ASK MIKE MONDAYS: “Michael, what do you expect in 2025 for apartment investors?”
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
Release Date: 01/19/2025
EPS 341 - "AI Meets Real Estate: Transforming Underwriting and Investment Decisions"
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
Artificial Intelligence is beginning to enter commercial real estate—but we’re still in the very early stages. Investors and lenders are just starting to explore how AI might help analyze deals, process enormous amounts of data, and evaluate risk more efficiently. In this special VideoCast of the Old Capital Podcast, we take a look at the infancy of AI in real estate underwriting and talk with two professionals who are already using it in the field. What can it do today—and where might it take the industry in the future? You must watch this Videocast. Videocast: To contact Tony...
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EPS 340 - Are Today’s “Humpty Dumpty” B & C Apartment Deals Falling Apart? Can You Put Them Back Together?
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
Bryan Amos from Omni Group joins the Old Capital Real Estate Investing Podcast to discuss the growing importance of physical due diligence in multifamily investing. Apartment investing can sometimes feel like buying a melting ice cube—it must be properly maintained to retain value. For the past 15 years, the standard strategy was simple: buy a value-add property, invest in renovations, and raise rents. But today, with property values declining and transactions slowing, many apartments are not being updated or maintained, creating serious challenges for buyers. Bryan shares insights from his...
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EPS 339 - Conference Takeaways from NMHC Annual Meeting in Las Vegas. Listen Up!
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
The 2026 National Multifamily Conference was completed last week. The purpose of this meeting is to connect with over 10,000 apartment developers, investors, finance professionals, and investment sales brokers to discuss trends and the investment outlook for apartments in 2026. It kicks off the apartment buying/selling season nationwide. A consistent theme emerged throughout the conference…perhaps we have hit the bottom on values, as many sellers have capitulated and decided to sell or throw the towel in. This creates an opportunity for apartment buyers to take advantage of the now lower...
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ASK MIKE MONDAY: “What did we learn in 2025, that will help us in 2026 multifamily investing?”
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
Michael Becker of SPI Advisory discusses the state of the Texas multifamily market as 2025 comes to a close. Michael explores key trends, including rent growth challenges, operational hurdles, and the impact of immigration policies on workforce housing. Also, Michael shares insights on SPI’s recent acquisitions, financing strategies, and the importance of certainty with deal execution. Looking ahead to 2026, he predicts market recovery, with rent growth and value stabilization driven by reduced supply and Texas’ strong economic growth. Listeners can also learn about the upcoming Old...
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EPS 338 - "From 2025 to 2026: Capital Markets, Multifamily Trends, and Expert Predictions"
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
In this episode of the Old Capital Podcast, the team discusses key multifamily market trends that shaped 2025, including increased foreclosures, loan modifications, and tighter equity conditions. They explain why Class A properties and agency financing through Fannie Mae and Freddie Mac are dominating transactions, while Class B and C assets face growing challenges from leasing concessions and capital constraints. The conversation also emphasizes the importance of strong operators, proper capitalization, and preparing for longer 5–7 year hold periods. Plus, learn about the upcoming Old...
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EPS 337 - Have you ever heard the saying, “It’s not what you make — it’s what you keep?”
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
When it comes to building your personal wealth, that couldn’t be more true. But here’s the real problem: taxes. You could be spending months out of every year just working to pay the IRS. So how can you legally reduce your tax bill? That’s where today’s guests come in — Amanda Han and Matt MacFarland. They’re real estate investors and tax strategists who specialize in helping people keep more of what they earn. Most CPAs are great at filling out forms and filing returns, but they’re not necessarily proactive about tax planning. Amanda and Matt explain why you need a tax...
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EPS 336 - "How a Silicon Valley Exec Built a Thriving Multifamily Real Estate Empire – Learn His Secrets to Success!"
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
Eric Hardy, a former Silicon Valley professional turned successful multifamily real estate investor, shares his inspiring journey from selling semiconductors to building a thriving real estate portfolio. (Even in this crazy market) He discusses how he transitioned from passive investing to active ownership, emphasizing the importance of taking a measured approach, starting small, and focusing on cash flow and tax advantages. He shares insights into his partnership with JC Castillo and their success in new construction projects and workforce housing. To connect with Eric Hardy: Are you ready...
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EPS 335 - "Central Texas Real Estate Unveiled: Market Shifts, Investment Strategies, and Future Opportunities with Matt Michelson from Newmark in Austin”
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
In this episode of the Old Capital Real Estate Investing Podcast, Paul Peebles and Michael Becker dive into the evolving Central Texas real estate market with guest Matt Michelson, Executive Managing Director at Newmark. They discuss the growth along the I-35 corridor, the challenges posed by apartment oversupply in Austin and San Antonio, and the opportunities for investors in emerging submarkets like Kyle, New Braunfels, and Seguin. Despite current market softness, the trio highlights why now is a great time to invest in multifamily properties, emphasizing the long-term potential for value...
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EPS 334 - "Inside the 9th Annual Old Capital Conference: Market Insights, Networking, and Lessons from NBA Legend Jason Kidd"
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
In this episode, Paul Peebles and James Eng recap the 9th Annual Old Capital Real Estate Investing Conference, highlighting key moments like market insights, engaging panels, networking opportunities, and a keynote from NBA legend Jason Kidd. With over 350 attendees, the event featured unique venues, discussions on multifamily trends, and innovative activities like the "Deal or No Deal" game. The conference emphasized the importance of building relationships, with a pre-conference happy hour and opportunities to connect with industry leaders. Attendees left with renewed passion for the...
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ASK MIKE MONDAYS: “Is Michael Becker, the Jerry Jones of Real Estate? Creating value.”
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
Netflix recently covered Jerry Jones’s acquisition of the Dallas Cowboys and their rise to become the world’s most valuable sports franchise. Jones didn’t buy a team that was immediately winning. With patience and the money to build a better product- (better players) he transformed the Cowboys into becoming Super Bowl Champions within a few years. He was a value-added buyer. Just as Jones invested time and resources to turn the Cowboys into champions, Becker applies a similar strategy in real estate by patiently improving older properties to maximize their future value. Are you ready to...
info_outline1. 2024 Performance: Michael was disappointed with the acquisition activity due to fluctuating interest rates and low transaction volumes.
2. Market Conditions: The fundamentals were soft in 2024 with flat to down rents, especially in Central Texas. Occupancy stabilized at around 93% portfolio-wide by January 2025. Michael anticipates a recovery in 2025, particularly in the second quarter when the supply of new properties is expected to decrease significantly.
3. Example Deal: Michael described a deal in Dallas involving a late 90s property bought for around $170,000 per door, with plans to invest about $10,000 per unit for renovations. The property is well-located with low rents compared to competitors and has a value-add opportunity.
4. National Multifamily Housing Council (NMHC) Conference: The conference is a major event for multifamily real estate professionals, focusing on deal-making rather than education. It is beneficial for networking and meeting potential equity partners, though it may be overwhelming for newcomers.
5. Market Outlook: Michael expects higher occupancies and rent growth in 2025 as the supply of new properties decreases. He also notes that the current environment is challenging but sees a generational buying opportunity in multifamily real estate.
6. Advice for New Investors: New investors should start as limited partners to gain experience and recommends participating in educational events like bus tours to understand the market better.
Overall, the discussion highlights the challenges and opportunities in the Texas real estate market, the importance of strategic networking, and the potential for recovery and growth in the coming years.
Are you interested in learning more about how Multifamily Syndications work? Please visit SPIADVISORY.COM to understand more about Michael Becker’s Real Estate Syndication business. If you enjoyed this discussion; Please leave us a 5-STAR RATING on iTunes.