34:I[58016,["/_next/static/chunks/a10b49cc1be72925.js","/_next/static/chunks/b5ea50e123aa84a6.js","/_next/static/chunks/48003610e91209eb.js","/_next/static/chunks/de880ec5a0241b38.js","/_next/static/chunks/81ce7bf5f20dbd5a.js","/_next/static/chunks/2a1deca7496c1284.js","/_next/static/chunks/53f751967ccc7d59.js","/_next/static/chunks/15a1b1fbd3cf7d4a.js","/_next/static/chunks/9d18ca3107644c0d.js","/_next/static/chunks/88bed98e5cd5e639.js","/_next/static/chunks/2a1278cba709ea3b.js"],"ProcessEpisodeButton"] 3a:I[56939,["/_next/static/chunks/a10b49cc1be72925.js","/_next/static/chunks/b5ea50e123aa84a6.js","/_next/static/chunks/48003610e91209eb.js","/_next/static/chunks/de880ec5a0241b38.js","/_next/static/chunks/81ce7bf5f20dbd5a.js","/_next/static/chunks/2a1deca7496c1284.js","/_next/static/chunks/53f751967ccc7d59.js","/_next/static/chunks/15a1b1fbd3cf7d4a.js","/_next/static/chunks/9d18ca3107644c0d.js","/_next/static/chunks/88bed98e5cd5e639.js","/_next/static/chunks/2a1278cba709ea3b.js"],"EpisodeTranscript"] 2e:["$","div",null,{"className":"absolute inset-0 rounded-3xl ring-1 ring-inset ring-black/10 dark:ring-white/10"}] 35:T510,

Last week’s syndication school episodes were all about the rent roll. This week, Theo is talking about the T-12 (trailing 12, profit & loss statement) it has different names sometimes, but we’ll refer to it as simply the T-12. We’ve provided a free T-12 from an actual deal in the notes below. You’ll need to know how to read this statement for your apartment syndication business. If you never plan to buy larger apartment buildings, you’ll still need this skill for smaller properties if you want to accurately perform your due diligence. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Gross potential rent on the T-12 and the rent roll should be pretty close”

Free Document (Real T-12 from a deal):

http://bit.ly/trailing12

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36:T4d3,Welcome to the Best Ever CRE Show, the world’s longest-running daily COMMERCIAL real estate podcast. Founded by Joe Fairless, a co-founder of Ashcroft Capital who went from buying $35,000 homes to controlling more than $2.7 billion in real estate assets, the Best Ever CRE Show provides commercial real estate expert insights, education, and timely information to our community of active and passive investors who want to build wealth, build a legacy, and do more good in the world. So if you want the real stories behind the good, the bad, and the worst ever deals — plus, insights into what really goes on in commercial real estate investing — you’re in the right place. Our hosts interview commercial real estate experts every day to uncover secrets and strategies YOU can use to become a better, more informed investor. This is the Best Ever CRE show. Join the Best Ever Community The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It’s free to join, but you must apply and meet the criteria. Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at www.bestevercommunity.com37:T4d3,Welcome to the Best Ever CRE Show, the world’s longest-running daily COMMERCIAL real estate podcast. Founded by Joe Fairless, a co-founder of Ashcroft Capital who went from buying $35,000 homes to controlling more than $2.7 billion in real estate assets, the Best Ever CRE Show provides commercial real estate expert insights, education, and timely information to our community of active and passive invest

JF1639: Breaking Down the T-12: Apartment Financial Statements Part 3 of 6 | Syndication School with Theo Hicks

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