ASK MIKE MONDAYS - Is there anyway to STOP PROPERTY INSURANC...

oldcapitalpodcast oldcapitalpodcast | 3 years ago

Mike discusses a large line item expense…property insurance. After property taxes and payroll, property insurance is an every increasing expense that sponsors must recognize sooner than later.

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

Nationwide Commercial Real Est... Nationwide Commercia... | 10 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- “Michael, insurance is a huge annual cost; any solutions to

oldcapitalpodcast oldcapitalpodcast | 1 year ago

Is there too much money in the market chasing too few deals? Michael gives you a few examples on how sellers are reacting to this market. Today, Michael is selling a few large apartment communities. Michael shares with you on how they picked the buyer. Was it only the highest price? Did he check references from other brokers for certainty of close? Michael, explains what is important and what should you know. Listen to the guy that bought over 10,000 apartment units. Are you interested in learni...

ASK MIKE MONDAYS- “Michael, insurance is a huge annual cost; any solutions to help me?

oldcapitalpodcast oldcapitalpodcast | 1 year ago

Michael gets into the weeds with apartment insurance. Inflation on building materials, labor, and the supply chain are having a direct impact on annual insurance premiums. When buying a property, don’t use the seller’s annual premium on costs on the PROFIT & LOSS. It could be off my several thousands of dollars. Make sure you get a updated & realistic insurance quote. BONUS QUESTION: Self-Management versus third party property management; what is better? Are you interested in learning more a...

ASK MIKE MONDAYS - What’s the impact with rising interest rates?

oldcapitalpodcast oldcapitalpodcast | 5 years ago

Interest rates have been steadily rising over the last 6 months. Michael discusses the impact of what rising interest will have on underwriting apartment transactions.

ASK MIKE MONDAYS - Michael, What is a LURA?

oldcapitalpodcast oldcapitalpodcast | 5 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, PRICES of apartments are awfully high; when will they stop rising and st...

oldcapitalpodcast oldcapitalpodcast | 3 years ago

Are apartments values and prices too high? Michael chats about the direction of the apartment industry today. Do we have enough apartment supply? Too many apartments being built; too little? A lot of the apartment value is based on the expectation of job growth. What geographic areas do you want to invest in- has job growth? Also...follow Michael Becker’s rule #1: Don’t buy in the hood!

ASK MIKE MONDAYS- “Mike, IS multifamily still a good place to invest in?”

oldcapitalpodcast oldcapitalpodcast | 1 year ago

Michael gives you his opinion on where the apartment industry is today. Rents are UP, Values are UP, and Cap Rates are DOWN. Is it going to last? TODAY is the 'golden age' of apartment ownership. Michael goes into detail where he sees the opportunities and challenges in the next few months with apartment investing and ownership. Also, the guys discuss the ramifications of being on the wrong side of Fannie Mae and Freddie Mac and how it will impact you on doing future business with the Agency len...

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

oldcapitalpodcast oldcapitalpodcast | 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, what is happening with quarterly/monthly distributions? Is there a mathe...

oldcapitalpodcast oldcapitalpodcast | 3 years ago

Michael Becker discusses what he is seeing in the apartment investing market today. 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 an “owner” of commercial real estate. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.