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

Michael discusses the several ways that owning apartments can help you. Here are some ideas: monthly passive cash flow on a stabilized property, professional 3rd party property management, up to 80% leverage on apartment financing is available, tax advantages with depreciation, you own a hard asset that historically tracks with inflation.

Here is a "real" REAL ESTATE NIGHTMARE SCENARIO. You find the perfect apartment building; and then after negotiating with the seller and the seller's broker…you are awarded the transaction. You put the property under contract and begin your physical due diligence. Everything is thumbs up and now you spend thousands of dollars on the lenders third parties. (appraisal, engineer, Phase 1 reports and legal) The loan is approved and you have raised all the equity from your investors. The loan documents are at the title company waiting for you to sign and close on the transaction. Everything is ready to go…BUT…on the day you are going to sign….you get a panicked call from the title company saying that the seller cannot sell property due to their LOAN LOCK OUT PERIOD. What? What is a loan lock out period and why is that preventing me from buying this property? Why was that not disclosed before you spent thousands in pursuit costs? Yikes!! Dustin Lapacka tells us that story and then reflects on his new apartment purchase in Arizona that did close. Dustin successfully purchased a 70 unit building that was built in 1985. We appreciate Dustin sharing his story, so we can all learn. To contact Dustin Lapacka: [email protected] To contact James Eng: [email protected] To receive our FREE 15 page WHITE PAPER REPORT on the 2017 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.

Most investors have stocks, bonds and cash in their retirement portfolio- listen to Michael explain the reasons why you should consider a specific kind of commercial real estate to own- apartments. Michael breakdowns the different types and challenges of commercial real estate; office, retail, industrial & land and explains why apartments are the best property type to own.

Greg Willett is the Chief Economist for Real Page. Real Page is a technology & data analytics company that focuses on multifamily. They provide property management software for over 12,000,000 apartment units in the nation. The data that Real Page collects- assists owners, investors, and lenders to determine apartment trends and movements. Greg is a wealth of information that will help you understand on what is happening in the apartment industry. https://www.realpage.com/mpf-research/ To receive our FREE 15 page WHITE PAPER REPORT on the 2017 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.

Mark Allen is with SVN's office in Dallas. He is a licensed apartment Realtor and has a podcast focused to apartment buyers. Mark interviews Michael Becker on the challenges of deal flow.

Listen to what the LOAN DECISION MAKERS are looking for to approve your apartment loan. We had an in depth discussion, in front of over 450 investors at the Old Capital Multifamily Conference, last month in Dallas. You will take away a few nuggets of underwriting information that will help you succeed in financing your apartment transaction. To receive our FREE 15 page WHITE PAPER REPORT on the 2017 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.

Obviously a T12 and rent roll will be needed to make a legitimate offer to purchase an apartment property. Also, Michael discusses some of the pitfalls looking for the OFF MARKET deals

We sit down with the loan officers at Old Capital and listen to an update on commercial real estate lending. To contact James Eng: [email protected] To contact Les Meisl: [email protected] To contact Ricardo Hinojosa: [email protected] To contact Dave Walls: [email protected] To contact Jonathan Ferrell [email protected] To receive our FREE 15 page WHITE PAPER REPORT on the 2017 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.

A timely question; Michael and his team are currently assuming a FHA loan. FHA is a federally guaranteed program under the government's Department of Housing and Urban Development (HUD). FHA Loans can be used for the purchase/refinance as well as the construction/ substantial rehabilitation of multifamily or healthcare properties. Loans are non-recourse (except standard carve-outs) and rates are very competitive with 35-40 year fixed terms and amortizations. FHA are available nationwide and are available for any market (primary, secondary, tertiary). Michael describes some of the benefits and challenges with FHA financing of large apartment buildings.

Wow! How would you like to work on two separate purchase transactions at the same time? These investing partners found themselves with two accepted LOI's. They could have dropped one and focused on the other one…but they and their investors decided to move forward with these two purchases. Menon and Ajai are investing partners. Menon lives in Northern California and Ajai lives in Dallas. After submitting numerous LOI's, their offers on Magnolia Woods (240 units) in Atlanta, Georgia and The Carlton Apartments (108 units) in Fort Worth, Texas were accepted. Menon explains on why he made the decision to invest in apartment education and mentoring BEFORE he invested in apartments. Ajai, expounds on some of the challenges they found on takeover of both properties. To contact Ramakrishna Menon : [email protected] To contact Ajai Sharma: [email protected] To contact James Eng: [email protected] To receive our FREE 15 page WHITE PAPER REPORT on the 2017 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.