ASK MIKE MONDAYS - Can you force the seller to keep their FOOT ON THE GAS after you sign the sales contract?

You WILL HAVE A PROBLEM with your loan…if the seller does not keep their eye on management operations and rental collections between the signing of the sales contract and the closing date. Lenders can possibly cut back loan proceeds if income declines or expenses rise.

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ASK MIKE MONDAYS - Can you force the seller to keep their FOOT ON THE GAS after you sign the sales c...

oldcapitalpodcast oldcapitalpodcast | 6 years ago

ASK MIKE MONDAYS - Can you force the seller to keep their FOOT ON THE GAS after you sign the sales c...

oldcapitalpodcast oldcapitalpodcast | 6 years ago

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...

ASK MIKE MONDAYS - Michael, on an acquisition have you ever had the SELLER CARRY-BACK the loan?

oldcapitalpodcast oldcapitalpodcast | 3 years ago

Occasionally, seller financing is an option to purchase a multifamily property. The seller becomes the lender. A regional bank…or Fannie Mae is not used to finance an apartment building. Michael discusses what he is seeing today in today’s market and why or why not seller financing is used.

ASK MIKE MONDAYS - Michael, on an acquisition have you ever had the SELLER CARRY-BACK the loan?

oldcapitalpodcast oldcapitalpodcast | 3 years ago

ASK MIKE MONDAYS - Can you give me a description on how NOI is calculated?

oldcapitalpodcast oldcapitalpodcast | 6 years ago

Net Operating Income is the key metric in the multifamily world for investing and financing. The two main components are operating income and operating expenses. Mike breaks down some line items on the operating statements and tells you what you need to look for.

ASK MIKE MONDAYS - Can you give me a description on how NOI is calculated?

oldcapitalpodcast oldcapitalpodcast | 6 years ago

ASK MIKE MONDAYS - Can you talk about the various levels of property management?

oldcapitalpodcast oldcapitalpodcast | 5 years ago

When you hire a third party management company they perform several functions. 1) Accounting 2) Human Resources (employees work for the management company- not you) 3) Structured onsite and overseeing management. If you don’t hire a third party contractor to handle these specific jobs, then you are the management company and have to perform all those functions.