Episode 166 - NICE GUYS do finish first! Listen to how Kevin Chalmers acquired 488 units.

Five years ago, Kevin Chalmers managed a team of engineers at a large hi-tech company. As a salaried employee, he was working 60 hours a week and getting paid for 40. He worked and saved and then worked and saved, a little more. He was getting ahead but was getting taxed pretty hard on his personal income and was looking for a better way. A work friend gave him the name of a real estate education and mentoring group. After he went to that education and mentoring group and was hooked on real estate. As you can hear in this podcast, Kevin now has the passion for real estate. Today, with the help of that education and mentoring group, Kevin and his partners own and control 3 large apartment buildings with 488 units. He has also invested passively in over 3200 apartment units. Wow!! Listen to how Kevin embraced apartment investing and retired from corporate engineering at age 41. Way to go, Kevin!

To contact Kevin Chalmers: kevin@legacyreigroup.com

To receive our FREE 15 page WHITE PAPER REPORT on the (updated) 2019 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 - Michael, I just acquired a 9 unit apartment building and WOULD LIKE TO AIRBNB all or most of them. How can I get a Fannie Mae or Freddie Mac loan?

Michael gives his input on the AIRBNB platform in multifamily ownership. Also, he answers a separate question on the pros and cons of SECTION 8 tenants

Episode 165 - Get the Value Right! You need to know…what is IMPORTANT to your apartment appraiser?

Grant Williamson is a commercial real estate appraiser for BBG. He just received the prestigious MAI designation from the Appraisal Institute. BBG is a nationwide commercial real estate valuation and advisory company. Grant’s group appraised over 350 apartment properties in the Dallas area in 2018. BBG appraised over 10,000 nationwide. Grant explains to listeners what an appraisers’ role is within the transaction and what to expect. He expounds on cap rates, amenities that he is seeing that increases value, and where the best sub-markets are in Texas.
To contact BBG: BBGRES.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 - Michael, would you talk a little bit about the different loan covenants offered to a well-qualified seasoned guarantor compared to a newer sponsor?

Michael sheds light on the various restricted language sometimes found in the loan documents that lenders will add or subtract based on the sponsors apartment ownership experience level, past repayment history with the lender and size of the loan transaction. Also, Michael gives another reason why investors like real estate investing. HINT: Great Tax Advantages.

Episode 164 - ASK THE UNDERWRITER - THIS IS REQUIRED LISTENING. To be successful in 2019 you must know the apartment underwriting guidelines.

Every quarter in 2019, we will feature an in-depth conversation with a loan decision maker. Today we focus on underwriting guidelines with Fannie Mae. SVP, Chief Credit Officer- Jon Banyard and VP, Production- Fritz Waldvogel, both with Dougherty Mortgage, help you understand the benefits of working with a Fannie Mae lender. Fannie Mae offers non-recourse, longer term, permanent financing on stabilized apartment properties. Dougherty is a licensed Fannie Mae DUS lender-only 25 in the country have this delegated loan approval authority- from Fannie Mae You want to understand how building a long-term partnership with Fannie Mae will help you build your apartment portfolio quicker. Remember, in certain circumstances, up to 80% of the transaction could be funded by your Fannie Mae lender; isn’t it important to know what the specific guidelines are?

ASK MIKE MONDAYS - Michael, have you ADJUSTED the IRR (INTERNAL RATE OF RETURN) in deals you are doing to account for lower cap rates, higher interest rates and lower annual rent increases?

Michael explains what he is seeing when raising capital from investors.

Episode 163 - 4 KEY LESSONS: Amazon business buying vs. Multifamily Investing (WHITE PAPER REPORT)

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.