ASK MIKE MONDAYS - When you buy a VALUE ADD apartment building; where should you invest your rehab dollars to get the largest capital gain?

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ASK MIKE MONDAYS - When you buy a VALUE ADD apartment building; where should you invest your rehab d...

oldcapitalpodcast oldcapitalpodcast | 7 years ago

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. 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

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.

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 “win” on the board.

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.

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 - After you buy an apartment building, rehab it, stabilize it and are now contempla...

oldcapitalpodcast oldcapitalpodcast | 7 years ago

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.

ASK MIKE MONDAYS -What can I expect when a building catches on fire?

oldcapitalpodcast oldcapitalpodcast | 7 years ago

ASK MIKE MONDAYS - Mike, when considering at a possible apartment acquisition; what is the first thi...

oldcapitalpodcast oldcapitalpodcast | 5 years ago

You may have to look at several apartment opportunities BEFORE you find the right one. The ability to underwrite a transaction quickly will help you make swift decisions on whether to pursue with additional analysis time or drop the deal. Mike discusses the specific documents the seller needs to provide you to analyze the transaction correctly.