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

Get to know these guys. Jon Krebbs and Paul Yazbeck are with The Multifamily Group in Texas. They sell 'B & C" apartments in north and central Texas. Before creating their own regional brokerage firm, they were top brokers for a national commercial real estate firm. Today they have 9 sales brokers concentrating on apartment listings between $5-15 million. Jon and Paul chat about the state of the apartment market and what they are seeing as opportunities right now. Paul gives some insight on what is happening in Killeen, Texas today. Killeen is near the largest US ARMY base in the world, Fort Hood. Killeen is larger that Waco, Texas and just an hour north of Austin. This could be an area that you will want to explore to buy an apartment. Jon and Paul give you an idea on what buyers need to do to 'win' a deal these days. They also discuss where the better rental growth markets are at in Texas and where to invest. https://multifamilygrp.com To contact Jon Krebbs: [email protected] To contact Paul Yazbeck: [email protected] 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.

Get out!! Really, Get Out there and meet people that will help you. Professional apartment brokers control the majority of the opportunities in your market. How do you meet them? Michael shares his knowledge on what you should do to meet these 'gate keepers' and how to build quality relationships.

Alex Clark has purchased 113 apartment units and loves being in charge of his own destiny. Recently, Alex quit his high technology job and now invests in multifamily full time. It just didn't happen overnight, Alex had a game plan. About 20 years ago and while in college, his car's transmission went out during afternoon rush hour traffic in Dallas. Unfortunately, he and his car were broke; very broke. On the side of the road, he had a visualization of what his life should be like in the future. He dedicated his life to finding a better way. He explored different options for success. He tried saving money, investing in stocks and bonds, buying gold…BUT he absolutely felt in control of his destiny by acquiring investment real estate. Listen to Alex's journey from buying his first 18-unit property to his most recent 71-unit. He is 100% focused on helping apartment investors and his communities. A great story of achievement! To contact Alex Clark: [email protected] 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 discusses a simple checklist to apartment investing success. Education is number one! Learn about what you're investing in. Mentoring and education programs are an excellent way to gain knowledge quickly. BUT…Listening to podcasts on apartment investing or joining apartment investing Meetup groups in your area can also help increase your awareness.

Lane Beene is with Pilot Properties and owns almost 700 apartment units. This recently retired Lt. Colonel graduated from the Air Force Academy and flew combat F16's for over 28 years. Less than 15 years, 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. You wouldn't build a home without a set of plans. How do you invest in multifamily without a plan? You need a written strategy. Today, Lane challenges you to create your initial multifamily investment "blue-print." Also, Lane wants you to understand that identifying a property in the 'right' location or market is equally important to your success. To contact Lane Beene: [email protected]

Michael explains that todays low rate environment can benefit many apartment buyers with lower debt costs, BUT will exponentially increase the yield maintenance prepayment penalty costs for sellers. Lower rates may mean more loan assumptions in the future to avoid the yield maintenance cost.

Lane Beene is with Pilot Properties and owns almost 700 apartment units. This recently retired Lt. Colonel graduated from the Air Force Academy and flew combat F16's for over 28 years. Less than 15 years, 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. He guides you through his real estate decision tree. He examines the '4' doors that will have an impact on how you size up a real estate investment. To contact Lane Beene: [email protected]

Michael owns over 5000 apartment units and he still uses an independent 3rd party property management company to oversee his portfolio. Michael discusses the reasons why he doesn't self manage. Also, Michael examines what an apartment ASSET MANAGER does for the partnership.

In the Midwest, around this time of the year, many apartment owners face the risk of bad weather that can destroy your asset. Darwin German's 161 unit apartment building was recently hit by a tornado. It destroyed the roof on two buildings and affected 14 units. Fortunately no tenants were killed or hurt. We discuss what he did when he originally got the call that the tornado hit and now his plans on the rehab. In the second part of the interview, Darwin explains language in his bank loan documents. Darwin refinanced a large apartment building with bank financing. The language in your loan documents is important. When you borrow money, the lender will have language and covenants that will always be slanted protecting the lender in case of default. Darwin goes through his bank loan documents and highlights some of the language that he and his attorney pushed back on with the lender. Having a seasoned "contracts" attorney to represent you in negotiations with the lender will help in your success. To contact Darwin: [email protected] https://www.darwingerman.com/ 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.

Bruce and Stephanie Petersen have purchased over a 1000 apartment units in the last few years, but they would not have done it unless they had a mindset change. The change was from being a W-2 employee to a real estate entrepreneur investing in apartments. For over 18 years, Bruce was a hard worker in retail sales; often working over 80 hours a week and savings his money. He knew that there was a better life out there. After participating in a multifamily education and mentoring program; he got the confidence to start buying apartments. Stephanie discusses her journey from being a former single mother and owning a few single family rental properties to becoming a key decision maker in a large apartment portfolio and what she does to advocate for her tenants to make a true sense "of community." To contact Bruce or Stephanie Petersen: APT-GUY.com 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.