ASK MIKE MONDAYS- Michael, I am now ready to go and need to find a business partner to share responsibilities with and raise equity; how do I find that?

The core skill of a deal sponsor is 1) finding apartment opportunities to buy 2) find equity from investors to invest in your deal. You can do this by yourself or you can recruit a partner to help you. Michael, discusses on how he and his business partner came together to form SPI Advisory.

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ASK MIKE MONDAYS- Michael, I am now ready to go and need to find a business partner to share respons...

oldcapitalpodcast oldcapitalpodcast | 3 years ago

ASK MIKE MONDAYS- Michael, I am now ready to go and need to find a business partner to share respons...

oldcapitalpodcast oldcapitalpodcast | 3 years ago

ASK MIKE MONDAYS - Michael, I am thinking of buying a $1 million apartment building and should I put...

oldcapitalpodcast oldcapitalpodcast | 5 years ago

Michael gives an example on apartment loan structuring and what you should consider BEFORE you lock yourself in with a future large prepayment penalty. When you are buying your first apartment building and it qualifies for a long term Freddie Mac loan, you may want to consider additional financing options if you are thinking of selling within the next 5-7 years.

ASK MIKE MONDAYS - Michael, I’m a PASSIVE INVESTOR and I am reviewing someone else’s underwritin...

oldcapitalpodcast oldcapitalpodcast | 5 years ago

IF you are a passive investor you want to review a realistic PROFORMA before you invest. Michael discusses line items on the operating statement such as rental rate growth, loss to lease, property tax step-up costs, and future labor costs. Are the assumptions from the SPONSOR too aggressive?

ASK MIKE MONDAYS - Michael, I am thinking of buying a $1 million apartment building and should I put...

oldcapitalpodcast oldcapitalpodcast | 5 years ago

ASK MIKE MONDAYS - Michael, I’m a PASSIVE INVESTOR and I am reviewing someone else’s underwritin...

oldcapitalpodcast oldcapitalpodcast | 5 years ago

ASK MIKE MONDAYS - Mike….I am a fairly new real estate operator….what should I do first?

oldcapitalpodcast oldcapitalpodcast | 3 years ago

Well….you need to find deals and find money! Building relationships with brokers, equity investors, contract attorneys, lenders, physical engineers, & SEC attorney should be your first course of action. Some folks may use LOOPNET to find their first deal and that is OK, but most SERIOUS BUYERS contact listing agents in the market. Don’t be a jerk…this is a small business and word will get around. Sound advice in any business. Michael Becker has purchased over 10,000 apartment units between...

ASK MIKE MONDAYS - Mike….I am a fairly new real estate operator….what should I do first?

oldcapitalpodcast oldcapitalpodcast | 3 years ago

ASK MIKE MONDAYS - Michael, I am thinking of investing into a mix-use property; what do you think?

oldcapitalpodcast oldcapitalpodcast | 5 years ago

Many apartments may have retail or office space included within an apartment structure. A small grocery store, a coffee shop, or a nail salon can be the typical retail store you may find attached to the apartment building. Mike explains what to look for when purchasing a mix-use property.