EPS 278 - February Speaker Series Greg Willett Apartment Economist

Did you ever listen to a guy that KNEW what he was talking about? I mean really knew the subject. The February Speaker Series features THAT guy. Greg Willett is with Marcus & Millichap- Institutional Property Advisors Group. He is the apartment economist that big institutional apartment buyers listen to, senior bankers listen to, he is quoted in numerous newspapers and financial articles, and now we want you to listen to him. Greg chats about what is currently on the horizon for apartment rental growth, cap rates, and what local markets are the best. Great conversation in front of 300 apartment investors.

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.
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*A NEW CYCLE BEGINS by Greg Willett

ASK MIKE MONDAYS: “Michael, oh wise one…How are we going to get through higher rates on these apartment transactions and survive?

Higher Interest rates and lower debt sizing is what ALL apartment syndicators are anxious about today. What is your defensive strategy? Michael gives you INSIDE INFORMATION on how he is structuring his transactions in this environment. Survive until ’25.
Listen to the guy that has 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.
If you enjoyed this discussion…. Please leave us a 5 STAR RATING on iTunes.

EPS 277 - Have a BRIDGE loan and NEED TO GET OUT? Can a HUD loan protect YOUR partnership?

Mention HUD financing to apartment syndicators a couple years ago…they would laugh at you. Today, many syndicators are not laughing. Those adjustable-rate loans need additional capital (like a fish needs water) from their limited partner investors to purchase expensive interest rate caps; so numerous syndicators are exploring different refinancing options. Fannie & Freddie are good options, but many syndicators are “changing the narrative” to hold the property longer until the market improves. A HUD loan could be a better option with a 35-year fixed term and lower debt service coverage to qualify. Listen to this important discussion on HUD financing in today’s market.
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 would appreciate that, thanks.

EPS 276 - Rule #1: Protect your Limited Partners First

If you are going to be a syndicator for the next decade or two; you must protect and communicate to your limited partners. We are in turbulent times in multifamily. Many promised distributions have not been made to investors, interest rates have skyrocketed after the loan documents were signed, interest rate caps have gone up in cost over 40 times, and rental growth is stagnant. What is the general partner to do? We discuss three challenges that Lane Beene and his team at Pilot Legacy Group are faced with. Listen to how they protected their limited partner investors when REAL DOLLARS are at risk. Watch their monthly video on getting the message out to their limited partners.
To contact Lane Beene: lane.beene@pilot-legacy.com
Watch How Lane and his team communicate: https://www.youtube.com/watch?v=uYmZ9walxEM
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 would appreciate that.

EPS 275 - DIDN’T GO TO NMHC this year? What we heard at the MASSIVE 2023 Annual National Multifamily Housing Conference in Las Vegas that WILL make you modify your investing this year.

Over 10,000 real estate professionals came to Las Vegas last week. This is the BIG CONFERENCE for apartment buyers & sellers, lenders, equity providers, new apartment builders, commercial Realtors and lots of other folks that support the apartment industry. This meeting is not for the brand-new syndicators, this is the next level of apartment investors. We spoke with the major players in this dynamic industry. You want to know what they shared and how it WILL adjust your investing for 2023 and beyond.
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 would appreciate that.

EPS 274 - Meet Mark Allen and Todd Franks with GREA- Dallas. INSIDE SECRETS with top apartment brokers in Texas.

Mark and Todd sell apartments in Texas, Oklahoma, and Arkansas. Their team traded over a $1 BILLION in apartments in 2022. Wow! Listen to how apartment transactions are being structured today. What makes a good buyer? Who is selling & why? Where is the money (debt & equity) coming from? What are cap rates today? Are syndicators still buying? At this valuation level of the apartment market-should you dollar cost average (like stocks) by investing in this market? Also…helpful Ideas to share on why investors continue to invest in apartments.
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 would appreciate that.

EPS 273 - Goodbye 2022; What can you expect in apartment investing in 2023?

“Survive to '25- that’s 2025!” That could be the most important lesson from today’s podcast.
In the beginning of 2022, many apartment investors were geared up to be very aggressive in buying buildings. Low rates, plenty of capital (debt & equity), & great inventory to buy. Then…At the end of the first quarter…. BOOM. The industry slowed down. I mean stopped. Inflation. Higher Interest Rates. Slowing economy. Rising Cap Rates. Less Sellers. Less Buyers. Equity was difficult to raise. Larger down payments were required. A complete 180 from January. WOW!
Today…beginning of 2023; What should you do? Stay invested? Buy more? What are the challenges, and the opportunities investors are faced with today. You need to listen to what industry insiders are saying…it could save or make you money.
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 would appreciate that.