Become a Deal Sponsor

oldcapitalpodcast oldcapitalpodcast | 7 years ago

What happens first; raise the investors money or find a building? Or is it vice versa? Before you do either, you must understand what it takes to be the managing member (responsible party) to operate an apartment building. Michael explains how a deal syndication works and being transparent with your investing partners.

ASK MIKE MONDAYS - Michael, how long does it take to be educated, prepared and confident to become a...

oldcapitalpodcast oldcapitalpodcast | 4 years ago

Successful investors send back road maps to folks following them. Michael, discusses some steps that you need to follow. How do you go faster? Having the right mentor can significantly reduce the time it takes to go faster. Learn from educators that have real life experience in apartment investing will help you from making bad and costly mistakes.

ASK MIKE MONDAYS - What steps does Michael take to PROVE UP his OPERATING PROFORMA when doing initia...

oldcapitalpodcast oldcapitalpodcast | 6 years ago

When you put an initial PROFORMA- you have to make ASSUMPTIONS on the initial market rents and operating expenses. Michael examines how he backs those assumptions up.

millennialhomeowner.com millennialhomeowner.... | 1 year ago

You + Sharing This = Us as Best Friends Are you wondering, “How long does it take to install a toilet?” It takes on average two hours to install or replace a toilet. This includes removing the old toilet (if necessary), putting in the new one, and reconnecting the water supply line. If you’re trying to replace a toilet yourself, be sure to read the instructions that come with your new toilet carefully before starting. In general, it is not difficult to replace a toilet. However, there...

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.

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

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...

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 - Investing in an apartment syndication? What PASSIVE INVESTORS MUST ASK DEAL SPONS...

oldcapitalpodcast oldcapitalpodcast | 5 years ago

Are you looking to invest into an apartment syndication? Most syndicators or deal sponsors will have a PRIVATE PLACEMENT MEMORADUM detailing the risks involved in investing in an apartment transaction. BUT, when listening to the deal sponsors pitch, you must ask a few questions also. Michael explains some of the simple questions that passive investors MUST ask the managing member or deal sponsor. Your money is important to you; so you need to understand the deal sponsors past track record in apa...

How Long Does it Take to Install Carpet?

millennialhomeowner.com millennialhomeowner.... | 1 year ago

You + Sharing This = Us as Best Friends If you are a busy person that maintains a tight schedule, something like installing a new carpet might prove to be a daunting task. You may wonder, “How long does it take to install carpet?” Having a new carpet installed in your home can be fun. The process of choosing the perfect carpet, picking out the right color and style, and having it installed by professionals can be very satisfying. After the work is completed, you can enjoy the look and fe...