Which Asset Class Will Suffer Most Post-Pandemic?

ASK MIKE MONDAYS - Michael, what asset class is going to take the biggest hit; A, B, C after this pa...

oldcapitalpodcast oldcapitalpodcast | 3 years ago

Michael Becker discusses what he is seeing in the apartment investing market today. Michael Becker has purchased over 10,000 apartment units between Dallas and Austin Texas. He is a former commercial banker and has a unique perspective of being of a ‘loaner’ and now a “owner” of commercial real estate. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

ASK MIKE MONDAYS - Michael, what should an ASSET MANAGER do?

oldcapitalpodcast oldcapitalpodcast | 5 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...

Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles: Ask Mike Mondays: “M...

Nationwide Commercial Real Est... Nationwide Commercia... | 1 year ago

Mike gives us an update on what to expect when you are raising capital to fund a transaction. First- it was higher interest rates, Second- it was the seller and the buyer not knowing the current value of property because cap rates have expanded, And Now, its raising equity to fund a deal. Are there LP’s wanting to invest? Michael chats about how a typical capital raise is going today. Listen to the guy that has acquired over 14,000 apartment units. Are you interested in learning more about h...

ASK MIKE MONDAYS - Michael, What is a LURA?

oldcapitalpodcast oldcapitalpodcast | 5 years ago

To promote affordable housing, some older properties may have an income restricted LURA. A LURA is a LAND USE RESTRICTION AGREEMENT. It runs with the deed. This recorded regulatory agreement may restrict the amount of rent you can charge a tenant, based on the tenant’s income. If you rehab a property and are expecting to increase rents to justify the cost…a LURA may prevent you from being able to raise rents in the future. Make sure you ask the seller’s agent if the property has a LURA.

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...

Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles: ASK MIKE MONDAYS: “S...

Nationwide Commercial Real Est... Nationwide Commercia... | 1 year ago

Boy, it is hot out there! We know the outside air temperature is red-hot during a Texas summer; but is the apartment investing market starting to cool off- is a deep freeze coming? Mike confirms that the fundamentals of apartment ownership are still very strong. Great occupancy and good rental growth are still being observed with apartments… but the head winds within the capital markets- through higher interest rates and lower loan leverage- have made a few potential apartment buyers uneasy. M...

ASK MIKE MONDAYS - Michael, can you define what KEY PRINCIPAL is?

oldcapitalpodcast oldcapitalpodcast | 4 years ago

Michael discusses and defines the term: KEY PRINCIPAL and how it applies to commercial real estate lending. The lender makes the loan to the Borrower. The Borrower is not typically an individual; but typically a limited partnership. Generally, where the Borrower is a limited partnership, the general partners are the managers of the Partnership. Thus, individuals general partners are potential Key Principals. For any general partner of the Borrower which is an entity, the Lender must identify as ...

oldcapitalpodcast oldcapitalpodcast | 4 years ago

Michael discusses and defines the term: KEY PRINCIPAL and how it applies to commercial real estate lending. The lender makes the loan to the Borrower. The Borrower is not typically an individual; but typically a limited partnership. Generally, where the Borrower is a limited partnership, the general partners are the managers of the Partnership. Thus, individuals general partners are potential Key Principals. For any general partner of the Borrower which is an entity, the Lender must identify as ...

ASK MIKE MONDAYS - “Michael, when you first got into multifamily- What was the biggest MISTAKE you...

oldcapitalpodcast oldcapitalpodcast | 2 years ago

Michael explains the LARGEST and COSTLIEST mistake he made in buying multifamily: mismatching his mortgage debt with his business plan. The future is not clear- so you must use past experiences to make future business decisions. Michael thought choosing a longer-term fixed rate loan, with the expectations of interest rates rising in the future, would be a prudent business decision. Unfortunately, it was not. His loan was 10 years…but his business plan was to only keep the property for 3-5 year...

ASK MIKE MONDAYS - What is the State of the Market?

oldcapitalpodcast oldcapitalpodcast | 6 years ago

Top of the market (A+ institutional construction) is getting a little frothy in the urban core and suburban markets throughout the nation. Spread between the A property and C property is flatting on the cap rates. Coming out of the 2008 recession the A’s recovered first and then the B’s and C’s followed. The cap rates between the different property types have compressed tremendously. Mike gives his insight on why his group is focusing on the “top of the work force housing” space.

ASK MIKE MONDAYS - Michael, what asset class is going to take the biggest hit; A, B, C after this pandemic?

ASK MIKE MONDAYS - Michael, what asset class is going to take the biggest hit; A, B, C after this pandemic?

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ASK MIKE MONDAYS - Michael, what asset class is going to take the biggest hit; A, B, C after this pandemic?

ASK MIKE MONDAYS - Michael, what asset class is going to take the biggest hit; A, B, C after this pandemic?