• EPS 314 - "What to Do When Your Lender Delays Closing: Can You Still Recover?"
    Nov 23 2024

    Jeremy Thomason and Stephen Quisenberry have acquired several apartment buildings in Texas and Georgia. In their discussion, they share their strategies for purchasing properties, emphasizing smaller deals in less competitive markets. They also detailed the challenges encountered during the acquisition of a 64-unit property, particularly with Freddie Mac, the lender, and the hurdles they overcame to successfully close the deal. Additionally, Jeremy and Stephen highlighted the significance of education, networking, and cultivating strong partnerships in the multifamily industry.
    To contact Stephen Quesinberry: stephen@convolocapital.com
    To contact Jeremy Thomason: jeremy@convolocapital.com

    Are you interested in learning more about how Multifamily Syndications work? Please visit SPIADVISORY.COM to understand more about Michael Becker’s Real Estate Syndication business.

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    57 mins
  • EPS 313 - “Maximize Your Returns: Why Investing in a 12- Unit Apartment Building Can Boost Your Real Estate Portfolio!”
    Nov 14 2024

    Before Matt and Melissa Mettry purchased a 12-unit apartment building in Dallas, they had already gained valuable experience as passive investors in several multifamily syndications. Through these investments, they learned just how crucial the role of the general partner (GP) is to the success of a project. To them, the general partner was like the captain of an airplane—responsible for navigating the journey, making key decisions, and leading a team of limited partners (LPs) to success.
    Inspired by their experience, Matt and Melissa decided it was time to move from the "passenger" seat to the "cockpit." They wanted to take an active role in real estate, but they also understood the importance of starting small. Their goal was to first learn the ins and outs of managing a smaller multifamily property before scaling up to larger, more complex deals. They were determined to take it one step at a time, mastering the fundamentals before making bigger moves.

    Are you interested in learning more about how Multifamily Syndications work? Please visit SPIADVISORY.COM to understand more about Michael Becker’s Real Estate Syndication business.

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    37 mins
  • ASK MIKE MONDAYS: “What do you mean a GENERATIONAL BUYING OPPORTUNITY?”
    Nov 5 2024

    You may have heard this phrase before…from an apartment sponsor…” This is a generational buying opportunity!” Really? Not all properties are great investments, but have the syndicator explain in detail…WHY they think this is a GREAT opportunity for you to invest in. Listen to their reasoning and read their business plan. See if it makes sense…BEFORE you invest your hard-earned money.

    Are you interested in learning more about how Multifamily Syndications work? Please visit SPIADVISORY.COM to understand more about Michael Becker’s Real Estate Syndication business. If you enjoyed this discussion; Please leave us a 5-STAR RATING on iTunes.

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    19 mins
  • EPS 312 - Meet the “SUPERHEROS” of COMMERCIAL REAL ESTATE LENDING: RECA.
    Oct 29 2024

    It’s a loan officer roundtable with the top producing commercial real estate bankers with RECA. The Real Estate Capital Alliance (RECA) was formed by a group of boutique real estate capital advisory firms with offices in major metropolitan markets and clients across the U.S. Collectively, the group consisting of 18 member firms and more than 85 originators have collectively sourced over $40 billion in debt and equity since the Alliance was formed. Do you want to know how to finance your industrial building? Call a RECA loan officer. How about getting a second opinion on how to structure a multifamily transaction? Call a RECA loan officer. They have provide good advice.
    To contact a RECA member: reca.us
    To contact Scott Duntley: scott@balboafinancial.com
    To contact Scott Lynn: scott@cacherc.com
    To contact: Andrew Kaeyer: akaeyer@hunnemanre.com

    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. If you enjoyed this discussion; Please leave us a 5-STAR RATING on iTunes.

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    46 mins
  • EPS 311 - The ZERO to ONE Challenge. Buying your first large apartment building. Can YOU do this?
    Oct 17 2024

    Anita Wong, and her husband William Liu just bought their first, large apartment building in Texas. Their journey began 24 months ago when they decided to scale up. They had owned a few single-family, short-term rental properties scattered in different places, but now they wanted to buy a larger apartment building that could employ an onsite manager & a maintenance person. They needed help. What would you do? Listen to Anita & Will explain their journey in buying a 76-unit apartment building. They faced challenges as a new apartment investor & syndicator. Example Obstacles: 1): Building creditability and reputation, 2) Finding the right deals & building relationships with the right people, 3) Having the right support infrastructure in place when you find a deal…that works. Anita & Will give you insider points on how they did it.
    To contact Anita Wong: Anita@GiveRiseCapital.com
    To contact with Ashley Cao: ACAO@OldCapitalLending.com

    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. If you enjoyed this discussion; Please leave us a 5-STAR RATING on iTunes

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    47 mins
  • EPS 310 - YOU HAVE TO LISTEN TO JACK COHEN. Period.
    Oct 2 2024

    Jack Cohen is a legend in commercial real estate. He is the DARK KNIGHT in commercial real estate. He was the former CEO of Cohen Financial for 25 years. Cohen Financial was one of the largest commercial real estate lenders in the nation. Jack chats about his 40+ year history in commercial real estate investing and lending. He brings interesting questions to the table:
    “When investors look at their investment processes, as well as the investments that they made during 2019-2024, what have they learned? What worked? What would they have done differently?
    ALL of us backed projects and sponsors during this period that ultimately played out very differently than we thought. Some played out better, some played out worse, than we thought. What can we learn from this?
    Can we finally agree that cash flow matters? That our space – Commercial – is defined by income producing real estate. That means we actually must underwrite tenants’ capacity to pay rent as well as a sponsor’s ability to manage expenses properly.
    SOFR has gone up and today the marketplace is mostly financed with short term floating rate loans. Did we not learn this lesson in the 1990’s with the failure of Long-Term Capital Management? The punchline is to match duration of assets with liabilities. Borrowing short on a long-term asset has its risks.”
    WOW!!
    To contact Jack Cohen: darkknightventures.net

    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. If you enjoyed this discussion; Please leave us a 5-STAR RATING on iTunes

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    37 mins
  • EPS 309 - Top Apartment Owner/Sponsor Mike Ochstein: 40 years of knowledge explained.
    Sep 30 2024

    Mike Ochstein has been buying/owning/managing apartments for 40 years. He has purchased thousands of units and currently owns 5500 units. Ochstein gives a great perspective on how you should invest; not for the short term…but the long term. He owns in Dallas, Austin and Houston. He has never had an investor lose money. Ochstein “retired” a few years ago from buying apartments…because cap rates were too low. Today, Ochstein is back and ready to buy. Listen to what an experience investor believes and what you should know.
    To contact Michael Ochstein: PriceRealtyCorp.com

    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. If you enjoyed this discussion; Please leave us a 5-STAR RATING on iTunes

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    36 mins
  • EPS 308 - Where do you make money at these days? War Fighter and Top Apartment Broker; Mark Allen chats about the North Texas market.
    Sep 25 2024

    Mark Allen- Executive Managing Director of GREA- has sold over 150 apartment buildings in North Texas. YOU want to know Mark...IF YOU WANT TO BUY APARTMENTS. Mark discusses the number of transactions that have closed in North Texas. It also chats about the limited inventory that’s available today for apartment buyers…and where he sees the investing opportunity for tomorrow. A graduate of the United States Military Academy at West Point, where he also played football, Mark served as a Field Artillery Officer in the US Army, leading soldiers in Operation Enduring Freedom in Afghanistan.
    To get in contact with Mark Allen: mark.allen@grea.com

    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. If you enjoyed this discussion; Please leave us a 5-STAR RATING on iTunes.

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    32 mins