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

In today’s episode, I break down exactly why now is the moment to buy multifamily real estate—even in a shaky market.

I share what I’m seeing on the ground: sellers getting nervous, buyers pulling out, and deals coming back to the table at massive discounts. We’ll talk about:

• Why valuations are down 30–40% from 2022 levels

• How capital calls and struggling syndications are shaping today’s market

• The importance of locking in fixed-rate debt

• What to do if you don’t have capital right now (and how to build the right investor relationships)

• Why my Deal Blade analyzer can help you underwrite quickly, accurately, and confidently

If you’ve been waiting for the “right time” to jump in, this might be it. Deals are out there—you just need the tools, the confidence, and the network to take advantage.

👉 Grab my Deal Blade analyzer for just $49 at smallaxecommunities.com and join the private Facebook group to connect with other serious investors.

After three years, countless versions, and real-world testing on actual deals, I’m finally ready to launch my Multifamily Deal Blade—the exact analyzer I use to underwrite properties in minutes with accuracy and confidence.

In this episode, I walk you step-by-step through the tool, showing you how it works, what metrics it tracks, and how it can help you cut through the noise to focus on what matters most: cash flow, risk, and returns.

Whether you’re brand new or a seasoned pro, this tool will make you faster, sharper, and more dangerous in the multifamily space. I’m also giving you access to my new Facebook group where you can get support, ask questions, and master deal analysis with other serious investors.

Get the Multifamily Deal Blade here:
👉 smallaxecommunities.com/dealanalyzer

Stop guessing your numbers. Start analyzing like a pro.