ASK MIKE MONDAYS - Michael, I just acquired a 9 unit apartment building and WOULD LIKE TO AIRBNB all or most of them. How can I get a Fannie Mae or Freddie Mac loan?

Michael gives his input on the AIRBNB platform in multifamily ownership. Also, he answers a separate question on the pros and cons of SECTION 8 tenants

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ASK MIKE MONDAYS - Michael, I just acquired a 9 unit apartment building and WOULD LIKE TO AIRBNB all...

oldcapitalpodcast oldcapitalpodcast | 4 years ago

Michael gives his input on the AIRBNB platform in multifamily ownership. Also, he answers a separate question on the pros and cons of SECTION 8 tenants

ASK MIKE MONDAYS - Michael, I am thinking of buying a $1 million apartment building and should I put...

oldcapitalpodcast oldcapitalpodcast | 4 years ago

Michael gives an example on apartment loan structuring and what you should consider BEFORE you lock yourself in with a future large prepayment penalty. When you are buying your first apartment building and it qualifies for a long term Freddie Mac loan, you may want to consider additional financing options if you are thinking of selling within the next 5-7 years.

ASK MIKE MONDAYS - Do I need a buyer’s broker when acquiring an apartment building?

oldcapitalpodcast oldcapitalpodcast | 4 years ago

Buyer brokers are not common in multifamily. If you are fairly new into apartment investing, you should have a buyer’s broker represent you. If you are a seasoned apartment buyer, buyer brokers are an extension of your team and will add value. They are out looking for specific transactions that meet your vision. As a general partner you should be focused on 1) raising new equity, 2) finding new transactions. Buyer brokers can assist you in finding the right transaction.

ASK MIKE MONDAYS- Michael, how do you prepare for a TAKEOVER of an apartment building?

oldcapitalpodcast oldcapitalpodcast | 3 years ago

After you have spent over 90+ days in the acquisition process…its time for you to actually own and operated your building. Michael discusses a PRE- and POST- apartment takeover strategy. If you self-manage or have a third party management team; a transition plan is critical for your immediate success.

ASK MIKE MONDAYS: Michael, I am buying an apartment building, what due diligence items should the se...

oldcapitalpodcast oldcapitalpodcast | 4 years ago

ASKING and GETTING are two different things when dealing with a seller. Michael explains what critical financial and physical information you must ask the seller to produce before your earnest money is at risk. Make sure you download Michael’s “DUE DILIGENCE CHECKLIST” at the Old Capital Podcast website at OldCapitalPodcast.com. This CHECKLIST gives you the best breakdown of items you need to review.

ASK MIKE MONDAYS - Michael, I just recently sold a property that I owned 100%…and did a 1031 Excha...

oldcapitalpodcast oldcapitalpodcast | 3 years ago

In structuring transactions; there are somethings you can do and not do…per the IRS guidelines. Michael discusses some of the in’s and out’s of doing a TENANTS IN COMMON structure.

ASK MIKE MONDAYS: “Mike, what POSITIVE things are you seeing today in APARTMENTLAND?”

Nationwide Commercial Real Est... Nationwide Commercia... | 7 months ago

As you can imagine, with interest rates rising, many apartment investors have been pencils down. Investors are concerned with lower asset value & higher debt service. Is there any good news out there? What are some of the positive ideas that are occurring in apartment investing? Mike is starting to see some positive “green shoots.” Mike discusses some of those encouraging thoughts on what he is seeing in apartment investing. Listen to the guy that has acquired over 14,000 apartment units. Ar...

ASK MIKE MONDAYS - I want to a buy an apartment building. What do I look for in the numbers?

oldcapitalpodcast oldcapitalpodcast | 4 years ago

Michael explains to a potential apartment buyer on what is important in the operating statement. Do you look at the trailing 1, trailing 3, or trailing 12? What is important? Michael talks about the importance of analyzing the trend line of income and expenses.