Episode 219 - At 45 years old…Mike Spotts left his hi-technology job to become a full-time real estate investor. HE HAS NOT LOOKED BACK!

Graduating from college in 1987, Mike Spotts bought his first real estate investment; a duplex. He lived on one side and rented out the other. He was bit with the real estate bug. Over the next 20 years he worked his semi-conductor job and bought lots real estate. In 2009, his tech company offered him a buy out…he jumped out…and jumped into…a full-time real estate investor career. How do you go from buying single family homes to buying large apartment buildings? Mike shares his story on how he purchased several large apartment buildings with fellow investors. He gives you a road map on how he purchased, manages, and raises capital for his next opportunity. Could you do this?

To contact Mike Spotts: MSpotts@greystoneprop.com
To contact Ricardo Hinojosa: RHinojosa@oldcapitallending.com

Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn more about Michael Becker’s Real Estate Syndication business with SPI Advisory LLC.

ASK MIKE MONDAYS - Michael, I am starting to see activity in buying apartments; what additional protection language should I add into the LOI?

Michael shares with you his thoughts on negotiating a potential purchase sales contract and what protection language you should or should not add into the terms of the transaction. Michael gives you the insight on what is happening today in apartment investing.
Michael Becker has purchased over 10,000 apartment units between Dallas and Austin Texas. He is a former commercial banker and has a unique perspective of being of a former ‘loaner- of money’ and now a “owner- of commercial real estate.”

Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

ASK MIKE MONDAYS - Michael, It is June…how are collections? Are tenants paying later in the month? Any update on what happens when unemployment benefits run out in July?

Michael gives insight on what he is seeing in rental collections and immediate concerns facing multifamily housing like decreasing asking rents and the cut off of unemployment benefits coming at the end of July.
Michael Becker has purchased over 10,000 apartment units between Dallas and Austin Texas. He is a former commercial banker and has a unique perspective of being of a former ‘loaner- of money’ and now a “owner- of commercial real estate.”

Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Episode 218 - Listen to how TWO HIGH SCHOOL FRIENDS started buying apartments outside of Minnesota

Professional Snowboarder, Dan Brisse, is known for taking risks on the powder. His insane stunts on a snowboard have made him gonzo famous at the X-Games. His business partner and longtime friend, Michael Roeder is a little more conservative…well…a lot more conservative (I think he still wears a tie.) These two buddies came together to create a business relationship that provides housing for hundreds through apartment syndication. Michael and Dan give us their background on how they started with single family homes and then transitioned into multifamily. They now own and oversee hundreds of apartment units in several states. The guys also talk about the benefits of hiring and using a mentor in purchasing apartments

.
To contact Dan & Mike: granitetowersequitygroup.com
To contact John Brickson: JBrickson@oldcapitallending.com

Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn more about Michael Becker’s Real Estate Syndication business with SPI Advisory LLC.

ASK MIKE MONDAYS - Michael, can we expect inflation in apartment buildings in the future?

With so much money spent by the government to keep the nation going during the pandemic; will we see inflation in the values of apartments in the future?
Michael Becker has purchased over 10,000 apartment units between Dallas and Austin Texas. He is a former commercial banker and has a unique perspective of being of a former ‘loaner- of money’ and now a “owner- of commercial real estate.”
Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Webcast with John Griggs founded Presidium. They currently own over 13,000+ units valued at over $2BN.

TAKE A LISTEN: Just released from Marcus & Millichap/Old Capital Lending interview John Griggs. Since 2003, John built a solid portfolio of 13,000 units from SFR, Class B and C apartments. NOW, he is building 5500 ground up construction Luxury Apartments. How do you do that? Total Rockstar. Also, listen to RealPage's Greg Willett and CoStar's Paul Hendershot focus on the market trends Nationwide and in Texas. Worth the time investment to be inspired.
In this video, John answers questions about:
1) How he transitioned from attorney to Real Estate Investor
2) Starting in 2005 with one 100+ unit DFW deal to 13,000 units today
3) Transition from 3rd party management to self-management during the 2008 recession
4) Raising equity from friends/family to Private Equity
5) Transition from Class B/C to Class A Development
6) Forecasts on interest rates
7) New fund creation
8) Advice for multifamily investors

Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.

Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn more about Michael Becker’s Real Estate Syndication business with SPI Advisory LLC

ASK MIKE MONDAYS - Michael, my property taxes and insurance keep going up; how do you fight to get lower annual costs?

Michael discusses the two largest line item expenses…taxes and insurance. It seems like every year these two operating expenses rise. What do you do?
Michael Becker has purchased over 10,000 apartment units between Dallas and Austin Texas. He is a former commercial banker and has a unique perspective of being of a former ‘loaner- of money’ and now a “owner- of commercial real estate.”
Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.