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

Mike breaks down his assessment on comparing rental comps within a submarket. Becoming a student of the different apartment markets in your buying areas will help.

To be competitive in apartment investing you need great information. The top producing agents at ARA- DALLAS have great information on what is happening around the state. They discuss the current state of the apartment market, amenity trends and how to win a deal. Being well prepared in presenting an offer and having your team (Key Principal's, real estate attorney, MF general contractor, lender, etc.) positioned together is critical in winning a deal. It may not always be the highest offer that wins a deal...BUT ALL sellers want to see execution certainty. Having a team formed before you offer… certainly will help your story. The ARA- DALLAS office will close over $1.5 billion in apartment transactions in 2018. They know the market. Jakob Andersen [email protected] Richard Furr [email protected] Bart Wickard [email protected] To receive our FREE 15 page updated 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.

Many apartments may have retail or office space included within an apartment structure. A small grocery store, a coffee shop, or a nail salon can be the typical retail store you may find attached to the apartment building. Mike explains what to look for when purchasing a mix-use property.

Bhuvan & Pratima Sharma needed to make a change….a huge change. Unfortunately, a few years ago, most of Bhuvans' & Pratimas' retirement was wiped out when the company that they both worked for… filed for bankruptcy. Yikes!! They had to re-group and figure out what to do next. They concluded that buying a hard asset through real estate investing was the best idea. In less than 5 years and through apartment investing, Bhuvan was able to quit his corporate job and now has his retirement secured. Listen to how Bhuvan and Pratima purchased over 500 units in the last 18 months. Can you do that? Contact info: [email protected] To receive our FREE 15 page updated 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.

To promote affordable housing, some older properties may have an income restricted LURA. A LURA is a LAND USE RESTRICTION AGREEMENT. It runs with the deed. This recorded regulatory agreement may restrict the amount of rent you can charge a tenant, based on the tenant's income. If you rehab a property and are expecting to increase rents to justify the cost…a LURA may prevent you from being able to raise rents in the future. Make sure you ask the seller's agent if the property has a LURA.

Friends become partners; finding the right partner is critical to your success when buying apartments. If you have a full time job and life commitments, but still want to own apartments… you may need to find a complementary operating partner. Today we chat with Kristalee Thomas and Larry Troy. Kristalee and Larry are great partners and friends. Kristalee and her husband David have full time jobs and are parents of infant twin boys. As you can imagine, they are very busy. After making several passive investments in other investor's transactions, it was time for Kristalee and David to step up and purchase their own deal. Larry is semi-retired. After 30 years in the communications industry, Larry wanted to pursue real estate investing. He also invested passively in several apartments; and now was ready to lead his own deal. Also, he had the time to be an operating partner. 'Time' was something that Kristalee and David didn't have. These friends teamed-up and purchased a large property together. To contact Larry or Kristalee: [email protected] 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.

Michael shares a success story of an investor that sold a NEGATIVE CASH FLOWING four-plex in California and replaced it with a large apartment building in Texas that produces a LARGE CASH FLOW stream. Can you do that?

On your operating statement, utility costs -paid by the landlord- can be a HUGE expense. Utilities can include water, electric, gas, sewer, and garbage. On the podcast today is Katie Anderson with Save Water Co. Katie and her company help to reduce the amount of water that is consumed on the property with low flow toilets, leak detection, aerators, and shower heads. Water is money. The ever increasing cost of water and sewer can be very expensive for a landlord and tenant. Listen to how Katie can have a direct impact on lowering water consumption, which lowers water & sewer expenses and thus increasing NOI and valuation of the property. To find out more information on Save Water Co: [email protected] 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.

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.