Avoid Apartment Ownership Mistakes

ASK MIKE MONDAYS - What are the BIGGEST MISTAKES in owning an apartment building?

oldcapitalpodcast oldcapitalpodcast | 6 years ago

Michael has seen owners fail in executing their apartment ownership strategy. With that information, he discusses some of the common failures that may paralyze you in apartment ownership and how to overcome those obstacles.

ASK MIKE MONDAYS - Investing in an apartment syndication? What PASSIVE INVESTORS MUST ASK DEAL SPONS...

oldcapitalpodcast oldcapitalpodcast | 5 years ago

Are you looking to invest into an apartment syndication? Most syndicators or deal sponsors will have a PRIVATE PLACEMENT MEMORADUM detailing the risks involved in investing in an apartment transaction. BUT, when listening to the deal sponsors pitch, you must ask a few questions also. Michael explains some of the simple questions that passive investors MUST ask the managing member or deal sponsor. Your money is important to you; so you need to understand the deal sponsors past track record in apa...

Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles: ASK MIKE MONDAYS: “M...

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 “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...

ASK MIKE MONDAYS - 1) Mike, when buying a CLASS C apartment, what is the largest CAP X expenditures ...

oldcapitalpodcast oldcapitalpodcast | 5 years ago

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 investor’s ship.

ASK MIKE MONDAYS - Michael, what are the biggest barriers to entry into apartment ownership for some...

oldcapitalpodcast oldcapitalpodcast | 5 years ago

Michael gives us feedback to a YOUNGER apartment buyer on what they should focus on when entering into the apartment ownership business.

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 - 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 what’s important in apartment financing.

ASK MIKE MONDAYS - Michael, what are the LIQUIDITY & NET WORTH requirements from a lender to qualify...

oldcapitalpodcast oldcapitalpodcast | 5 years ago

Buying a large apartment building is NOT a NO CASH/ NO NET WORTH/ NO CREDIT business model. The lender needs to see the depth of your balance sheet. Your lender is going to loan you thousands of dollars and wants to make sure that they are comfortable with your balance sheet. Michael breaks down what typical apartment lenders need.

Tips & Tricks For Apartment Investing Like A Pro

fortunebuilders fortunebuilders | 2 years ago

Investing in apartment buildings can be a great way to build wealth in real estate, as well as diversify your portfolio. Get started using tips from this guide. The post Tips & Tricks For Apartment Investing Like A Pro appeared first on FortuneBuilders.

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 ‘specific’ areas and will not compromise on the asset location or quality. Even though it might be tempting…don’t buy in the ‘hood. Michael’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.

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ASK MIKE MONDAYS - What are the BIGGEST MISTAKES in owning an apartment building?

ASK MIKE MONDAYS - What are the BIGGEST MISTAKES in owning an apartment building?