Aug 25, 2025
Are you still hearing people say “pencils down”? Let’s get real—if you’re in this game, you can’t afford to step back from underwriting. In today’s episode, Nico breaks down why the “pencils down” mindset is a rookie move, and why sharpening your underwriting skills through every cycle is what separates real players from pretenders.
You’ll learn:
What “pencils down” actually means—and why it’s dangerous for investors
Why underwriting deals daily keeps you sharp and market-aware
The key metrics every investor should master (cash-on-cash, IRR, AAR, equity multiple)
How refinances can fuel your returns—tax free
Why Nico’s Multifamily Deal Blade is designed to help you underwrite every deal with clarity and confidence
Whether the market is up, down, or sideways—you can’t sit this one out. Stay informed, stay dangerous, and keep sharpening your axe.
👉 Grab Nico’s Multifamily Deal Blade here: www.smallaxecommunities.com