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

After finding the right property; selecting the right property management company is the MOST important decision that an ownership group must determine.

The father and son investing team of Jody Ambrose & J.D. Ambrose just purchased a large multifamily property in Texas. After looking for a building for almost 5 years, Jody & J.D. found the right property. Pineview Apartments has 152 units. They originally invested passively into someone else's transaction, then they figured out pretty quickly that they wanted to lead an acquisition team and purchase a large apartment building. They had specific investment criteria that they needed to be met before they would move forward with a purchase. Over the next few years, the Ambrose's searched for the right property. They looked at over 50 large apartment properties for sale and offered on several. In the podcast, Jody and J.D. explain their journey on finding the right property. To contact Jody Ambrose: [email protected] To contact J.D. Ambrose: [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.

It is a REQUIREMENT to do a thorough analysis of the neighbourhood crime stats and school ratings when you are thinking about investing in an apartment building.

If available, retaining some or all of the existing staff can give you immediate inside knowledge on some of the property secrets that you did not uncover during due diligence.

Scott Henderson started in the apartment industry in 1982. He has learned some valuable lessons in apartment investing and brokerage over the last 35 years and shares them with you. He gives listeners a unique perspective on some historical events in the apartment industry and his assessment on what is going on today with apartment investing. Items that you should be aware of: -What caused the Savings & Loan Crisis and the impact it had on the apartment industry. -How over building can affect a market. -What caused the last major recession in apartment investing? -Is the current euphoria in apartment investing a bubble or reality. Perhaps a little bit of both. To contact Scott Henderson: [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.

Michael gives some general rules of thumbs on how to "stress" your underwriting for a future valuation on the exit.

In this podcast we speak with 4 lead-partners that came together to buy a 152 unit building in Waco, Texas. We discuss how they met, how they found the property and what they liked about the asset and of course…how they will make it profitable for their equity investors. To contact Kevin or Daniella Dhillon: dhillonpartners.com To contact Bryant Ho: [email protected] To contact Angel Flores: [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.

Michael discusses what you should do to protect yourself right BEFORE you sign your loan documents and close on an apartment building.

The quarterly loan officer roundtable is an internal discuss with some of the loan officers at Old Capital on what is working or not working with lending. Jonathan Ferrell is introduced to the listeners. Jonathan joined Old Capital as a Senior Director. Jonathan has over 14 years in banking and is an expert on financing commercial real estate. James Eng gives us macro-economic feedback on how some of the different apartment markets are doing in Texas and the nation. Ricardo Hinojosa shares the importance of property management and getting them engaged early in the transaction. Looking at rental comps in the submarket and then building a an initial rehab budget early on with a qualified property management company, can save a ton of time on a deal that may not work. Ricardo goes onto explain some REFINANCE CASH OUT GUIDELINES for Freddie Mac Small Balance loans. Dave Walls talks about the challenges with affordable housing. Jonathan Ferrell stresses the importance of having the right budget numbers upfront when you apply for the loan because if it is slightly off your reimbursements for draws will have an impact. Check and double check your budget numbers, please. Les Meisl speaks about underwriting guidelines with Freddie Mac Small Balance and the MAXIMUM loan leverage you can expect for a refinance- cash out or even a purchase. Smaller, remote cities in the US can have lower leverage requirements than larger cities. Meaning, max leverage in Chicago will be 80%, but max leverage in Tupelo, Mississippi is 70% with Freddie Mac. One size of town will not fit all! Make sure you contact us to find out what the maximum leverage you can expect. Thanks for joining the conversation. To contact James Eng [email protected] To contact Ricardo Hinojosa [email protected] To contact Dave Walls [email protected] To contact Les Meisl [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.

Michael gives reasons on why he would NOT build large apartments at this time.