Old Capital Real Estate Investing Podcast With Michael Becker & Paul Peebles

Michael discusses the mechanics of pushing over a letter of intent to the seller and how to get that offer accepted.

This was the title to the recent Jake & Geno Podcast that featured the “Michael Becker” story. We love that story and wanted to hear it again. Michael went from a lonely, top producing commercial real estate banker to the popular, apartment owner that we all know and love today. After 15 years in banking, Michael went from a “loaner to an owner.” Are you an engineer, doctor, or attorney and tired of being a “corporate monkey?” You will be inspired after listening to this podcast. To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.

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?

The Old Capital Lending team discusses the current apartment lending environment and what you should be aware of when structuring your transaction. James Eng shares his article on “The 7 Things Buyers Need to Do to WIN DEALS.” http://www.oldcapitalpodcast.com/blog/ To Contact a Loan Officer at Old Capital: James Eng: JENG@oldcapitallending.com Richardo Hinojosa: RHINOJOSA@oldcapitallending.com Hans Box: HBOX@oldcapitallending.com Jonathan Ferrell: JFERRELL@oldcapitallending.com Les Meisl: LMEISL@oldcapitallending.com Dave Walls: DWALLS@oldcapitallending.com John Brickson: JBRICKSON@oldcapitallending.com To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advi

Michael gives specific examples on what to consider when assessing a property that’s in a little tougher area of town.

Lane Beene buys value added properties. He seeks distressed apartment assets in nice and mature neighborhoods. Many investors search for these ‘holy grail’ of opportunities. Many seek, but few find. Recently, Lane purchased three separate apartment buildings that needed repositioning. He shares his story on how he found these apartments and the amount of rehab that was necessary to reward him and his investors. He did such a good job, that the Fort Worth Apartment Association awarded him Apartment Owner of the Year. His smaller property competed against many large 300 unit- Class A- REIT owned properties. Unbelievable!

Michael discusses some basic real estate economics that he is observing in the apartment marketplace.

JC Castillo has been investing in apartments for 12 years. He lives in Northern California and owns and operates properties over 1800 miles away. How can you find, purchase and operate properties from a distance? JC has some inside tips on how to build relationships with listing agents so you get selected in best and final and then have agents bring you the elusive “off market” deal. JC is a relationship buyer of apartments. He sets the expectations up front with the listing agent on closing on time and with as little difficulties for the seller. JC has created the Apartment Investor Network in San Jose, California. This apartment group will bring other apartment owners and investors together on a regular basis to network. The Apartment Investor Network will bring in industry speakers to discuss the latest information on apartments. To RSVP to the MAY 2 event with COSTAR APARTMENT ANALYST DAVID KAHN in San Jose, CA: https://www.multifamgroup.com/events/ To receive our FREE 15 page WHITE PAPER REPORT on th

Nick Fluellen and Bard Hoover are the top apartment brokers in the Marcus & Millichap office in Dallas. Their team did more transactions in 2017 than any other office in Texas. These top producing apartment brokers discuss the positive ‘tea-leaves’ that they continue to see in Dallas commercial real estate. Dallas investors continue to enjoy the fundamentals of population growth, rental affordability, and job growth. Also, Nick & Bard discuss some of today’s challenges with lower leverage on transactions, contraction in cap rates and higher interest rates. To get more information about Fluellen Hoover Multifamily: https://www.facebook.com/FluellenHooverMultifamily/ To get multifamily opportunities from Fluellen Hoover Multifamily: http://multifamilyadvisors.com/ To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learn

Today, many apartment sellers are giving apartment buyers two pricing choices. Many sellers have large prepayment penalties on their debt; so they give new buyers two prices. One, if they assume the sellers debt the cost will be lower. Two, if they force the seller to payoff their debt and occur a large prepayment penalty the cost will be significantly higher. Listen to Michael discuss the options.

Bryon Hammer is a contracts attorney. He advises buyers on how to structure real estate purchase sale agreements to buy apartments. Before you sign a sales contract; you will want to visit with an attorney that works with real estate contracts every day to advise you on what language needs to be included. Bryon discusses various topics in the podcast including: title commitment and review, earnest money, due diligence period, reps and warranties and default remedies. To contact Bryon Hammer: bhammer@bwwlaw.com To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.

All investors must ask their DEAL SPONSOR at the beginning - How and when, am I going to get my money back? Michael explains that matching your exit strategy to your debt is very important. Also, you must understand how large prepayment penalties on apartment loans play into your decision to sell.

Cory and Candice Muldrow are unique millennials. They focused on the goal of owning real estate and now are achieving great results. Not all millennials will sacrifice today to have a better life for tomorrow. To contact Cory or Candace: mgroupcapital.com To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.

Both Fannie Mae and Freddie Mac need someone or a few folks, within the investment group, to become the fiduciary on behalf of the partnership. They typically want a natural person to sign a “guaranty” between the lender and the partnership for a non-recourse loan. Michael explains some of the benefits and concerns if you sign on behalf of the borrowing partnership.

David Kahn is an economic analyst for CoStar Group. CoStar Group is the leading provider of commercial real estate information, analytics and online marketplaces such as apartments.com & loopnet.com. David discusses national and local economic trends for apartment owners, developers, and passive investors. In this discussion, David focuses on the Dallas-Fort Worth metropolitan area, specifically on apartments. He illustrates current apartment trends based on the continued expansion of jobs in DFW. David also points out the slowdown on the percentage of annual rental growth and the solid occupancy rates throughout the metroplex. To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business wi

Michael and Jonathan Ferrell discuss the economic assumptions that investors must make when purchasing a property.

Robert Helms has a passion for real estate. He is the co-host of the very popular Real Estate Guys podcast and has been educating investors for over twenty years. Investing is a team sport. To get bigger faster, you need to be able to successfully syndicate real estate transactions. Robert shares some his most essential secrets. To train with Robert Helms at the Secrets of Successful Syndication: https://ap216.isrefer.com/go/soss/A0013/ To sail with Robert Helms & Robert Kiyosaki & Michael Becker at the 16th Annual Investor Summit at Sea- 7 days on the ocean with the experts https://ap216.isrefer.com/go/summit/A0013/ To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SP

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.

Rupa Keskar has bought and sold over 1000 apartment units, but she hasn’t purchased a property in 18 months. Now, after 100 LOI’s, 40 property visits, numerous times at Best & Final… she is finally under contract with another property. Listen to the trials and tribulations of a real apartment investor trying to find the right transaction. Also, Rupa shares some investing lessons that has helped her. To contact Rupa Keskar: prasiti.com To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC

There are many ‘hot markets’ in various metro areas of the country. Charlotte is comparable to Dallas; Michael chats about similar markets and what he would invest in today.