Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles

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

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...

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.

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 stabi...

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 multi...

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...

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 updati...

Michael gives us feedback to a YOUNGER apartment buyer on what they should focus on when entering into the apartment ownership business.

The institutional apartment buyer is at the top of the food chain. These equity buyers are typically pension & fixed income funds needing monthly cash flow for their investors. They place sizeable equity amounts into large, newly built, urban or suburban apartments throughout the nation. The institutional buyer typically buys the new construction project from a real estate developer. Instead of sy...

Michael discusses a recent article written by economist Jim Gaines with Texas A & M University Real Estate Center.

Michael examines the state of the apartment market and discusses an interesting article that Freddie Mac provided. Please read: https://globenewswire.com/news-release/2018/10/17/1622867/0/en/Struggling-with-Housing-Costs-Renters-Continue-to-Find-Affordability-in-Renting.html

Jake Stenziano and Gino Barbaro came from different backgrounds before they bought their first apartment building. Jake was in medical sales and Gino owned a restaurant...BUT both wanted to be real estate entrepreneurs. Using their own money...they began to acquire, rehab, and stabilize apartment buildings. Today, they have a thriving business that owns over 1000 units in Tennessee and Kentucky. T...

Michael discusses the different reports that a management company should be providing to the managing member every month. Obviously, it is better to overly communicate with investors and partnerships with detailed monthly operating statements.

Rebecca Miller, with Quest Trust Company, discusses the advantages of having investors use Self Directed IRA's for investing in apartments. A self directed IRA is one that permits the account owner to invest their IRA in what they know best, free from the investment restrictions imposed by a more traditional brokerage style account. This allows your passive real estate investors to use their IRA's...

Top Producing Apartment brokers, Taylor Snoddy and James Roberts discuss challenges and opportunities when selling apartments. Taylor and James and their team members will do over $1 billion in apartment transactions in 2018. They focus on workforce housing in the Texas market. You want to get to know these top producing agents. To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTA...

In 2008, Satya Masina transferred to Texas. Unfortunately, he could not sell his family townhome in New Jersey. After months on the market, he decided to rent the property. It immediately had a tenant and a new rent check coming in every month. The property was paying for itself. Satya became an accidental landlord and loved it. He decided to purchase more investment properties. Satya now owns alm...

A coaching and counseling session with James Eng. James gives listeners an overview of the macro-economic assessment of what is happening in today's apartment & capital markets. He references Howard Marks most current investor memo called: The Seven Worst Words in the World. Mr. Marks is the Co-Chairman of Oaktree Capital Management. Oaktree Capital manages over a $122 Billion in assets. Warren Bu...

A special loan officer roundtable discussing the recent impact on borrowers, loan amounts, and additional equity needed when interest rates rise quickly. When interest rates rise during the 45-60 loan approval process it can have a dramatic impact on the final loan amount. Interest rates rise…loan amounts fall…significantly. James Eng & Dave Walls explain what can happen on Fannie Mae and Freddie...

Over the last 28 years, Darwin German has owned and managed thousands of apartments. Darwin discusses the crazy stories of tenants, drug dealers, sellers, fires, and surviving in apartment ownership. After you purchase your first transaction… you will have a few stories yourself to share to investors and friends. To contact Darwin German: invest@darwingerman.con To receive our FREE 15 page WHITE P...

You're invited to our next NorCal Apartment Investor Network! HIGH POWERED WOMEN BLAZING NEW TRAILS in REAL ESTATE. Are you a high powered woman in real estate? Or maybe a proud husband, father, friend, or family member? Or perhaps you're a super star in the making and looking for a little inspiration? Then you don't want to miss our next NorCal AIN meeting featuring a guest panel of some of the b...

Michael gives a high level breakdown on what you should focus on when presented with a potential real estate opportunity. Do not go into great analysis on every deal…you are just wasting precious time. Listen to what is important on the initial deal review.