ASK MIKE MONDAYS - Mike….I am a fairly new real estate operator….what should I do first?

Well….you need to find deals and find money! Building relationships with brokers, equity investors, contract attorneys, lenders, physical engineers, & SEC attorney should be your first course of action. Some folks may use LOOPNET to find their first deal and that is OK, but most SERIOUS BUYERS contact listing agents in the market. Don’t be a jerk…this is a small business and word will get around. Sound advice in any business.
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.”

Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Episode 223 - PART 2: Want to BUILD a 300+ unit apartment building? THESE GUYS ARE DOING IT and will TEACH YOU!

Lane Beene and Michael Walker are building a $52 million apartment complex outside Austin, Texas. Yes…over 300 units!! Want to learn on how they are doing it? Could you do it? How do you get started?
What should you do first; raise the equity? get a builder? find and purchase the land? What do you need to know? Who needs to be on your team? What type of prior ownership experience do you need? How long will it take? Do you apply for a Bank or a FHA construction loan? So much information… that we broke it up into 2 podcasts.
Lane & Michael teamed up to form Pilot Legacy Properties. Listen to how they assembled a group of professionals to build a large apartment building in an opportunity zone. Fritz Waldvogel with Colliers Mortgage explains what is important when qualifying for a loan.

To contact Michael or Lane: pilot-legacy.com

Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Episode 222 - PART 1: Want to BUILD a 300+ unit apartment building? THESE GUYS ARE DOING IT and will TEACH YOU!

Lane Beene and Michael Walker are building a $52 million apartment complex outside Austin, Texas. Yes…over 300 units!! Want to learn on how they are doing it? Could you do it? How do you get started?
What should you do first; raise the equity? get a builder? find and purchase the land? What do you need to know? Who needs to be on your team? What type of prior ownership experience do you need? How long will it take? Do you apply for a Bank or a FHA construction loan? So much information… that we broke it up into 2 podcasts.
Lane & Michael teamed up to form Pilot Legacy Properties. Listen to how they assembled a group of professionals to build a large apartment building in an opportunity zone. Fritz Waldvogel with Colliers Mortgage explains what is important when qualifying for a loan.

To contact Michael or Lane: pilot-legacy.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 221 - Want to sound SMART around apartment investors? Listen to this guy and repeat what he says

JP Conklin knows interest rates.; in fact, he is an expert. JP is the industry leader for all things interest rate related at Pensford. JP Conklin and Michael Becker discuss the ‘state of the market’ and where interest rates are now and forecast their future direction. This is a timely conversation if you are looking to purchase and finance a large commercial property in the future. The entire world is searching for ‘yield’- a rate of return on their money…and having troubles trying to find it. So far… the only real benefit… through this pandemic to real estate…has been a discount on interest rates. Is it time to take advantage?
To contact JP Conklin: Pensford.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 - Mike, I am a fairly new investor. I keep hearing that I should be buying older apartment buildings that need to be rehabbed to get the highest return to my investors. Is that true?

BUT my real question is …should you only focus on investors that want no cash flow - in the immediate future- and then eventually get a capital gain in the future…..OR should you pursue investors that need monthly cash flow today to supplement the lowering of their returns on fixed income? What say you?

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 now a “owner- of commercial real estate.”

Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

ASK MIKE MONDAYS - Michael, I keep hearing about the tax benefits on buying apartments; can you explain it to my husband one more time? What is bonus depreciation and when is it going to expire?

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 now a “owner- of commercial real estate.”

Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Episode 220 - Do you REALLY WANT TO LEARN about apartment investing? Michael Ochstein has been owning, managing large apartment building for over 35 years. Listen to his stories.

There are old pilots. There are bold pilots; BUT…there are NOT A LOT of OLD and BOLD pilots. Michael Ochstein has operated apartment buildings for over 3 decades and is not a BOLD PILOT that takes chances over several cycles. He has done it right and shares his ownership stories. How do you buy and manage thousands of apartment units, keep your personal financial statement clean, raise equity from hundreds of happy investors, never have a foreclosure, put lower loan leverage on the asset and then keep relevant in the apartment business? Listen to this discussion. Michael Ochstein, has seen a “financial crisis or two” over his career and gives his opinion on what is happening now with coronavirus and the impact on rental collections and low interest rates.

To contact Michael Ochstein: info@pricerealtycorp.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.