Episode 100 - "Those who do not learn ‘apartment history’ are doomed to repeat it." - Scott Henderson

Scott Henderson started in the apartment industry in 1982. He has learned some valuable lessons in apartment investing and brokerage over the last 35 years and shares them with you. He gives listeners a unique perspective on some historical events in the apartment industry and his assessment on what is going on today with apartment investing.
Items that you should be aware of:
-What caused the Savings & Loan Crisis and the impact it had on the apartment industry.
-How over building can affect a market.
-What caused the last major recession in apartment investing?
-Is the current euphoria in apartment investing a bubble or reality. Perhaps a little bit of both.

To contact Scott Henderson:
scott.henderson@svn.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 - What does MIKE build into his underwriting for the potential rise in CAP RATES when he sells, considering we are at historic lows in interest rates and cap rates?

Michael gives some general rules of thumbs on how to “stress” your underwriting for a future valuation on the exit.

Episode 99 - A 150+ unit deal CLOSED in Waco

In this podcast we speak with 4 lead-partners that came together to buy a 152 unit building in Waco, Texas. We discuss how they met, how they found the property and what they liked about the asset and of course…how they will make it profitable for their equity investors.
To contact Kevin or Daniella Dhillon: dhillonpartners.com 
To contact Bryant Ho: bryantkho@gmail.com 
To contact Angel Flores: aoflores92@gmail.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 - How do make sure the seller DELIVERS the property in the condition that you originally signed the contract?

Michael discusses what you should do to protect yourself right BEFORE you sign your loan documents and close on an apartment building.

Episode 98 - Quarterly Loan Officer Roundtable Discussion - What’s important in lending today

The quarterly loan officer roundtable is an internal discuss with some of the loan officers at Old Capital on what is working or not working with lending. Jonathan Ferrell is introduced to the listeners. Jonathan joined Old Capital as a Senior Director. Jonathan has over 14 years in banking and is an expert on financing commercial real estate. James Eng gives us macro-economic feedback on how some of the different apartment markets are doing in Texas and the nation. Ricardo Hinojosa shares the importance of property management and getting them engaged early in the transaction. Looking at rental comps in the submarket and then building a an initial rehab budget early on with a qualified property management company, can save a ton of time on a deal that may not work. Ricardo goes onto explain some REFINANCE CASH OUT GUIDELINES for Freddie Mac Small Balance loans. Dave Walls talks about the challenges with affordable housing. Jonathan Ferrell stresses the importance of having the right budget numbers upfront when you apply for the loan because if it is slightly off your reimbursements for draws will have an impact. Check and double check your budget numbers, please. Les Meisl speaks about underwriting guidelines with Freddie Mac Small Balance and the MAXIMUM loan leverage you can expect for a refinance- cash out or even a purchase. Smaller, remote cities in the US can have lower leverage requirements than larger cities. Meaning, max leverage in Chicago will be 80%, but max leverage in Tupelo, Mississippi is 70% with Freddie Mac. One size of town will not fit all! Make sure you contact us to find out what the maximum leverage you can expect.
Thanks for joining the conversation.

To contact James Eng jeng@oldcapitallending.com
To contact Ricardo Hinojosa rhinojosa@oldcapitallending.com
To contact Dave Walls dwalls@oldcapitallending.com
To contact Les Meisl lmeisl@oldcapitallending.com
To contact Jonathan Ferrell jferrell@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 - Would you build an apartment building?

Michael gives reasons on why he would NOT build large apartments at this time. 

Episode 97 - Bryan Amos - Apartment inspector shares his INSIDE SECRETS of calculating rehab costs

Multifamily physical due diligence is extremely important. You gotta know what you are buying! 
You need an apartment inspector to determine the condition of the asset you are buying. 
Bryan Amos is a multifamily inspector & engineer. He helps buyers uncover possible rehab concerns and potential future costs when they are considering purchasing an apartment building. He is looking out for you and your investors on any potential future capital costs. Bryan creates a reliable rehab/ construction budget for you and your lender to review. Whether the transaction is a stabilized property or a value-added property, most lenders should be able to include the rehab costs into your loan. 
Again, do not pay for rehab out of monthly cash flow. 
BUT BEFORE, you engage an inspector at your INITIAL visit at the property with the listing agent, you should have a back-of-the-napkin opinion on what some of the rehab items will cost to replace or repair. Bryan gives us some initial cost breakdowns on several big ticket items like roofs, air conditioning, foundation, & sewer lines. This invaluable discussion is based on Bryan doing hundreds of inspections of apartment buildings. Listen carefully and you will learn a ton of information.

To get in contact with Bryan Amos: bryanamos@theomnigroup.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.