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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.

Apr 15, 2025

Ryan Heddleston's journey from small-scale real estate investments in Pittsburgh to managing large-scale multifamily properties in Texas is a great example of how strategic partnerships and expertise can lead to substantial growth. His decision to partner with experienced operators allowed him to scale quickly, which paid off—he acquired over 6,000 units across 34 properties, worth more than $500 million in total capitalization.
However, even seasoned investors like Ryan can encounter challenges, and one key issue he identified was the high property tax rates in Texas, which can significantly impact profitability. To address this, Ryan and Clayton Sievers co-founded Valorum Tax Advisors. By combining their deep understanding of the local tax landscape with their expertise in multifamily properties, Valorum specializes in helping operators reduce property tax burdens. Their services focus on fighting unfair property tax assessments and providing accurate tax estimates, crucial for both current property owners and those looking to make acquisitions.
To contact Ryan and Clayton: valoremtx.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 your long-term success. Visit SPIADVISORY.COM today and start your journey toward smarter investing!