FBF #497: 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
4.8 • 679 Ratings
🗓️ 7 October 2022
⏱️ 37 minutes
🧾️ Download transcript
Summary
Today's Flash Back Friday Episode is from Episode #50, which originally aired on December 15, 2014.
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, Michael's 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
Recommended Resources:
- Accredited Investors, you're invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club!
- If you're a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.
- Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.
- Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast.
- Learn more about Kevin's investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.
Transcript
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| 0:00.0 | Welcome to this week's edition of Flashback Friday. |
| 0:05.0 | It's your opportunity to get some good review by listening to episodes from the past that Kevin is handpicked to help you along your investment journey. |
| 0:13.0 | If you like to partner with Kevin and join his team at Sunrise Capital Investors, head to Invest with Sunrise.com to learn more. |
| 0:20.0 | That's Invest with Sunrise.com to learn more. That's invest with sunrise.com. |
| 0:23.2 | Enjoy the show. |
| 0:26.0 | Our guest of honor for this week's show is Michael Becker. |
| 0:29.7 | Michael is a senior director of lending for old capital lending and is also a principal partner in SPI advisory, |
| 0:35.4 | which is a real estate investment firm specializing in |
| 0:38.1 | multi-family investment properties in the Dallas-Fort Worth area. |
| 0:42.1 | And the most interesting thing about Michael and his investing experience that he just started |
| 0:46.1 | buying properties less than two years ago and has already acquired over 1,000 doors. |
| 0:52.5 | And as of this interview, he had another 400 of them in escrow. |
| 0:56.4 | So you're talking 400 doors, 1400 doors, not 400 doors, 1400 doors. So he's made quite an impact in a short period of time. |
| 1:04.2 | And that's less than two years. So he's been a, he's been in the banking business or banking industry for 15 years. |
| 1:10.4 | So he definitely knows the finance side of things, but he just stepped into the investor |
| 1:14.3 | shoes less than two years ago and has made a massive impact. |
| 1:17.9 | And that's really, when you really boil it down, that is what we mean when we say you've got to take massive action. |
| 1:24.1 | Michael has taken massive action and he is doing amazing. |
| 1:27.1 | He's kicking butt. And that's in a very |
| 1:29.9 | highly competitive market. And if any of you guys that are out there listening, if you're in the |
| 1:34.6 | apartment investment space, you know that it's, I mean, it's highly competitive. It's hard to find |
| 1:39.1 | phenomenal deals in those, you know, high density marketensity marketplaces like Dallas-Fort Worth area. |
... |
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