathan is a man of high integrity and I would highly recommend him.

Real Estate Software Professional, New York, NY
Jonathan is very truthful and honest about what the realities are of getting into your first deal…. Jonathan is a great teacher and a great mentor.

Multifamily Investor and Host of the Best Real Estate Investing Advice Ever Podcast
As a real estate investor, consultant, and host of a successful real estate podcast, I know the real estate field, and I know a real expert when I see one. I’ve known Jonathan Twombly since I first got started in this business, and he is the real thing!

owner of RSN Property Group and host of the Investing in the U.S. podcast
I have known Jonathan for the past two years and, in that time, he certainly stands out as one of the best multifamily investors, and teachers, in the industry.
We have worked closely together as part of a high-level mastermind group devoted to multifamily syndication. He is a true professional who is getting deals done and showing others how to follow in his footsteps; best of all he is down-to-earth and an all-round top bloke.

Real Estate Investor
Rest assured that with Jonathan’s advice, you’re going about it the right way. There’s no trickery, no gimmicks, no rushing. He’s simply looking to give you the encouragement and wisdom to make your first move in real estate. Jonathan’s advice and coaching has been an absolute gift, and anyone looking to begin investing in real estate should consult with him.
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The revenue testimonials, examples, and results presented on this page are not intended to serve as a guarantee for your business. They’re
presented to give you an idea of what’s possible when action is applied to a business scenario. Results in any business require work,
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