18. Multifamily Investing with Michael Becker

Description

ABOUT MICHAEL BECKER

Michael Becker is a Principal at SPI Advisory LLC and heads SPI’s Dallas, Texas office. Under Michael's leadership, over the past 8+ years, SPI Advisory has acquired approximately 10,000 units in the Dallas & Austin markets. Before forming SPI Advisory, Michael was a 15-year veteran Commercial Real Estate Banker. Over the last 5 years of his banking tenure, Michael focused exclusively on multi-family properties, where he was the number one loan producer for his division at a Top 3 National lender for his last 3 consecutive years. Michael is a lifelong resident of North Texas and a graduate of The University of North Texas with a BBA in Finance.

WHAT YOU WILL HEAR:

[01:14] His Career Background

[02:30] His journey to Real estate

[07:06] Tipping point to Investing

[11:12] Prioritizing high-value task and delegation to team members

[12:31] The two most important things that Syndicator do

[15:38] Dealing with Brokers

[16:38] Tips on consistently getting deals

[18:30] First Few Deals

[23:20] Dallas market and other competition

[25:29] Advice on someone who wants to invest

[29:50] Cap rates, Migration, and Interest rates on Current market

[35:50] Advice to his-25-year-old self

[36:37] First Entrepreneurial Endeavor

[37:05] How his formal and informal training shaped his journey

[40:25] The Deal that got away

KEY QUOTES:

[7:15] I told myself if this guy can invest in real estate with no money, no professional skillset, and connections, what am I doing? I am not utilizing what I have at my disposal, all the relationships, connections, and knowledge that I have. So, I decided to jump now and take the risk, or else I might regret it later.

[12:55] If you’re a syndicator, two things are most important that drive revenue. You’ve got to find deals and you’ve got to find the money. You have to talk to investors and brokers, look for deals, then everything else is noise.

[38:11] One thing that we did really well is that every time we had a transaction, we would do a post mortem on it. We would go back on what worked well and what’s not, what should we adapt and change and it’s a matter of finding better ways of doing things along the way.

SUMMARY OF BUSINESS:

SPI Advisory specializes in repositioning multi-family assets. Through professional asset management and a high level of integrity, SPI Advisory increases the value of properties while improving quality of life for its residents. SPI Advisory derives stakeholder value through hands on asset management and construction oversight. Our exclusive multi-family focus enables better pricing of value and risk to identify projects with superior risk-adjusted returns.

ABOUT THE WESTSIDE INVESTORS NETWORK

The Westside Investors Network, is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.

The Westside Investors Network strives to bring knowledge and education to the real estate professional that is seeking to gain more freedom in their life. The host's AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas please visit www.uptownpm.com. If you are interested in investing in multifamily syndication please visit www.uptownsyndication.com.

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You may contact Michael Becker via:

Email: mbecker@spiadvisory.com

LinkedIn: https://www.linkedin.com/in/michael-becker-spiadvisory/

Website: https://www.spiadvisory.com/

Watch: http://www.multifamilyinvestingshow.com/

Social Media:

▪ Instagram: @multifamilyinvestingshow

▪ Facebook: @multifamilyinvestingshow

▪ Twitter: @MultifamilyS

CONNECT WITH US

For more information about investing with AJ and Chris:

· Uptown Syndication | https://www.uptownsyndication.com/

· LinkedIn | https://www.linkedin.com/company/71673294/admin/