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

The 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

EPS 337 - Have you ever heard the saying, “It’s not what you make — it’s what you keep?” 11/11/2025

EPS 336 - "How a Silicon Valley Exec Built a Thriving Multifamily Real Estate Empire – Learn His Secrets to Success!" 10/26/2025

EPS 335 - "Central Texas Real Estate Unveiled: Market Shifts, Investment Strategies, and Future Opportunities with Matt Michelson from Newmark in Austin” 10/18/2025

EPS 334 - "Inside the 9th Annual Old Capital Conference: Market Insights, Networking, and Lessons from NBA Legend Jason Kidd" 10/15/2025

ASK MIKE MONDAYS: “Is Michael Becker, the Jerry Jones of Real Estate? Creating value.” 08/29/2025

EPS 333 - Breaking Barriers – Boss Women of Multifamily: Deals, Grit, and Sisterhood 08/16/2025

EPS 322 - The Hidden Hands: Conflicts of Interest in Commercial Real Estate Deals 08/07/2025

EPS 322 - The Hidden Hands: Conflicts of Interest in Commercial Real Estate Deals n this eye-opening episode, we dive deep into a rarely discussed yet critical issue in commercial real estate: conflicts of interest when investment sales brokers push buyers toward in-house mortgage brokers. What may seem like a convenient “one-stop shop” can, in reality, disadvantage the buyer — sometimes significantly. Using a poker analogy, we paint a vivid picture: what if the seller and broker knew your hand? That’s essentially what happens when the sales and financing sides are too cozy — split loyalties, hidden fees, and lost leverage for buyers. This episode is a masterclass in buyer awareness. Paul Peebles doesn’t just point out the problems—he offers real-world strategies to protect yourself. His comparison to poker isn’t just clever, it’s chillingly accurate. In commercial real estate, where millions are at stake, understanding who’s really on your team can make or break a deal. Conflicts of Interest Are Real Many investment sales brokers recommend their own firm’s mortgage team. This can result in referral fees and biased advice that puts the buyer at a disadvantage. Ask the Hard Questions Transparency is key. Buyers should directly ask brokers: • “Are you getting paid to refer me?” • “Do you have any financial stake in this lender relationship?” Use an Independent Team Securing the best deal often requires working with independent mortgage brokers, attorneys, and advisors who have your interests—not the seller’s—at heart. Think Long Term Your relationship with your lender doesn’t end at closing. Choose partners who will support you throughout the life of the loan—not just get the deal done. Know the Law (and the Loopholes) While these referral practices are illegal in residential real estate under RESPA, there’s no such restriction in commercial deals. That makes buyer vigilance even more important. One standout message: Don’t be afraid to stand your ground. Most brokers will respect your decision to bring your own financing team—if they don’t, that’s a red flag in itself. Are you ready to unlock the potential of Multifamily Syndications? Discover how Michael Becker’s proven real estate syndication business can open doors to financial growth and your long-term success. Visit today and start your journey toward smarter investing! /episode/index/show/oldcapitallending/id/37714315

EPS 331 - "10 Crappy Things Apartment Sales Reps Do to Their Clients" 08/05/2025

EPS 330 - From Oversupply to Opportunity: DFW’s Apartment Market Strikes Back! The Institutional Outlook with Michael Ware. 06/30/2025

EPS 329 - From Law to 20,000 Units: John Griggs on Building Presidium and Seizing Multifamily Opportunities. 06/23/2025

EPS 328 - "Inside the Multifamily Market: Navigating Distressed Assets, Smarter Underwriting & Investor Strategies with Paul Peebles and James Eng" 05/15/2025

EPS 327 - "The Immigrant Hustle: How This Couple Turned Setbacks into a Multifamily Fortune.” 05/13/2025

EPS 326 - "From Pittsburgh to Texas: Ryan Heddleston’s Strategic Growth in Multifamily Real Estate and His Battle Against Rising Property Taxes" 04/15/2025

EPS 325 - "Jeff Adler with YARDI MATRIX, is a very smart - BIG PICTURE- apartment guy. You need to listen to him!" 04/14/2025

EPS 324 - "Greg Willett, Chief Economist at Leaselock, Discusses Texas Apartment Market Outlook: Economic Concerns, Regional Trends, and Investment Insights" 03/29/2025

EPS 323 - "From Anesthesiologist to Real Estate Mogul: Dr. Paul Pena's Journey to Financial Independence and Multifamily Success" 03/28/2025

EPS 322 - "Unlocking North Texas Investment Potential: Inside Rowan Multifamily Advisors and the Future of B & C Multifamily Sales" 03/16/2025

EPS 321 - What questions would YOU ask an operator of 30,000 units? 03/12/2025

ASK MIKE MONDAYS: "Michael, Given the Impact of Stricter Immigration Policies, How Are Landlords in Class B & C Apartments Responding to Occupancy Challenges in Workforce Housing?" 03/08/2025

EPS 320 - "Maximizing Value: Chris Pearson, Top Investment Sales Broker at Marcus & Millichap- Dallas, Shares Insights on Small Apartment Deals Under 75 Units” 03/05/2025

EPS 320 - "Maximizing Value: Chris Pearson, Top Investment Sales Broker at Marcus & Millichap- Dallas, Shares Insights on Small Apartment Deals Under 75 Units” Whether you’re a seasoned investor or just dipping your toes into the world of small apartment buildings, Chris Pearson and Nick Fluellen are here to give you the inside scoop on the latest trends, market shifts, and all things commercial real estate. Key Points: Upcoming Events: Old Capital's bus tour at the end of March. Virtual Speaker series with Jeff Adler of YardiMatrix in April. Conference in Dallas on October 8th and 9th. Save the Date! Old Capital Connection: New App for your phone! A community for accredited investors focused on multifamily investments. Provides exclusive updates, market insights, and new deal alerts. Market Sentiment: Positive sentiment at the National Multifamily Housing Council (NMHC) conference. Increased inventory and more deals hitting the market. Volatility in the treasury rates affecting the market. Broker Opinion of Value (BOV): High activity in BOVs indicating sellers' interest in knowing current asset values. 71 BOVs done in the last 30 days, suggesting increased market activity. Market Segments: Nick Fluellen's team at Marcus Millichap covers larger deals in DFW, 75 units and under, and secondary markets. Chris Pearson focuses on the 75 units and under segment, which he is seeing significant positive momentum. “These days, it’s a lot easier to equity raise $3 million than $10 million.” Current Market Trends: Increased activity in smaller deals (75 units and under). First-time buyers and out-of-state buyers are more active. Deals are still being made with hard money, though the amounts may be smaller. Advice for New Investors: Tour as many properties as possible to get comfortable with the market. Submit offers even if they are below the asking price to stay active and top of mind with brokers. Understand the importance of having financing and equity lined up. Challenges and Opportunities: Volatility in interest rates and its impact on deal financing. The importance of rate locking to mitigate risk. To contact Chris Pearson: chris.pearson@marcusmillichap.com To contact Nick Fluellen: nick.fluellen@marcusmillichap.com Are you ready to unlock the potential of Multifamily Syndications? Discover how Michael Becker’s proven real estate syndication business can open doors to financial growth and long-term success. Visit today and start your journey toward smarter investing! /episode/index/show/oldcapitallending/id/35541710

EPS 319 - Are Apartment Investors Finding "DEALS" in San Antonio & Houston? Top Colliers Sales Brokers Weigh In. 02/12/2025

EPS 319 - Are Apartment Investors Finding "DEALS" in San Antonio & Houston? Top Colliers Sales Brokers Weigh In. In this episode, we sit down with two of Colliers International’s leading sales brokers—Bob Heard and Zar Haro—to explore the current landscape of apartment investments in San Antonio and Houston. With years of experience uncovering hidden opportunities, Bob and Zar offer expert insights on whether now is the right time for apartment investors to dive into the South and Central Texas markets. Key Takeaways: 1. Market Insights: • San Antonio: Zar Haro takes us through the current state of distressed operations in Central Texas, drawing comparisons to the market shift of 2008. He reveals how operational challenges are creating unique opportunities for future growth. • Houston: Bob Heard highlights Houston's strong economic fundamentals—such as robust job and population growth—even as certain areas experience occupancy struggles, particularly with tenants moving back in with family or opting for roommates. 2. Investment Strategies: • San Antonio: Zar dives into the emerging opportunities in South Central San Antonio and the Medical Center area, where government projects are driving change and property prices are seeing significant shifts. • Houston: Bob suggests that investors focus on well-located B properties in suburban hotspots like Katy and Conroe, which are holding steady despite an influx of new supply. 3. Investor Sentiment: Both Zar and Bob discuss the prevailing mood in the investor community—cautious optimism. They break down how investors are approaching distressed properties and making strategic acquisitions to maximize long-term value. 4. Immigration Impact: A hot topic raised by Paul—could immigration policy changes affect occupancy rates? Zar weighs in with early signs of delinquency, especially in areas where fear of ICE raids is beginning to impact renters’ stability. 5. Funding & Transactions: Zar and Bob explain the driving forces behind apartment transactions, with high-net-worth individuals and experienced syndicators leading the charge. They touch on how high leverage and strategic acquisitions are key to closing successful deals in today’s market. 6. Funny (and Not So Funny) Stories: Get a behind-the-scenes look at the quirky and sometimes challenging aspects of the real estate business. Zar and Bob share amusing stories from their careers, including unforgettable encounters with rat infestations and creepy, abandoned buildings. To contact Zar Haro: zar.haro@colliers.com To contact Bob Heard: Are you interested in learning more about how Multifamily Syndications work? Please visit to understand more about Michael Becker’s Real Estate Syndication business. /episode/index/show/oldcapitallending/id/35250055

EPS 318 – Takeaways from NMHC's Annual Meeting in Las Vegas and Navigating 2025. 01/31/2025

EPS 318 – Takeaways from NMHC's Annual Meeting in Las Vegas and Navigating 2025. Did you go? If not…these were the themes, of the 3-day event, between apartment operators, investors, investment sales brokers and lenders. This nationwide conference had optimism in multifamily for the long term…but continued challenges (higher interest rates, higher cap rates, and the lack of distressed assets coming to the market) for the shorter term. 1. NMHC Meeting Overview: The meeting was held at the Aria Hotel in Las Vegas, attended by around 10-12,000 people from various sectors of the multifamily industry. 2. Market Sentiment: Despite challenges, there is optimism about the fundamentals of apartment ownership and investing improving. The sentiment among brokers is more optimistic than among operators. 3. Class A and C Properties: Class A properties are in high demand, while Class C properties are currently out of favor. There is limited availability of properties on the market, and the bid-ask spread remains wide. 4. Interest Rates and Financing: Interest rates are expected to stay higher, but there is some expectation of rate cuts in the future. Banks are starting to open up to lending again after a period of tightening. 5. Distressed Properties: There is some distress in the market, particularly among properties financed with bridge loans. However, the overall percentage of distressed properties is relatively small. 6. Dallas-Fort Worth Market: The Dallas-Fort Worth market is highly favored, with strong fundamentals and high demand. 7. Future Outlook: Michael & James believe that the market will improve, with rent growth expected to return and supply issues easing. They suggest that now might be a good time to consider buying multifamily properties. New apartment supply is coming down rapidly and rental growth is coming back after 138 consecutive weeks of year-over-year decline. 8. Events and Networking: The Old Capital Bus Tour is on March 28th and a virtual Old Capital speaker series on February 5th are upcoming events for networking and learning more about the multifamily market. RSVP to Overall, the discussion highlights cautious optimism in the multifamily housing market, with a focus on strategic buying and navigating current challenges. Are you interested in learning more about how Multifamily Syndications work? Please visit to understand more about Michael Becker’s Real Estate Syndication business. /episode/index/show/oldcapitallending/id/35093745

ASK MIKE MONDAYS: “Michael, what do you expect in 2025 for apartment investors?” 01/19/2025

ASK MIKE MONDAYS: “Michael, what do you expect in 2025 for apartment investors?” 1. 2024 Performance: Michael was disappointed with the acquisition activity due to fluctuating interest rates and low transaction volumes. 2. Market Conditions: The fundamentals were soft in 2024 with flat to down rents, especially in Central Texas. Occupancy stabilized at around 93% portfolio-wide by January 2025. Michael anticipates a recovery in 2025, particularly in the second quarter when the supply of new properties is expected to decrease significantly. 3. Example Deal: Michael described a deal in Dallas involving a late 90s property bought for around $170,000 per door, with plans to invest about $10,000 per unit for renovations. The property is well-located with low rents compared to competitors and has a value-add opportunity. 4. National Multifamily Housing Council (NMHC) Conference: The conference is a major event for multifamily real estate professionals, focusing on deal-making rather than education. It is beneficial for networking and meeting potential equity partners, though it may be overwhelming for newcomers. 5. Market Outlook: Michael expects higher occupancies and rent growth in 2025 as the supply of new properties decreases. He also notes that the current environment is challenging but sees a generational buying opportunity in multifamily real estate. 6. Advice for New Investors: New investors should start as limited partners to gain experience and recommends participating in educational events like bus tours to understand the market better. Overall, the discussion highlights the challenges and opportunities in the Texas real estate market, the importance of strategic networking, and the potential for recovery and growth in the coming years. Are you interested in learning more about how Multifamily Syndications work? Please visit 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. /episode/index/show/oldcapitallending/id/34908325

EPS 317 - Meet the Dynamic Duo Behind the Apartment Investment Revolution: Corey & Candice Muldrow 01/19/2025

EPS 316 - DFW is one of the top 1-2 institutional markets in the nation. Why are THESE buyers flocking to North Texas? 12/17/2024

EPS 315 - "Real-Time Insights from a Manager of 35,000+ Apartment Units!" 11/27/2024

EPS 314 - "What to Do When Your Lender Delays Closing: Can You Still Recover?" 11/23/2024

EPS 313 - “Maximize Your Returns: Why Investing in a 12- Unit Apartment Building Can Boost Your Real Estate Portfolio!” 11/14/2024

ASK MIKE MONDAYS: “What do you mean a GENERATIONAL BUYING OPPORTUNITY?” 11/05/2024

EPS 312 - Meet the “SUPERHEROS” of COMMERCIAL REAL ESTATE LENDING: RECA. 10/29/2024

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

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