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

What could you learn from Charlie Young at Madera Residential? A LOT! Charlie and his partners at Madera Residential have purchased over 30,000 apartment units. Yes…30,000 units. Over a decade ago, they started buying older & value-added Class C properties in demographically challenging areas. Today they are buying brand new and slightly older apartments in much better neighborhoods. Listen to some of his funny stories about apartment ownership. The real estate is easy; people are challenging. To contact Charlie Young: charlie@maderaresidential.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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Boy, it is hot out there! We know the outside air temperature is red-hot during a Texas summer; but is the apartment investing market starting to cool off- is a deep freeze coming? Mike confirms that the fundamentals of apartment ownership are still very strong. Great occupancy and good rental growth are still being observed with apartments… but the head winds within the capital markets- through higher interest rates and lower loan leverage- have made a few potential apartment buyers uneasy. Mike discusses the state of the market. What should you do? Listen to the guy that acquired over 14,000 apartment units. 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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Long- and Short-term Interest rates have risen significantly over the last few months. Today, the Non-Recourse Bridge Lenders are issuing term sheets at much lower leverage and higher debt service. What happened and what impact will that have on your apartment investment? At the May- Old Capital Speaker Series we had INTEREST RATE GURU- JP CONKLIN, with Pensford in-person to discuss where interest rates are possibly headed and why interest rate caps are UP 10X from last year. You need to listen to this podcast- if you are an apartment investor. To get a copy of the entire presentation contact: JEng@OldCapitalLending.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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Listen and Learn. Many new real estate investors have never seen interest rates RISE significantly. Today the Fed is talking about a possible 2.5% rise in short term rates. That could mean your ALL-IN interest rate on your apartment loan could go to 5.5%-6%. Wow!! What impact will that have on your apartment investment? What impact does that have on adjustable rates on Fannie/ Freddie and Bridge loans? How much additional cost will I have to pay for an INTEREST RATE CAP INSURANCE? Mike reads a recent letter he received from his loan servicer with a FREDDIE FLOATER (Adjustable Rate) on it. Listen to how much his monthly impound cost will rise… to buy a required future interest rate cap. I think you will be astonished. Listen to the guy that bought over 10,000 apartment units. 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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

“KEEP AUSTIN WEIRD” was written on many T-Shirts for the last 2 decades. College kids went to the University of Texas at Austin…and never came back home. They loved Austin's unique culture, technology influence, and California vibe. Today, every apartment buyer wants to own in Austin. Austin is on fire!! Matt Pohl with Walker & Dunlop Investment Partners sells apartments in Austin & San Antonio (central Texas). Matt will give you an overview on why apartment buyers love this area and why companies are expanding. Great insight from the front lines. To contact Matt Pohl: mpohl@walkerdunlop.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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Is there too much money in the market chasing too few deals? Michael gives you a few examples on how sellers are reacting to this market. Today, Michael is selling a few large apartment communities. Michael shares with you on how they picked the buyer. Was it only the highest price? Did he check references from other brokers for certainty of close? Michael, explains what is important and what should you know. Listen to the guy that bought over 10,000 apartment units. 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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Are you buying an apartment building? Have you been watching where interest rates are at and going? WOW!! Are you concerned…? or should you be worried? JP Conklin with Pensford is an expert when it comes to giving you insight on interest rates for commercial real estate. JP is the ‘interest rate fortune teller.' Pensford is a financial consulting group that gives real estate investors the ability to hedge interest rates. JP will give you the inside track on where interest rates are at today and where they are potentially going. Financing an apartment today; should you consider floating with an adjustable rate OR locking into a long-term fixed rate? Many loans are tied to the 10-year treasury…that has been rising recently…so this is a timely conversation in your decision. You don't want to miss this discussion. To contact JP CONKLIN: www.pensford.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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Gourav Goyal grew up in India. Received a degree in engineering and then came to the University of Texas to earn his MBA. Gourav worked in corporate consulting for over 17 years. And… then 5 years ago he started his multifamily investing journey. Today, he is retired from his corporate career by investing, owning, and asset managing large apartments. Could you do that? What do you need to know? How do you go from owning a house to acquiring a 265-unit apartment building? What are the action items that Gourav completed to be successful in real estate investing? Please listen and take notes. To contact Gourav Goyal: gourav@prosperousbend.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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Over 7000 multifamily professionals attended the annual conference in Orlando. This is a HUGE gathering of apartment buyers and sellers, apartment brokers, lenders, equity providers, apartment developers and apartment economists. It really is the preeminent NETWORKING opportunity in multifamily. Where are interest rates headed? What city has the best upside for apartment buyers? How long does this “bull market” in apartment investing last? This is a conversation that you don't want to miss. Join NMHC to attend the 2023 NMHC Annual Meeting: https://www.nmhc.org/membership/ 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.

Michael gives a RECAP of 2021 in the apartment business. He shares the challenges and the successes for 2021. Michael gives you his opinion on what the tea leaves are sharing with him for 2022. Are rents going down? Are cap rates rising? Do you think interest rates are going up and what type of impact will that have on your apartment investments? Listen to the guy that bought over 10,000 apartment units. 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.

Vima Décor is a volume supply company with over 16 years of experience in providing commercial property owners, builders, and developers with superior finishing products for multi-family renovation projects. Their products will transform any outdated living space into one of luxury and sophistication while staying well within the budget. This family run business owns thousands of apartments; so they know what you need! They initially opened an office in China and purchased and transported quality materials directly from Southeast Asian almost two decades ago for the use of their own properties. Today…their 110,000 square foot warehouse is filled with materials to help you. This is the group you want to chat with- if you are going to update your apartment building. To contact: VimaDecor.com To contact: maia@vimadecor.com To contact: timothy@vimadecor.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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Does your apartment have a continuous water leak? Do you pay for your tenants' water? Do you have leaky showers; and Toilets that continuously run; with tenants that don't notify you? Hey…It's your money that's going down the sewer. Shouldn't you be aware of water usage issues? Ryan Wehner and Jon Minjoe of LeakAware are on a mission to save you money by saving wasted water. LeakAware software makes it easy on you, and your team, saving money, time, and water in the process. Their proprietary technology provides water meter data in real-time, on a minute-by-minute basis. It provides the data for you and your maintenance team to immediately validate and correct unnecessary water usage thus saving you money and increasing the value of your property. To contact: LeakAware.com To contact: jon@leakaware.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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

The Old Capital Loan Officer Roundtable discussion brings incredible value if you are new to multifamily investing. Listen to some of the most active loan officers in the nation share REAL lending stories on what is happening today. You and your investors bring in the equity…and your lender brings the majority of the money. Your lender is your biggest partner. Listen to what you can expect from your multifamily lenders today. Should you pursue a BRIDGE LOAN; a FANNIE MAE or FREDDIE MAC LOAN; or a BANK LOAN? Listen to their insight to help you. 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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

What are apartment investors willing to accept for YIELDS today? Jakob Andersen with Newmark in Dallas gives us a breakdown on where CAP RATES are today. Also, Jakob breaks down who are the apartment buyers today. Is it institutional? Is it family office? Is it syndicators? What property class are they pursuing? Can that be sustained? Michael discusses how smaller groups can compete against larger and more experience apartment buyers to win deals. You don't want to miss this conversation. To contact Jakob Andersen: jakob.andersen@nmrk.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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Nick Fluellen joined Marcus & Millichap in 2004 as a multifamily agent focused exclusively on assisting clients with the acquisition and disposition of multifamily properties. Since then, he has successfully closed more than 440 transactions totaling more than $3.1 billion in value. Nick Fluellen and his business partner, Bard Hoover, lead a team of over 20 agents and staff. In 2021, their team is leading all apartment brokers in Texas with of sales and listings. He discusses what to expect in Texas apartment sales for the remaining part of the year. To contact Nick Fluellen: Nick.Fluellen@MarcusMillichap.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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Over 500 apartment investors enjoyed the 2021 Old Capital Conference at the Texas Rangers stadium in late September. James Eng gives you the recap of this outstanding annual networking event. Featured this year were: economist KC CONWAY, baseball Hall of Fame catcher - Ivan ‘Pudge' Rodriguez, and HEB Grocery Store President- Scott McClelland. Of course we had the top apartment brokers, capital markets lenders and general partners discussing apartment investing today. Old Capital is hiring. Contact James Eng at JENG@OldCapitalLending.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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast

Michael gets into the weeds with apartment insurance. Inflation on building materials, labor, and the supply chain are having a direct impact on annual insurance premiums. When buying a property, don't use the seller's annual premium on costs on the PROFIT & LOSS. It could be off my several thousands of dollars. Make sure you get a updated & realistic insurance quote. BONUS QUESTION: Self-Management versus third party property management; what is better? 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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

You've heard of the ORACLE of OMAHA, right? Warren Buffet. Well…. Meet the Oracle of North Carolina! JP Conklin with Pensford. JP is the ‘interest rate fortune teller.' Pensford is a financial consulting group that gives real estate investors the ability to hedge interest rates. JP gives you the inside track on where interest rates are at today and where they are potentially going. Financing an apartment today; should you consider floating with an adjustable rate OR locking into a long-term fixed rate? Many loans are tied to the 10-year treasury…that has been rising recently…so this is a timely conversation in your decision. You don't want to miss this discussion. 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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Many investors think of West Texas as oil and gas only. Well...this huge, economically diverse area takes over 8 hours to drive from Fort Worth to El Paso. Wow!! It's like a whole different country; with many small and large towns in-between. West Texas could be an opportunity to grow your apartment portfolio. Greg Brownd and Grant Roehm explain why investors are buying apartments in Amarillo, Lubbock, Midland, San Angelo and El Paso. To contact Greg: gregbrownd@kwcommercial.com To contact Grant: grant.roehm@kwcommercial.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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Apartment Rehab 1.0 - was probably completed 9 years ago by the initial round of value-add apartment investors on older buildings. Today, those units need to be updated with the latest amenities. Today Apartment Rehab 4.0 - is needed to keep tenants continuing to pay higher rents. Where do you start with a rehab? Michael gives you examples on what he did when he first got started in upgrading apartments and what he does today. 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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Bridge loans are taking a larger share of the apartment financing market today. Non-recourse debt funds offer apartment buyers higher leverage and lower pricing with a bridge loan. Why is that? Because bridge loans take into account your future NOI- unlike Agency loans that only focus on historical NOI; they provide more flexibility in underwriting and higher loan dollars. Bridge loans can help you acquire the property, provide most of the rehab dollars to increase future NOI with stronger future rents, and allow a flexible exit strategy. These loans are short-term financing solutions and are not permanent solutions; so beware of the quicker maturity. 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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

The 2021 Old Capital Conference is the best Multifamily Conference in Texas. We provide apartment investors a chance to meet general partners, limited partners, apartment brokers, syndicators, management companies, mortgage bankers and apartment education and mentoring companies. This annual conference brings the best vendors together at a huge venue in Texas. They say everything is bigger in Texas… it certainly will be…because on September 22 & 23 you will be on the field at the Texas Rangers ballpark. Yes…the conference is held at the newest ballpark in the Majors. See you then. OldCapitalConference.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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

In real estate investing you should seek consistency or continuity. Some partnerships change teammates on every transaction. Today, Mr X, Ms Y and Mrs Z are all partners… tomorrow, on a new deal… Mr X is the same…but out - are the old partners - and now Ms A and Mr B are added. It seems like a lot of sponsors are gypsies. How does that work and why? Should that be concerning for a Limited Partner investor? Michael explains what he is noticing today in syndication trends and what can certainly be a future problem. 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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

A property manager acts on behalf of the owner in routine tasks such as rent collection, the administration of leases, the scheduling of maintenance and repairs, and, perhaps most importantly, tenant relations. Asset management, by contrast, is concerned with maximizing the revenue potential of each property and identifying new methods of creating longer-term additional value in the asset. These roles are distinct from one another. Jack Langenberg explains what he does as an asset manager for ownership groups. Jack emphasizes that asset managers are applying downward pressure on property managers to do more, which is likely a result of the technological advances made in analytical and data reporting tools in the past two decades. Jack is a real smart guy and you need to take notes. 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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Nobody wants to sound like a rookie when they first enter the apartment business. Especially when having an initial conversation with an important listing broker. Michael, gives you some preliminary questions to ask. Also, when should you bring in your property management company or the lender to review the deal? Finding the right balance on WHEN you should bring in your advisors is critical to your success. In addition, Michael offers you a few examples of when he stumbled in operating apartments. Learn from someone else's mistakes. 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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

You don't want to make a large mistake when buying a large multifamily property, but many investors will not hire a qualified apartment inspector or engineer to uncover any physical problems on the asset. Problems like a blocked or broken sewer line; or old electrical panels that won't trip and will have the potential to spark a fire; or how many older HVAC units must be replaced in the next 2-3 years. These costly problems will destroy your estimated operating budget. Bryan Amos gives you examples on what you can expect when calculating a budget. To contact Bryan Amos: BryanAmos@theomnigroup.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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Michael gives you his opinion on where the apartment industry is today. Rents are UP, Values are UP, and Cap Rates are DOWN. Is it going to last? TODAY is the 'golden age' of apartment ownership. Michael goes into detail where he sees the opportunities and challenges in the next few months with apartment investing and ownership. Also, the guys discuss the ramifications of being on the wrong side of Fannie Mae and Freddie Mac and how it will impact you on doing future business with the Agency lenders. 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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Chief Economist Greg Willett gives us the latest updates on rents, vacancy, & cap-rates. Throughout the country many apartment renters are going to need deeper pockets. After a slowdown during the early days of the pandemic, rents are rising again; the biggest such increase since 2016. Nationwide, average apartment rents were up 4.2% last month from May 2020 levels. In Phoenix apartment rents were almost 16% higher year-over-year, and rents rose at an annual rate of almost 15% in Riverside, Calif. Gateway cities, like New York and San Francisco have not been successful in moving rents up and are well below pre-pandemic norms. 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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

How much does it cost to borrower money? Interest rates are one of the key benchmarks for overall costs. The interest rate market is a constantly changing environment and strategies need to adapt to these changes. JP CONKLIN with Pensford gives you insight on where interest rates are today and where they are going. If you are going to borrower money to purchase an apartment building…you need to listen to JP CONKLIN. Managing interest rate exposure and maturity risk are two of the most critical components to the success of a project. To contact JP CONKLIN: pensfordteam@pensford.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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

The Old Capital Loan Officer Roundtable discussion brings incredible value if you are new to multifamily investing. Listen to some of the most active loan officers in the nation share real lending stories on what is happening today. You and your investors bring in the equity…and your lender brings the majority of the money. Your lender is your biggest partner. Listen to what you can expect from your multifamily lenders today. Should you pursue a BRIDGE LOAN; a FANNIE MAE or FREDDIE MAC LOAN; or a BANK LOAN? Listen to their insight to help you. 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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Michael explains the LARGEST and COSTLIEST mistake he made in buying multifamily: mismatching his mortgage debt with his business plan. The future is not clear- so you must use past experiences to make future business decisions. Michael thought choosing a longer-term fixed rate loan, with the expectations of interest rates rising in the future, would be a prudent business decision. Unfortunately, it was not. His loan was 10 years…but his business plan was to only keep the property for 3-5 years. Rates remained low and the loan came with a significant prepayment penalty called yield maintenance when they went to sell the apartment building. If he had chosen a shorter loan term with a less onerous pre-payment penalty… he would have saved millions. HE WON'T DO THAT AGAIN! 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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

If you are new or a seasoned apartment investor, Michael explains what he sees in the multifamily market. Low interest rates, higher occupancy, and even higher monthly rents with falling cap rates are making this market whacky. Can it be sustained? Well…probably not…but a lot of capital continues to flow into the market. In some of these markets, we have seen a 30% increase in apartment values. 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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Jad Richa is a Managing Director with Capstone Companies in Florida. He explains where apartment investors are seeking to buy apartments in the Sunshine State. Great conversation. Non-Recourse Bridge Lending (Debt Funds) is hot! Almost too hot! In the last few months, we have seen a huge rise of bridge lender transactions versus Fannie and Freddie. Listen to why some investors are turning to these short-term bridge lenders. Make sure you know the risks when using a bridge loan. To contact Jad Richa: jad@capstone-companies.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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

We all know that Nashville is the epicenter of Country Music, but with a huge population influx- it is a national top 10 apartment market. Adam Klenk, with the Capstone Nashville office, discusses the Nashville Apartment Market. James Eng and Clay Allen chat with Adam concerning unique hotel to multifamily conversions, and how buyers are moving up the food chain by purchasing higher quality apartments and finally- how to win deals earlier in the process. To contact Adam Klenk: adam@capstone-companies.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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Structuring investor returns is critical for your success. With tons of capital on the side lines…the historical apartment investor yields are falling. Lots of new investors are living in the past when it comes to investor yields. If you GUARANTEED a higher rate of return to your investors- than what the property is currently earning- you are going to be in trouble. Michael discusses those challenges today and what you should consider. Michael Becker has purchased over 10,000 apartment units between Dallas and Austin Texas. He is a former commercial banker and has a unique perspective of being of a former ‘loaner- of money’ and is now a large “owner- of commercial real estate.” 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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Uh-oh...do not find yourself on the Fannie Mae Bad List of apartment operators. If you get on that list…you can be temporarily or permanently stopped from borrowing with Fannie or Freddie. Both Fannie and Freddie are very, very serious on how you operate and maintain your apartment building. They are your largest partner and require you to continually maintain the asset. If you are black balled from being able to use Agency debt, you will severely handicap yourself from being an apartment syndicator. Michael Becker has purchased over 10,000 apartment units between Dallas and Austin Texas. He is a former commercial banker and has a unique perspective of being of a former ‘loaner- of money’ and is now a large “owner- of commercial real estate.” 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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Sean Henry sells apartments in Atlanta for Capstone-Companies. He has decades of experience in commercial real estate brokerage and is someone you want to listen to. Sean gives you the inside information on what is going on in Atlanta. Like- Where are the jobs being created? Where are the largest rent growth submarkets? Never invested in Georgia; what should you know- about the ‘martini glass’ growth pattern in Atlanta? Do you need “hard earnest” money when offering on a deal in Atlanta? Also…Sean gives great insight on how new develop deals are getting done and how the capital stack is put together. To contact Sean Henry: sean@capstone-companies.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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Secured Overnight Financing Rate (SOFR) is the new index that both Fannie, Freddie and some bridge lenders use for their adjustable rates. Remember, index + profit margin = interest rate. The more stable the index…the more stable the rate. In the last few years, the London Interbank Offer Rate (LIBOR) was the preferred index. BUT…regulators thought that LIBOR could be manipulated and now we have: SOFR. SOFR is consider a ‘less risky’ index. Michael Becker has purchased over 10,000 apartment units between Dallas and Austin Texas. He is a former commercial banker and has a unique perspective of being of a former ‘loaner- of money’ and is now a large “owner- of commercial real estate.” 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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Seven years ago, Mike Hardage left the HIGH TECH world and now owns thousands of units either as a passive investor or a sponsor. He speaks from experience after owning and investing in over 58 apartment investments with over 12,000 units…WOW!! Everyone likes to talk about winners, but not everyone likes to talk about the challenges in apartment investing. Mike shares with us real stories on what can go wrong in apartment ownership. A fire, a hurricane & then a large cash call became the ‘trifecta of investor problems’. Hopefully, you- like Mike Hardage- will have more winners than losers in your apartment investing. To contact Mike Hardage: Mike@BradSumrok.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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Michael believes specific education is important before apartment investing. Compressing the learning curve can benefit you as an apartment investor. A mentor can certainly help you. Today, there are lots of education options when it comes to apartment investing. BUT…not everyone that says they are an expert…is an expert. Sometimes, it can be confusing on what program is the best. Michael gives you some inside information that you should be looking to gain from these programs. Michael Becker has purchased over 10,000 apartment units between Dallas and Austin Texas. He is a former commercial banker and has a unique perspective of being of a former ‘loaner- of money’ and is now a large “owner- of commercial real estate.” 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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Airlines will not give an INEXPERIENCED or a NEW PILOT- a 737 airplane to fly- with a bunch of passengers in the back...if they have only flow a Cessna 172. BUT…How many folks do you know-that are trying to buy apartments without first using a qualified and successful instructor and mentor? Hopefully, those investors are NOT learning on your investable dollars. Do not trust someone with your hard-earned dollars if they have not had specific education in apartment investing. Even limited partner investors need to be educated on the “rules of the road” BEFORE they invest. Brad Sumrok has been teaching and mentoring apartment buyers and investors for almost 20 years. He has made his students financially independent by investing in apartments. Don’t risk your money; talk with Sumrok. To contact Brad Sumrok: www.bradsumrok.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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Not everyone wants to quit a job they like when entering into apartment investing. Imagine that you can do both. Own and manage large apartments AND continue to work your corporate job. Everyone loves options. Listen to how these two-W2 employees initially invested in other folks’ apartment syndications and today they buy and operate their own apartments. Wow!! Jeremy Thomason and Prashad Challa explain their journey on acquiring value added apartments and still working a corporate job. Can you do that? To contact Jeremy & Prashad: Info@jarspartners.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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Investors learn many ways. Books, Podcasts, & YouTube videos are great; but listening to apartment investors tell real stories is the best. Today, Michael shares with us some insight on how new managing members start to scale their business. Also listen to a recent challenge that Michael and his group faced with doing a TIC structure. BONUS: Super Broker Nick Fluellen chats with Michael Becker. Michael Becker has purchased over 10,000 apartment units between Dallas and Austin Texas. He is a former commercial banker and has a unique perspective of being of a former ‘loaner- of money’ and is now a large “owner- of commercial real estate.” 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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

A fortune cookie once said, “May you live in interesting times!” Today, in the capital markets and the pandemic, we certainly live in interesting times. Your biggest partner in an apartment transaction is the lender. The lender brings to the table about 70-80% of the funds you need to close on your apartment. You want to know what is working and not working for apartment lending. We sit down with loan officers at Old Capital to discuss all types of lending opportunities. Is Fannie & Freddie still lending? Should you consider a Bridge loan to get higher leverage? Are some syndicators having problems in raising investors’ money? If rates are going to be low for a while…should you consider an adjustable rate? A great discussion to listen to. To contact James: JEng@oldcapitallending.com To contact Ricardo: RHinojosa@oldcapitallending.com To contact John: JBrickson@oldcapitallending.com To contact Dave: DWalls@oldcapitallending.com To contact Julie: JPeterson@oldcapitallending.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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

A fortune cookie once said, “May you live in interesting times!” Today, in the capital markets and the pandemic, we certainly live in interesting times. Your biggest partner in an apartment transaction is the lender. The lender brings to the table about 70-80% of the funds you need to close on your apartment. You want to know what is working and not working for apartment lending. We sit down with loan officers at Old Capital to discuss all types of lending opportunities. Is Fannie & Freddie still lending? Should you consider a Bridge loan to get higher leverage? Are some syndicators having problems in raising investors’ money? If rates are going to be low for a while…should you consider an adjustable rate? A great discussion to listen to. To contact James: JEng@oldcapitallending.com To contact Ricardo: RHinojosa@oldcapitallending.com To contact John: JBrickson@oldcapitallending.com To contact Dave: DWalls@oldcapitallending.com To contact Julie: JPeterson@oldcapitallending.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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Join Michael Becker, a Principal at SPI Advisory, and a Dallas-based Multifamily Operator, who has purchased over 10,000 apartment units and manages over $1 Billion in Assets as he interviews with the best apartment operators, brokers, bankers, and economists in the nation. Michael talks to Brian O'Boyle, Vice Chairman at Newmark about the evolution of the Multifamily Market during his 40 years in the business. Listen to the nuggets, Brian Sr, shares with you! https://multifamilyinvestingshow.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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Well, you probably won’t do that again! If you cannot close; the seller WILL take your earnest money. Before you expose your own money to a possible loss (in this case- without having a creditable lending source) you must have an in-depth conversation with a lending decision maker. Your lender is your biggest partner, and you must get them to invest in the deal, too! Be completely transparent to the lender. Michael Becker has purchased over 10,000 apartment units between Dallas and Austin Texas. He is a former commercial banker and has a unique perspective of being of a former ‘loaner- of money’ and is now a large “owner- of commercial real estate.” 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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Need a road map? Before you drive…make sure you know where you are going. Do you really need a map to figure out where this economy is and where it is going? Yes. You. Do. KC Conway creates a map for the real estate investor. KC is the Chief Economist for the CCIM Institute. He shares his thoughts on what you can expect in the future in real estate investing. This is a great conversation with over 500 investors that registered at the Old Capital Speaker Series in December. If you want to watch the video with the slides, https://www.youtube.com/watch?v=rdqE_4UoXPc Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast. 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.

Kim Lisa Taylor is a nationally recognized corporate securities attorney, speaker and the author of the No. 1 Amazon best-selling book “How to Legally Raise Private Money". She is the founder of Syndication Attorneys, PLLC and InvestorMarketingMaterials.com, whose purpose is to provide quality legal advice, plain English offering documents and professionally designed marketing materials for clients nationwide. Kim has been the responsible attorney for hundreds of securities offerings Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast. 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.

Are you BUYING a big apartment building? Trevor is a Freddie Mac apartment loan originator for over 20 years. He wants you to understand why a Freddie Mac loan would be a great option to finance a large apartment building. Why Freddie? Why Fannie? Trevor explains some of the differences between the two non-recourse lenders. As you may have seen, the Federal Housing Finance Agency (FHFA) announced a new cap structure and mission-driven requirements for our business. This mandate reduces Freddie Mac and Fannie Mae’s ability to purchase multifamily mortgages to $70 billion each, or $17.5 billion average per quarter in 2021. Still plenty of money to fund your apartment loan. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast. 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.

Is the apartment market too difficult to buy into? Have you considered investing into mobile home or recreational vehicle parks? Robert Denninger with Marcus & Millichap in Dallas sells mobile home park communities in the Southwest. Over the last 15 years, mobile home parks have created excellent returns for investors. Are those opportunities still available? Robert discusses the 5 things you must know to be a successful buyer of “WHEEL-ESTATE” Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast. 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.