Ep #50: Learn how this apartment building investor went from zero to 1,200 doors in less than 2 years – with Michael Becker

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 15 December 2014

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our guest of honor for this week's show is Michael Becker, senior director of lending for Old Capital lending and principle partner of SPI advisory which is a real estate investment firm specializing in multi-family investment properties in the Dallas Fort Worth area.

In less than 2 years, Michaels company has been aggressively buying apartment buildings and as of this interview has acquired 1,200 doors and had another 400 in escrow. Michael shares with us how he started off buying single family homes, and has successfully transitioned into buying and syndicating large multifamily properties with other investors.

If you are a new or experienced investor looking to grow your real estate business owning/operating multi-family properties, then listening to this interview with Michael Becker will give you new ideas and inspiration as you continue on your journey.

In this interview with Michael, you will learn:

Why he decided to transfer his primary focus from the lending side over to the investment side of the business
How he and his team are financing their deals with HUD's 223(f) program which offers non-recourse debt
The system they are using to source their deals and create a consistent pipeline of opportunities even in this highly competitive market
Why his group prefers light value-add plays which are already stabilized
The qualities he looks for in a property management company and how he seeks them out
and much more

Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it.
0:09.4	But you're tired of all the so-called gurus who are all talked in no substance.
0:15.2	Get ready to celebrate because Kevin Buck has spent 14 years successfully making it happen.
0:21.7	This is the Real Estate Investing for Cash Flow podcast. Now, here's Kevin Bup.
0:31.0	Hey guys, Kevin Bup here with episode number 50 of the Real Estate Investing for Cash Flow
0:35.9	podcast, where our mission is to help you build and maintain massive amounts of cash flow through income producing real estate investments.
0:42.7	Our guest of honor for this week's show is Michael Becker. Michael is a senior director of lending for old capital lending and is also a principal partner in SPI advisory, which is a real estate investment firm specializing in multi-family
0:55.1	investment properties in the Dallas-Fort Worth area.
0:58.4	And the most interesting thing about Michael and his investing experience that he just started
1:02.4	buying properties less than two years ago and has already acquired over 1,000 doors.
1:08.7	And as of this interview, he had another 400 of them in escrow. So you're
1:13.1	talking 400 doors, 1400 doors, not 400 doors, 1400 doors. So he's made quite an impact in a
1:19.4	short period of time. And that's less than two years. So he's been in the banking business or
1:24.8	banking industry for 15 years, so he definitely knows the
1:28.0	finance side of things, but he just stepped into the investor shoes less than two years ago and
1:32.4	has made a massive impact.
1:34.1	And that's really, when you really boil it down, that is what we mean when we say you've got
1:38.7	to take massive action.
1:40.3	Michael has taken massive action, and he is doing amazing.
1:43.3	He's kicking butt.
1:46.2	And that's in a very highly competitive market. And if any of you guys that are out there listening, if you're in the
1:50.9	apartment investment space, you know that it's, I mean, it's highly competitive. It's hard to find
	...

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