Michael Becker is a Principal at SPI Advisory LLC and heads SPI’s Dallas, Texas office. 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. Their 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. Under Michael’s leadership, over the past 6 years SPI Advisory has acquired approximately 8,000 units in the DFW & Austin markets.
Entrepreneurial Role Models:
None Specific
When business started difficulties overcame:
“it was really about changing my perception in the marketplace from being a banker to a principal or owner of real estate… Practically speaking you don’t have all the money in the world ever but certainly when we started out we had a lot less resources so we had to be really scrappy what we were doing and we had to take a whole bunch of calculated risks that we would bet a little bit of money to that we could go out get a loan and raise the capital that we needed to do it”…[Listen for More]
Favourite Books:
- Rich Dad’s Advisors: The Advanced Guide to Real Estate Investing: How to Identify the Hottest Markets and Secure the Best Deals Book by Ken McElroy
- The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss Book by Ken McElroy
Favourite Quote:
“What’s rewarded gets repeated.”
Recommended Online Resources:
Dropbox – Bring your photos, docs, and videos anywhere and keep your files safe
Best Advice to Other Entrepreneurs:
“I think it’s important to know that it is great to be prepared and to be prepared is good but you are never going to know everything you need to know. At some point you are just going to have to take the leap and go out and do it. So, a lot of people have that mentality where they have just one more question, one more question, one more question and they are not quite sure about this risk or that risk. Life is not risk free you never even get out of it alive. At some point you need to be prudent and set up your infrastructure but at some point, you are just going to have to go out and take a risk and do something. And I think that separates a lot of people that actually go out and do it versus a lot of people who think about it and never actually take action”…[Listen for More]
More About Michael Becker:
Neil’s Quote at the Beginning:
“As long as you’re going to be thinking anyway, think big.” Donald Trump
Other Quotes From the Chat with Michael Becker:
- “I think people that don’t focus is certainly at more risk to make mistakes or certainly not be as successful within their field if they divert their attention to much”
- “my partner and I were always guys that were able to go out and do deals. What’s been the most interesting and challenging part is how do you then structure and systematise your company so that you can scale up”
- “there is a lot of power in focus”
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