Save this and fill it in at year end. A year with zero closings can still be a year of work. One investor’s reported funnel for a single year: 1,748 screened 229 underwritten 63 offers 5 best and final 0 closed Why count every stage: ✅ Screened shows how much deal flow you’re actually seeing. ✅ Underwritten shows how many were worth a real look. ✅ Offers and best and final show where you’re competitive. ✅ What closed, or didn’t, shows where your bar sits against the market. The author doesn’t call that a failed year of underwriting. Every pass is a deal that didn’t clear the bar. 📖 Full breakdown on the MSA blog 🔗 msadatainsights.com/blog/how-to-build-1000-unit-multifamily-portfolio 🎓 We break down concepts like this using real underwriting examples in the FREE MSA Deal Room every Saturday at 9:00 AM PT. 📍 For more underwriting tips, visit: 🔗 msadatainsights.com/dealroom 🚨 For our latest investment opportunity, visit: 🔗 xsitecapital.com #multifamily #underwriting #realestateinvesting #commercialrealestate #apartmentinvesting #acquisitions #dealflow - @mannyawasom