Ritter on Real Estate Adding Value To Your Current Market With Sam Bates
In today's episode of #RitterOnRealEstate, we sit down with Sam Bates. Sam 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, reposition, disposition, and asset management of over $150,000,000 in AUM. His portfolio currently has 924 units in Texas, Mississippi, Georgia, and Florida. Sam and his partners have roughly another 250 units in the pipeline to be developed.
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.
Key Points From The Episode:
- Building a business from the ground up.
- Partnering with the right people with the same values and vision.
- How the return profiles differ from an acquisition side to a development side.
- Components of market evaluation.
- Enhancing value by gaining supplementary knowledge.
- Entering a new market and managing from afar.
- Shifts in capitalization rates and how they affect investors.
- The Importance of revenue management system.
- Understanding ROI and how it is an important factor in evaluating a deal.
Books mentioned:
- Who, Not How by Dan Sullivan and Dr. Benjamin Hardy
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Production by Outlier Audio