ASK MIKE MONDAYS - When negotiating a purchase sales contrac...

oldcapitalpodcast oldcapitalpodcast | 5 years ago

In today’s highly competitive apartment sales market, you must be a good negotiator to get what you want. Michael explains some sticking points that he has come across in the past.

ASK MIKE MONDAYS: “Mike, what POSITIVE things are you seeing today in APARTMENTLAND?”

Nationwide Commercial Real Est... Nationwide Commercia... | 9 months 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 - 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 force the seller to keep their FOOT ON THE GAS after you sign the sales c...

oldcapitalpodcast oldcapitalpodcast | 5 years ago

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.

ASK MIKE MONDAYS -What can I expect when a building catches on fire?

oldcapitalpodcast oldcapitalpodcast | 6 years ago

ASK MIKE MONDAYS - What are the TOP LOAN PITFALLS? Can you give me an example or two?

oldcapitalpodcast oldcapitalpodcast | 5 years ago

Michael explains some of the obstacles that may trip you up when applying for a commercial real estate loan. You have too much at risk- financial & reputation risk, not to understand some of the hurdles you may encounter.

Ask Mike Mondays - When rehabbing a value-added property; where do you start first?

oldcapitalpodcast oldcapitalpodcast | 6 years ago

Always have a physical due diligence report done BEFORE you buy the property. Make sure that you understand the rental submarket and the tenant demographics. Rely upon the information from a qualified property management company that operates in the same submarket. Don’t over improve the asset too much for the submarket; if the market doesn’t recognize the improvement (pay you more rent) you could have thrown good money after a bad idea. Listen to Michael's thoughts

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 ...

What you need to know about backing out of a home purchase when you’re under contract

Broadcast Media Production and... Broadcast Media Prod... | 10 months ago

If you're a prospective homebuyer who is having second thoughts, you're not alone. About 15% of all home contracts fell through in June, marking the highest share of cancellations since March 2020 — the start of the pandemic — when it was 17.6%, according to real estate brokerage Redfin. A year ago, the share was 11.2%. Yet before you join the ranks of buyers who walk away from a deal in progress, it's important to consider if it will cost you to do so. Or, if you have yet to sign an initial...

ASK MIKE MONDAYS - When negotiating a purchase sales contract; can you give me couple of examples of deal points that the seller or the buyer wanted- that you didn’t want to give? How did you negotiate through it?

ASK MIKE MONDAYS - When negotiating a purchase sales contract; can you give me couple of examples of deal points that the seller or the buyer wanted- that you didn’t want to give? How did you negotiate through it?

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ASK MIKE MONDAYS - When negotiating a purchase sales contract; can you give me couple of examples of deal points that the seller or the buyer wanted- that you didn’t want to give? How did you negotiate through it?

ASK MIKE MONDAYS - When negotiating a purchase sales contract; can you give me couple of examples of deal points that the seller or the buyer wanted- that you didn’t want to give? How did you negotiate through it?