I made my first investment in real estate as a sophomore cadet at the U.S. Air Force Academy. A few of my friends and I bundled some cash together and passively invested $50,000 in a flip together. I made the introduction between my friends and the operator and assumed responsibility for managing the investment – this role earned me both a higher reward and risk. Long story short – a combination of fraudulent behavior on the operator’s part and insufficiently conservative underwriting on mine, the deal went belly-up and we lost almost all of our equity. 

While it may not be good business to admit such a large failure this fast up front, the truth of the matter is, while expensive, it was a lesson that I needed to learn. From that point on, I chose to never find myself in a position again where adequate due diligence could have prevented such losses.

Over the course of the next few years, I began to gain experience and expertise in underwriting multifamily. I worked my up the chain, eventually going into business consulting with private equity and syndication groups on potential acquisitions. Through that work, I developed a spreadsheet that became well known – for both it’s accuracy and ease – with which it pushed through deal flow.

Between my meetups, masterminds, and reading online, I caught on that I wasn’t alone in the struggle of analyzing deals. People were tired of keeping brokers and sellers waiting while they struggled with a homemade spreadsheet, so, I decided to release MogulTool as an affordable solution to a serious pain point in real estate investing.

I know that you will be able to find immeasurable value in this tool, just as countless other investors have, and appreciate your support and business as I work my way up!