The Old Capital Podcast is aimed at Real Estate Investors - both new and experienced.
Hosts Michael Becker and Paul Peebles deliver no-hype education and expert perspectives.
You will gain valuable insights from interviews with actual real life investors who are active in acquiring and operating apartment complexes. You will discover how they are identifying, financing and operating apartment complexes, as well as helpful advice on how to get started and avoid common mistakes.
As the situation around COVID-19 continues to evolve, we recognize that these are unprecedented times that most apartment operators have never been through. They don’t know, what they don’t know. James “The Professor” Eng explains what committed operators must do to keep their property cash flowing. This is up to the minute advice that all operators must heed.
To contact James Eng: JEng@oldcapitallending.com
This special edition focuses on what LIMITED PARTNERS and GENERAL PARTNERS can possibly expect with the impact of the coronavirus on apartment investments. You will want to listen to this.
Rowan Multifamily Advisors (RMA) is a full-service real estate brokerage company for the acquisition and disposition of multifamily assets in North Texas. They focus on ‘B & C’ multifamily properties. This family owned company is led by a North Texas apartment industry legend in Mike Burch. RMA was started in 2012 by Mike Burch, his son Coleton Burch and industry veteran Pete Hartnett. Mike has been selling and buying apartments for clients since the early 1980’s. Today, this regional apartment brokerage company has over $400 million in transactions under contract. Listen to their ‘hustle’ attitude for success.
To contact Coleton Burch: coleton@rowanmultifamilyadvisors.com
To contact Rowan Burch: rowan@rowanmultifamilyadvisors.com
To contact Lane Beene: Lane.Beene@pilot-legacy.com
Rickey is an underwriter/ gate keeper for a Small Balance Fannie Mae and Freddie Mac lender. He is an expert in providing smaller, non-recourse loans between $1,000,000 - $6,000,000 with the Agencies. Rickey explains what some of the new underwriting rules are for apartment buyers for 2020. Is Fannie Mae better? Is Freddie Mac better? Rickey helps you decide what loan could be a better choice for your current acquisition or future refinance. When deciding on the right type of apartment financing; make sure you understand the benefits (non-recourse, 30-year amortization, higher leverage) and future hard costs (if you want to payoff early) on each loan product. Making the wrong product decision could be painful and costly.
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 discusses and answers some of the questions that you asked.
Good apartment property management is critical for your success. In today’s discussion Lane speaks with Michael Walker with Walker Holder Residential Property Management. Michael has been in property management since 1981 and currently manages thousands of apartment units. Where do you start to find a property management company? How do you get a referral to the right group that is going to manage your asset? What are the hiring criteria you must look at? How much involvement should the owner have with the property management company on a daily, weekly, monthly basis? This is important in defining everyone’s roles. What monthly reporting is pushed over to the ownership group? What should you expect? This is a good high-level discussion.
To contact Michael Walker: walkerholder.com
To contact Lane Beene: Lane.Beene@pilot-legacy.com
In structuring transactions; there are somethings you can do and not do…per the IRS guidelines. Michael discusses some of the in’s and out’s of doing a TENANTS IN COMMON structure.
