Multifamily Investing and Financing UPDATE May 2020

James “The Professor” Eng gives you straightforward information on what is happening with investing and financing for May 2020. His discussions include:

1) Financing your first deal
2) Case Study of forming your sponsorship group
3) May rent collection vs. Mar/April
4) FNMA/Freddie Mac/CMBS default data
5) Overview of why deals go on Watchlist and Special Servicing
6) FNMA/Freddie Mac Financing Update
7) Case study on How deals are still getting done
Q&A

This presentation is on YouTube:

https://www.youtube.com/watch?v=rO3gRb4Qw_U&list=PLHyWiX5X1UR_ekqnLTV1qu2x3sbVkEKr5

To contact James Eng: JEng@oldcapitallending.com

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.

ASK MIKE MONDAYS- “What happened to all the ‘DOOMSAYERS’ in March? How are collections for May?”

Back in March, at the beginning of the coronavirus, many apartment owners thought that rental collections would fall substantially. No Job, No Income, and then No Rent paid…made landlords very nervous. Today, rental collections on many properties have been not been affected significantly. 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 ‘loaner’ and now a “owner” of commercial real estate.
Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Episode 217 - First Time Apartment Buyers Give Advice on Acquiring a 48 unit building in Syracuse, NY.

Julie Peterson with Old Capital speaks with first time apartment sponsors Gary VanBortel and John Bilinski on their recent purchase of a 48-unit building right before the coronavirus hit. These former single-family investors met at a national multifamily conference and decided to become partners in acquiring apartments. This journey took a few twists over a few months. The seller was in legal trouble, title company would not insure title, initial lender backed out, original property manager was too small for the acceptance of Freddie Mac, asbestos in the floor tiles, and, and, …and. Yikes!! Listen to how they overcame these obstacles and succeeded in closing. Oh, by the way…Then coronavirus hits the month after closing. Great story.
To contact Gary VanBortel or John Bilinski: RocCapitalGroup.com
To contact Julie Peterson: JPeterson@oldcapitallending.com

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.

Episode 216 - Bill Brancucci gives us “inside information” on why he left Wall Street real estate to buy local apartments. His group now owns 1500 units in 5 years.

Bill Brancucci wanted to get into real estate. After spending almost 30 years in New York doing investment analysis, management, and sales…he jumped into real estate investing a few years ago.
Bill discusses his first purchase and his last few acquisitions of apartments. He gives us insight on what mistakes he made and how he eventually recovered. Also, Bill gives useful knowledge on why he purchased properties in Georgia and South Carolina.

To contact Bill Brancucci: wbrancucci@citadelgrp.com citadelamerica.com/
To contact John Brickson: JBrickson@oldcapitallending.com

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.

Interview with the owner of 25,000+ units: David Moore of Knightvest Capital

David Moore never does interviews and rarely shares his secrets in buying apartments.
The co-founder of Knightvest Capital has purchased over 110 large apartment buildings and 40,000 units in the last 12 years. He learned a few things that he wanted to share with you.

He answers questions about:
1) How we bought his first deal for $12K in 2008
2) Starting his property management company
3) Raising Equity for the first time
4) Transition from Class C to Class A
5) Underwriting standards and return thresholds (IRR targets)
6) Biggest mistakes over the last 12 years
7) April collections and leasing
8) New Acquisitions
9) Forecast for next 2 years
10) Advice for new investors

We also visited with a real estate attorney, property tax consultant, and a property insurance advisor. This should be exciting.

To contact David Moore: knightvestcapital.com

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.

Episode 215 - Did your deal sponsor originally raise $$$ the wrong way through ‘unlicensed capital raisers’? ARE YOU EXPOSED?

Maurico Rauld is an attorney that advises real estate sponsors on how to legally raise money. Mauricio is the founder and CEO of Premier Law Group, a boutique securities law firm based in southern California. In today’s podcast, we reveal a growing concern that some deal sponsors have raised equity through unlicensed capital raisers. To legally raise capital for a partnership you need to be a licensed Registered Investment Advisor. A registered investment adviser is registered with the Securities and Exchange Commission or a state's securities agency. Unfortunately, some partnerships raised capital from non-licensed folks and now have exposed you and the partnership to some potential legal problems. This is a very important podcast to listen to.

To contact Mauricio Rauld: www.premierlawgroup.net

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.

Episode 214 - Super Passive Real Estate Investor Hunter Thompson discusses how he picks the right “Horse”

Hunter Thompson invests in different types of real estate, but only as a passive investor. He invests in other sponsors transactions. He is NOT an operator or daily manager of real estate investments. Before he places money into someone else’s partnership; he does incredible amount of due diligence. He is a ‘horse picker’; he looks at the quality of the JOCKEY (operator), the HORSE (apartments, self storage, mobile homes, etc.), and in the right RACE (location of the asset). Most of his ‘horses’ have been winners over the last 10 years. Listen to how he analyzes transactions and how that can help you.

To contact Hunter Thompson: asymcapital.com or cashflowconnections.com

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.