How we underwrite
Four steps. The same ones we run every week on our own pipeline.
01
Source
Weekly sweep of tax records, probate filings, and foreclosure dockets, plus Bright MLS. Much of what we bid on never reaches the open market.
02
Underwrite
Comps, repair budget, rent, and financing modeled before anyone falls in love with a kitchen. Every deal gets the same one-page underwrite.
03
Offer
A written offer ladder with a walk-away number agreed up front. Back-up positions where the first contract looks shaky.
04
Operate
We arrange licensed property management and lease-up, then run the annual hold-or-sell review with you. Owning is where the return actually happens.
02The one-page underwrite · complimentary
Every deal gets the same sheet. You see it before you decide.
Purchase price, repairs, after-repair value, rent, debt coverage, cash-on-cash return, and a walk-away price. Plain numbers, our assumptions listed, nothing hidden in a spreadsheet tab. Complimentary, with no obligation to buy through Coregia.
Figures are filled in for your property; the layout is what every client receives.
Sample · Bowie REO rambler
Layout
Purchase price—
Repair budget—
After-repair value—
Market rent— / mo
Debt coverage (DSCR)—
Cash-on-cash, year 1—
Assumptions we show you
Comps used, vacancy, management fee, taxes and insurance, rate quoted, and the walk-away price.
Who this is built for
First rental buyer
You have the down payment and the nerve. You need the underwriting, the contractor bench, and someone who has done it.
Overseas investor
Buying from Lagos, London, Toronto, or Houston. Foreign-national financing, remote closing, and management once you own it.
Portfolio owner
Two to ten doors and no time. Annual hold-or-sell review, refinance timing, and disposition when a unit stops earning its keep.
Owner in a hard spot
An inherited house, a tenant who will not leave, or a sale on a deadline. We lay out every exit, including the ones that do not involve us.
Order a Deal Underwrite.
Send the address and the price. The one-page underwrite comes back within two weeks, whether or not we think you should buy it. Complimentary. See a real underwrite, address withheld.