ASK MIKE MONDAYS - Michael, what do you read?

Michael discusses what he reads on a daily basis and what helps him understand the big picture in apartment investing. If you come across interesting and supportive investing articles; share some of those articles with your investors. Michael, uses the example of Apple adding thousands of jobs in the same submarket of an apartment building that he owns. He also makes comments after the article on how this will impact their investment with a brand new campus a few miles away. Communicating that information to your investors, helps reinforce a good investing decision by them.

Episode 170 - How to Achieve More Success by Teaming up with a “talented partner”

Justin Martinez and Matt Picheny are business partners in a 132 unit, two property portfolio in Lawrence, Kansas. Justin lives in Dallas, and Matt lives in Boston, we discuss how they found this opportunity near the University of Kansas.
Success in real estate just doesn’t happen overnight. You must take action! Many new investors go to real estate conferences to get educated and networked with like minded folks. Matt met Justin at an educational and mentoring conference and found they had common ground. Prior to meeting Justin, Matt had only purchased single family homes and had never purchased an apartment building. Matt leveraged Justin’s past ownership and management experience in over 1200 units to help him purchase a large apartment building. If you DO NOT have current multifamily ownership real experience; you will need to find a partner that brings a set of skills that you are lacking. Listen to how Matt and Justin came together to purchase a large apartment building. Teaming up can bring success faster.

Property website: sunriseapartments.com
To contact Justin Martinez: SkyCastleProperties.net
To contact Matt Picheny: Matt@MJPPG.com

To receive our FREE page WHITE PAPER REPORT on the (updated) 2019 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming educational 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 more about Michael Becker’s Real Estate Syndication business with SPI Advisory LLC.

ASK MIKE MONDAYS: Michael, I am buying an apartment building, what due diligence items should the seller produce?

ASKING and GETTING are two different things when dealing with a seller. Michael explains what critical financial and physical information you must ask the seller to produce before your earnest money is at risk. Make sure you download Michael’s “DUE DILIGENCE CHECKLIST” at the Old Capital Podcast website at OldCapitalPodcast.com. This CHECKLIST gives you the best breakdown of items you need to review.

Episode 169 - IS THE APARTMENT CRASH COMING? CoStar Analyst/ Economist David Kahn

CoStar Group’s David Kahn illuminates the “big picture” behind apartment investing in Texas. Before you invest, you need to know some of the basics: What can you expect in annual rent appreciation? How are occupancies on B & C apartment properties? Where are the new jobs being created? What are those jobs paying employees? What can you expect with cap rates in the future? What location should we invest in DFW? Where are the new apartments being built? Please take notes.
If you want to get a copy of David Kahn’s presentation please send an email to ppeebles@oldcapitallending.com
To receive our FREE page WHITE PAPER REPORT on the (updated) 2019 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 168 - How did two “smart guys” come together and buy over 400 units in less than 18 months?

Shane Thomas and Prashant Satoskar did not know each other 2 years ago. Shane and Prashant met at an apartment educational/mentoring group meeting. They immediately recognized that by working together it would make their investing partnership stronger. Both guys brought in strengths to the team. Today, they own 3 large apartment buildings. To go bigger (more units) and go faster (shorter time frame) - it’s important to meet as many fellow investors that share your common goals. Networking within the apartment investor community is critical. If you are looking for equity, vendors, or partners; it’s important to attend and network with as many qualified folks as possible.
In many markets within the country, trying to win a deal is super competitive. Sometimes, you are not the original choice of the seller. Shane and Prashant discuss winning and closing two deals AFTER they were not originally chosen. Coming in second may feel like coming in last…but many times, the original buyer cannot perform. Keep the faith.
To contact Shane Thomas: shane@catequity.com
To contact Prashant Satoshar: prashant@catequity.com
To receive our FREE page WHITE PAPER REPORT on the (updated) 2019 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 167 - What are SMART APARTMENT REIT MANAGERS investing in today? What they know and what you need to know!

Apartment REIT’s (REAL ESTATE INVESTMENT TRUSTS) own thousands of apartment units throughout the country. They own all different types of apartments; from brand new buildings in downtown urban areas to older properties in the suburban markets. These apartment managers and executives get together once a year to discuss the latest insights and market intelligence in apartment ownership. The 2018 NAREIT meeting was in San Francisco in November and featured some of the brightest minds in apartment ownership. James discusses investor fundamentals that large apartment ownership groups already know and what you need to find out. Listen to what specific cities these institutional apartment owners are buying in and what they are doing to push NOI. These institutional apartment buyers are just like you… buy a good marketable asset, in a good area…fix the problem, stabilize the asset, hold for cash flow or sell for a profit. Learn pro-tips from these professional investors.
To contact James Eng: jeng@oldcapitallending.com
To receive our FREE 15 page WHITE PAPER REPORT on the (updated) 2019 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.

SPECIAL EDITION: Help US - Help THEM Hoops for Homelessness

Saturday, March 30   7.30a - Noon‬
‪Southern Methodist University- Dedman Center  Dallas‬

‪Hoops for Homelessness is a 3 on 3 half court basketball tournament hosted by Old Capital in order to raise money and awareness for the charity organization City House.‬

‪City House is dedicated to providing homeless children and teens in North Texas with emergency shelter and transitional residential services.‬

‪We need YOU to play!!  It will be a great way to network and compete with others in the apartment industry, while at the same time supporting a great cause.‬
‪Please join us for this event.‬