Old Capital Bonus Segment: Command Authority with Lane Beene - “How do you read an OPERATING STATEMENT & What’s IMPORTANT in that data?”

Lane Beene is with Pilot Properties and owns almost 700 apartment units. This recently retired Lt. Colonel graduated from the Air Force Academy and flew combat F16’s for over 28 years. Less than 15 years, he started with one single family home and turned that into a large multi-million dollar apartment portfolio…all during the time he was serving in the military. He is direct. He is smart. You need to listen to him if you are new to real estate investing.
The operating statement (PROFIT AND LOSS) shows the line items of operating income and operating expenses. Lane discusses the foundational document that helps you identity the financial performance and presents the true profitability of the apartment complex.
To contact Lane Beene: lane.beene@pilot-legacy.com

Episode 191 - Living the AMERICAN DREAM….Four immigrants bought 1400 apartment units in Texas. These EX-ENGINEERS are just like you…MOTIVATED to SUCCEED!

Boris, Oshi, Albert and Leo are friends. These friends have purchased over 1400 apartment units over the last 5 years. They just closed on a 384 unit building called Rolling Hills in Lancaster, Texas. They have come along way from their first purchase of a two property portfolio of 55 units. Recently, these EX-ENGINEERS are now full time apartment investors. WOW! Can you do that?
It was just a few years, while living in California, they wanted to invest in real estate but didn’t like their local rental climate (not landlord friendly) and discovered Texas. They started the traditional route of real estate investing by buying single family homes…and then transitioned into apartments for scalability. The guys go into detail on some of the challenges they came across (a failing two-pipe chiller, hot tenants & city inspectors) on a couple of acquisitions. They have had many successes in owning apartments. Listen to how they systematically purchase, operate and sell apartments to benefit their investors.

To contact: connectwgi@wealthgrowinvestments.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.

Episode 190 - The “Geeks” will inherent the earth. Listening to Multifamily Technologist and Apartment Syndicator Neal Bawa will make you smarter

Neal Bawa is a thought leader in multifamily. This self described “data geek” owns and operates a large apartment portfolio. By using technology and optimization of data, Neal shares what he is doing to create higher rents and a better experience for his tenants. Have you heard of reputation management? How many STARS did your property get? Everyone rates services these days. Restaurants, dentists, auto mechanics and even their apartment experience. Neal discusses the impact your property receives from its online tenant reviews. How do go from 1.5 stars to 3.5 stars and get great comments from tenants? Neal shares outstanding tips on how to improve your reputation. Also, Neal discusses some of the current concerns he has within the apartment industry. Be prepared to take notes.

To contact Neal: multifamilyU.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 - Mike, you have motivated me to buy apartments. I want to be like Michael Becker…What are the STEPS? “Show me the MONEY! Raising capital, the right way.” (Episode 3 of 5)

Start building your database of investors. One example is creating your own Apartment Investing MeetUp group in your community. MeetUp meetings are a great way to build your own investor tribe. Bring in guest speakers (contract attorney’s, bankers, title folks, self directed IRA experts, property management companies) that can share their wisdom to your tribe. Its an excellent way to become a thought leader in your community.

Old Capital Bonus Segment 3: Command Authority with Lane Beene - “Final Segment - Build Your Team and Find the Right Asset.”

Lane Beene is with Pilot Properties and owns almost 700 apartment units. This recently retired Lt. Colonel graduated from the Air Force Academy and flew combat F16’s for over 28 years. Less than 15 years, he started with one single family home and turned that into a large multi-million dollar apartment portfolio…all during the time he was serving in the military. He is direct. He is smart. You need to listen to him if you are new to real estate investing.
Lane finishes the ‘4 Doors’ of a decision tree for apartment investors. In this episode, Lane covers the last 2 doors. Door 3- Selecting qualified team members. Apartment investing is a team sport. Don’t start before you have support. Do you have the limited partners equity lined up? Do you have Key Principals that will sign the loan with you? Do you have the best contract attorney, best lender, best property management company, etc.? Build your network to success, today! Door 4- Find the apartment building and do the analysis and selection. Often, many investors think the property selection comes first- BUT... it does not! Lane provides his inside information that will help you select the right asset to pursue and acquire.
To contact Lane Beene: lane.beene@pilot-legacy.com

Episode 189 - Small Apartment Brokerage Group gets HUGE results

Get to know these guys. Jon Krebbs and Paul Yazbeck are with The Multifamily Group in Texas. They sell ‘B & C” apartments in north and central Texas. Before creating their own regional brokerage firm, they were top brokers for a national commercial real estate firm. Today they have 9 sales brokers concentrating on apartment listings between $5-15 million.
Jon and Paul chat about the state of the apartment market and what they are seeing as opportunities right now. Paul gives some insight on what is happening in Killeen, Texas today.
Killeen is near the largest US ARMY base in the world, Fort Hood. Killeen is larger that Waco, Texas and just an hour north of Austin. This could be an area that you will want to explore to buy an apartment. Jon and Paul give you an idea on what buyers need to do to ‘win’ a deal these days. They also discuss where the better rental growth markets are at in Texas and where to invest.

https://multifamilygrp.com

To contact Jon Krebbs: jon.krebbs@multifamilygrp.com
To contact Paul Yazbeck: paul.yazbeck@multifamilygrp.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.