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 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. โLonger and Lower,โ are the general themes of todays apartment investing market. Longer investing hold times with a lower rate of return can be expected.
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. โLonger and Lower,โ are the general themes of todays apartment investing market. Longer investing hold times with a lower rate of return can be expected.
Michael discusses what lenders are looking for when applying for financing on an apartment transaction.ย 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.ย 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...
Interest only can certainly help the cash-on-cash returns on your investment. If you are purchasing a broken property- deferred maintenance, bad management, bad occupancy; you need some type of payment relief during times of weak cash flow. Having an interest only period during the renovation is certainly typical for a BRIDGE type of loan. Banks typically donโt like to do lots of interest onlyโฆbecause the bank regulators don't like interest only. Most community banks on bridge loans will onl...
Interest only can certainly help the cash-on-cash returns on your investment. If you are purchasing a broken property- deferred maintenance, bad management, bad occupancy; you need some type of payment relief during times of weak cash flow. Having an interest only period during the renovation is certainly typical for a BRIDGE type of loan. Banks typically donโt like to do lots of interest onlyโฆbecause the bank regulators don't like interest only. Most community banks on bridge loans will onl...
Upfront physical due diligence is critical when purchasing any apartment building. Have your engineer/ general contractor review all components to the apartment. Not reviewing deficiencies with your electrical, plumbing and sewer, foundation and roof can be the iceberg that sinks the investorโs ship.
Upfront physical due diligence is critical when purchasing any apartment building. Have your engineer/ general contractor review all components to the apartment. Not reviewing deficiencies with your electrical, plumbing and sewer, foundation and roof can be the iceberg that sinks the investorโs ship.
Not all Lenders are the same; some Banks are not real estate lenders.ย Not all Lenders like Apartment loans Not all Lenders like older properties that need to be rehabbed and repositionedย Not all Lenders like non-recourse loans; most will not even offer non-recourse loans Not all Lenders will like the part of town that you want to invest in. Not all Lenders will give you maximum leverage to acquire and rehab with your loan Not all Lenders will amortize apartment loans greater than 15 years Y...
Not all Lenders are the same; some Banks are not real estate lenders.ย Not all Lenders like Apartment loans Not all Lenders like older properties that need to be rehabbed and repositionedย Not all Lenders like non-recourse loans; most will not even offer non-recourse loans Not all Lenders will like the part of town that you want to invest in. Not all Lenders will give you maximum leverage to acquire and rehab with your loan Not all Lenders will amortize apartment loans greater than 15 years Y...
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.
Wellโฆ.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. Donโt be a jerkโฆthis is a small business and word will get around. Sound advice in any business. Michael Becker has purchased over 10,000 apartment units between...
Wellโฆ.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. Donโt be a jerkโฆthis is a small business and word will get around. Sound advice in any business. Michael Becker has purchased over 10,000 apartment units between...
