ASK MIKE MONDAYS - What are the personal income requirements to invest in a real estate transaction? Listen how Michael interprets the question.

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

Old Capital Podcast Old Capital Podcast | 3 years ago

When you buy a single family house, AND AFTER THE LOAN CLOSES, your lender will not continuously ask for your updated paychecks, bank statements and annual income tax returns. BUT...in apartment transactions…you lender is your single largest partner and needs continuous financial performance information on you and the asset either on a quarterly or annual basis. Updated operating statements, rent rolls, rehab construction updates, immediate health and safety concerns, updated personal financia...

Mike Smith named CFO of Doma

HousingWire HousingWire | 8 months ago

Doma named former chief accounting officer Mike Smith as its chief financial officer, solidifying the acting CFO role he'd recently taken on. The post Mike Smith named CFO of Doma appeared first on HousingWire.

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

Old Capital Podcast Old Capital Podcast | 4 years ago

Michael gives specific examples on what to consider when assessing a property that’s in a little tougher area of town.

ASK MIKE MONDAYS - How difficult is it to ASSUME a FANNIE MAE loan? What is a SUPPLEMENTAL loan?

Old Capital Podcast Old Capital Podcast | 6 years ago

A unique feature with a Fannie Mae loan is the ability to assume the existing loan from the seller and then apply for a new subordinated loan to get max leverage. Mike explains the additional benefits and needed structure of applying for a Fannie Mae assumption & supplemental loan.

ASK MIKE MONDAYS - Michael, I listened to an apartment guru recently and he spoke about cost segrega...

Old Capital Podcast Old Capital Podcast | 3 years ago

Michael discusses another reason to invest in commercial real estate. Bonus depreciation can have a great impact on you. Please chat with your personal financial adviser or tax professional on what investing into a “hard asset” can do for you.

ASK MIKE MONDAYS - Michael Becker is interviewed by SVN’s apartment agent Mark Allen

Old Capital Podcast Old Capital Podcast | 5 years ago

Mark Allen is with SVN’s office in Dallas. He is a licensed apartment Realtor and has a podcast focused to apartment buyers. Mark interviews Michael Becker on the challenges of deal flow.

ASK MIKE MONDAYS - Michael, my property taxes and insurance keep going up; how do you fight to get l...

Old Capital Podcast Old Capital Podcast | 2 years ago

Michael discusses the two largest line item expenses…taxes and insurance. It seems like every year these two operating expenses rise. What do you do? 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 former ‘loaner- of money’ 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, how do you get comfortable with putting HARD EARNEST MONEY into the tran...

Old Capital Podcast Old Capital Podcast | 4 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.

ASK MIKE MONDAYS - When underwriting a transaction; what ASSUMPTIONS do you use? Do you use a sensit...

Old Capital Podcast Old Capital Podcast | 5 years ago

Michael and Jonathan Ferrell discuss the economic assumptions that investors must make when purchasing a property.

ASK MIKE MONDAYS - Michael, interest rates are incredibly low; should I lock in a long term fixed ra...

Old Capital Podcast Old Capital Podcast | 3 years ago

Michael explains that todays low rate environment can benefit many apartment buyers with lower debt costs, BUT will exponentially increase the yield maintenance prepayment penalty costs for sellers. Lower rates may mean more loan assumptions in the future to avoid the yield maintenance cost.