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The Old Capital Podcast is aimed at Real Estate Investors - both new and experienced.
Hosts Michael Becker and Paul Peebles deliver no-hype education and expert perspectives.
You will gain valuable insights from interviews with actual real life investors who are active in acquiring and operating apartment complexes. You will discover how they are identifying, financing and operating apartment complexes, as well as helpful advice on how to get started and avoid common mistakes.

  1. All Episodes
  2. ASK MIKE MONDAYS - “Mike, I made a mistake; I signed a contract and put $200k in HARD earnest money BEFORE I spoke with a lender. Lender turned the deal down and my $200k is at RISK; any suggestions?”

ASK MIKE MONDAYS - “Mike, I made a mistake; I signed a contract and put $200k in HARD earnest money BEFORE I spoke with a lender. Lender turned the deal down and my $200k is at RISK; any suggestions?”

Dec 21, 2020

Well, you probably won’t do that again! If you cannot close; the seller WILL take your earnest money. Before you expose your own money to a possible loss (in this case- without having a creditable lending source) you must have an in-depth conversation with a lending decision maker. Your lender is your biggest partner, and you must get them to invest in the deal, too! Be completely transparent to the lender.
Michael Becker has purchased over 10,000 apartment units between Dallas and Austin Texas. He is a former commercial banker and has a unique perspective of being of a former ‘loaner- of money’ and is now a large “owner- of commercial real estate.”
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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