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ASK MIKE MONDAYS - Can you unveil some common misconceptions when purchasing apartments? Should I consider owner financing? Should I send ‘I want to buy your apartment’ letters to the seller? Does that really work? Can you wholesale multifamily proper

ASK MIKE MONDAYS - Can you unveil some common misconceptions when purchasing apartments? Should I consider owner financing? Should I send ‘I want to buy your apartment’ letters to the seller? Does that really work? Can you wholesale multifamily proper

Wow! When trying to buy an apartment building… don’t fall into some rabbit holes. Pursuing single family MARKETING strategies do not typically work when trying to FIND a multifamily property. Michael explores some common marketing fallacies of transitioning from SINGLE FAMILY to MULTIFAMILY.

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ASK MIKE MONDAYS - Can you unveil some common misconceptions when purchasing apartments? Should I co...
ASK MIKE MONDAYS - Can you unveil some common misconceptions when purchasing apartments? Should I co...
ASK MIKE MONDAYS - Can you unveil some common misconceptions when purchasing apartments? Should I co...
ASK MIKE MONDAYS - Can you unveil some common misconceptions when purchasing apartments? Should I co...
oldcapitalpodcast oldcapitalpodcast | 4 years ago
Wow! When trying to buy an apartment building… don’t fall into some rabbit holes. Pursuing single family MARKETING strategies do not typically work when trying to FIND a multifamily property. Michael explores some common marketing fallacies of transitioning from SINGLE FAMILY to MULTIFAMILY.
Wow! When trying to buy an apartment building… don’t fall into some rabbit holes. Pursuing single family MARKETING strategies do not typically work when trying to FIND a multifamily property. Michael explores some common marketing fallacies of transitioning from SINGLE FAMILY to MULTIFAMILY.
ASK MIKE MONDAYS: “Mike, what POSITIVE things are you seeing today in APARTMENTLAND?”
ASK MIKE MONDAYS: “Mike, what POSITIVE things are you seeing today in APARTMENTLAND?”
ASK MIKE MONDAYS: “Mike, what POSITIVE things are you seeing today in APARTMENTLAND?”
ASK MIKE MONDAYS: “Mike, what POSITIVE things are you seeing today in APARTMENTLAND?”
Nationwide Commercial Real Est... Nationwide Commercia... | 7 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...
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...
These common misconceptions can prevent you from achieving that perfect credit score
These common misconceptions can prevent you from achieving that perfect credit score
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Broadcast Media Production and... Broadcast Media Prod... | 2 months ago
Randy had an 850 credit score. According to FICO, the most popular scoring model, that's as good as it gets. Still, a line on his credit report said he could lower his utilization rate, so he promptly paid off the remainder of his car loan with one $6,000 payment, and then his score sank 30 points. (Randy has been a target of identity theft and asked to omit his last name for privacy concerns.) Most people assume that wiping out those auto payments couldn't hurt, but that's a mistake. More from ...
Randy had an 850 credit score. According to FICO, the most popular scoring model, that's as good as it gets. Still, a line on his credit report said he could lower his utilization rate, so he promptly paid off the remainder of his car loan with one $6,000 payment, and then his score sank 30 points. (Randy has been a target of identity theft and asked to omit his last name for privacy concerns.) Most people assume that wiping out those auto payments couldn't hurt, but that's a mistake. More from ...
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 | 6 years ago
ASK MIKE MONDAYS - Michael, can you define what KEY PRINCIPAL is?
ASK MIKE MONDAYS - Michael, can you define what KEY PRINCIPAL is?
ASK MIKE MONDAYS - Michael, can you define what KEY PRINCIPAL is?
ASK MIKE MONDAYS - Michael, can you define what KEY PRINCIPAL is?
oldcapitalpodcast oldcapitalpodcast | 3 years ago
Michael discusses and defines the term: KEY PRINCIPAL and how it applies to commercial real estate lending. The lender makes the loan to the Borrower. The Borrower is not typically an individual; but typically a limited partnership. Generally, where the Borrower is a limited partnership, the general partners are the managers of the Partnership. Thus, individuals general partners are potential Key Principals. For any general partner of the Borrower which is an entity, the Lender must identify as ...
Michael discusses and defines the term: KEY PRINCIPAL and how it applies to commercial real estate lending. The lender makes the loan to the Borrower. The Borrower is not typically an individual; but typically a limited partnership. Generally, where the Borrower is a limited partnership, the general partners are the managers of the Partnership. Thus, individuals general partners are potential Key Principals. For any general partner of the Borrower which is an entity, the Lender must identify as ...
ASK MIKE MONDAYS - Michael, can you define what KEY PRINCIPAL is?
ASK MIKE MONDAYS - Michael, can you define what KEY PRINCIPAL is?
ASK MIKE MONDAYS - Michael, can you define what KEY PRINCIPAL is?
ASK MIKE MONDAYS - Michael, can you define what KEY PRINCIPAL is?
oldcapitalpodcast oldcapitalpodcast | 3 years ago
Michael discusses and defines the term: KEY PRINCIPAL and how it applies to commercial real estate lending. The lender makes the loan to the Borrower. The Borrower is not typically an individual; but typically a limited partnership. Generally, where the Borrower is a limited partnership, the general partners are the managers of the Partnership. Thus, individuals general partners are potential Key Principals. For any general partner of the Borrower which is an entity, the Lender must identify as ...
Michael discusses and defines the term: KEY PRINCIPAL and how it applies to commercial real estate lending. The lender makes the loan to the Borrower. The Borrower is not typically an individual; but typically a limited partnership. Generally, where the Borrower is a limited partnership, the general partners are the managers of the Partnership. Thus, individuals general partners are potential Key Principals. For any general partner of the Borrower which is an entity, the Lender must identify as ...
ASK MIKE MONDAYS - What are some common EXIT STRATEGIES that you have utilized on your properties? W...
ASK MIKE MONDAYS - What are some common EXIT STRATEGIES that you have utilized on your properties? W...
ASK MIKE MONDAYS - What are some common EXIT STRATEGIES that you have utilized on your properties? W...
ASK MIKE MONDAYS - What are some common EXIT STRATEGIES that you have utilized on your properties? W...
oldcapitalpodcast oldcapitalpodcast | 5 years ago
All investors must ask their DEAL SPONSOR at the beginning - How and when, am I going to get my money back? Michael explains that matching your exit strategy to your debt is very important. Also, you must understand how large prepayment penalties on apartment loans play into your decision to sell.
All investors must ask their DEAL SPONSOR at the beginning - How and when, am I going to get my money back? Michael explains that matching your exit strategy to your debt is very important. Also, you must understand how large prepayment penalties on apartment loans play into your decision to sell.
ASK MIKE MONDAYS - “Can you still evict tenants for non-payment these days?”
ASK MIKE MONDAYS - “Can you still evict tenants for non-payment these days?”
ASK MIKE MONDAYS - “Can you still evict tenants for non-payment these days?”
ASK MIKE MONDAYS - “Can you still evict tenants for non-payment these days?”
oldcapitalpodcast oldcapitalpodcast | 2 years ago
Perhaps. Obviously, it depends where your property is located at and the different state and local laws that are in place with Covid19. Today’s podcast speaks about the updated CDC eviction rules for landlords. 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 is now a large “owner- of commercial real estate.” Please leave us a 5 STAR RATI...
Perhaps. Obviously, it depends where your property is located at and the different state and local laws that are in place with Covid19. Today’s podcast speaks about the updated CDC eviction rules for landlords. 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 is now a large “owner- of commercial real estate.” Please leave us a 5 STAR RATI...
ASK MIKE MONDAYS - Can you talk about the various levels of property management?
ASK MIKE MONDAYS - Can you talk about the various levels of property management?
ASK MIKE MONDAYS - Can you talk about the various levels of property management?
ASK MIKE MONDAYS - Can you talk about the various levels of property management?
oldcapitalpodcast oldcapitalpodcast | 5 years ago
When you hire a third party management company they perform several functions. 1) Accounting 2) Human Resources (employees work for the management company- not you) 3) Structured onsite and overseeing management. If you don’t hire a third party contractor to handle these specific jobs, then you are the management company and have to perform all those functions.
When you hire a third party management company they perform several functions. 1) Accounting 2) Human Resources (employees work for the management company- not you) 3) Structured onsite and overseeing management. If you don’t hire a third party contractor to handle these specific jobs, then you are the management company and have to perform all those functions.
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 | 6 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. Don’t over improve the asset too much for the submarket; if the market doesn’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. Don’t over improve the asset too much for the submarket; if the market doesn’t recognize the improvement (pay you more rent) you could have thrown good money after a bad idea. Listen to Michael's thoughts