Episode 129 - Lessons learned from an out of state apartment owner-operator: JC Castillo

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JC Castillo has been investing in apartments for 12 years. He lives in Northern California and owns and operates properties over 1800 miles away. How can you find, purchase and operate properties from a distance? JC has some inside tips on how to build relationships with listing agents so you get selected in best and final and then have agents bring you the elusive “off market” deal. JC is a relationship buyer of apartments. He sets the expectations up front with the listing agent on closing on time and with as little difficulties for the seller.

JC has created the Apartment Investor Network in San Jose, California. This apartment group will bring other apartment owners and investors together on a regular basis to network. The Apartment Investor Network will bring in industry speakers to discuss the latest information on apartments.

To RSVP to the MAY 2 event with COSTAR APARTMENT ANALYST DAVID KAHN in San Jose, CA:

https://www.multifamgroup.com/events/

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 128 - Does your offer stand out? Top Apartment brokers - Nick Fluellen & Bard Hoover explain what sellers are looking for in a new buyer

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Nick Fluellen and Bard Hoover are the top apartment brokers in the Marcus & Millichap office in Dallas. Their team did more transactions in 2017 than any other office in Texas. These top producing apartment brokers discuss the positive ‘tea-leaves’ that they continue to see in Dallas commercial real estate. Dallas investors continue to enjoy the fundamentals of population growth, rental affordability, and job growth. Also, Nick & Bard discuss some of today’s challenges with lower leverage on transactions, contraction in cap rates and higher interest rates.

To get more information about Fluellen Hoover Multifamily: https://www.facebook.com/FluellenHooverMultifamily/

To get multifamily opportunities from Fluellen Hoover Multifamily: http://multifamilyadvisors.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 - Should you assume the current debt or get a new loan?

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Today, many apartment sellers are giving apartment buyers two pricing choices. Many sellers have large prepayment penalties on their debt; so they give new buyers two prices. One, if they assume the sellers debt the cost will be lower. Two, if they force the seller to payoff their debt and occur a large prepayment penalty the cost will be significantly higher. Listen to Michael discuss the options.

Episode 127 - You have to know what is REALLY important in a REAL ESTATE SALES CONTRACT. Listen to attorney Bryon Hammer explain

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Bryon Hammer is a contracts attorney. He advises buyers on how to structure real estate purchase sale agreements to buy apartments. Before you sign a sales contract; you will want to visit with an attorney that works with real estate contracts every day to advise you on what language needs to be included. Bryon discusses various topics in the podcast including: title commitment and review, earnest money, due diligence period, reps and warranties and default remedies.

To contact Bryon Hammer: bhammer@bwwlaw.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 - What are some common EXIT STRATEGIES that you have utilized on your properties? What are the PROS and CONS?

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All investors must ask their DEAL SPONSOR at the beginning - How and when, am I going to get my money back? Michael explains that matching your exit strategy to your debt is very important. Also, you must understand how large prepayment penalties on apartment loans play into your decision to sell.

Episode 126 - Millennials Cory and Candice Muldrow just bought an 18 unit apartment building. They invested in real estate to BUY BACK their TIME

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Cory and Candice Muldrow are unique millennials. They focused on the goal of owning real estate and now are achieving great results. Not all millennials will sacrifice today to have a better life for tomorrow.

To contact Cory or Candace: mgroupcapital.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.