298: Thriving in Multifamily Investing (Even in a Hot Market) with Michael Becker
Interested in building giant wealth through multifamily real estate investing? Well, on today’s show, we interview someone who already has. Michael Becker is an experienced multifamily investor who’s mastered the genre and simplified the process for being successful! Michael shares what every new investor needs to know about avoiding the biggest mistakes in multifamily, how to invest no matter the market or how hot it is, four problems to watch out for that led to the last recession, and a lot more! You DO NOT want to miss the deep dive where Michael shares how he and his partners made $10M in profit using a combination of BRRRR, syndication techniques, private money, and prudent decision-making. If you’ve ever thought about moving into multifamily investing at some point, don’t miss this show!
In This Episode We Cover:
- How Michael got into real estate
- The value of partnerships and networking
- Tips for buying 16 multifamily units
- What a cap rate is
- His thoughts on a crash and timing the market
- How he raises money for a deal
- Relationship-building and how it helps in any business
- Advice for using webinars to pitch
- Tips for raising capital
- Why you want to keep presentations simple
- Unique advantages of Fannie Mae and Freddie Mac loans
- Single family rentals vs. multifamily
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Brandon’s Twitter Profile
- Brandon’s Instagram
- BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman
- BiggerPockets Podcast 279: How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman
Books Mentioned in this Show
- The Millionaire Real Estate Agent by Gary Keller
- The ABCs of Real Estate Investing by Ken McElroy
- The Advanced Guide to Real Estate Investing by Ken McElroy
- Am I Being Too Subtle by Sam Zell
Fire Round Questions
- Should we have an inspector walk through every unit?
- How do I do my first multi family syndication with no money down?
- Would you purchase all three together and secure one commercial loan for the properties or do I have to get three separate loans?
Tweetable Topics:
- “It’s much better to be the borrower than the lender when it comes to investing.” (Tweet This!)
- “All you really have to do is to close a deal or two.” (Tweet This!)
- “The world is full of capital.” (Tweet This!)
- “You don’t need to have everything. You just need to have access to it.” (Tweet This!)
Connect with Michael
Learn more about your ad choices. Visit megaphone.fm/adchoices
Available Results
Generated results are saved to your library for reuse and search.
Choose Template
Pick the result you want. You can review provider and model before generating.
A concise first-pass summary for understanding the episode quickly.
A comprehensive, source-grounded extraction of the reusable knowledge in an episode.
A comprehensive extraction focused on opportunities, strategy, markets, and company building.
Explicit actions, next steps, habits, recommendations, and things to avoid.
Repeatable methods, frameworks, mental models, processes, and systems.
A dedicated inventory of concrete resources named in the episode.
A concise first-pass summary for understanding the episode quickly.
A detailed readable summary organized by chapter or topic.
A navigable map of subjects, topic flow, and suggested chapters.
A comprehensive, source-grounded extraction of the reusable knowledge in an episode.
Reusable atomic knowledge units extracted from the episode.
A comprehensive extraction focused on health practices, protocols, claims, and safety caveats.
A comprehensive extraction focused on opportunities, strategy, markets, and company building.
Explicit actions, next steps, habits, recommendations, and things to avoid.
A dedicated inventory of concrete resources named in the episode.
A dedicated analysis of warnings, limitations, trade-offs, weak evidence, and uncertainty.
A concise first-pass summary for understanding the episode quickly.
A detailed readable summary organized by chapter or topic.
A navigable map of subjects, topic flow, and suggested chapters.
A comprehensive, source-grounded extraction of the reusable knowledge in an episode.
Reusable atomic knowledge units extracted from the episode.
A comprehensive extraction focused on health practices, protocols, claims, and safety caveats.
A comprehensive extraction focused on opportunities, strategy, markets, and company building.
Scientific findings, mechanisms, studies, hypotheses, and the limits of the evidence discussed.
Technologies, AI models, technical methods, capabilities, limitations, and adoption implications.
Investment theses, assets, catalysts, valuation reasoning, time horizons, and risks.
Chronologies, actors, causes, consequences, turning points, and competing historical interpretations.
Policies, proposals, stakeholders, arguments, implementation constraints, and predicted effects.
Career paths, skills, hiring signals, workplace decisions, transitions, and limitations of the advice.
Behavioral mechanisms, biases, motivation, habits, emotions, interventions, and evidence limitations.
Economic mechanisms, incentives, indicators, market structure, forecasts, and uncertainty.
Leadership principles, team systems, organizational design, culture, feedback, and failure modes.
Audience, positioning, messaging, acquisition, retention, experiments, metrics, and failed approaches.
Teaching methods, learning strategies, practice, feedback, assessment, and effectiveness evidence.
Theses, premises, arguments, objections, values, thought experiments, and unresolved questions.
Communication patterns, conflict, boundaries, expectations, repair methods, and contextual limitations.
Books, papers, authors, courses, and other learning resources mentioned in the episode.
Repeatable methods, frameworks, mental models, processes, and systems.
Explicit actions, next steps, habits, recommendations, and things to avoid.
Memorable statements and important claims with attribution and source context.
A dedicated inventory of concrete resources named in the episode.
A dedicated analysis of warnings, limitations, trade-offs, weak evidence, and uncertainty.