ASK MIKE MONDAYS - Would you build an apartment building?
ASK MIKE MONDAYS - Would you build an apartment building?
Michael gives reasons on why he would NOT build large apartments at this time.
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Michael gives reasons on why he would NOT build large apartments at this time.
Michael gives reasons on why he would NOT build large apartments at this time.
What kills a transaction right off the bat? Michael only buys in โspecificโ areas and will not compromise on the asset location or quality. Even though it might be temptingโฆdonโt buy in the โhood. Michaelโs investing advice is that you must define the submarket that you want to make a position in. Michael describes what the buying environment is like in Dallas today.
What kills a transaction right off the bat? Michael only buys in โspecificโ areas and will not compromise on the asset location or quality. Even though it might be temptingโฆdonโt buy in the โhood. Michaelโs investing advice is that you must define the submarket that you want to make a position in. Michael describes what the buying environment is like in Dallas today.
After you have spent over 90+ days in the acquisition processโฆits time for you to actually own and operated your building. Michael discusses a PRE- and POST- apartment takeover strategy. If you self-manage or have a third party management team; a transition plan is critical for your immediate success.
After you have spent over 90+ days in the acquisition processโฆits time for you to actually own and operated your building. Michael discusses a PRE- and POST- apartment takeover strategy. If you self-manage or have a third party management team; a transition plan is critical for your immediate success.
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.
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.
Today, many sellers and listing agents require buyers to put a substantial amount of NON REFUNDABLE earnest money up frontโฆBEFORE they do certain due diligence analysis. As you can imagine, the seller wants to make sure you are financially committed to the transaction without the risk of a future re-trade. Michael explains how he gets comfortable on putting significant hard earnest money upfront on an apartment acquisition.
Today, many sellers and listing agents require buyers to put a substantial amount of NON REFUNDABLE earnest money up frontโฆBEFORE they do certain due diligence analysis. As you can imagine, the seller wants to make sure you are financially committed to the transaction without the risk of a future re-trade. Michael explains how he gets comfortable on putting significant hard earnest money upfront on an apartment acquisition.
Buyer brokers are not common in multifamily. If you are fairly new into apartment investing, you should have a buyerโs broker represent you. If you are a seasoned apartment buyer, buyer brokers are an extension of your team and will add value. They are out looking for specific transactions that meet your vision. As a general partner you should be focused on 1) raising new equity, 2) finding new transactions. Buyer brokers can assist you in finding the right transaction.
Buyer brokers are not common in multifamily. If you are fairly new into apartment investing, you should have a buyerโs broker represent you. If you are a seasoned apartment buyer, buyer brokers are an extension of your team and will add value. They are out looking for specific transactions that meet your vision. As a general partner you should be focused on 1) raising new equity, 2) finding new transactions. Buyer brokers can assist you in finding the right transaction.
Michael understands your first transaction is the toughest. Michael owns over 5200 units, but the toughest one was going from ZERO to ONE. Michael gives you the insight on what you should do to get a โwinโ on the board.
Michael understands your first transaction is the toughest. Michael owns over 5200 units, but the toughest one was going from ZERO to ONE. Michael gives you the insight on what you should do to get a โwinโ on the board.
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 โgreen shoots.โ 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...
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 โgreen shoots.โ 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...