ASK MIKE MONDAYS – Michael, I heard there are new rent control legislation in some states; what’s going on in New York City?

Michael chats about current and future rent control issues that apartment owners are facing today. Tenants are concerned about affordability. Landlords are concerned about providing a return on capital to their investors. Politicians are creating new rent control laws.
State of California Rent Control:
State of New York Rent Control:
NYC Landlords Respond:

Episode 195 - What happens if $$$ from Fannie Mae or Freddie Mac dries up? You need options, right?

Your lender is usually your largest partner. They can bring in almost 80% of the funds needed to close your apartment transaction. In the last, few years Fannie Mae and Freddie Mac have been the primary lender for apartment syndications. Sponsors have loved Fannie Mae and Freddie Mac because of their execution and flexibility to provide NON RECOURSE, LONG FIXED TERMS, LONGER AMORTIZATION, INTEREST ONLY & SUPPLEMENTAL LOANS. But, what happens IF these Government Supported Entities start to restrict lending. What happens when your lender changes course? We discuss what is happening in the apartment lending market today and what additional loan options you can explore.
US Treasury Update on Future Proposals for Fannie & Freddie:
Are you interested in learning more about how Multifamily Syndications work? Please visit to learn more about Michael Becker’s Real Estate Syndication business with SPI Advisory LLC.

ASK MIKE MONDAYS - What is going on with the 10 year treasury coming down and what will the impact be on apartment transactions?

10 year treasury is the primary index that Fannie & Freddie use for 10 & 12 year fixed rates. Michael goes into detail about the impact of falling rates will have on the economy. Also, Michael discusses a real-life apartment example on what happens when interest rates fall on a sale.

Episode 194 - Where are LONG and SHORT interest rates headed? Interest Rate Expert, JP CONKLIN with Pensford, explains what commercial real estate investors need to know

JP Conklin, with Pensford, advises some of the largest commercial real estate investors in the nation on where interest rates are headed. He lowers interest rate risk to commercial real estate borrowers by using different hedging strategies. His information is critical for investors to make the correct decision on the right loan product, maturity and risk tolerance. JP discusses falling interest rates and the general impact that it will have on future commercial real estate investing. Are we going to get a half point reduction from the Fed on October 30th? What will happen next year to rates? If you are a general partner, how do you hedge your risk? Should we take a FIXED or ADJUSTABLE rate? Listen and take notes from this discussion; because your limited partners will want to know.

To contact Pensford:

Are you interested in learning more about how Multifamily Syndications work? Please visit to learn more about Michael Becker’s Real Estate Syndication business with SPI Advisory LLC.

Old Capital Bonus Segment: Command Authority with Lane Beene - “Learning TAX STRATEGIES will help you become a better millionaire.”

Lane Beene is with Pilot Properties and owns almost 700 apartment units. This recently retired Lt. Colonel graduated from the US Air Force Academy and flew combat F16’s for over 28 years. Less than 15 years ago, he started with one single family home and turned that into a large multi-million dollar apartment portfolio…all during the time he was serving in the military. He is direct. He is smart. You need to listen to him if you are new to real estate investing. Why do so many millionaires own real estate? Tax advantages! Today, Lane discusses several tax advantages by owning investment real estate. This high level discussion brings some important theories that successful investors have used in the past. Please consult with your financial professional on what tax strategies will work best for you.

ASK MIKE MONDAYS - Mike, you have motivated me to buy apartments. I want to be like Michael Becker… “What can you expect from your lender AFTER you close?” (Episode 5B of 5)

When you buy a single family house, AND AFTER THE LOAN CLOSES, your lender will not continuously ask for your updated paychecks, bank statements and annual income tax returns. apartment transactions…you lender is your single largest partner and needs continuous financial performance information on you and the asset either on a quarterly or annual basis. Updated operating statements, rent rolls, rehab construction updates, immediate health and safety concerns, updated personal financial statements, personal tax returns are some of the data points collected. Also, be prepared for an annual lender visit to your asset.

Episode 193 - Smart Investors listen to Apartment Economist Greg Willett at Real Page. Will you?

Apartment Bankers, Developers and Investors listen to Real Page’s Chief Economist Greg Willett. He is probably the most quoted Apartment Economist in the nation. He has the ear to the movers and shakers in multifamily. Greg discusses the state of todays apartment market. Are we headed into a ‘recession?’ What should an apartment investor do, if we are headed to lower job growth? What areas of the country have the greatest rent growth? Where should you invest? He also breaks down several regional areas with lower job growth and occupancy concerns. Greg discusses the challenges that new laws in New York will have on stabilized apartments and the investors that own them. JC Castillo, with the Apartment Investors Network joins the conversation.

To contact Real Page:

Are you interested in learning more about how Multifamily Syndications work? Please visit to learn more about Michael Becker’s Real Estate Syndication business with SPI Advisory LLC.