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ASK MIKE MONDAYS - When underwriting a transaction; what ASSUMPTIONS do you use? Do you use a sensitivity analysis?

ASK MIKE MONDAYS - When underwriting a transaction; what ASSUMPTIONS do you use? Do you use a sensitivity analysis?

Michael and Jonathan Ferrell discuss the economic assumptions that investors must make when purchasing a property.

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ASK MIKE MONDAYS - When underwriting a transaction; what ASSUMPTIONS do you use? Do you use a sensit...
ASK MIKE MONDAYS - When underwriting a transaction; what ASSUMPTIONS do you use? Do you use a sensit...
ASK MIKE MONDAYS - When underwriting a transaction; what ASSUMPTIONS do you use? Do you use a sensit...
ASK MIKE MONDAYS - When underwriting a transaction; what ASSUMPTIONS do you use? Do you use a sensit...
oldcapitalpodcast oldcapitalpodcast | 6 years ago
Michael and Jonathan Ferrell discuss the economic assumptions that investors must make when purchasing a property.
Michael and Jonathan Ferrell discuss the economic assumptions that investors must make when purchasing a property.
ASK MIKE MONDAYS - How do you buy you first apartment transaction?
ASK MIKE MONDAYS - How do you buy you first apartment transaction?
ASK MIKE MONDAYS - How do you buy you first apartment transaction?
ASK MIKE MONDAYS - How do you buy you first apartment transaction?
oldcapitalpodcast oldcapitalpodcast | 6 years ago
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 โ€œwinโ€ 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 โ€œwinโ€ on the board.
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 frontโ€ฆBEFORE 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 frontโ€ฆBEFORE 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 - When rehabbing a value-added property; where do you start first?
Ask Mike Mondays - When rehabbing a value-added property; where do you start first?
Ask Mike Mondays - When rehabbing a value-added property; where do you start first?
Ask Mike Mondays - When rehabbing a value-added property; where do you start first?
oldcapitalpodcast oldcapitalpodcast | 7 years ago
Always have a physical due diligence report done BEFORE you buy the property. Make sure that you understand the rental submarket and the tenant demographics. Rely upon the information from a qualified property management company that operates in the same submarket. Donโ€™t over improve the asset too much for the submarket; if the market doesnโ€™t recognize the improvement (pay you more rent) you could have thrown good money after a bad idea. Listen to Michael's thoughts
Always have a physical due diligence report done BEFORE you buy the property. Make sure that you understand the rental submarket and the tenant demographics. Rely upon the information from a qualified property management company that operates in the same submarket. Donโ€™t over improve the asset too much for the submarket; if the market doesnโ€™t recognize the improvement (pay you more rent) you could have thrown good money after a bad idea. Listen to Michael's thoughts
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles: ASK MIKE MONDAYS: โ€œM...
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles: ASK MIKE MONDAYS: โ€œM...
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles: ASK MIKE MONDAYS: โ€œM...
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles: ASK MIKE MONDAYS: โ€œM...
Nationwide Commercial Real Est... Nationwide Commercia... | 1 year 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 โ€œgreen 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 โ€œgreen 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...
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 whatโ€™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 whatโ€™s important in apartment financing.
ASK MIKE MONDAYS - Why would you PASS on an apartment transaction?
ASK MIKE MONDAYS - Why would you PASS on an apartment transaction?
ASK MIKE MONDAYS - Why would you PASS on an apartment transaction?
ASK MIKE MONDAYS - Why would you PASS on an apartment transaction?
oldcapitalpodcast oldcapitalpodcast | 7 years ago
What kills a transaction right off the bat? Michael only buys in โ€˜specificโ€™ areas and will not compromise on the asset location or quality. Even though it might be temptingโ€ฆdonโ€™t buy in the โ€˜hood. Michaelโ€™s 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 โ€˜specificโ€™ areas and will not compromise on the asset location or quality. Even though it might be temptingโ€ฆdonโ€™t buy in the โ€˜hood. Michaelโ€™s 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.
ASK MIKE MONDAYS - How do you select a property manager and when in the process do you engage a prop...
ASK MIKE MONDAYS - How do you select a property manager and when in the process do you engage a prop...
ASK MIKE MONDAYS - How do you select a property manager and when in the process do you engage a prop...
ASK MIKE MONDAYS - How do you select a property manager and when in the process do you engage a prop...
oldcapitalpodcast oldcapitalpodcast | 6 years ago
After finding the right property; selecting the right property management company is the MOST important decision that an ownership group must determine.
After finding the right property; selecting the right property management company is the MOST important decision that an ownership group must determine.
ASK MIKE MONDAYS -What can I expect when a building catches on fire?
ASK MIKE MONDAYS -What can I expect when a building catches on fire?
ASK MIKE MONDAYS -What can I expect when a building catches on fire?
ASK MIKE MONDAYS -What can I expect when a building catches on fire?
oldcapitalpodcast oldcapitalpodcast | 7 years ago
ASK MIKE MONDAYS - Do I need a buyerโ€™s broker when acquiring an apartment building?
ASK MIKE MONDAYS - Do I need a buyerโ€™s broker when acquiring an apartment building?
ASK MIKE MONDAYS - Do I need a buyerโ€™s broker when acquiring an apartment building?
ASK MIKE MONDAYS - Do I need a buyerโ€™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 buyerโ€™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 buyerโ€™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.