Today, I sat down with Michael Becker of SPI Advisory who owns 6,000 Units totaling $750 MM of multifamily assets in Texas.
Michael graciously shared his vast experience in this 1 hour interview. Some highlights.
- Michael’s COVID-19 action plan at his properties
- The evolution of his acquisition strategy and where he thinks there will be opportunities coming out of this crisis.
- His view on rent growth and what DFW submarkets will outperform/underperform.
- Michael’s thoughts on straight sponsor splits vs. preferred returns, property taxes and insurance.
- Some great tips that you can implement at your properties.
Background
Michael Becker is a Principal at SPI Advisory LLC and heads SPI’s Dallas, Texas office where he oversees 6,000 units totaling $750 MM of assets in Texas. Michael worked in Commercial Real Estate Banking for 15 years and has originated and managed numerous portfolios of permanent and bridge loans in all major asset classes.Michael is a lifelong resident of North Texas. He is married and has two young children.
To get in touch with Michael, please visit the Old Capital Podcast or www.spiadvisory.com
To get in touch with Ryan, please visit www.lifechangingcapital.com
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