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10-02-2024, 02:29 PM #1
- Join Date
- Sep 2024
- Posts
- 4
Underwriting Resources ?
Does anyone have any resources for me to use so I can learn how to underwrite deals ?
All help is appreciated, thanks
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10-02-2024, 03:41 PM #2
- Join Date
- Mar 2022
- Posts
- 9
Following this. I've been looking for resources as well but this industry is pretty concealed in regards to underwriting because every company is different.
From what I understand the big things are:
- Don't want to be pulling over 30% liability on daily balances
- Deposits have to be consistent. $50K a month with 70 deposits is better than $100K a month 2 deposits etc.
- need to show deposits of true revenue not transfers, and if they are coming from transfers you're going to need the transfer accounts as well
- No gambling or addiction expenses
- Like to see a history of pulling out an MCA at some point ad paying it back
A software I've been seeing used is something called Dragon-io or something like that to help with calculations but again I think that has to be built out specific to the lender.
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