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

We sit down with the loan officers at Old Capital and listen to an update on commercial real estate lending. To contact James Eng: JEng@oldcapitallending.com To contact Les Meisl: LMeisl@oldcapitallending.com To contact Ricardo Hinojosa: RHinojosa@oldcapitallending.com To contact Dave Walls: DWalls@oldcapitallending.com To contact Jonathan Ferrell JFerrell@oldcapitallending.com To receive our FREE...

A timely question; Michael and his team are currently assuming a FHA loan. FHA is a federally guaranteed program under the government's Department of Housing and Urban Development (HUD). FHA Loans can be used for the purchase/refinance as well as the construction/ substantial rehabilitation of multifamily or healthcare properties. Loans are non-recourse (except standard carve-outs) and rates are v...

Wow! How would you like to work on two separate purchase transactions at the same time? These investing partners found themselves with two accepted LOI's. They could have dropped one and focused on the other one…but they and their investors decided to move forward with these two purchases. Menon and Ajai are investing partners. Menon lives in Northern California and Ajai lives in Dallas. After sub...

Typically, your lender brings in 75-80% of the capital needed to purchase an apartment property. Obviously the lender is very important to helping you complete the transaction. A lender term sheet gives you a rough indication of what rates and leverage could be. Michael discusses the basics of a lender term sheet. Paul also discusses the challenges of the GREEN PROGRAM in the future. FIND OUT-UP F...

Craig Brown is an attorney and expert on educating clients on the benefits and risks of a TAX DEFERRED EXCHANGE. He has closed thousands of transactions and will give you specific advice for your 1031 exchange. Important Considerations for an Exchange: A) Exchanges must be completed within strict time limits. The Exchanger has 45 days from the date the relinquished property sale closes to identify...

Michael discusses his latest apartment sale and WHY HE picked this BUYER.

Scott Lamontagne and Zar Haro are with JLL in Austin/ San Antonio and sell a bunch of apartments in Central Texas. Scott is the managing director for the 11 person team based in Austin. Austin has been one of the hottest growth markets in the country. With a 20-34 year old population approaching 500,000, nearly a quarter of Austin's population consists of Millennials, which is tops among the large...

Michael Becker hosted the TOP LISTING BROKERS panel at the Old Capital Multifamily Conference in Dallas. These 5 agents and their respective companies do almost 70% of the total sales in Dallas-Fort Worth. Wow! We have them all together. You will get an inside perspective on how apartment transactions are done in north Texas. Listen to questions and answers from the audience.

Tom Wilkinson is the 'dean' of apartment sales in Houston, Texas. He has been in apartment brokerage for over 25 years. He sells over 10% of all the B & C apartments in Houston; with most being OFF MARKET. Tom discusses what impact that Hurricane Harvey has caused on apartment owners. How will this natural disaster effect current and future investors? How much higher will insurance premiums rise?...

Michael Becker hosted the TOP LISTING BROKERS panel at the Old Capital Multifamily Conference in Dallas. These 5 agents and their respective companies do almost 70% of the total sales in Dallas-Fort Worth. Wow! You will get an inside perspective on how apartment transactions are done in north Texas.

Gene Trowbridge is an attorney that specializes in helping clients raise investor money through syndication. If you are really rich, you can buy apartments all by yourself. But, for most of us, we must pool our money together called a syndication. The government has specific rules that syndicators must follow. The sponsor or syndicator is the person (or group of people) who sets up the investment...

Michael explains some of the obstacles that may trip you up when applying for a commercial real estate loan. You have too much at risk- financial & reputation risk, not to understand some of the hurdles you may encounter.

Growing up in Australia, his parents instilled the value of owning real estate. About two years, he made the decision to get out of the RAT RACE and began to acquire apartments. He currently lives in central Texas. He and his partners own apartment buildings in California, Arizona and Texas. Selvam purchased a FRACTURED CONDO in Arizona and explains the challenges on owning and financing a condo t...

In today's highly competitive apartment sales market, you must be a good negotiator to get what you want. Michael explains some sticking points that he has come across in the past.

John Bollinger wants to own an empire of apartment units….by 2022…he wants 10,000 units. He started several years ago buying a duplex. He lived on one-side and rented the other side. He got a little taste of being a landlord. He liked having a small "cash register" or a tenant helping him achieve financial independence. Over the next few years, he bought several duplexes and four-plexes and then p...

Mike discusses some of the weaknesses and the strengths of the different property types (A, B, & C) in multifamily.

Anna Simpson is determined to build a portfolio of apartments for her and her family. This gal is a dynamo! Originally from Russia, she has been in the Texas for the last 13 years. She got the real estate investment bug from her father. She had a vision on what she wanted to do (own large multifamily assets) and NOW she is executing on that vision. She is COMMITTED to making it a success. Over the...

Mike initially focuses on high level national apartment market data and then general economy status and then shifts to local and regional apartment market information. He breaks his data sources into two different categories. Pay: CoStar.com, yardimatrix.com, alndata.com/market-reviews/, axiometrics.com, realpage.com/yieldstar/mpf-apartment-market-updates-trends-webcasts/ Free: bisnow.com, multifa...

Ken & Wind Yue own hundreds of apartment units. They could not have purchased so many units without the help of happy equity partners. How do you make your equity partners happy? You have to be transparent. How you treat your partner AFTER you have taken their money is critical for your future success. Ken & Wind do an excellent job in treating their 'investing partners' with respect. Problem part...

Mike gives his insight on what's going on in multifamily in DFW. He also discusses the impact of higher labor costs for apartment rehabs due to Hurricane Harvey in south Texas.

Mit Scott and Greg Ford are business partners in the ownership of a large apartment building in Irving, Texas. They originally started with purchasing single family homes, then became passive investors in other people's transactions and now own a large apartment building- while still maintaining their full time jobs. Ricardo asked Mit: What appealed to you most about multifamily in comparison to s...

You WILL HAVE A PROBLEM with your loan…if the seller does not keep their eye on management operations and rental collections between the signing of the sales contract and the closing date. Lenders can possibly cut back loan proceeds if income declines or expenses rise.

Many apartment buyers are seeking to purchase a DEEP VALUE-ADDED property in a good neighborhood. These types of properties can be tough to find. Brian Holley bought a 160 unit apartment complex a few months ago. It needed lots of rehab to create a better product. He and his team will spend over $20,000 a unit in interior and exterior updating and repairs. Even though the occupancy was in the mid-...

After finding the right property; selecting the right property management company is the MOST important decision that an ownership group must determine.

The father and son investing team of Jody Ambrose & J.D. Ambrose just purchased a large multifamily property in Texas. After looking for a building for almost 5 years, Jody & J.D. found the right property. Pineview Apartments has 152 units. They originally invested passively into someone else's transaction, then they figured out pretty quickly that they wanted to lead an acquisition team and purch...