Ep. 235 Sam Bates: Multifamily Syndication
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On today\'s podcast we talk with Sam Bates (CEO of Bates Capital Group) about his success in multifamily syndication. Sam left Corporate America and started his real estate journey in 2009. He walks us through how he first got into real estate, and the path and strategies he employed to get to where he is today. He also gives advice to investors interested in\\xa0multifamily syndication.
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Sam\'s mission is to help busy professionals like himself gain their freedom back through investing in high-quality real estate investments.
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Key Discussion Points
[00:59]\\xa0Opening remarks by Eric Odum & Steven Silverman
[03:48]\\xa0About our guest: Sam Bates
[05:27]\\xa0How did you get into commercial / multifamily real estate?
[08:51]\\xa0What was your first deal?
[10:22]\\xa0Tell us about the structure of your deals
[12:51]\\xa0How do you manage the back-end of the syndication? Use another company? A software tool?
[14:11]\\xa0How do you deal with investors who want out of a syndication deal?
[15:08]\\xa0Tell us about how you\'ve expanded your geographic reach
[17:26]\\xa0What attracted you to purchase a property in Sanford, FL? And what other areas in FL interest you?
[20:17]\\xa0How do you find your deals? Broker relationships? Send out letters?
[21:42]\\xa0How do you get the best value when selling a property? Go through brokerage?
[22:56]\\xa0How do you find your investors?
[26:13]\\xa0What do you look for in a deal?
[28:51] How can folks reach you?
[29:21]\\xa0Any last words of advice for Florida real estate investors?
[43:20]\\xa0Closing comments by Eric & Steven
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About Our Guest
Sam Bates is the founder and CEO of Bates Capital Group and co-founder and managing partner of Trinity Capital Group. Sam started his real estate journey in 2009 and has been directly involved in the acquisition, reposition, disposition, and asset management of over $100,000,000 in AUM. His portfolio currently has 749 units in Texas, Mississippi, and Georgia. Sam and his partners have roughly another 250 units in the pipeline to be developed.
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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 the reader.
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