SA132 | Repositioning Multifamily Assets with Michael Becker

Repositioning refers to maximizing the value of an investment property. It increases the income and potential of a property while improving the quality of life for its residents. Risks involved in this kind of business plan can be avoided by understanding the market before acquiring the property. In today's episode, Michael Becker discusses his background and experience in repositioning multifamily properties. He also shares how important it is to leverage your team to grow in this business. What You'll Learn From This Episode:Michael's Background and How He Started Investing in Real EstateHis Biggest Challenges While Scaling Multifamily and How He Overcame ItSystematizing and Managing Large Volume of Real Estate TransactionsWays to Leverage and Utilize Team's Strengths and ExperiencesStrategies to Differentiate Yourself Against Other Bidders When Acquiring New Property or AssetsEffective Ways to Build Relationship with the BrokersThings to Focus on to Execute a Business Plan After Acquiring a New PropertyMultifamily and Real Estate Outlook Depending on the MarketBenefits and Flexibility of Real Estate InvestingManaging Calendar and Schedules to be More Productive in Business or Even Personal LifeGuest Bio: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 DFW & Austin markets. 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. Prior to forming SPI Advisory, Michael was a 15 year veteran Commercial Real Estate Banker and has originated and managed numerous portfolios of permanent and bridge loans in all major asset classes. 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. Youtube Channel: https://www.youtube.com/channel/UCXyQ1MjvkZkrbiVqjWZzgwAShow on Itunes: https://podcasts.apple.com/us/podcast/the-multifamily-investing-show-with-michael-becker/id1542809312Website: https://multifamilyinvestingshow.com/https://www.spiadvisory.com/To Connect With Us:Please visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!Sponsor:Thinking About Creating and Growing Your Own Podcast But Not Sure Where To Start? Visit GrowYourShow.com and Schedule a call with Adam A. Adams.