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.
Michael explains what he is seeing when raising capital from investors.
James Eng recently listened to a panel of experts who buy and sell online Amazon businesses. The entire time he was listening, he couldn’t help but see the similarities to multifamily investing. While these businesses sold different products from nutritional supplements to deodorant, there were some lessons from these entrepreneurs brought to the table that corresponds to you as you run your multifamily investing business.
4 lessons covered: 1) Attention and Differentiation. 2) Rating and Reviews matter. 3) Buy vs. build. 4) Recession Proof.
You want to listen to this podcast! To contact James Eng: jeng@oldcapitallending.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.
Buying a large apartment building is NOT a NO CASH/ NO NET WORTH/ NO CREDIT business model. The lender needs to see the depth of your balance sheet. Your lender is going to loan you thousands of dollars and wants to make sure that they are comfortable with your balance sheet. Michael breaks down what typical apartment lenders need.
Jack Langenberg and Tom Lafferty are business partners in a 154 unit apartment building. Jack came from a corporate background and has a Harvard MBA; Tom is a local firefighter. These two guys play to each other strengths. These team mates had to assume the current loan on the property. If they did not assume the loan, they would have paid hundreds of thousands of dollars more in price. They also applied for a supplemental loan (second lien) from the current loan servicer. They wanted to get the highest leverage possible. James discusses some of acquisition risks you may incur; IF THE SELLER takes their foot off the gas with occupancy and net rental income falls.
To contact Jack Langenberg: jacklangenberg@gmail.com
To contact Tom Lafferty: tdmultifamily@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.
Michael enlightens apartment buyers that OFF MARKET transactions are like capturing unicorns. Social media has created some perceived OFF MARKET opportunities in chat rooms and on Facebook, but in reality, it’s a waste of your time. Focus on making the relationships with the real estate brokers in your market.
Bryan Amos has assisted hundreds of apartment investors in their physical due diligence. He is your advocate. He is the apartment inspector/ engineer that you rely upon to make sure the plumbing, electrical, roofing systems are going to work AFTER you buy the asset. For the last few years, he wanted to buy an apartment building for his family. He knew he wanted to buy a property that needed updating, was in a good submarket, and was also already stabilized. He found a 310 unit building. Unfortunately, he couldn’t buy it by himself. He was going from owning zero units to potentially owning 310 units. To do that…he had to assemble a team of strong partners. Bryan discusses his journey to find those partners and the strength that all of team members provided to make it happen.
To contact Bryan Amos: BryanAmos@theomnigroup.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.
Michael gives us feedback to a YOUNGER apartment buyer on what they should focus on when entering into the apartment ownership business.
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