Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
508 episodes - English - Latest episode: 18 days ago - ★★★★★ - 489 ratingsThe Old Capital Real Estate Investing Podcast is aimed at Multifamily Real Estate Investors both new and seasoned. Hosts Michael Becker and Paul Peebles deliver no-hype education from an experienced commercial banker’s perspective. You will gain valuable insights from in-depth interviews with real life investors who are actively acquiring and operating apartment complexes in today’s environment. You will discover how they are identifying, financing and operating multifamily properties, as well as helpful advice on how to get started and avoid common mistakes. Be sure to subscribe today, as there is a new episode released weekly.
On our show we’ll feature industry experts and discuss topics such as:
• Syndication
• Private Placements
• Commercial Real Estate Investing
• Apartment operation and renovations
• Creating Passive Income
• 1031 exchanges
• Commercial Real Estate Lending
• Fannie Mae Financing
• Freddie Mac Financing
• CMBS Loans
• How to buy your first commercial property
• Property Tax Protesting
• How to get Started with your first Multifamily acquisition
• Saving money on Taxes
• Multifamily Mentor
• Rich Dad Robert Kiyosaki
Visit us at www.oldcapitalpodcast.com or www.oldcapitallending.com
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Episodes
EPS 306 - The “Legend” CHARLIE YOUNG, with Madera Residential, sure can tell a story.
April 06, 2024 02:04 - 46 minutes - 42.5 MBDo you think a guy that has bought over 120 apartment buildings could teach you something? Yes…that’s 120 buildings, not units. Madera Residential is one of the largest and most active apartment buyers in Texas. You will love Charlie’s down-home charm and wisdom, but don’t let that fool you. Charlie and his team are experts in finding opportunities in today’s challenging market. They initially started with value added properties and now are investing in the best of class apartments in Texas....
EPS 305 - MEET REAL ESTATE GURU- Steve Davis with TOTAL WEALTH ACADEMY.
April 04, 2024 08:45 - 31 minutes - 28.6 MBDo you have exposure to real estate in your personal balance sheet? Going from ZERO to ONE is the most challenging part of investing in real estate. When you start investing in apartments you don’t know- what you don’t know, right? Steve Davis and his team at Total Wealth Academy will give you the confidence to invest. Listen to Total Wealth Academy Radio Show…on lots of radio stations across the nation. To Contact Steve Davis: totalwealthacademy.com Are you interested in learning more a...
ASK MIKE MONDAYS: “DEFAULT INTEREST- A lending phrase you must learn!”
March 29, 2024 00:58 - 24 minutes - 22.8 MBWhen a property fails, and the borrower stops making payments…that’s a problem for the lender and the borrower. What you may not know- is that when you stop making mortgage payments- this will cause the lender to accelerate your interest cost. Yikes!! In your loan documents there is specific language that aids the lender by increasing your current interest rate to over 20%.... Yes…it’s a huge jump that goes from BAD to WORST immediately. Are you interested in learning more about how Multi...
EPS 304 - How do you QUALIFY FOR A LARGE APARTMENT CONSTRUCTION LOAN? Who’s on your team matters!
March 17, 2024 03:15 - 51 minutes - 47.5 MBIt seems like every other investment sales flyer we see today…offers the opportunity to buy land. Land to BUILD an apartment building. Many investors are now focused on construction. How do you finance? Should you consider a 35-40% down conventional Bank loan that is full recourse? Or should you consider a 15% down…government backed, non-recourse FHA loan with a 40-year fixed rate? Yikes! Both can come with challenges. Today, we chat with two experts in underwriting large apartment construct...
EPS 303 - Loan Officer Roundtable: 1st Quarter 2024- What are lenders approving today? OR… NOT!!
March 15, 2024 10:08 - 40 minutes - 37.2 MBSo…You want to buy an apartment building? Who is your biggest financial partner in the transaction: it is your lender! Get to know your lender and what they can offer you. Know what the lender expects today and their “hot” buttons for approval. It’s completely different than 24 months ago. We will speak with the top producing loan officers at Old Capital that will explain: Who is lending today- Fannie/ Freddie/ Bridge? Are banks still lending? Should you take a Fixed or Variable rate? You ne...
EPS 302 - Coaching and Counseling: The INFAMOUS Buyer/Seller Call. What to expect!
March 01, 2024 07:26 - 50 minutes - 46.4 MBImagine this. You are in BEST and FINAL and about to be awarded a huge apartment building. It’s you and two other buying groups. You made the cut and now the seller must make the right decision. Who to choose? Are you the right buyer? Can you close? The seller has too much on the line to make the wrong pick. They want to talk to YOU! It’s the BUYER/SELLER call. Jakob Andersen with Newmark in Dallas goes through a CASE STUDY on what you should say and NOT say…when you are on that important CA...
EPS 301 - Nashville is ROCKIN’ in multifamily! Have you explored central Tennessee?
February 28, 2024 07:57 - 43 minutes - 39.9 MBBrian Truman with SVN- Accel Commercial Real Estate sells lots of apartments in Tennessee. Did you know that Health Care Management is the top industry in the Music City Capital and not tourism. Brian discusses why 75% of his investment sales business comes from out-of-state investors buying apartments around Nashville and where the best places you should be looking to buy. Who is moving to Tennessee and why? Can you earn “generational wealth” in smaller towns in the central part of the nati...
EPS 300 - Your BRIDGE LOAN is coming due! What can you do? Can you qualify for an extension? Can those BRIDGE TERMS be modified?
February 09, 2024 00:34 - 41 minutes - 37.7 MBThese bridge loans are quirky…because all loan documents initially agreed upon (between lender attorney and borrower attorney) are like snowflakes. Every set of loan documents are different…they are not promulgated forms like Fannie loan documents. Some language added…some language subtracted. What does that mean when you are negotiating an extension? Listen to attorney Shameer Soni on what he suggests when speaking with your Bridge lender. Shameer Soni & Chris Barsness: The Patel Law Group...
EPS 299 - Live from the 2024 National Multifamily Housing Council Meeting in San Diego. What did we learn?
February 02, 2024 13:45 - 30 minutes - 28.2 MBWith over 10,000 apartment investors, lenders, general partners, property management companies, and apartment builders… this is the biggest annual event for the apartment industry called NMHC. What was discussed? Well…the biggest take aways are: from the lenders…”we are not at the bottom of the cycle: more distress is coming!” The sales brokers said…”now, is a great time to buy.” The buyers said…”I will only buy with positive leverage on stabilized NOI and I want at least a 6 cap +”. The sel...
EPS 298 - Are PROBLEMS in 2023 going to be OPPORTUNITIES in 2024?
December 22, 2023 02:14 - 32 minutes - 30.2 MBHere’s a few phrases to remember from 2023… “Refinance in ‘24”- “Survive to 25” “Operate in 2026” “Sell everything in 2027” “Retire on the beach in 2028” - High level discussion on what the capital markets are witnessing today and next year. Get on the Old Capital distribution list to stay ahead of ALL the networking and lending activities that we do. OldCapitalPodcast.com OldCapitalLending.com OldCapitalConference.com Are you interested in learning more about how Multifamily Syndicati...
ASK MIKE MONDAYS: “Michael, how big of an impact will this recent REDUCTION of interest rates have on the apartment industry?”
December 18, 2023 10:11 - 34 minutes - 31.9 MBApartment investing has been challenged in the last two years…with rising interest rates on both short term and long-term rates. The 10-year Treasury spiked up to 5% just 90 days ago…and is now down 110 basis points; that’s a large move….SO what effect will that have on apartment investing? Michael chats about what challenges and opportunities he is observing today. Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn more ...
EPS 297 - Want to listen to someone REALLY, REALLY SMART about apartment trends? Listen to Chief Economist Jay Parsons at RealPage.
December 07, 2023 12:34 - 45 minutes - 42.1 MBJay Parsons serves as Senior Vice President, Chief Economist for RealPage. He provides deep insights on market trends and consumer behaviors. He is a frequent author and speaker on topics affecting multifamily apartments and single-family rentals, including rental housing investment and asset management strategy, rental housing policy issues, risk mitigation and property management. He’s the guy you want to listen to…. Are you interested in learning more about how Multifamily Syndications...
EPS 296 - “What’s my apartment worth today?” Listen to JLL’s TOP Apartment Appraiser.
November 16, 2023 06:51 - 42 minutes - 38.9 MBKai Pan, MAI serves as Executive Managing Director and National Multi-Housing Valuation Lead for JLL Value and Risk Advisory in the United States. How do you value your apartment building today? Ask the broker trying to get your listing, Ask a potential buyer that wants a discount, then Ask a lender that reviews the current financials and figures out a loan amount…and you will get three different answers! What’s the upside for property values today? What areas still have future “outsized” re...
EPS 295 - Every Good Fighter Pilot Starts a STORY the Same Way… “So, there I was….”
November 07, 2023 06:06 - 30 minutes - 27.7 MBLane Beene knew he was in trouble when a surface-to-air missile was headed to his F16 over Yugoslavia . Packed with explosives and metal shards, this “hyper-maneuvering” missile was prepared to destroy our American pilot and his plane. Lane Beene chats on stage at the 2023 Old Capital Conference on how apartment syndicators have faced tough challenges these days with higher interest rates, expanding cap rates, and short maturities on bridge loans. Are we going to get shot down? Are we going ...
EPS 294 - 2023 Old Capital Conference Highlights: “Top Gun” Apartment Sponsors- YOU NEED TO LISTEN!
October 27, 2023 03:32 - 36 minutes - 33.4 MBIn Top Gun, the main character was Maverick. Maverick was successful because he thought outside of the box. I think all of us have a “little” Maverick inside. These Apartment Sponsors share their story on how they left their W2 job and became successful apartment owners. These experienced sponsors “think” a little outside the box, too. They chat about numerous topics: How do you scale up to the next larger property size? Should you self-manage? How do you raise capital today? Next year- join...
EPS 293 - 2023 Old Capital Conference Highlights: Top Dallas Brokers Listing Panel- Up to the Minute info.
October 20, 2023 05:59 - 56 minutes - 51.7 MBOver 550 apartment investors heard the “best of the best” Dallas apartment brokers give insight on what owners and buyers need to know. Some legacy owners (last 1-3 years) are in lifeboats because of their debt structure. Can they survive? Can you take advantage of buying some of these assets? What are cap rates? What should we do now? Next year…join us at the 2024 Old Capital Conference and get networked. Are you interested in learning more about how Multifamily Syndications work? Please...
EPS 292 - “Saving Private Investor” Today, OUR mission is YOUR money!
September 29, 2023 06:44 - 41 minutes - 38.1 MBWe are at war! We are on the front lines. Yes…We are taking fire! Keep your head down! We, as apartment investors, are in a foxhole being bombarded with challenges every day. Higher interest rates, higher taxes and insurance, higher interest rate cap costs, pending maturities, cap rates going up…yes…lots of incoming problems. “If I make it through this…I’ll never do that again!” Today, we chat about battle lessons that investors are learning today and the solutions that are available. Legacy...
EPS 291 - Top Apartment Brokers in North Texas describe the “B & C” market. Is it time to take advantage of opportunities in this market?
September 14, 2023 06:56 - 45 minutes - 42.1 MBNick Fluellen heads up a 23-person team of brokers with Marcus & Millichap in Dallas. He gives us a 20-year perspective on today’s “choppy” market of apartment sales and investing. Wes Racht, is a valued member of Nick’s team, and sells large 1980’s-and 1990’s built apartments in North Texas. Nick and Wes share up to the minute information on how buyers and sellers are approaching this market. Nick reminds us that apartment buyers…for the last few years…have been asking for a market adjustme...
EPS 290 - Property Taxes in Texas: Will they EVER COME down?? Perhaps some light at the end of the tunnel is coming.
August 03, 2023 02:44 - 31 minutes - 28.6 MBProperty taxes, on commercial real estate, is usually the largest line item operating expense on your profit and loss statement. Your Net Operating Income (NOI) is dramatically effected by how much your property taxes go up. (They never seem to go down) In Texas…property taxes have been skyrocketing and causing hardship to profitability. Most commercial real estate investors hire an advocate to fight the taxing authorities for a lower annual tax bill. Mark Cantrell with Cantrell McCulloch is...
ASK MIKE MONDAYS: “Michael, can you break open the SPI playbook; what does it take to buy a property today?”
July 31, 2023 10:46 - 30 minutes - 27.7 MBMichael gives you insight on what his team focuses on when buying apartments in today’s wacky market. Michael is not soliciting for capital; but just gives an example on what type of pricing discount some buyers are able to achieve. Certain sellers are chasing a higher price on some unproven buying groups. If you are a seller, do you want to always go with the highest price…or Are you counting on certainty to close? Most realistic sellers, in today’s market, need certainty to close. Are yo...
EPS 289 - Do we have too many PILOTS and not enough PASSENGERS?
July 21, 2023 05:48 - 45 minutes - 41.5 MBAre there too many general partner syndicators and not enough investors? Within the last 10 years…we have observed a lot of apartment transactions closed with the syndication investment model. As you know, a syndication model is like flying in an airplane. Pilot and passengers both perform critical roles to make a flight successful. The pilots are in the front of the airplane- they are the general partners- they are putting the deals together and making the operational decisions. The passeng...
EPS 288 - “YOU CAN’T HANDLE THE TRUTH” Colonel Jessup- A Few Good Men
June 29, 2023 11:45 - 40 minutes - 36.8 MBJESSUP: You want answers? KAFFEE: I want the truth! JESSUP: You can't handle the truth! Well maybe…YOU can handle the truth. “It’s challenging to be an apartment investor these days.” That’s the truth. Not a lot of inventory is available, it is difficult to raise common equity, operating expenses are much higher and mortgage interest rates are up 500% from January 2022. Wow! Yet… some transactions are still being done. In today’s podcast we chat about what we are seeing in apartment inv...
ASK MIKE MONDAYS: “Michael, would you start BUYING APARTMENTS at these LOWER PRICES?”
June 15, 2023 04:33 - 25 minutes - 23.1 MBWithin the last 18 months apartment prices have come down significantly. In some markets- up to a 20% reduction of value. Yikes!! Has the knife fallen enough? Is it time to start buying apartments, again? What types of apartments should you be looking at- Class A, B, or C? What type of financing would you do? Michael shares his walking path with you in apartment investing. Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn ...
EPS 287 - Are the INSTITUTIONAL apartment buyers coming back this year?
May 21, 2023 03:33 - 45 minutes - 41.6 MBJoey Tumminello with Marcus & Millichap’s Institutional Property Advisors Group shares his insight on what the “smart buyers” (REIT’s, pension funds, life insurance and large family offices) are buying or NOT buying. Institutional-grade real estate is Class A or Class A+ property that generally has minimal risk of deteriorating or becoming obsolete during the investment holding period because the properties are brand new, have state-of-the-art systems, and the best amenities. These type of b...
EPS 286 - Before you invest your hard earned $$ into real estate- Shouldn’t you find a qualified apartment educator or mentor?
May 16, 2023 11:34 - 37 minutes - 34.6 MBToday, apartment investing is completely different from what it was just 18 months ago. Interest rates are much higher, leverage is much lower, cap rates are higher, and values have fallen. Yes, it is challenging to be a real estate investor. Veteran Apartment Mentor- Brad Sumrok discusses what he is advising clients today. To contact Brad Sumrok: www.bradsumrok.com May 2023 Old Capital Virtual Speak Series: Capital Calls RSVP: OldCapitalLending.com Are you interested in learning more ab...
EPS 285 - Are you on the wrong side of wealth creation? Shouldn’t you be an owner of real estate?
May 05, 2023 13:05 - 38 minutes - 35.5 MBFor 30 years Robert Tinning managed apartments for rich real estate owners. He was great at managing other people’s properties BUT... he always dreamed about buying his own portfolio of apartment buildings. Robert had the experience but didn’t have the money. He found the money to buy through apartment syndication. He then quit his W2 job and jumped into apartment ownership a few years ago. Robert bought 6 large apartment buildings. Wow! He manages his own portfolio of apartments. Robert sha...
EPS 284 - Top Producers from the Newmark- Dallas office explain the State of the Apartment Market in North Texas and what they are seeing from both buyers and sellers.
April 21, 2023 11:19 - 34 minutes - 32 MBIn the Dallas/ Fort Worth market, Apartment sales volume is down 75-80% from just 12 months ago. In smaller markets, volume is probably down 80%+. Yes…interest rates are up, but if you are going to buy commercial real estate, most investors prefer multifamily. Why? 1) Fannie and Freddie are your backstop with financing and can offer longer fixed rate terms 2) rents can reset to the market every 12 months 3) you can change market value by increasing your NOI 4) personal tax advantages. If yo...
Eps 283 - One operator had $229,000,000 in apartments FORECLOSED upon this week. What? How did that happen? I thought commercial real estate only went up.
April 08, 2023 05:53 - 36 minutes - 33.6 MBInside stories from the front line. You invested in a real estate transaction because of the tax implications and now the property gets foreclosed upon…What exposure do you have with the depreciation recapture? It could be huge. Yikes! Also… Learn what you should be doing to protect yourself if you have a high leverage adjustable-rate bridge loan. Be prepared to make a move… because “hope is not a strategy.” Make sure your lender is advising you on what options you have today…. should you - ...
EPS 282 - WHEN WILL INTEREST RATES STOP GOING UP? If you are an apartment investor, JP CONKLIN with Pensford, gives you that critical information!
March 26, 2023 02:34 - 56 minutes - 51.3 MBToday, in the podcast we feature JP CONKLIN with Pensford. JP walked through the future direction of interest rates after the .25-basis point hike last week. When will it end? We recorded his discussion with over 300 apartment investors at the Old Capital Speaker Series in Dallas on March 22. Again, the Speaker Series is an educational & networking event. We bring in top speakers in the apartment industry. JP is an expert in the direction of current and future interest rates and what effect ...
EPS 281 - Brazilian Immigrant… purchased over 2100 apartment units. How did he do it?
March 22, 2023 06:58 - 45 minutes - 42 MBBrazilian Immigrant… purchased over 2100 apartment units. How did he do it? Dante Andrade came to Texas with a huge talent- he is an expert piano player. He sharpened his skills at the internationally famous University of North Texas Jazz Band. He graduated and played in small clubs, big churches, and then taught students how to play. He loved playing music but also had the desire to get wealthy. He knew that playing the piano 24 hours a day…for 7 days a week… wouldn’t get him there. He had...
EPS 280 - Is Austin still HOT? Matt Pohl with Walker & Dunlop chats about the Austin, Texas apartment market.
March 10, 2023 05:47 - 32 minutes - 29.7 MBInternational investors want to invest in the US. US investors want to invest in Texas. Texas investors want to invest in Austin. Today, Matt Pohl with Walker & Dunlop gives you the apartment update from the Capitol of Texas, Austin. Austin ranks second on the list of fastest-growing economies in the US. With a 2020 population of 2,283,371- the Austin MSA is no longer a sleepy little college town. Should you consider Austin for your investable dollars? To contact Matt Pohl: MPohl@walkerdunl...
EPS 279 - Checkmate! These ‘Knights’ are making outstanding moves in multifamily investing.
March 01, 2023 12:57 - 44 minutes - 40.9 MBToday, Keith and Shannon Knight own and operate multifamily properties in North Texas. Prior to getting into apartment investing they purchased and operated a few single family vacation rentals in Orlando. It was a very profitable business but lacked the scalability. Luckily they found an education and mentoring group and became hooked on investing in apartments. They started in 2019 with the acquisition of a stabilized two property portfolio- of 40 units. In 2020, they purchased a 60 unit, ...
EPS 278 - February Speaker Series Greg Willett Apartment Economist
February 21, 2023 15:33 - 49 minutes - 44.9 MBDid 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 re...
ASK MIKE MONDAYS: “Michael, oh wise one…How are we going to get through higher rates on these apartment transactions and survive?
February 18, 2023 11:11 - 31 minutes - 29.1 MBHigher 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 bus...
EPS 277 - Have a BRIDGE loan and NEED TO GET OUT? Can a HUD loan protect YOUR partnership?
February 15, 2023 14:07 - 42 minutes - 38.5 MBMention 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 improve...
EPS 276 - Rule #1: Protect your Limited Partners First
February 11, 2023 01:50 - 36 minutes - 33.2 MBIf 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 ...
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.
February 04, 2023 07:24 - 36 minutes - 33.5 MBOver 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 a...
EPS 274 - Meet Mark Allen and Todd Franks with GREA- Dallas. INSIDE SECRETS with top apartment brokers in Texas
January 20, 2023 19:16 - 41 minutes - 38.2 MBMark 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...
EPS 273 - Goodbye 2022; What can you expect in apartment investing in 2023?
January 17, 2023 06:28 - 45 minutes - 41.8 MB“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 ...
EPS 272 - END OF YEAR- LOAN OFFICER ROUNDTABLE: What’s happening out there? What’s getting approved?
December 08, 2022 11:18 - 34 minutes - 23.6 MBListen to the commercial loan officers at Old Capital examine how the apartment market changed dramatically in 2022. In January, every apartment buyer was ecstatic. Higher leverage debt was readily available, apartment inventory was strong, prices were even higher than 2021 and every LP investor still needed to invest in apartments. In December…NOT SO MUCH. The market did a 180-degree change within 12 months…Boom! Where does that leave us? How are transactions getting done today and what typ...
EPS 271 - Don’t get on the BAD BOY/GIRL list with FANNIE MAE?
December 02, 2022 13:26 - 45 minutes - 31.5 MBSanta Claus has his famous “naughty list” for bad boys and girls. No toys this year…just coal. Today, Fannie Mae - thru their DUS lenders- have a similar ‘list’ that tracks the bad and good multifamily operators. If you are on this list; called the “A Check” you may have difficulties in getting another loan from Fannie Mae. Why is this important today? Because many apartment operators recently (in the last 24 months) have originated high leveraged, non-recourse bridge loans that were suppose...
EPS 270 - With INTEREST RATES RISING even HIGHER… Are buyers RETRADING sales contracts, again?
October 01, 2022 01:16 - 32 minutes - 30 MBRETRADE 2.0 could be happening now with rising interest rates. Interest rates have risen significantly over the last 6 months. Can you remember what short term rates were in October 2021? SOFR was .05% in October....today its 2.98%. Long term rates, like the 10-year treasury, in October 2021 was 1.47% and now its almost at 4%. Do you think property values have changed? Apartment values that initially changed in May-June 2022; are changing again. Buyers that are under contract today…are consi...
Ask Mike Mondays: “Mike, What is the temperature today to raise money from LP investors?”
September 21, 2022 15:21 - 19 minutes - 17.9 MBMike gives us an update on what to expect when you are raising capital to fund a transaction. First- it was higher interest rates, Second- it was the seller and the buyer not knowing the current value of property because cap rates have expanded, And Now, its raising equity to fund a deal. Are there LP’s wanting to invest? Michael chats about how a typical capital raise is going today. Listen to the guy that has acquired over 14,000 apartment units. Are you interested in learning more about...
EPS 269 - Nick Fluellen: What does the TOP TEXAS B&C apartment broker think these days?
September 16, 2022 00:47 - 38 minutes - 35.1 MBIt’s good to be the KING in Texas Apartment Brokerage. Nick recently earned the title Executive Managing Director for Marcus and Millichap. Nick and his business partner, Bard Hoover, are consistently the top producers for the company. Nick shares his thoughts on what he sees in the apartment market with a “significant reset” on the capital markets, interest rates, inflation, valuation, sellers’ expectations on value, the challenges today of selling 40–50-year-old apartments, and then having...
EPS 268 - Pratima & Bhuvan Sharma: Transitioning from a HI-TECHNOLOGY job to a HI-NET WORTH PERSONAL balance sheet
September 13, 2022 09:44 - 41 minutes - 38.1 MBBhuvan and Pratima Sharma spent 25 years in the high technology industry. They loved their jobs…but spending 70-80 hours a week, traveling internationally, and not spending time with their children…they needed to find a better solution. They found it with apartment investing. Bhuvan and Pratima just closed on a very large, brand new- CLASS A property in McKinney, Texas; BUT they did not start there. They started with a small CLASS C- old property a decade ago. Over the last few years they ac...
EPS 267 - Brad Sumrok: Helping investors ‘TEN-X’ their net worth through apartment investing.
August 24, 2022 12:10 - 36 minutes - 33.3 MBRetired after just 3 years investing in apartments, Brad has owned over 7,500 units in 11 different markets throughout the county AND has helped hundreds of students increase their worth by Millions following his proven step-by-step process. Learn from the guy that did it. Brad didn’t start off with a silver spoon in his mouth; born of working-class parents in Pittsburgh, he bought his first apartment investment over 20 years ago and has been teaching apartment investing for 15. His passion ...
EPS 267 - Brad Sumrok: Helping investors ‘TEN-X’ their net worth through apartment investing.
August 24, 2022 12:09Retired after just 3 years investing in apartments, Brad has owned over 7,500 units in 11 different markets throughout the county AND has helped hundreds of students increase their worth by Millions following his proven step-by-step process. Learn from the guy that did it. Brad didn’t start off with a silver spoon in his mouth; born of working-class parents in Pittsburgh, he bought his first apartment investment over 20 years ago and has been teaching apartment investing for 15. His passion ...
EPS 266 - Danny Baker: The $30 Billion Dollar Man. CBRE Vice Chairman and leader of the Dallas Multifamily team gives you the insight on what’s happening TODAY in apartment sales and investing.
August 07, 2022 11:52 - 43 minutes - 39.9 MBDanny Baker is one fired up guy! If he was selling cars…he would be the best car salesman. If he was an economics professor…he would be your favorite teacher. Danny educates you on what he is observing in apartment investing in Texas. Since 2012, Danny and his team have closed over $30 billion in multifamily investment sales for CBRE. He works with syndicators, institutional buyers, and family offices. Listen to what he is passionate about. You could probably guess….apartments! Are you inte...
EPS 265 - JP CONKLIN: When are interest rates coming down?
August 05, 2022 11:14 - 36 minutes - 33.3 MBIf you are an apartment investor…you need to know what all your costs are going to be in the future. How much for insurance? How much for property taxes next year? How much is my debt service going to be for next year? Am I going to have a NET OPERATING INCOME or a NET OPERATING LOSS? JP Conklin gives us an idea on where interest rates are headed. Typically, your mortgage is the largest line-item expense on your operating statement… It would be good to know if you have an adjustable rate or ...
ASK MIKE MONDAYS: “Mike, what POSITIVE things are you seeing today in APARTMENTLAND?”
August 02, 2022 08:38 - 35 minutes - 32.4 MBAs you can imagine, with interest rates rising, many apartment investors have been pencils down. Investors are concerned with lower asset value & higher debt service. Is there any good news out there? What are some of the positive ideas that are occurring in apartment investing? Mike is starting to see some positive “green shoots.” Mike discusses some of those encouraging thoughts on what he is seeing in apartment investing. Listen to the guy that has acquired over 14,000 apartment units. ...