We’ve all heard it: location, location, location. But what does that really mean when you’re underwriting multifamily deals—and how should it actually impact your numbers?

In this solo episode, I break down the real, tangible differences between buying in a good location versus a bad one—within the same asset class. Drawing from years of operating properties across varying submarkets, I share the operational, financial, and time-management impacts that location has, far beyond the cliché.

Join us as we explore:

The operational realities of good vs. bad locations (even within the same class)
Why vacancy, turnover, and repairs should change in your underwriting based on location
The “ripple effect” location has on demand, resident retention, and NOI
How location impacts your renovation scope and the rent premiums you can achieve
Why better-located properties often deliver a higher dollar per hour return on your time—even with slightly lower projected IRRs

Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities.

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#292: Everyone Talks About Why Location Is Critical... But What Does That actually Mean When Underwriting Deals?