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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.

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  2. Episode 217 - First Time Apartment Buyers Give Advice on Acquiring a 48 unit building in Syracuse, NY.

Episode 217 - First Time Apartment Buyers Give Advice on Acquiring a 48 unit building in Syracuse, NY.

May 27, 2020

Julie Peterson with Old Capital speaks with first time apartment sponsors Gary VanBortel and John Bilinski on their recent purchase of a 48-unit building right before the coronavirus hit. These former single-family investors met at a national multifamily conference and decided to become partners in acquiring apartments. This journey took a few twists over a few months. The seller was in legal trouble, title company would not insure title, initial lender backed out, original property manager was too small for the acceptance of Freddie Mac, asbestos in the floor tiles, and, and, …and. Yikes!! Listen to how they overcame these obstacles and succeeded in closing. Oh, by the way…Then coronavirus hits the month after closing. Great story.
To contact Gary VanBortel or John Bilinski: RocCapitalGroup.com
To contact Julie Peterson: JPeterson@oldcapitallending.com


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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.