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ASK MIKE MONDAYS - How do you buy you first apartment transaction?

ASK MIKE MONDAYS - How do you buy you first apartment transaction?

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 β€œwin” on the board.

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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 | 6 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 β€œwin” 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 β€œwin” on the board.
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 - 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 | 7 years ago
What kills a transaction right off the bat? Michael only buys in β€˜specific’ areas and will not compromise on the asset location or quality. Even though it might be tempting…don’t buy in the β€˜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 β€˜specific’ areas and will not compromise on the asset location or quality. Even though it might be tempting…don’t buy in the β€˜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 - When underwriting a transaction; what ASSUMPTIONS do you use? Do you use a sensit...
ASK MIKE MONDAYS - When underwriting a transaction; what ASSUMPTIONS do you use? Do you use a sensit...
ASK MIKE MONDAYS - When underwriting a transaction; what ASSUMPTIONS do you use? Do you use a sensit...
ASK MIKE MONDAYS - When underwriting a transaction; what ASSUMPTIONS do you use? Do you use a sensit...
oldcapitalpodcast oldcapitalpodcast | 6 years ago
Michael and Jonathan Ferrell discuss the economic assumptions that investors must make when purchasing a property.
Michael and Jonathan Ferrell discuss the economic assumptions that investors must make when purchasing a property.
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 - Would you build an apartment building?
ASK MIKE MONDAYS - Would you build an apartment building?
ASK MIKE MONDAYS - Would you build an apartment building?
ASK MIKE MONDAYS - Would you build an apartment building?
oldcapitalpodcast oldcapitalpodcast | 6 years ago
Michael gives reasons on why he would NOT build large apartments at this time.
Michael gives reasons on why he would NOT build large apartments at this time.
Ask Mike Mondays - When rehabbing a value-added property; where do you start first?
Ask Mike Mondays - When rehabbing a value-added property; where do you start first?
Ask Mike Mondays - When rehabbing a value-added property; where do you start first?
Ask Mike Mondays - When rehabbing a value-added property; where do you start first?
oldcapitalpodcast oldcapitalpodcast | 7 years ago
Always have a physical due diligence report done BEFORE you buy the property. Make sure that you understand the rental submarket and the tenant demographics. Rely upon the information from a qualified property management company that operates in the same submarket. Don’t over improve the asset too much for the submarket; if the market doesn’t recognize the improvement (pay you more rent) you could have thrown good money after a bad idea. Listen to Michael's thoughts
Always have a physical due diligence report done BEFORE you buy the property. Make sure that you understand the rental submarket and the tenant demographics. Rely upon the information from a qualified property management company that operates in the same submarket. Don’t over improve the asset too much for the submarket; if the market doesn’t recognize the improvement (pay you more rent) you could have thrown good money after a bad idea. Listen to Michael's thoughts
ASK MIKE MONDAYS - How do I avoid getting my apartment foreclosed upon? What are the BEST OPERATING ...
ASK MIKE MONDAYS - How do I avoid getting my apartment foreclosed upon? What are the BEST OPERATING ...
ASK MIKE MONDAYS - How do I avoid getting my apartment foreclosed upon? What are the BEST OPERATING ...
ASK MIKE MONDAYS - How do I avoid getting my apartment foreclosed upon? What are the BEST OPERATING ...
oldcapitalpodcast oldcapitalpodcast | 7 years ago
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles: ASK MIKE MONDAYS: β€œM...
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles: ASK MIKE MONDAYS: β€œM...
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles: ASK MIKE MONDAYS: β€œM...
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles: ASK MIKE MONDAYS: β€œM...
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 β€œgreen 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 β€œgreen 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, how do you get comfortable with putting HARD EARNEST MONEY into the tran...
ASK MIKE MONDAYS - Michael, how do you get comfortable with putting HARD EARNEST MONEY into the tran...
ASK MIKE MONDAYS - Michael, how do you get comfortable with putting HARD EARNEST MONEY into the tran...
ASK MIKE MONDAYS - Michael, how do you get comfortable with putting HARD EARNEST MONEY into the tran...
oldcapitalpodcast oldcapitalpodcast | 5 years ago
Your seller may require you to prove that you are a serious buyer by demanding a large amount of initial earnest money up front. This money could be at risk, IF you do not perform. The seller wants to assured that you won’t re-trade them during the sales process. Michael explains some of the paths he uses to mitigate that possible risk.
Your seller may require you to prove that you are a serious buyer by demanding a large amount of initial earnest money up front. This money could be at risk, IF you do not perform. The seller wants to assured that you won’t re-trade them during the sales process. Michael explains some of the paths he uses to mitigate that possible risk.