ASK MIKE MONDAYS - Mike, you have motivated me to buy apartments. I want to be like Michael Becker… “Time to close the transaction…What you need to know?” (Episode 5A of 5)

‘Herding Cats’ is a great way to explain to new borrowers on how a loan closing happens at the very end. As you can imagine, many different folks involved in the transaction have different responsibilities. Title, New Management, Lender, Attorney, Borrower are all going in 20 different directions. Michael goes into detail on what you need to know and do when preparing for a transaction to close.

Episode 192 - After 20+ years in CORPORATE AMERICA….NICOLE SCOTT is NOW a FULL TIME APARTMENT INVESTOR. How did she do it?

Nicole and Greg recently closed on a 272 unit building in Indianapolis. They have been corporate folks in Detroit for 20+ years. After surviving a few corporate layoffs (did I mention- they both worked in the auto manufacturing business) they looked for a better way to retire. They purchased a few single family homes and then invested in a few apartments; as a passive investor. They learned a lot from their multifamily mentoring and education group and decided to buy their own apartment building. After successfully navigating a smaller deal…they decided to purchase a 272 unit building- 4 hours from their home in Detroit. Nicole and Greg share their CHALLENGES they found before AND after they closed. Today, Nicole has retired from the RAT RACE and is now a full-time apartment investor. Great story!
To contact Greg and Nicole: drivehomecapital@gmail.com
Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn more about Michael Becker’s Real Estate Syndication business with SPI Advisory LLC.

Old Capital Bonus Segment: Command Authority with Lane Beene - “How do you read an OPERATING STATEMENT & What’s IMPORTANT in that data?”

Lane Beene is with Pilot Properties and owns almost 700 apartment units. This recently retired Lt. Colonel graduated from the Air Force Academy and flew combat F16’s for over 28 years. Less than 15 years, 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.
The operating statement (PROFIT AND LOSS) shows the line items of operating income and operating expenses. Lane discusses the foundational document that helps you identity the financial performance and presents the true profitability of the apartment complex.
To contact Lane Beene: lane.beene@pilot-legacy.com

Episode 191 - Living the AMERICAN DREAM….Four immigrants bought 1400 apartment units in Texas. These EX-ENGINEERS are just like you…MOTIVATED to SUCCEED!

Boris, Oshi, Albert and Leo are friends. These friends have purchased over 1400 apartment units over the last 5 years. They just closed on a 384 unit building called Rolling Hills in Lancaster, Texas. They have come along way from their first purchase of a two property portfolio of 55 units. Recently, these EX-ENGINEERS are now full time apartment investors. WOW! Can you do that?
It was just a few years, while living in California, they wanted to invest in real estate but didn’t like their local rental climate (not landlord friendly) and discovered Texas. They started the traditional route of real estate investing by buying single family homes…and then transitioned into apartments for scalability. The guys go into detail on some of the challenges they came across (a failing two-pipe chiller, hot tenants & city inspectors) on a couple of acquisitions. They have had many successes in owning apartments. Listen to how they systematically purchase, operate and sell apartments to benefit their investors.

To contact: connectwgi@wealthgrowinvestments.com

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

Episode 190 - The “Geeks” will inherent the earth. Listening to Multifamily Technologist and Apartment Syndicator Neal Bawa will make you smarter

Neal Bawa is a thought leader in multifamily. This self described “data geek” owns and operates a large apartment portfolio. By using technology and optimization of data, Neal shares what he is doing to create higher rents and a better experience for his tenants. Have you heard of reputation management? How many STARS did your property get? Everyone rates services these days. Restaurants, dentists, auto mechanics and even their apartment experience. Neal discusses the impact your property receives from its online tenant reviews. How do go from 1.5 stars to 3.5 stars and get great comments from tenants? Neal shares outstanding tips on how to improve your reputation. Also, Neal discusses some of the current concerns he has within the apartment industry. Be prepared to take notes.

To contact Neal: multifamilyU.com

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

ASK MIKE MONDAYS - Mike, you have motivated me to buy apartments. I want to be like Michael Becker…What are the STEPS? “Show me the MONEY! Raising capital, the right way.” (Episode 3 of 5)

Start building your database of investors. One example is creating your own Apartment Investing MeetUp group in your community. MeetUp meetings are a great way to build your own investor tribe. Bring in guest speakers (contract attorney’s, bankers, title folks, self directed IRA experts, property management companies) that can share their wisdom to your tribe. Its an excellent way to become a thought leader in your community.