“I've seen million-dollar, $2 million differences in evaluations based on the same OM and T12s.”

Frank Patilano · Ironclad Underwriting Podcast · Two Underwriters, One Deal: Why Real Estate Valuations Differ

Play from 6:47
6:47

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What was described

Observed valuation swings from different underwriters

$1-2 million differences on the same deal

Said nearby on the same subject

“We send the client… six valuations from six different banks… sometimes there's like 30% discrepancy… can instantly go and pull out more equity and invest again”
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Pat Noll
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“I had to switch accountants last year… one accountant… $350,000… another said I owed $40,000… got me back $40,000… $80,000 swing.”
FP
Frank Patilano
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Hard number $350,000 paid to IRS, $40,000 additional owed, $80,000 swing in refund Share this moment
“That's a $175 billion valuation… only two big producers… they have a big partnership with Blue Origin… valuation is super cheap”
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Why it worked $175 B valuation Share this moment
“They sell the shrimp for about a dollar a pop to anybody who wants to swing by and pick some up.”
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Said on The Daily
Business model $1 per shrimp Share this moment

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