Alabama Real Estate Investing

It can be difficult to get a decent rate of return in the current Florida market, and more and more investors are looking outside Florida to find deals in other states. Today we talk with Lindsay Davis, CEO of Spartan Invest”, about real estate investment opportunities in Alabama. Lindsay’s investment services allow investors who live outside Alabama to purchase single family homes in Alabama, get the benefit of the low property taxes, and get a great overall rate of return on their investment.

We also discuss the dramatic rise in construction costs over the last year, how it is affecting the building of new homes, and when this might stabilize and return to “normal”.

Key Discussion Points

[01:06] Opening remarks by Eric Odum & Steven Silverman

[06:23]] About our guest: Lindsay Davis

[08:16] Tell us about your “one stop shop” real estate investment services catering to out of state investors

[09:44] What rate of return are you achieving in Alabama?

[12:13] What’s are you seeing going on in the construction market?

[15:12] Why are construction costs so high right now?

[18:21] Talk about the hesitancy of homebuilders to build new homes

[19:41] Where is the demand coming from in Alabama?

[21:55] Where do your investors come from?

[22:57] How is the real estate appreciation in Alabama?

[24:44] What opportunities do you see going forward? What do you see happening with construction pricing?

[26:33] How can folks contact you?

[27:17] Closing comments by Eric & Steven

About our Guest

Lindsay Davis serves as the CEO for Spartan Invest, Atlas Rental Property, and Corinth Construction. Spartan Invest has ranked on the Inc 5000’s fastest growing companies in the country for the past 8 years since 2014. Lindsay has been recognized by the Birmingham Business Journal as one of the decades Top 40 under 40. She has also received numerous awards for women in business.

CONTACT INFO

Website: spartaninvest.com

You can click on the “contact us” link and fill out the form, and someone will get in touch with you.

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Multifamily Syndication

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 multifamily syndication.

Sam’s mission is to help busy professionals like himself gain their freedom back through investing in high-quality real estate investments.

Key Discussion Points

[00:59] Opening remarks by Eric Odum & Steven Silverman

[03:48] About our guest: Sam Bates

[05:27] How did you get into commercial / multifamily real estate?

[08:51] What was your first deal?

[10:22] Tell us about the structure of your deals

[12:51] How do you manage the back-end of the syndication? Use another company? A software tool?

[14:11] How do you deal with investors who want out of a syndication deal?

[15:08] Tell us about how you’ve expanded your geographic reach

[17:26] What attracted you to purchase a property in Sanford, FL? And what other areas in FL interest you?

[20:17] How do you find your deals? Broker relationships? Send out letters?

[21:42] How do you get the best value when selling a property? Go through brokerage?

[22:56] How do you find your investors?

[26:13] What do you look for in a deal?

[28:51] How can folks reach you?

[29:21] Any last words of advice for Florida real estate investors?

[43:20] Closing comments by Eric & Steven

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.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.