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ASK MIKE MONDAYS - Do I need a buyer’s broker when acquiring an apartment building?

ASK MIKE MONDAYS - Do I need a buyer’s broker when acquiring an apartment building?

Buyer brokers are not common in multifamily. If you are fairly new into apartment investing, you should have a buyer’s 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.

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ASK MIKE MONDAYS - Do I need a buyer’s broker when acquiring an apartment building?
ASK MIKE MONDAYS - Do I need a buyer’s broker when acquiring an apartment building?
ASK MIKE MONDAYS - Do I need a buyer’s broker when acquiring an apartment building?
ASK MIKE MONDAYS - Do I need a buyer’s broker when acquiring an apartment building?
oldcapitalpodcast oldcapitalpodcast | 5 years ago
Buyer brokers are not common in multifamily. If you are fairly new into apartment investing, you should have a buyer’s 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 buyer’s 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.
ASK MIKE MONDAYS - What do lenders look for when approving an apartment loan?
ASK MIKE MONDAYS - What do lenders look for when approving an apartment loan?
ASK MIKE MONDAYS - What do lenders look for when approving an apartment loan?
ASK MIKE MONDAYS - What do lenders look for when approving an apartment loan?
oldcapitalpodcast oldcapitalpodcast | 7 years ago
70% of the lending decision is based on the building operations (historical and future) and 30% is based on the sponsor (liquidity, net worth, past ownership experience of apartments) Listen to Michael explain what’s important in apartment financing.
70% of the lending decision is based on the building operations (historical and future) and 30% is based on the sponsor (liquidity, net worth, past ownership experience of apartments) Listen to Michael explain what’s important in apartment financing.
ASK MIKE MONDAYS - I want to a buy an apartment building. What do I look for in the numbers?
ASK MIKE MONDAYS - I want to a buy an apartment building. What do I look for in the numbers?
ASK MIKE MONDAYS - I want to a buy an apartment building. What do I look for in the numbers?
ASK MIKE MONDAYS - I want to a buy an apartment building. What do I look for in the numbers?
oldcapitalpodcast oldcapitalpodcast | 5 years ago
Michael explains to a potential apartment buyer on what is important in the operating statement. Do you look at the trailing 1, trailing 3, or trailing 12? What is important? Michael talks about the importance of analyzing the trend line of income and expenses.
Michael explains to a potential apartment buyer on what is important in the operating statement. Do you look at the trailing 1, trailing 3, or trailing 12? What is important? Michael talks about the importance of analyzing the trend line of income and expenses.
ASK MIKE MONDAYS - Can I get a LOAN PRE-APPROVAL on an apartment transaction?
ASK MIKE MONDAYS - Can I get a LOAN PRE-APPROVAL on an apartment transaction?
ASK MIKE MONDAYS - Can I get a LOAN PRE-APPROVAL on an apartment transaction?
ASK MIKE MONDAYS - Can I get a LOAN PRE-APPROVAL on an apartment transaction?
oldcapitalpodcast oldcapitalpodcast | 6 years ago
Michael discusses what lenders are looking for when applying for financing on an apartment transaction.  With apartment lending- the quality, condition and location of the asset are the most important factors in underwriting. A PRE-APPROVAL is not going to be available because 2/3rds of an apartment lending decision is based on subject property. The lender needs to have a complete picture on a number of critical underwriting variables. Examples: Where is property located and age? What are histo...
Michael discusses what lenders are looking for when applying for financing on an apartment transaction.  With apartment lending- the quality, condition and location of the asset are the most important factors in underwriting. A PRE-APPROVAL is not going to be available because 2/3rds of an apartment lending decision is based on subject property. The lender needs to have a complete picture on a number of critical underwriting variables. Examples: Where is property located and age? What are histo...
ASK MIKE MONDAYS - How do I avoid getting my apartment foreclosed upon? What are the BEST OPERATING ...
ASK MIKE MONDAYS - How do I avoid getting my apartment foreclosed upon? What are the BEST OPERATING ...
ASK MIKE MONDAYS - How do I avoid getting my apartment foreclosed upon? What are the BEST OPERATING ...
ASK MIKE MONDAYS - How do I avoid getting my apartment foreclosed upon? What are the BEST OPERATING ...
oldcapitalpodcast oldcapitalpodcast | 7 years ago
ASK MIKE MONDAYS: Michael, how do you DE-RISK an apartment transaction?
ASK MIKE MONDAYS: Michael, how do you DE-RISK an apartment transaction?
ASK MIKE MONDAYS: Michael, how do you DE-RISK an apartment transaction?
ASK MIKE MONDAYS: Michael, how do you DE-RISK an apartment transaction?
oldcapitalpodcast oldcapitalpodcast | 4 years ago
Today, many sellers and listing agents require buyers to put a substantial amount of NON REFUNDABLE earnest money up front…BEFORE 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 front…BEFORE 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.
ASK MIKE MONDAYS- Michael, how do you prepare for a TAKEOVER of an apartment building?
ASK MIKE MONDAYS- Michael, how do you prepare for a TAKEOVER of an apartment building?
ASK MIKE MONDAYS- Michael, how do you prepare for a TAKEOVER of an apartment building?
ASK MIKE MONDAYS- Michael, how do you prepare for a TAKEOVER of an apartment building?
oldcapitalpodcast oldcapitalpodcast | 4 years ago
After you have spent over 90+ days in the acquisition process…its 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 process…its 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.
Why Do I Need a Mortgage Broker? Let’s Find Out! - MortgageDepot
Why Do I Need a Mortgage Broker? Let’s Find Out! - MortgageDepot
Why Do I Need a Mortgage Broker? Let’s Find Out! - MortgageDepot
Why Do I Need a Mortgage Broker? Let’s Find Out! - MortgageDepot
mortgagedepot mortgagedepot | 1 year ago
Are you considering buying a home but concerned that mortgage knowledge is a prerequisite? Put your worries to rest! Most buyers know little, if anything, about mortgages. That’s where mortgage brokers come in. Mortgage brokers help buyers demystify the mortgage mayhem, emerging with a home loan that meets their needs without compromising their budget. What Is a Mortgage Broker? A mortgage broker serves as a liaison between borrowers and lenders. Because there is a mind-boggling number of mort...
Are you considering buying a home but concerned that mortgage knowledge is a prerequisite? Put your worries to rest! Most buyers know little, if anything, about mortgages. That’s where mortgage brokers come in. Mortgage brokers help buyers demystify the mortgage mayhem, emerging with a home loan that meets their needs without compromising their budget. What Is a Mortgage Broker? A mortgage broker serves as a liaison between borrowers and lenders. Because there is a mind-boggling number of mort...
ASK MIKE MONDAYS - Would you build an apartment building?
ASK MIKE MONDAYS - Would you build an apartment building?
ASK MIKE MONDAYS - Would you build an apartment building?
ASK MIKE MONDAYS - Would you build an apartment building?
oldcapitalpodcast oldcapitalpodcast | 6 years ago
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.
ASK MIKE MONDAYS - Mike….I am a fairly new real estate operator….what should I do first?
ASK MIKE MONDAYS - Mike….I am a fairly new real estate operator….what should I do first?
ASK MIKE MONDAYS - Mike….I am a fairly new real estate operator….what should I do first?
ASK MIKE MONDAYS - Mike….I am a fairly new real estate operator….what should I do first?
oldcapitalpodcast oldcapitalpodcast | 3 years ago
Well….you need to find deals and find money! Building relationships with brokers, equity investors, contract attorneys, lenders, physical engineers, & SEC attorney should be your first course of action. Some folks may use LOOPNET to find their first deal and that is OK, but most SERIOUS BUYERS contact listing agents in the market. Don’t be a jerk…this is a small business and word will get around. Sound advice in any business. Michael Becker has purchased over 10,000 apartment units between...
Well….you need to find deals and find money! Building relationships with brokers, equity investors, contract attorneys, lenders, physical engineers, & SEC attorney should be your first course of action. Some folks may use LOOPNET to find their first deal and that is OK, but most SERIOUS BUYERS contact listing agents in the market. Don’t be a jerk…this is a small business and word will get around. Sound advice in any business. Michael Becker has purchased over 10,000 apartment units between...