Ep. 58: Show Up and Do the Right Thing Consistently, with Michael Becker

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Lance is the Founder and Managing Partner of Verivest, an end-to-end real estate investment platform designed to bring transparency and trust to middle-market investing, and a Principal in Fairway America, a real estate private equity firm in Portland, Oregon.

Michael Becker of SPI Advisory is a busy man. He manages more than 3000 apartment units in Texas, hosts the Old Capital Podcast and the live Multifamily Investing Show on YouTube. Lance and he discuss how he juggles it all, assesses new opportunities, and breaks down the key markets in the Lone Star State. They discuss the probability that the public markets are in a ’99-style bubble, and the FOMO and overpaying happening in private markets. How do you keep your head through it all? Keep. It. Simple.

This Week’s Guest

Michael Becker is a 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. He is married and has two young children.

Michael is 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.

As a Portfolio Manager, Michael directly oversaw the management and financial performance of the countless C & B class Multi-Family properties he originated loans for. As a result, he accumulated an exceedingly diverse network of suppliers, contractors, consultants and service providers during his tenure. This gives him the ability to quickly and efficiently implement a breadth of value-added strategies for a fraction of the typical cost.

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Episode 58