Old Capital Real Estate Investing Podcast With Michael Becker & Paul Peebles

Scott Lamontagne and Zar Haro are with JLL in Austin/ San Antonio and sell a bunch of apartments in Central Texas. Scott is the managing director for the 11 person team based in Austin. Austin has been one of the hottest growth markets in the country. With a 20-34 year old population approaching 500,000, nearly a quarter of Austin’s population consists of Millennials, which is tops among the largest U.S. markets. Business costs are cheaper than Silicon Valley, so Austin has been the recipient of many HQ relocating to Central Texas. (It doesn’t hurt that Chip and Joanne Gaines, from the show Fixer Upper, have convinced many families to relocate to Waco in Central Texas) Scott & Zar discuss what apartment investors should understand about buying properties in Central Texas. To contact Scott Lamontagne: Scott.lamontagne@am.jll.com To contact Zar Haro: Zar.Haro@am.jll.com To contact Dave Walls: DWalls@oldcapitallending.com To receive our FREE 15 page WHITE PAPER REPORT on the 2017 FUNDAMENTALS OF MULTIFAMIL

Michael Becker hosted the TOP LISTING BROKERS panel at the Old Capital Multifamily Conference in Dallas. These 5 agents and their respective companies do almost 70% of the total sales in Dallas-Fort Worth. Wow! We have them all together. You will get an inside perspective on how apartment transactions are done in north Texas. Listen to questions and answers from the audience.

Tom Wilkinson is the ‘dean’ of apartment sales in Houston, Texas. He has been in apartment brokerage for over 25 years. He sells over 10% of all the B & C apartments in Houston; with most being OFF MARKET. Tom discusses what impact that Hurricane Harvey has caused on apartment owners. How will this natural disaster effect current and future investors? How much higher will insurance premiums rise? What much higher will labor costs go up? Will you be able to get buildings materials? What’s the timing to bring these down apartments back online? Will there be opportunities for investors in the near future? Listen to what Tom discusses. Great article on impact of Hurricane on Houston apartments: https://www.realpage.com/mpf-research/many-as-43000-apartments-appear-off-line-metro-houston/ Contact Tom Wilkinson: twilk4@ketent.com www.ketent.com Contact Hans Box: HBox@oldcapitallending.com To receive our FREE 15 page WHITE PAPER REPORT on the 2017 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more ab

Michael Becker hosted the TOP LISTING BROKERS panel at the Old Capital Multifamily Conference in Dallas. These 5 agents and their respective companies do almost 70% of the total sales in Dallas-Fort Worth. Wow! You will get an inside perspective on how apartment transactions are done in north Texas.

Gene Trowbridge is an attorney that specializes in helping clients raise investor money through syndication. If you are really rich, you can buy apartments all by yourself. But, for most of us, we must pool our money together called a syndication. The government has specific rules that syndicators must follow. The sponsor or syndicator is the person (or group of people) who sets up the investment structure, brings together the pool of investors, oversees and manages the investment, and ultimately through their efforts generates a profit for the investors. Gene describes some of the gotchas that syndicators must know before they start to raise investors money. You will want to take notes in this high content podcast. To contact Gene Trowbridge: crowdfundinglawyers.net To contact James Eng: JEng@oldcapitallending.com To receive our FREE 15 page WHITE PAPER REPORT on the 2017 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCa

Michael explains some of the obstacles that may trip you up when applying for a commercial real estate loan. You have too much at risk- financial & reputation risk, not to understand some of the hurdles you may encounter.

Growing up in Australia, his parents instilled the value of owning real estate. About two years, he made the decision to get out of the RAT RACE and began to acquire apartments. He currently lives in central Texas. He and his partners own apartment buildings in California, Arizona and Texas. Selvam purchased a FRACTURED CONDO in Arizona and explains the challenges on owning and financing a condo that you do not own 100% of all the units. Afterwards, Selvam shares his experience on purchasing a large apartment building in San Marcos, Texas. San Marcos has tremendous growth and its 30 minutes south of Austin. Selvam explains on how he found and the closed on the transaction. To contact Selvam Sabapathy: selvams@avichiholdings.com To contact Hans Box: hbox@oldcapitallending.com To receive our FREE 15 page WHITE PAPER REPORT on the 2017 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in le

In today’s highly competitive apartment sales market, you must be a good negotiator to get what you want. Michael explains some sticking points that he has come across in the past.

John Bollinger wants to own an empire of apartment units….by 2022…he wants 10,000 units. He started several years ago buying a duplex. He lived on one-side and rented the other side. He got a little taste of being a landlord. He liked having a small “cash register” or a tenant helping him achieve financial independence. Over the next few years, he bought several duplexes and four-plexes and then put together his own repair crew to rehab his properties. He then bought a 25 unit apartment building in the small town of Dilley, Texas. It was the only apartment building in the small town of Dilley. He liked the real estate investing business and wanted to make a career out of it. He reduced his hours at work and increased his hours into “his multifamily business.” Today, John owns 174 units. His current portfolio is two assets -110 units in Victoria and 64 units in Kingsville, Texas. He manages his own properties. Listen on how he acquired these assets and what he wants to pursue in the future. To contact John Bo

Mike discusses some of the weaknesses and the strengths of the different property types (A, B, & C) in multifamily.

Anna Simpson is determined to build a portfolio of apartments for her and her family. This gal is a dynamo! Originally from Russia, she has been in the Texas for the last 13 years. She got the real estate investment bug from her father. She had a vision on what she wanted to do (own large multifamily assets) and NOW she is executing on that vision. She is COMMITTED to making it a success. Over the last few years she has been ‘in training’ to buy an apartment building. She educated herself with SPECIFIC EDUCATION on apartment investing from an apartment mentoring & education group. She made a few passive investments in other managing member’s apartment transactions…and now she was ready to buy her own deal. She was ready to lead. Anna tells the story about how she found her 70 unit apartment building in Arlington, Texas that came with some challenges and some opportunities. To contact Anna Simpson: Anna_D_Simpson@Yahoo.com or www.SimpsonMultifamily.com To receive our FREE 15 page WHITE PAPER REPORT on th

Mike initially focuses on high level national apartment market data and then general economy status and then shifts to local and regional apartment market information. He breaks his data sources into two different categories. Pay: CoStar.com, yardimatrix.com, alndata.com/market-reviews/, axiometrics.com, realpage.com/yieldstar/mpf-apartment-market-updates-trends-webcasts/ Free: bisnow.com, multifamilyexecutive.com/business-finance/business-trends/ nreionline.com, connect.media, francemediainc.com

Ken & Wind Yue own hundreds of apartment units. They could not have purchased so many units without the help of happy equity partners. How do you make your equity partners happy? You have to be transparent. How you treat your partner AFTER you have taken their money is critical for your future success. Ken & Wind do an excellent job in treating their ‘investing partners’ with respect. Problem partnerships can be challenged by poor communication from the managing member to their limited partners. Ken & Wind explain how they keep current and future equity partners engaged and happy with their apartment investments. To contact Ken or Wind Yue: YueProperty@gmail.com To contact James Eng: JEng@oldcapitallending.com WeChat is found at www.wechat.com/en/ To receive our FREE 15 page WHITE PAPER REPORT on the 2017 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more abo

Mike gives his insight on what’s going on in multifamily in DFW. He also discusses the impact of higher labor costs for apartment rehabs due to Hurricane Harvey in south Texas.

Mit Scott and Greg Ford are business partners in the ownership of a large apartment building in Irving, Texas. They originally started with purchasing single family homes, then became passive investors in other people’s transactions and now own a large apartment building- while still maintaining their full time jobs. Ricardo asked Mit: What appealed to you most about multifamily in comparison to single family? Mit thought that you could create ‘greater value’ in a multifamily acquisition than in a single family purchase. Your house is going to be worth relatively the same as your neighbor’s home regardless of the finish out or appliances. Your home value will be based on other closed sales of similar homes in the submarket. In the multifamily arena, the value of that business is based on how much income you can generate. The higher the Net Operating Income (NOI) the greater the value you will create on your apartment investment. Mit gives an example on how they created additional value by giving tenants the o

You WILL HAVE A PROBLEM with your loan…if the seller does not keep their eye on management operations and rental collections between the signing of the sales contract and the closing date. Lenders can possibly cut back loan proceeds if income declines or expenses rise.

Many apartment buyers are seeking to purchase a DEEP VALUE-ADDED property in a good neighborhood. These types of properties can be tough to find. Brian Holley bought a 160 unit apartment complex a few months ago. It needed lots of rehab to create a better product. He and his team will spend over $20,000 a unit in interior and exterior updating and repairs. Even though the occupancy was in the mid-90% range when acquired; Brian and his team, knew they needed to bring the property to the next level to capture better tenants to pay much higher rents. Listen to Brian discuss the challenges and opportunities he found with buying a deep value-added property. To contact: Brian Holley BrianPHolley@gmail.com To contact: Jonathan Ferrell JFerrell@OldCapitalLending.com To receive our FREE 15 page WHITE PAPER REPORT on the 2017 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about

After finding the right property; selecting the right property management company is the MOST important decision that an ownership group must determine.

The father and son investing team of Jody Ambrose & J.D. Ambrose just purchased a large multifamily property in Texas. After looking for a building for almost 5 years, Jody & J.D. found the right property. Pineview Apartments has 152 units. They originally invested passively into someone else’s transaction, then they figured out pretty quickly that they wanted to lead an acquisition team and purchase a large apartment building. They had specific investment criteria that they needed to be met before they would move forward with a purchase. Over the next few years, the Ambrose’s searched for the right property. They looked at over 50 large apartment properties for sale and offered on several. In the podcast, Jody and J.D. explain their journey on finding the right property. To contact Jody Ambrose: jodyambrose@winsteadenterprises.com To contact J.D. Ambrose: jd@winsteadholdings.com To receive our FREE 15 page WHITE PAPER REPORT on the 2017 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more ab

It is a REQUIREMENT to do a thorough analysis of the neighbourhood crime stats and school ratings when you are thinking about investing in an apartment building.