ASK MIKE MONDAYS - Tell me the 5 different ways that OWNING REAL ESTATE HELPS YOU

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.

Episode 116 - NOT EVERY TRANSACTION CLOSES: Dustin Lapacka explains what happened on his first transaction

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: LapackaREI@yahoo.com
To contact James Eng: JEng@oldcapitallending.com

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.

ASK MIKE MONDAYS - NOT A DUMB QUESTION - Tell me the benefits of owning apartments

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.

Episode 115 - Want to know what’s going on within the apartment industry? LISTEN TO THIS GUY

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.

Episode 114 - Old Capital Multifamily Conference LENDERS PANEL: Fannie Mae, Freddie Mac and Bank lenders are featured.

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.