Episode 143 - INDUSTRIAL WAREHOUSE INVESTING; a possible alternative to multifamily investing

Trying to acquire an apartment building today can be challenging in this hyper competitive market. Perhaps you need an alternative property type to consider. In today’s podcast we explore industrial warehouse investing. Tim Veler is an industrial warehouse sales & leasing associate with Transwestern in Dallas. He assists investors in buying industrial warehouse properties. Industrial warehouse tenants can be furniture manufactures, printers, import’ export distributors, fabricators, logistic companies. As the landlord of an industrial warehouse building; you typically have less tenants and longer leases. Tim describes the similarities and differences with owning an industrial warehouse property to an apartment building. Listen to what is important in industrial warehouse investing.

To contact Tim Veler: timothy.veler@transwestern.com

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.

ASK MIKE MONDAYS - I am under contract and buying an apartment building. I’ve been contacted by the appraiser; what do I need to know and give them?

A lender needs to understand the value of the collateral. Even though you paid for the appraisal, the appraiser is hired and works for the bank. They will not discuss value with the buyer until after they have completed their final report. If you meet the appraiser at the property and you mention that you are going to do some specific rehab; the appraiser will more than likely add that into their report. So…be careful in speaking to the appraiser, if you haven’t confirmed those improvements. The appraiser is going to need the most updated T12 and a current rent roll. They may want to see your PROFORMA on the new property taxes and other expenses and make sure that it looks reasonable.

Episode 142 - Within 16 months, Ed Faulkner went from ZERO UNITS to 54 UNITS

A few years ago, Ed Faulkner bought a new house for his growing family to live in. The day after they moved in…his wife informed him that she HATED the house and wanted to move. Yikes! Instead of selling they rented it out. That was his first experience with owning rental real estate. He was terrified with having someone else live in their home. After a while, he got comfortable with owning rental real estate and bought a duplex. He eventually sold it and realized a large gain. He was hooked. He wanted to buy more units. Ed wanted to start with small steps in buying rental property. With a partner, he bought a 10 unit building. He has learned a lot in a short period of time. His biggest lesson is BIGGER IS BETTER in MULTIFAMILY. He learned that economies of scale were important in multifamily. His next transaction was a much bigger property with 44 units. Ed’s journey is typical of many real estate investors…he took baby steps from a single family rental , then a duplex, to a 10 unit, and now… 44 units. Could you do this?
To contact Ed Faulkner: ED@HZFProperties.com
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.

ASK MIKE MONDAYS - Do I need a buyer’s broker when acquiring an apartment building?

Buyer brokers are not common in multifamily. If you are fairly new into apartment investing, you should have a buyer’s broker represent you. If you are a seasoned apartment buyer, buyer brokers are an extension of your team and will add value. They are out looking for specific transactions that meet your vision. As a general partner you should be focused on 1) raising new equity, 2) finding new transactions. Buyer brokers can assist you in finding the right transaction.

Episode 141 - Go BIGGER and FASTER with specific apartment education & mentoring. Brad Sumrok teaches us the value of having a mentor.

Brad Sumrok is the Apartment King. He is the 2012 National Apartment Association’s “Apartment Owner of the Year.” He owns thousands of apartment units, but his passion is teaching and mentoring apartment investors. This Carnegie Mellon graduate has helped hundreds of investors earn double digit returns on their apartment investment and retire early. Brad is an apartment mentor and educates students the ‘how’ in buying large apartment buildings. If you are transitioning from single family to multifamily, you need specific education on how these transactions are put together. One critical mistake in apartment investing can cost tens of thousands of dollars. Shouldn’t you speak with an apartment mentor?
To get in contact with Brad Sumrok: bradsumrok.com
Facebook: Brad Sumrok’s Apartment Mastery
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.

Episode 140 - Want to get started in buying apartments? Start attending live networking events!

Coaching and Counseling with James Eng. Today on the podcast, James discusses the importance of networking at LIVE APARTMENT investing & educational themed events. You want to accelerate your knowledge level? Start attending apartment investing conferences, local apartment investing Meetup’s, and join a apartment education/ mentoring group.
If you are new and just getting into the Multifamily Business...you must expend the energy and go out and meet your future investing partners, listing agents, and bankers at live networking events. They are not going to come to your house or office.
James gives some examples on where you can go to network with other LIKE MINDED individuals.
Why attend LIVE events? Sponsors have two jobs. 1) Identify investing opportunities and 2) raise equity. Also, by attending LIVE events you can network with listing agents, other sponsors and deal makers, and bankers to uncover current data on the market that you won’t read online.

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.

Episode 139 - From corporate jobs to real estate investors; Bonnie & Kerry purchased over 700 units

Today we revisit with Bonnie & Kerry Staples. Bonnie & Kerry loved their corporate jobs.
They were well respected within their companies, but knew they were building someone else’s dream and not working on their own. They were originally drawn to real estate through single family investing, but after seeing the bigger picture on scalability, they wanted to invest into apartments. They hired a mentor/educator to accelerate their specific knowledge of apartment investing.
We originally spoke with them 2 years ago after they purchased their first building. They bought of a 106 unit apartment building called Casa Flores. After 18 months of rehabbing and making it into a “community”…they sold that building and rewarded their investors with a huge return.
Now, they own 3 large apartment buildings; Bella Vida with 255 units, Fairmeadows with 200 units, and Spanish Timbers with 160 units. They quit their jobs in the last 2 years and work on real estate investing full time. They have the passion to make older apartments into better communities.
Today, they are in charge of their own apartment business and working on their dream.

To contact Bonnie Staples: bonniestaples.mf@gmail.com

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.