ASK MIKE MONDAYS - Michael, I just recently sold a property that I owned 100%…and did a 1031 Exchange transaction and now I want to invest into an apartment syndication; can I do that?

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.

Full Article

You can contact us to get more choices

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 - 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 - Michael, I just scheduled an appointment with the listing agent to walk a multifa...

oldcapitalpodcast oldcapitalpodcast | 5 years ago

After reviewing the initial underwriting and if you think it works for you and your investors…it becomes necessary to physically walk the property. Most listing agents require you to walk the property PRIOR to submitting a LETTER OF INTENT for purchase. The listing agent wants to make sure that you and your equity have had a chance to understand the physical needs of the property before they will consider LOI seriously. Michael discusses what you need to pay attention to when walking the prope...

ASK MIKE MONDAYS - Michael, I just scheduled an appointment with the listing agent to walk a multifa...

oldcapitalpodcast oldcapitalpodcast | 5 years ago

ASK MIKE MONDAYS- “Michael, I don’t want to SOUND LIKE A ROOKIE; what questions should I ask the...

oldcapitalpodcast oldcapitalpodcast | 2 years ago

Nobody wants to sound like a rookie when they first enter the apartment business. Especially when having an initial conversation with an important listing broker. Michael, gives you some preliminary questions to ask. Also, when should you bring in your property management company or the lender to review the deal? Finding the right balance on WHEN you should bring in your advisors is critical to your success. In addition, Michael offers you a few examples of when he stumbled in operating apartmen...

ASK MIKE MONDAYS- “Michael, I don’t want to SOUND LIKE A ROOKIE; what questions should I ask the...

oldcapitalpodcast oldcapitalpodcast | 2 years ago

ASK MIKE MONDAYS - Michael, how can I negotiate with the lender on a PCA report? (Property Condition...

oldcapitalpodcast oldcapitalpodcast | 4 years ago

When you purchase an apartment building, your lender typically requires a PCA. (Property Condition Assessment). The PCA is the eyes and ears for the lender. Yes, the appraisal verifies the value, but the PCA identifies health and safety issues on the property. Can someone get hurt on your property because of the existing deferred maintenance. It also determines the amount replacement reserves that the lender will need to collect with your monthly payment. Michael, discusses items that you need t...

ASK MIKE MONDAYS - Michael, I am thinking of investing into a mix-use property; what do you think?

oldcapitalpodcast oldcapitalpodcast | 5 years ago

Many apartments may have retail or office space included within an apartment structure. A small grocery store, a coffee shop, or a nail salon can be the typical retail store you may find attached to the apartment building. Mike explains what to look for when purchasing a mix-use property.