My guest today, Sam Bates, spent 11 years in corporate America, spending some of his time focused on real estate taxes. He started his real estate investing career as a limited partner in a 208-unit value-add apartment syndication in Dallas. This syndication underperformed even during a bull market in real estate. Sam decided he needed to take his financial future into his own hands.
Sam began investing in single family homes. Between 2010-2013, he purchased 17 SF homes, using multiple strategies to acquire these homes. Over the past 5 years, he has been involved in 12 commercial projects, creating incredible value for his investors. Sam's responsibilities include sourcing and deal underwriting, investor relations, asset management, and liaison between third party vendors.
If you are interested in starting as an LP in an apartment syndication, you'll gain great wisdom from Sam and his negative first experience as an LP. If you want to actively pursue apartment investing, you have so much to learn from Sam because he has experience and success in so many areas of syndicating apartments.
Bood Recommendation: The Success Principles by Jack Canfield
Prayer Request: Sam asks for prayer asking God to help him stay centered and keep focused on growing God's kingdom.
Connect with Sam: Website: Bates Capital Group, Phone: 972-855-7654
Connect with Lee: Website: THREEFOLD - Real Estate Investing (threefoldrei.com), Email: firstname.lastname@example.org, Facebook: Threefold Real Estate Investing | Facebook, LinkedIn: Lee Yoder | LinkedIn
Check out our Free E-book! https://threefoldrei.ac-page.com/5-steps-to-passive-income-for-the-full-time-dad
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