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ASK MIKE MONDAYS - 1) Mike, when buying a CLASS C apartment, what is the largest CAP X expenditures you can expect? 2) What are the biggest mistakes when buying older apartments?

EPISODE · Jun 11, 2018 · 12 MIN

ASK MIKE MONDAYS - 1) Mike, when buying a CLASS C apartment, what is the largest CAP X expenditures you can expect? 2) What are the biggest mistakes when buying older apartments?

from Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles

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.

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ASK MIKE MONDAYS - 1) Mike, when buying a CLASS C apartment, what is the largest CAP X expenditures you can expect? 2) What are the biggest mistakes when buying older apartments?

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