RCRE - The Great Debate: Development vs. Multifamily with Sam Bates

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

Smartinvesting, Buyingrealestate, Investing, Multifamilyrealestateinvesting, Business, Investingsmart, Apartmentinvesting, Management, Makingmoney, Realestateinvesting, Cashflow, Jakeandgino, Realestateinvestment, Commercialrealestateinvesting, Buyingapartmentbuildings, Entrepreneurship

4.9 • 842 Ratings

🗓️ 18 December 2019

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dylan Marma and Mike Taravella interviews Sam Bates who is a Principal of Trinity Capital Group. City dictates the developments due to zoning, permits, and plans approved Labor rates have been rising but has found material costs to decrease due to strategic partnerships Sam looks to exit a property when syndicating in about 5 years However, when working with a few investors he likes to hold indefinitely Trinity Capital differentiates itself by systematizing and develop their niche in development Be flexible and adaptable as a real estate investor Sam traded a plot of land for a RV park Developments focus on IRR and Cash on Cash Returns, instead of cap rates Most recent development Trinity is targeting a 5 year hold and 30% IRR HUD loans require longer periods to process so always have backup and options Investor paradigm for development deal: It takes 2 years to build and is generally a longer hold period compared to multifamily acquisitions Multifamily Acquisitions Pros: You know what you are getting Cons: So competitive in the market Always add value in a relationship Expert Pro Tip: Always continue to learn with books, podcasts, and your network Contact Information: sam@trinitycapitaltexas.com (972) 855-7654 For more information/to connect with Rand CRE: www.randcre.com To register to invest with us: https://invest.randpartnersllc.com/invexp/accounts/login/ Rand CRE's Facebook: https://www.facebook.com/randcre Rand CRE's Twitter: https://twitter.com/randcre Rand CRE's Linkedin: https://www.linkedin.com/company/randcre Rand CRE's Instagram: https://www.instagram.com/randcre

Transcript

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0:00.0	Welcome to the RAND-CRE show, commercial real estate with no stone left unturned.
0:07.0	What's up everyone? This is Dylan Marma, bringing to you the RAND-C-R-E show, joined by my co-host, Mike Teravella. How you doing today, Mike?
0:17.0	You know, just living the dream, making a happy, though. I'm excited to have our guest on today.
0:21.6	I'm excited.
0:22.6	Today we're going to be learning about development and acquisitions and the pros and cons
0:27.6	of development versus acquisitions from someone that's got a whole lot of experience in both.
0:31.6	Before we get started here, we want to remind you, the RAN series show is hosted by Grand Commercial Real Estate.
0:38.0	We are a vertically integrated real estate investment and advisory firm, providing
0:41.9	opportunities for investors to create passive streams of income through investing in real estate,
0:47.3	as well as providing active investors by working with them through sourcing debt and equity across the board.
0:52.5	So if you have any questions about how to fund your next deal, if you'd like to partner with us through sourcing debt and equity across the board. So if you have any questions about
0:54.3	how to fund your next deal, if you'd like to partner with us through investing passively,
0:58.4	be sure to reach out at rancere.com. So Mike, why don't you tell us a little bit about who do we
1:03.6	have on the show today? So we have Sam Bates, we've learned quite a bit from from our mastermind,
1:09.2	and Sam is the principal of trinity capital
1:11.9	group and the owner of paradigm real estate investments he's been directly involved in the acquisition
1:16.7	rehab and management of over 40 million in multifamily and single family assets since 2009
1:23.0	welcome to the show sam how's it going it's great. Thank you for having me on. And I've
1:28.6	gotten to, I've really enjoyed going to know you over the last six to 12 months, how long it's been
1:33.9	now. So I'm honored that you invited me on the show. That's great to have you. And we've definitely
1:40.0	learned a whole lot from you as well. And it great uh you know getting to meet you at the event
1:44.8	uh not too long ago and uh you know you've spoken at uh meet up events too with different folks in the
	...

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