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

Spencer Burton helps manage a $45 billion real estate portfolio. This Ivy League graduate is a gate keeper to one of the largest real estate groups in the country. He and his team help determine whether their group should invest in a specific real estate opportunity. As you can imagine, those determinations are done through careful analysis and with lots of responsibility. Do you wish you could see his models? Or…even use his models? Spencer and his business partner, Michael Belasco started the website ADVENTURES IN CRE. This dynamic and always updated website offers investors the same 'sizing models' that he uses professionally. Lane and Spencer discuss why having the best financial modeling system will make you look smart to your investors and enhance your skills in making a buying decision. To contact Spencer Burton: adventuresincre.com To contact Lane Beene: [email protected]

Michael discusses future acquisition strategies with an apartment buyer. Michael has concerns about ownership focus and time management when looking to diversify into other markets. Most larger apartment markets have buying opportunities within their markets. Unfortunately, many potential buyers don't focus on a specific market to get an in-depth relationship with listing agents, local management companies and vendors (HVAC, plumbing, electrical) and tend to bounce from one market to another. That can be challenging for apartment operators that need efficiency.

Lane Beene is with Pilot Properties and owns almost 700 apartment units. This recently retired Lt. Colonel graduated from the US Air Force Academy and flew combat F16's for over 28 years. Less than 15 years ago, he started with one single family home and turned that into a large multi-million dollar apartment portfolio…all during the time he was serving in the military. He is direct. He is smart. You need to listen to him if you are new to real estate investing. In today's podcast, Lane looks back on 2019 and discusses some investing lessons he learned this year. He gives you a realistic takeaway on rates of returns that investors should expect when investing in class B & C apartments in north Texas. Lane talks through 2020 and gives you some insight on some economic indicators that you need to recognize before investing. To contact Lane Beene: [email protected]

Are apartments values and prices too high? Michael chats about the direction of the apartment industry today. Do we have enough apartment supply? Too many apartments being built; too little? A lot of the apartment value is based on the expectation of job growth. What geographic areas do you want to invest in- has job growth? Also...follow Michael Becker's rule #1: Don't buy in the hood!

Benit Gupta was born in Nepal. He came to America for a better life with only $2000 in his pocket. He put himself through college and got into the rat race. After 10 years…he and his family wanted something different; he wanted to use real estate to build wealth and passive income streams. He did not want to make a costly investing mistake…so he became a member of a national education/mentoring organization. YES… he paid a fee to join and received specific education on apartment investing. In the bigger picture…it was a small fee… relative to a potential very expensive lesson that could have crippled him. Today, using his real estate education, he invested passively in several transactions and has been a general partner on a few of his own. Wow! Not a bad…American success story. Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn more about Michael Becker's Real Estate Syndication business with SPI Advisory LLC.

Darwin German is a PROUD apartment syndicator. He has been investing, operating and brokering commercial real estate for over 30 years. In the past, he has owned or managed over 8000 units. Today, through investor syndication he delivers housing to over 1500 families. He has over 400 individual investors and provides a living wage to his 50 employees. He is filled with great stories in owning and operating apartment buildings. In today's podcast Darwin gives a quick mental checklist on getting a transaction completed. He shares the purchase of Saginaw Crossing Apartments in a suburb of Fort Worth and its crazy back story.

Occasionally, seller financing is an option to purchase a multifamily property. The seller becomes the lender. A regional bank…or Fannie Mae is not used to finance an apartment building. Michael discusses what he is seeing today in today's market and why or why not seller financing is used.

James "The Professor" Eng goes through the highlights of the two-day 2019 Old Capital Multifamily Conference at the House of Blues in Dallas. Almost 700 apartment investors attended the annual networking and educational event at the end of October. James gives you a breakdown of the different speakers and topics that were featured. Kim Betancourt, top economist with Fannie Mae, spoke about apartment demand and what you should be looking for today. Michael Becker hosted the top producing apartment listing brokers in Texas. Paul Peebles spoke with the most active apartment bankers and what they are lending on today. Brian O'Boyle Sr. moderated the "Rocking Chair Panel." These five apartment owners and managers, have been active for over 30 years, gave great advice to the newer apartment investors. Finally, college football icon, Lou Holtz spoke about "doing the right thing" for your investor partners, lenders, and tenants. Wow! This was a wonderful conference; hopefully you will be able to attend next year. Watch this short video: https://www.facebook.com/7917265/videos/10114240630948300/ Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn more about Michael Becker's Real Estate Syndication business with SPI Advisory LLC.

Michael shares his opinion of a syndicator that doesn't put any of their own funds into a deal, but wants you to invest your money. Some new apartment syndicators or new managing members are under the impression that they do not need to put any of their own money into a deal that they are putting together. Michael, gives a lending war story or two from years ago when he was a banker.

Investors will only invest with you when they know, like and trust you. Perhaps a holiday party would be a good opportunity to build a deeper relationship with your investor. The guys discuss a "relationship building" activity that some investment groups use around the holidays.