Acquisitions & Underwriting Associate

About the RoleWe are seeking an Acquisitions & Underwriting Associate to support our deal flow for 1-4 unit and 8-20 unit real estate deals. This is a hands-on, detail-oriented role covering the entire lifecycle from sourcing and underwriting to lender packaging and post-closing support.

Responsibilities

1–4 Unit Deals
* Sourcing:Build micro-lists by zip code, targeting absentee and inherited owners, probate, code violations, evictions, utility shutoffs, and tax delinquencies.Conduct direct-to-owner campaigns via calls, texts, mail, and door-knocking, and track hit rates and appointments.Maintain relationships with wholesalers, agents, and auctions, and regularly follow up on expired/withdrawn listings.
Sourcing:
* Build micro-lists by zip code, targeting absentee and inherited owners, probate, code violations, evictions, utility shutoffs, and tax delinquencies.
Build micro-lists by zip code, targeting absentee and inherited owners, probate, code violations, evictions, utility shutoffs, and tax delinquencies.
* Conduct direct-to-owner campaigns via calls, texts, mail, and door-knocking, and track hit rates and appointments.
Conduct direct-to-owner campaigns via calls, texts, mail, and door-knocking, and track hit rates and appointments.
* Maintain relationships with wholesalers, agents, and auctions, and regularly follow up on expired/withdrawn listings.
Maintain relationships with wholesalers, agents, and auctions, and regularly follow up on expired/withdrawn listings.
* Underwriting:Perform quick screens in 15 minutes and full underwriting within 24 hours.Pull tight LTARV comps, enforce a ≤70% LTARV buy box, and assume 5% seller credits.Verify scope, turn timeline, and rehab cost benchmarks, documenting all risk items.Conduct tax, insurance, flood, and zoning checks, and prepare offer packages with price and term levers.
Underwriting:
* Perform quick screens in 15 minutes and full underwriting within 24 hours.
Perform quick screens in 15 minutes and full underwriting within 24 hours.
* Pull tight LTARV comps, enforce a ≤70% LTARV buy box, and assume 5% seller credits.
Pull tight LTARV comps, enforce a ≤70% LTARV buy box, and assume 5% seller credits.
* Verify scope, turn timeline, and rehab cost benchmarks, documenting all risk items.
Verify scope, turn timeline, and rehab cost benchmarks, documenting all risk items.
* Conduct tax, insurance, flood, and zoning checks, and prepare offer packages with price and term levers.
Conduct tax, insurance, flood, and zoning checks, and prepare offer packages with price and term levers.
* Lender Outreach / Packaging:Maintain and update a list of lenders for flips/bridge lines, noting their appetite, fees, draws, and seasoning requirements.Assemble all intake documents, including a summary memo, comps, budget/scope, timeline, and entity documents.Manage the data room and coordinate appraisal/BPO, and set up draws with the lender (SOV, waivers, photos).
Lender Outreach / Packaging:
* Maintain and update a list of lenders for flips/bridge lines, noting their appetite, fees, draws, and seasoning requirements.
Maintain and update a list of lenders for flips/bridge lines, noting their appetite, fees, draws, and seasoning requirements.
* Assemble all intake documents, including a summary memo, comps, budget/scope, timeline, and entity documents.
Assemble all intake documents, including a summary memo, comps, budget/scope, timeline, and entity documents.
* Manage the data room and coordinate appraisal/BPO, and set up draws with the lender (SOV, waivers, photos).
Manage the data room and coordinate appraisal/BPO, and set up draws with the lender (SOV, waivers, photos).

8–20 Unit Deals
* Sourcing:Build owner lists for target submarkets and execute weekly call, text, email, and mail cadences.Conduct direct-to-owner outreach and build relationships with brokers/agents.Pull public-record signals such as violations, permits, and liens.Perform field tours and quick site checks to confirm unit count, condition, and market-rate rents.
Sourcing:
* Build owner lists for target submarkets and execute weekly call, text, email, and mail cadences.
Build owner lists for target submarkets and execute weekly call, text, email, and mail cadences.
* Conduct direct-to-owner outreach and build relationships with brokers/agents.
Conduct direct-to-owner outreach and build relationships with brokers/agents.
* Pull public-record signals such as violations, permits, and liens.
Pull public-record signals such as violations, permits, and liens.
* Perform field tours and quick site checks to confirm unit count, condition, and market-rate rents.
Perform field tours and quick site checks to confirm unit count, condition, and market-rate rents.
* Underwriting:Normalize T-12s and rent rolls, and verify utility bills and vendor contracts.Conduct neighborhood-level rent comps and update expense assumptions.Value properties via NOI and local cap rates, and stress DSCR a