Episode 200 - RECAP of the 2019 Old Capital Conference. Before you invest; LISTEN TO THIS PODCAST

James “The Professor” Eng goes through the highlights of the two-day 2019 Old Capital Multifamily Conference at the House of Blues in Dallas. Almost 700 apartment investors attended the annual networking and educational event at the end of October. James gives you a breakdown of the different speakers and topics that were featured.
Kim Betancourt, top economist with Fannie Mae, spoke about apartment demand and what you should be looking for today. Michael Becker hosted the top producing apartment listing brokers in Texas. Paul Peebles spoke with the most active apartment bankers and what they are lending on today. Brian O’Boyle Sr. moderated the “Rocking Chair Panel.” These five apartment owners and managers, have been active for over 30 years, gave great advice to the newer apartment investors. Finally, college football icon, Lou Holtz spoke about “doing the right thing” for your investor partners, lenders, and tenants.

Wow! This was a wonderful conference; hopefully you will be able to attend next year.

Watch this short video:
https://www.facebook.com/7917265/videos/10114240630948300/

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 - Michael, a new apartment syndicator wants me to invest into her deal, but she was not going to invest any of her own money into the deal; what do you think of that?

Michael shares his opinion of a syndicator that doesn’t put any of their own funds into a deal, but wants you to invest your money. Some new apartment syndicators or new managing members are under the impression that they do not need to put any of their own money into a deal that they are putting together. Michael, gives a lending war story or two from years ago when he was a banker.

ASK MIKE MONDAY- Michael, the holidays are upon us…what should we do for our investors?

Investors will only invest with you when they know, like and trust you. Perhaps a holiday party would be a good opportunity to build a deeper relationship with your investor. The guys discuss a “relationship building” activity that some investment groups use around the holidays.

Old Capital Bonus Segment: Keeping it Real with Darwin German- “What could possibly GO WRONG in apartment investing?”

Darwin German is a PROUD apartment syndicator. He has been investing, operating and brokering commercial real estate for over 30 years. In the past, he has owned or managed over 8000 units. Today, through investor syndication he delivers housing to over 1500 families.
He has over 400 individual investors and provides a living wage to his 50 employees. He is filled with great stories in owning and operating apartment buildings. In the coming podcasts, Darwin, will share some of those lessons he has learned. He is an open book.
Today, in the podcast, Darwin will give you his background on how he came into the apartment industry. He provides a few educational pointers to potential apartment owners and operators and then shares a crazy story about his first apartment purchase.

To contact Darwin German: Darwin@darwingerman.com

ASK MIKE MONDAYS - Michael, I listened to an apartment guru recently who spoke about cost segregation and bonus depreciation. Can you explain it to me and how it can help me as a w2 engineer?

Michael discusses another reason to invest in commercial real estate. Bonus depreciation can have a great impact on you. Please chat with your personal financial adviser or tax professional on what investing into a “hard asset” can do for you.

Old Capital Bonus Segment: Command Authority with Lane Beene - “What QUESTIONS SHOULD YOU ASK a real estate syndicator?”

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. In today's podcast, Lane discusses how you can QUANTIFY a good apartment operator. What questions should you ask? How do you determine that a sponsor won’t lose your money? Does this operator know what they are doing? Lane frames his questions through his four pillars of real estate investing 1) strategy, 2) market, 3) team, and 4) property. Lane examines ‘What are personal opinions versus facts’ when apartment syndicators answer your questions. Making an investing decision can be difficult, but Lane gives you some questions that you need to ask…before you hand over your hard-earned money.

To contact Lane Beene: Lane.Beene@pilot-legacy.com

Episode 199 - Hunter Thompson: “What could you learn from a very active - but PASSIVE REAL ESTATE INVESTOR?”

Not everyone wants to be the captain of the airplane. Most folks want to be in the back of the airplane enjoying the flight. A passive investor wants to enjoy their equity investment. Today, in the podcast, we chat with Hunter Thompson with Asym Capital. His group ONLY invests into real estate transaction as a passive investor. What could you learn from a passive investor? Why do they invest in a real estate transaction? Do they have a checklist of questions they ask the deal sponsor to get comfortable?
Hunter speaks about the 7 stages of being a passive investor. BEFORE you invest… You must complete due diligence on 1) the Sponsor 2) On-site manager 3) Loan Terms 4) Property Proforma & Historical Performance 5) Current Market & Submarket 6) Physical Due Diligence 7) Understanding the PPM and Operating Agreement. Passive Investors will invest in real estate opportunities when they KNOW, LIKE & TRUST the sponsor and the deal. Start asking questions.
www.raisingcapitalforrealestate.com is where you will find Hunter Thompson’s new book.
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