ASK MIKE MONDAYS - What are the normal minimum investment am...

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

Nationwide Commercial Real Est... Nationwide Commercia... | 7 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 - What are the normal minimum investment amounts (ie. $50,000 or $100,000) a deal s...

oldcapitalpodcast oldcapitalpodcast | 5 years ago

Mike gives his insight on what’s going on in multifamily in DFW. He also discusses the impact of higher labor costs for apartment rehabs due to Hurricane Harvey in south Texas.

ASK MIKE MONDAYS - What are the BIGGEST MISTAKES in owning an apartment building?

oldcapitalpodcast oldcapitalpodcast | 5 years ago

Michael has seen owners fail in executing their apartment ownership strategy. With that information, he discusses some of the common failures that may paralyze you in apartment ownership and how to overcome those obstacles.

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

oldcapitalpodcast oldcapitalpodcast | 5 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 rates of return can I expect for a multifamily investment and what ...

oldcapitalpodcast oldcapitalpodcast | 3 years ago

Michael explains the reality of investing in apartments today and what you can expect in the future. Investment expectations for investors have changed in the last few years. “Longer and Lower,” are the general themes of todays apartment investing market. Longer investing hold times with a lower rate of return can be expected.

ASK MIKE MONDAYS - Michael, What is a LURA?

oldcapitalpodcast oldcapitalpodcast | 4 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.

ASK MIKE MONDAYS - Michael, are all lender TERM SHEETS the same?

oldcapitalpodcast oldcapitalpodcast | 5 years ago

Typically, your lender brings in 75-80% of the capital needed to purchase an apartment property. Obviously the lender is very important to helping you complete the transaction. A lender term sheet gives you a rough indication of what rates and leverage could be. Michael discusses the basics of a lender term sheet. Paul also discusses the challenges of the GREEN PROGRAM in the future. FIND OUT-UP FRONT- if the seller has already implemented a utility savings program on the property. The GREEN PRO...

ASK MIKE MONDAYS- “What happened to all the ‘DOOMSAYERS’ in March? How are collections for May...

oldcapitalpodcast oldcapitalpodcast | 2 years ago

Back in March, at the beginning of the coronavirus, many apartment owners thought that rental collections would fall substantially. No Job, No Income, and then No Rent paid…made landlords very nervous. Today, rental collections on many properties have been not been affected significantly. 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 comm...

ASK MIKE MONDAYS - Michael, the holidays are upon us…what should we do for our investors?

oldcapitalpodcast oldcapitalpodcast | 3 years ago

Investors will only invest with you when they know, like and trust you. Perhaps a holiday party would be a good opportunity to build a deeper relationship with your investor. The guys discuss a “relationship building” activity that some investment groups use around the holidays.

ASK MIKE MONDAYS - What are some common EXIT STRATEGIES that you have utilized on your properties? W...

oldcapitalpodcast oldcapitalpodcast | 5 years ago

All investors must ask their DEAL SPONSOR at the beginning - How and when, am I going to get my money back? Michael explains that matching your exit strategy to your debt is very important. Also, you must understand how large prepayment penalties on apartment loans play into your decision to sell.

ASK MIKE MONDAYS - What are the normal minimum investment amounts (ie. $50,000 or $100,000) a deal sponsor will ask of their passive investors? Is an HELOC, on a single family home, counted as liquidity? What is the current state of the market?

ASK MIKE MONDAYS - What are the normal minimum investment amounts (ie. $50,000 or $100,000) a deal sponsor will ask of their passive investors? Is an HELOC, on a single family home, counted as liquidity? What is the current state of the market?

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ASK MIKE MONDAYS - What are the normal minimum investment amounts (ie. $50,000 or $100,000) a deal sponsor will ask of their passive investors? Is an HELOC, on a single family home, counted as liquidity? What is the current state of the market?

ASK MIKE MONDAYS - What are the normal minimum investment amounts (ie. $50,000 or $100,000) a deal sponsor will ask of their passive investors? Is an HELOC, on a single family home, counted as liquidity? What is the current state of the market?