With Paul Peebles & Michael Becker
The Old Capital Podcast is aimed at Real Estate Investors - both new and experienced.
Hosts Michael Becker and Paul Peebles deliver no-hype education and expert perspectives.
You will gain valuable insights from interviews with actual real life investors who are active in acquiring and operating apartment complexes. You will discover how they are identifying, financing and operating apartment complexes, as well as helpful advice on how to get started and avoid common mistakes.
Talk about stress. You found the right deal, you’re under contract with $100,000 nonrefundable earnest money to the seller and you just raised over a million dollars from investors….but unfortunately your loan was just denied. Uh-oh….What do you do? Listen to James Greene and Brad Perry discuss the hurdles and opportunities they encountered on a recent apartment acquisition.
Dante Andrade just purchased his first apartment building in Arlington, Texas. He explains his journey from initially being a limited partner and equity investor in someone else's deal, to now running his own deal. He is now the “captain” of his own team of investors on a class “C” apartment building. Dante purchased an “off market” transaction but it was filled with several challenges. Listen to how he overcame those challenges.
Hiring the right property manger can make you or break you. Brett Zaitoon owns a third-party property management company in Texas. He manages hundreds of apartment units for owners. Listen to why you need a property management company to help in your pre-purchase analysis (proforma, review of asset condition, and creating a rehab budget). Brett gives you some inside into property management challenges. Good interview.
Meet John the Community Banker. What is a Community Bank? It is a locally based Bank that lends almost entirely into its regional area that wants a “relationship” with you. Community banks can help you get into your first transaction. Listen to what the difference is between a local lender, a national lender, and Fannie Mae and how it can benefit you
Apartment owner, Tom Lafferty's full time job is a Captain in the fire department. On the podcast, Tom discusses how he originally got into the apartment business and what it takes to buy a 78 unit value added property.
JC Castillo lives in San Jose, California and buys apartments in the Dallas area. He started his acquisition journey in 2007 by purchasing a 24 unit and a 50 unit building; now he only looks to buy at least 125 units and above. Listen to how he builds great relationships with brokers, lenders and employees when he lives a thousand miles a way. Good Interview.
Rowan Properties sell apartments in Texas. Mike Burch and his team have been advising apartment buyers and sellers since 1985. We wanted to know how the last apartment buying cycle is different from this one and what were the signs before it ended. We also discuss their success strategy for buyers to be awarded a deal.
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