Michael Becker is a Co-Founder & Principal at SPI Advisory, LLC and heads SPI’s Dallas, Texas office where he oversees all aspects of property operations, including asset management, property management oversight, accounting and taxation, capital improvement and renovation projects, and investor relations. Michael is a lifelong resident of North Texas and a graduate of The University of North Texas with a BBA in Finance. 

 

In this episode, Michael discusses the current status of multifamily lending and investing, as well as the need to be informed of what's happening on the market and to be forthright and honest about the current rate hikes.

 

 

 

[00:01 - 13:08] Opening Segment

Michael shares about his background and his company SPI Advisory

The impact of rising interest rates on the multifamily market 

The change in standards when underwriting a deal 

 

[13:09 - 25:19] Adapting to the Rising Market Cap Rates 

Seeing bifurcation within the property grades and taking in more risk

Finding returns with the rise of higher rental rates on class A properties

Lenders are requiring investors to buy straight caps 

 

[25:20- 28:29] Going into Recession

People are pushed towards the rental housing market

Large capital investments are relocating 

Taking the opportunity to buy into deals

 

[28:30 - 32:14] Closing Segment

Quick break for our sponsors

The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor. Learn more about Personal Capital at escapingwallstreet.com 

What is your favorite business book?

The ABCs of Real Estate Investing by Ken McElroy

The Advanced Guide To Real Estate Investing by Ken McElroy

What books do you read for personal reasons?

Audio books about multifamily investing and capital markets

What event related to real estate investing are you most excited about this coming 2023?

Old Capital Real Estate Investing Conference

National Multi-Housing Conference

 

 

Connect with Michael Beckeri:

Email: [email protected]

Website: www.spiadvisory.com

 

 

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Tweetable Quote:

“The only thing I'm certain of is that tomorrow's gonna look different than today does, and you just need to stay on top of the evolving nature of everything. It's really everything in life, and it's being kind of plugged in, and paying attention to everything.” -  Michael Beckeri