ASK MIKE MONDAYS - Michael, PRICES of apartments are awfully high; when will they stop rising and start coming back down?
ASK MIKE MONDAYS - Michael, PRICES of apartments are awfully high; when will they stop rising and start coming back down?
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 Beckerās rule #1: Donāt buy in the hood!
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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 Beckerās rule #1: Donāt buy in the hood!
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 Beckerās rule #1: Donāt buy in the hood!
Michael discusses some recent economic information that Greg Willett from RealPage has shared with investors. Possible slowdown coming in 2020-2021 and the impact it will have on apartment leasing and ownership.
Michael discusses some recent economic information that Greg Willett from RealPage has shared with investors. Possible slowdown coming in 2020-2021 and the impact it will have on apartment leasing and ownership.
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 āgreen shoots.ā 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 āgreen shoots.ā 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...
Michael owns over 5000 apartment units and he still uses an independent 3rd party property management company to oversee his portfolio. Michael discusses the reasons why he doesnāt self manage. Also, Michael examines what an apartment ASSET MANAGER does for the partnership.
Michael owns over 5000 apartment units and he still uses an independent 3rd party property management company to oversee his portfolio. Michael discusses the reasons why he doesnāt self manage. Also, Michael examines what an apartment ASSET MANAGER does for the partnership.
Michael gives a RECAP of 2021 in the apartment business. He shares the challenges and the successes for 2021. Michael gives you his opinion on what the tea leaves are sharing with him for 2022. Are rents going down? Are cap rates rising? Do you think interest rates are going up and what type of impact will that have on your apartment investments? Listen to the guy that bought over 10,000 apartment units. Are you interested in learning more about how Multifamily Syndications work? Please visit ww...
Michael gives a RECAP of 2021 in the apartment business. He shares the challenges and the successes for 2021. Michael gives you his opinion on what the tea leaves are sharing with him for 2022. Are rents going down? Are cap rates rising? Do you think interest rates are going up and what type of impact will that have on your apartment investments? Listen to the guy that bought over 10,000 apartment units. Are you interested in learning more about how Multifamily Syndications work? Please visit ww...
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...
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...
Mike gives us an update on what to expect when you are raising capital to fund a transaction. First- it was higher interest rates, Second- it was the seller and the buyer not knowing the current value of property because cap rates have expanded, And Now, its raising equity to fund a deal. Are there LPās wanting to invest? Michael chats about how a typical capital raise is going today. Listen to the guy that has acquired over 14,000 apartment units.āØAre you interested in learning more about h...
Mike gives us an update on what to expect when you are raising capital to fund a transaction. First- it was higher interest rates, Second- it was the seller and the buyer not knowing the current value of property because cap rates have expanded, And Now, its raising equity to fund a deal. Are there LPās wanting to invest? Michael chats about how a typical capital raise is going today. Listen to the guy that has acquired over 14,000 apartment units.āØAre you interested in learning more about h...
Boy, it is hot out there! We know the outside air temperature is red-hot during a Texas summer; but is the apartment investing market starting to cool off- is a deep freeze coming? Mike confirms that the fundamentals of apartment ownership are still very strong. Great occupancy and good rental growth are still being observed with apartmentsā¦ but the head winds within the capital markets- through higher interest rates and lower loan leverage- have made a few potential apartment buyers uneasy. M...
Boy, it is hot out there! We know the outside air temperature is red-hot during a Texas summer; but is the apartment investing market starting to cool off- is a deep freeze coming? Mike confirms that the fundamentals of apartment ownership are still very strong. Great occupancy and good rental growth are still being observed with apartmentsā¦ but the head winds within the capital markets- through higher interest rates and lower loan leverage- have made a few potential apartment buyers uneasy. M...
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 tenantās income. If you rehab a property and are expecting to increase rents to justify the costā¦a LURA may prevent you from being able to raise rents in the future. Make sure you ask the sellerās agent if the property has a LURA.
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 tenantās income. If you rehab a property and are expecting to increase rents to justify the costā¦a LURA may prevent you from being able to raise rents in the future. Make sure you ask the sellerās agent if the property has a LURA.
Michael discusses his latest apartment sale and WHY HE picked this BUYER.
Michael discusses his latest apartment sale and WHY HE picked this BUYER.