EP 126: The Rise to a Thousand Units: Sam Bates' Inspiring Real Estate Takeover
Real estate investing is a dynamic field that demands strategic vision and adaptability.
In this episode, guest Sam Bates shares his inspiring journey from small multifamily units to seizing over a thousand units in a remarkable real estate takeover.
During the episode, Sam delves into his transition from finance to real estate, shedding light on his initial investments and the challenges encountered while developing projects. From navigating zoning issues to raising capital, Sam's insights offer valuable lessons for aspiring real estate investors looking to overcome obstacles in the industry.
In addition, Sam discusses his first-hand experience with COVID-19's impact on the market and unveils his strategies for effective investor communication and trust-building. Through his approach, Sam showcases the importance of maintaining strong relationships with investors in times of uncertainty.
Furthermore, Sam reveals his focus on secondary and tertiary markets, outlining his unique approach to partnerships and the intricate nuances of different investor regulations. His expertise in these areas brings a fresh perspective to real estate investment strategies, emphasizing the significance of market diversification and regulatory awareness.
To gain deeper insights into Sam Bates' real estate takeover journey and his valuable lessons for investors, tune in to this engaging episode of the Real Estate Investor MBA podcast. Don't miss out on the opportunity to learn, share, and subscribe to continue your real estate investing education.
💥 Remember, this is your MBA. Have a notepad handy, and get ready to take some 📝 notes!
Key Points from This Episode:
Sam Bates' background in real estate and experiences with development projects
Attracting investors and navigating the challenges of the real estate market
Impact of COVID-19 on the real estate industry
Sam Bates' journey from limited partner in apartment and hotel deals to investing in single-family homes and eventually moving into multifamily and development projects
Challenges faced during the development of a 60-unit apartment and 10,000 sq ft retail space
Market strategies and locations for real estate investments, including secondary and tertiary markets
Building trust with investors and keeping them secure during uncertain times, such as COVID-19
Differences between 506(c) and 506(b) regulations for accredited and non-accredited investors
Types of assets and unit sizes targeted for investment, including smaller assets and developments of various sizes
Connect with Sam Bates
👉 Bates Capital Group - https://batescapitalgroup.com/
👉 LinkedIn - https://www.linkedin.com/in/sambatesiv/
👉 Instagram - https://www.instagram.com/sambatescre/
👉 X - https://x.com/SamBatesIV/
About Sam Bates
Sam Bates is the founder and CEO of Bates Capital Group. Sam started his real estate journey in 2009 and has been directly involved in the acquisition or development, reposition, disposition, asset management, and strategic planning of over $200,000,000 in AUM. His portfolio currently has 1,035 multifamily units in Texas and the South East. They have 1,100 units in the development pipeline.
Sam and his team have provided an average IRR of 61% on all deals that have gone full cycle. The market cannot provide this and someone would be hard-pressed to find another real estate investor to provide these types of returns to their clients.
Sam spent over a decade in Corporate America working in various consulting, finance, and accounting positions. He quickly realized a W-2 job was not going to satisfy his desire to help people improve their lives. Once Sam started investing in real estate, he quickly realized how powerful real estate is and decided this was how he wanted to help others meet their goals and create generation wealth to leave their legacy.
Sam has a Bachelor of Science degree from Texas A&M University in Finance, an MS in Personal Financial Planning, and an MBA from Texas Tech University. Sam is an avid sports fan, skier, and loves to read.
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