Episode 99 - A 150+ unit CHALLENGING TRANSACTION

In this podcast we speak with 4 lead-partners that came together to buy a 152 unit building in Waco, Texas. We discuss how they met, how they found the property and what they liked about the asset and of course…how they will make it profitable for their equity investors. This transaction came with a few challenges. One of the biggest challenges was 2 KEY-PRINCIPLES were NON-US CITIZENS. Listen to James Eng explain some of the underwriting guidelines that Fannie Mae requires when lending to borrowers that don’t have US immigration status.  To contact Kevin or Daniella Dhillon: dhillonpartners.com  To contact Bryant Ho: bryantkho@gmail.com  To contact Angel Flores: aoflores92@gmail.com  To receive our FREE 15 page WHITE PAPER REPORT on the 2017 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com  Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.