oldcapitalpodcast |
4 years ago
Report post
Report user
Block user
oldcapitalpodcast

ASK MIKE MONDAYS: Michael, how do you DE-RISK an apartment transaction?

ASK MIKE MONDAYS: Michael, how do you DE-RISK an apartment transaction?

Today, many sellers and listing agents require buyers to put a substantial amount of NON REFUNDABLE earnest money up front…BEFORE they do certain due diligence analysis. As you can imagine, the seller wants to make sure you are financially committed to the transaction without the risk of a future re-trade. Michael explains how he gets comfortable on putting significant hard earnest money upfront on an apartment acquisition.

You can contact us to get more choices
0
0
0
You can contact us to get more choices
Related posts
ASK MIKE MONDAYS: Michael, how do you DE-RISK an apartment transaction?
ASK MIKE MONDAYS: Michael, how do you DE-RISK an apartment transaction?
ASK MIKE MONDAYS: Michael, how do you DE-RISK an apartment transaction?
ASK MIKE MONDAYS: Michael, how do you DE-RISK an apartment transaction?
oldcapitalpodcast oldcapitalpodcast | 4 years ago
Today, many sellers and listing agents require buyers to put a substantial amount of NON REFUNDABLE earnest money up front…BEFORE they do certain due diligence analysis. As you can imagine, the seller wants to make sure you are financially committed to the transaction without the risk of a future re-trade. Michael explains how he gets comfortable on putting significant hard earnest money upfront on an apartment acquisition.
Today, many sellers and listing agents require buyers to put a substantial amount of NON REFUNDABLE earnest money up front…BEFORE they do certain due diligence analysis. As you can imagine, the seller wants to make sure you are financially committed to the transaction without the risk of a future re-trade. Michael explains how he gets comfortable on putting significant hard earnest money upfront on an apartment acquisition.
ASK MIKE MONDAYS: Michael, how do you DE-RISK an apartment transaction?
ASK MIKE MONDAYS: Michael, how do you DE-RISK an apartment transaction?
ASK MIKE MONDAYS: Michael, how do you DE-RISK an apartment transaction?
ASK MIKE MONDAYS: Michael, how do you DE-RISK an apartment transaction?
oldcapitalpodcast oldcapitalpodcast | 4 years ago
Today, many sellers and listing agents require buyers to put a substantial amount of NON REFUNDABLE earnest money up front…BEFORE they do certain due diligence analysis. As you can imagine, the seller wants to make sure you are financially committed to the transaction without the risk of a future re-trade. Michael explains how he gets comfortable on putting significant hard earnest money upfront on an apartment acquisition.
Today, many sellers and listing agents require buyers to put a substantial amount of NON REFUNDABLE earnest money up front…BEFORE they do certain due diligence analysis. As you can imagine, the seller wants to make sure you are financially committed to the transaction without the risk of a future re-trade. Michael explains how he gets comfortable on putting significant hard earnest money upfront on an apartment acquisition.
ASK MIKE MONDAYS - How do you buy you first apartment transaction?
ASK MIKE MONDAYS - How do you buy you first apartment transaction?
ASK MIKE MONDAYS - How do you buy you first apartment transaction?
ASK MIKE MONDAYS - How do you buy you first apartment transaction?
oldcapitalpodcast oldcapitalpodcast | 5 years ago
Michael understands your first transaction is the toughest. Michael owns over 5200 units, but the toughest one was going from ZERO to ONE. Michael gives you the insight on what you should do to get a “win” on the board.
Michael understands your first transaction is the toughest. Michael owns over 5200 units, but the toughest one was going from ZERO to ONE. Michael gives you the insight on what you should do to get a “win” on the board.
ASK MIKE MONDAYS - How do you buy you first apartment transaction?
ASK MIKE MONDAYS - How do you buy you first apartment transaction?
ASK MIKE MONDAYS - How do you buy you first apartment transaction?
ASK MIKE MONDAYS - How do you buy you first apartment transaction?
oldcapitalpodcast oldcapitalpodcast | 5 years ago
Michael understands your first transaction is the toughest. Michael owns over 5200 units, but the toughest one was going from ZERO to ONE. Michael gives you the insight on what you should do to get a “win” on the board.
Michael understands your first transaction is the toughest. Michael owns over 5200 units, but the toughest one was going from ZERO to ONE. Michael gives you the insight on what you should do to get a “win” on the board.
ASK MIKE MONDAYS - Why would you PASS on an apartment transaction?
ASK MIKE MONDAYS - Why would you PASS on an apartment transaction?
ASK MIKE MONDAYS - Why would you PASS on an apartment transaction?
ASK MIKE MONDAYS - Why would you PASS on an apartment transaction?
oldcapitalpodcast oldcapitalpodcast | 6 years ago
What kills a transaction right off the bat? Michael only buys in ‘specific’ areas and will not compromise on the asset location or quality. Even though it might be tempting…don’t buy in the ‘hood. Michael’s investing advice is that you must define the submarket that you want to make a position in. Michael describes what the buying environment is like in Dallas today.
What kills a transaction right off the bat? Michael only buys in ‘specific’ areas and will not compromise on the asset location or quality. Even though it might be tempting…don’t buy in the ‘hood. Michael’s investing advice is that you must define the submarket that you want to make a position in. Michael describes what the buying environment is like in Dallas today.
ASK MIKE MONDAYS - Why would you PASS on an apartment transaction?
ASK MIKE MONDAYS - Why would you PASS on an apartment transaction?
ASK MIKE MONDAYS - Why would you PASS on an apartment transaction?
ASK MIKE MONDAYS - Why would you PASS on an apartment transaction?
oldcapitalpodcast oldcapitalpodcast | 6 years ago
What kills a transaction right off the bat? Michael only buys in ‘specific’ areas and will not compromise on the asset location or quality. Even though it might be tempting…don’t buy in the ‘hood. Michael’s investing advice is that you must define the submarket that you want to make a position in. Michael describes what the buying environment is like in Dallas today.
What kills a transaction right off the bat? Michael only buys in ‘specific’ areas and will not compromise on the asset location or quality. Even though it might be tempting…don’t buy in the ‘hood. Michael’s investing advice is that you must define the submarket that you want to make a position in. Michael describes what the buying environment is like in Dallas today.
ASK MIKE MONDAYS- Michael, how do you prepare for a TAKEOVER of an apartment building?
ASK MIKE MONDAYS- Michael, how do you prepare for a TAKEOVER of an apartment building?
ASK MIKE MONDAYS- Michael, how do you prepare for a TAKEOVER of an apartment building?
ASK MIKE MONDAYS- Michael, how do you prepare for a TAKEOVER of an apartment building?
oldcapitalpodcast oldcapitalpodcast | 4 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.
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, how do you prepare for a TAKEOVER of an apartment building?
ASK MIKE MONDAYS- Michael, how do you prepare for a TAKEOVER of an apartment building?
ASK MIKE MONDAYS- Michael, how do you prepare for a TAKEOVER of an apartment building?
ASK MIKE MONDAYS- Michael, how do you prepare for a TAKEOVER of an apartment building?
oldcapitalpodcast oldcapitalpodcast | 4 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.
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: “Mike, what POSITIVE things are you seeing today in APARTMENTLAND?”
ASK MIKE MONDAYS: “Mike, what POSITIVE things are you seeing today in APARTMENTLAND?”
ASK MIKE MONDAYS: “Mike, what POSITIVE things are you seeing today in APARTMENTLAND?”
ASK MIKE MONDAYS: “Mike, what POSITIVE things are you seeing today in APARTMENTLAND?”
Nationwide Commercial Real Est... Nationwide Commercia... | 1 year 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...
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 - Michael, what should an ASSET MANAGER do?
ASK MIKE MONDAYS - Michael, what should an ASSET MANAGER do?
ASK MIKE MONDAYS - Michael, what should an ASSET MANAGER do?
ASK MIKE MONDAYS - Michael, what should an ASSET MANAGER do?
oldcapitalpodcast oldcapitalpodcast | 4 years ago
An asset manager oversees the property on behalf of the investors. They report any financial or physical changes (good or bad) to the general partner. They help in managing a solution. When you own a small property (10-30 units) you are the ASSET MANAGER…. When you purchase a larger property or own more apartment communities, you may need to hire an asset manager. Remember, your job, as a general partner is to find more apartment purchase opportunities and find more equity. An asset manager wi...
An asset manager oversees the property on behalf of the investors. They report any financial or physical changes (good or bad) to the general partner. They help in managing a solution. When you own a small property (10-30 units) you are the ASSET MANAGER…. When you purchase a larger property or own more apartment communities, you may need to hire an asset manager. Remember, your job, as a general partner is to find more apartment purchase opportunities and find more equity. An asset manager wi...