Hello and welcome back to the Think Multifamily podcast!
Today, Mark is going to be discussing Interest Reserves & Cap Ex. He will explain what they are, when we should use them, and if it’s even a good idea to use them.
He will also guide us on how to negotiate these things with your bank or lending institution. Mark will also explain whether replenishing your interest reserves is necessary and what it implies for your investment.
Getting the details on Interest Reserves and Cap Ex can assist us in choosing the most suitable lender when making a multifamily property investment.
Later, Mark will discuss ‘Capital Expenditures’, or ‘CapEx’, which refers to money spent on improvements or major repairs done to the property.
Later, Mark will discuss ‘Capital Expenditures’, or ‘CapEx’, which refers to money spent on improvements or major repairs done to the property.
He will explain about submitting a DRAW request for reimbursement from the lender, after the work is completed.
So buckle up and prepare to dive into a wealth of knowledge about interest reserves and CapEx with Mark Kenney.
Stick around because you won’t want to miss this episode!
Let’s Listen in now.
