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ASK MIKE MONDAYS - Green Program

ASK MIKE MONDAYS - Green Program

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!!

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ASK MIKE MONDAYS - Green Program
ASK MIKE MONDAYS - Green Program
ASK MIKE MONDAYS - Green Program
ASK MIKE MONDAYS - Green Program
oldcapitalpodcast oldcapitalpodcast | 5 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!!
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!!
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...
ASK MIKE MONDAYS - Michael, What is a LURA?
ASK MIKE MONDAYS - Michael, What is a LURA?
ASK MIKE MONDAYS - Michael, What is a LURA?
ASK MIKE MONDAYS - Michael, What is a LURA?
oldcapitalpodcast oldcapitalpodcast | 4 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.
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.
Green Lawn Fertilizing's Willey completes Harvard program
Green Lawn Fertilizing's Willey completes Harvard program
Green Lawn Fertilizing's Willey completes Harvard program
Green Lawn Fertilizing's Willey completes Harvard program
lawnandlandscape lawnandlandscape | 10 months ago
He spent over four months working on the Harvard Business School’s General Management Program.
He spent over four months working on the Harvard Business School’s General Management Program.
ASK MIKE MONDAYS - Would you build an apartment building?
ASK MIKE MONDAYS - Would you build an apartment building?
ASK MIKE MONDAYS - Would you build an apartment building?
ASK MIKE MONDAYS - Would you build an apartment building?
oldcapitalpodcast oldcapitalpodcast | 5 years ago
Michael gives reasons on why he would NOT build large apartments at this time.
Michael gives reasons on why he would NOT build large apartments at this time.
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles: ASK MIKE MONDAYS: “S...
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles: ASK MIKE MONDAYS: “S...
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles: ASK MIKE MONDAYS: “S...
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles: ASK MIKE MONDAYS: “S...
Nationwide Commercial Real Est... Nationwide Commercia... | 9 months 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...
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- “Mike, IS multifamily still a good place to invest in?”
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?”
ASK MIKE MONDAYS- “Mike, IS multifamily still a good place to invest in?”
oldcapitalpodcast oldcapitalpodcast | 1 year 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...
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, what should an ASSET MANAGER do?
ASK MIKE MONDAYS - Michael, what should an ASSET MANAGER do?
ASK MIKE MONDAYS - Michael, what should an ASSET MANAGER do?
ASK MIKE MONDAYS - Michael, what should an ASSET MANAGER do?
oldcapitalpodcast oldcapitalpodcast | 4 years ago
An asset manager oversees the property on behalf of the investors. They report any financial or physical changes (good or bad) to the general partner. They help in managing a solution. When you own a small property (10-30 units) you are the ASSET MANAGER…. When you purchase a larger property or own more apartment communities, you may need to hire an asset manager. Remember, your job, as a general partner is to find more apartment purchase opportunities and find more equity. An asset manager wi...
An asset manager oversees the property on behalf of the investors. They report any financial or physical changes (good or bad) to the general partner. They help in managing a solution. When you own a small property (10-30 units) you are the ASSET MANAGER…. When you purchase a larger property or own more apartment communities, you may need to hire an asset manager. Remember, your job, as a general partner is to find more apartment purchase opportunities and find more equity. An asset manager wi...
ASK MIKE MONDAYS - What’s the impact with rising interest rates?
ASK MIKE MONDAYS - What’s the impact with rising interest rates?
ASK MIKE MONDAYS - What’s the impact with rising interest rates?
ASK MIKE MONDAYS - What’s the impact with rising interest rates?
oldcapitalpodcast oldcapitalpodcast | 5 years ago
Interest rates have been steadily rising over the last 6 months. Michael discusses the impact of what rising interest will have on underwriting apartment transactions.
Interest rates have been steadily rising over the last 6 months. Michael discusses the impact of what rising interest will have on underwriting apartment transactions.
ASK MIKE MONDAYS - Interest Only Needed? What you should expect
ASK MIKE MONDAYS - Interest Only Needed? What you should expect
ASK MIKE MONDAYS - Interest Only Needed? What you should expect
ASK MIKE MONDAYS - Interest Only Needed? What you should expect
oldcapitalpodcast oldcapitalpodcast | 5 years ago
Interest only can certainly help the cash-on-cash returns on your investment. If you are purchasing a broken property- deferred maintenance, bad management, bad occupancy; you need some type of payment relief during times of weak cash flow. Having an interest only period during the renovation is certainly typical for a BRIDGE type of loan. Banks typically don’t like to do lots of interest only…because the bank regulators don't like interest only. Most community banks on bridge loans will onl...
Interest only can certainly help the cash-on-cash returns on your investment. If you are purchasing a broken property- deferred maintenance, bad management, bad occupancy; you need some type of payment relief during times of weak cash flow. Having an interest only period during the renovation is certainly typical for a BRIDGE type of loan. Banks typically don’t like to do lots of interest only…because the bank regulators don't like interest only. Most community banks on bridge loans will onl...