57: Qualifying for Multifamily Apartment Building Loans f/ Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles

#57: Keith comes to you from Little Rock, Arkansas today. Our guest is Old Capital Lending's Michael Becker of Dallas, TX, to tell us about originating Multifamily Apartment Building loans. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter. 2) Receive Turnkey RE webinar opportunities. Listen to this week's show and learn: 01:05  Keith is in Little Rock, Arkansas this week for an investment real estate tour. 04:53  Michael Becker of Old Capital Lending appears. 06:50  Single Family Homes vs. Multifamily Apartment advantages / disadvantages. 08:57  Recent happenings in this lending space. 10:20  Loans for 5+ unit residential property are called commercial loans. 11:55  Multifamily commercial loans are primarily qualified by the asset, not the borrower. 15:48  Residential 1-4 lending is like a formulaic science; multifamily commercial 5+ is closer to an art. 17:48  Debt Service Coverage Ratio (DSC or DCR). 1.25 minimum is typical. 19:00  How much liquidity do you need for a multifamily loan? 21:12  Borrower credit scores. 24:10  Loan duration. 26:08  Balloon payments, Pre-payment Penalties, Assumable Loans. 29:26  Recourse vs. Non-Recourse Loans. "Bad Boy Carve Outs." 31:26  Can you buddy up with friends to buy a big apartment building together? 34:38  Qualifying for multifamily property loans out-of-state. 35:49  Higher closing costs for apartment building loans 39:32  How many states does Old Capital lend in? Resources: OldCapitalLending.com - Multifamily / commercial lending. SPIAdvisory.com - Michael Becker's syndicating company. MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties. NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Turnkey Cash-Flow Investment Property. GetRichEducation.com - that's where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events. Download the GRE Android App at Google Play to keep the GRE icon right on your phone's home screen! We would be so grateful if you wrote a review! Here's how to write one at: iTunes, Stitcher, and Android. To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: [email protected]