Is Multifamily Still a Smart Investment Choice?

ASK MIKE MONDAYS- “Mike, IS multifamily still a good place to invest in?”

oldcapitalpodcast oldcapitalpodcast | 2 years ago

Michael gives you his opinion on where the apartment industry is today. Rents are UP, Values are UP, and Cap Rates are DOWN. Is it going to last? TODAY is the 'golden age' of apartment ownership. Michael goes into detail where he sees the opportunities and challenges in the next few months with apartment investing and ownership. Also, the guys discuss the ramifications of being on the wrong side of Fannie Mae and Freddie Mac and how it will impact you on doing future business with the Agency len...

ASK MIKE MONDAYS - “Michael, should we still invest in apartments in 2022?”

oldcapitalpodcast oldcapitalpodcast | 2 years ago

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...

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...

Nationwide Commercial Real Est... Nationwide Commercia... | 1 year ago

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 LP’s 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. Are you interested in learning more about h...

ASK MIKE MONDAYS - Michael, What is a LURA?

oldcapitalpodcast oldcapitalpodcast | 5 years ago

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 tenant’s income. If you rehab a property and are expecting to increase rents to justify the cost…a LURA may prevent you from being able to raise rents in the future. Make sure you ask the seller’s agent if the property has a LURA.

oldcapitalpodcast oldcapitalpodcast | 6 years ago

What is it and does every lender have that? Banks do not, Fannie and Freddie do! Freddie's is called Multifamily Green Advantage. Fannie's is called the Green Rewards Program. BOTTOM LINE: Older properties need to be more energy efficient; the agencies are incentivizing owners to change current usage by landlords and tenants of electric and/or water by 20%... if you are successful, your new loan may have a lower interest rate up to 33 basis points. Wow!!

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

Nationwide Commercial Real Est... Nationwide Commercia... | 1 year ago

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 apartments… 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...

ASK MIKE MONDAYS- “Michael, insurance is a huge annual cost; any solutions to

oldcapitalpodcast oldcapitalpodcast | 2 years ago

Is there too much money in the market chasing too few deals? Michael gives you a few examples on how sellers are reacting to this market. Today, Michael is selling a few large apartment communities. Michael shares with you on how they picked the buyer. Was it only the highest price? Did he check references from other brokers for certainty of close? Michael, explains what is important and what should you know. Listen to the guy that bought over 10,000 apartment units. Are you interested in learni...

ASK MIKE MONDAYS - I want to get smart in multifamily; what do YOU read?

oldcapitalpodcast oldcapitalpodcast | 6 years ago

Mike initially focuses on high level national apartment market data and then general economy status and then shifts to local and regional apartment market information. He breaks his data sources into two different categories. Pay: CoStar.com, yardimatrix.com, alndata.com/market-reviews/, axiometrics.com, realpage.com/yieldstar/mpf-apartment-market-updates-trends-webcasts/ Free: bisnow.com, multifamilyexecutive.com/business-finance/business-trends/ nreionline.com, connect.media, francemediainc.c...

ASK MIKE MONDAYS - SPECIAL EDITION - Mike, How bad is this coronavirus going to be on apartments?

oldcapitalpodcast oldcapitalpodcast | 4 years ago

This special edition focuses on what LIMITED PARTNERS and GENERAL PARTNERS can possibly expect with the impact of the coronavirus on apartment investments. You will want to listen to this.

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ASK MIKE MONDAYS- “Mike, IS multifamily still a good place to invest in?”

ASK MIKE MONDAYS- “Mike, IS multifamily still a good place to invest in?”