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Talking Multifamily in N Florida

Beau is a multifamily broker covering North Florida. He is one of the best known apartment advisors in the State. He gives us a rundown of the market and why investors don’t see all the good deals.

Key Discussion Points

[01:15] Introduction by Eric & Steven

[05:41] About our guest: Beau Beery

[06:36] How did you get into the real estate business, and specifically in multifamily?

[10:16] How can people find deals in the multifamily market?

[15:06] What’s your advice for newer investors trying to find the right broker like yourself?

[26:03] How do you avoid bogus retrading tactics? (i.e. trying to muscle the seller into significantly shaving the contracted sale price right before the sale)

[30:06] Tell us about how to do market analytics

[35:45] With the current inflationary environment, what do you see in the multifamily market right now, and what do you see happening over the next 18 months?

[39:38] Do you think the Fed is going too far with raising interest rates?

[43:20] How can people reach you?

[45:14] Closing comments by Eric & Steven

About our Guest

Today we have with us Beau Beery. He’s been in the commercial real estate business in Florida since 1999. He earned a bachelor’s degree in marketing and a masters of science degree in real estate from the University of Florida. Beau is a commercial realtor, and he has been consistently ranked as the number one multifamily producer in Florida for Coldwell Banker.

Beau is regularly asked to speak at industry conferences and to private companies. He has a YouTube channel where he guides viewers on how to buy more family assets, how to sell them and how to conduct market analysis.

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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.

[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.

 

CONTACT INFO

Website: https://batescapitalgroup.com

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Multifamily Investing

[00:58] Opening remarks by Eric Odum & Steven Silverman

[03:38] About our guest: Vehano Joseph

[05:40] What’s your background and how did you get into real estate?

[10:26] What do you look for in acquiring a property?

[12:46] What parts of Florida do you like and dislike for real estate?

[17:14] What cap rates are you seeing that enable you to acquire properties?

[19:24] Tell us about your syndication deals, and any tips you can provide

[21:08] Where do you investors come from? Mostly U.S.?

[22:06] Do you farm out your property management?

[23:44] Moving forward, is your strategy to go into more of the urban tupe environments?

[25:08] Do you investors invest in the portfolio or in individual assets?

[26:15] Are you utilizing brokers?

[28:20] How do you get brokers to pay attention to you?

[33:26] How can folks reach you?

[35:05] Closing comments by Eric & Steven

About our Guest

Vehano Joseph is the Chief Executive Officer and Co-founder of Dreamstone Investments, a rapidly growing multifamily investment firm with bases in Atlanta and Tampa.

Vehano and his team specialize in adding value to properties by putting “the Dreamstone touch” on unit interiors and exteriors, adding functional and aesthetic features that ensure value for investors while also creating appealing, affordable, family-friendly spaces that attract and retain residents over time. Under his leadership, Dreamstone has moved from emerging to an established player in the multifamily space.

 

CONTACT INFO