In Episode 16 of the Stephen Lee-Thomas Show, we dive into multifamily real estate with Michael Voulgarakis, a seasoned investor with 18 years of experience in underwriting, capital raising, and asset management. With over 26 deals—18 of which have gone full cycle—Michael has scaled his portfolio to over $300 million in assets under management.
In this episode, Michael shares why he invests in Seattle despite the perception that "blue cities" aren’t landlord-friendly. He breaks down market cycles, explains the risks and rewards of bridge debt, and offers insights into finding opportunities even in uncertain economic times.
Michael also discusses the impact of AI on real estate markets, why job diversity is key for recession resilience, and how investors can strategically navigate today’s shifting landscape.
🚀 If you're looking to refine your real estate strategy and gain insights from a seasoned investor, this episode is a must-listen!
What You’ll Learn:
✔️ Why Michael invests in "blue cities" and how they can be profitable
✔️ Understanding market cycles and where we are in 2024
✔️ Bridge debt: When to use it and when to avoid it
✔️ How job diversity impacts real estate investments
✔️ Growth markets vs. stable markets—where should you invest?
Episode Highlights:
[00:00:00] – Intro: Meet Michael Voulgarakis
[00:02:30] – Investing remotely: How Michael manages properties across the country
[00:08:15] – Market cycles: What history tells us about today’s economy
[00:15:45] – The bridge debt debate: Risk vs. opportunity
[00:24:10] – Why Michael invests in Seattle despite common misconceptions
[00:30:00] – AI’s impact on real estate & future growth markets
Ways to Connect with Michael Voulgarakis:
- Website: sreventures.com
- Email: michael@sreventures.com
- Work Phone: (206) 486-8930 (Ext. 3)
- Cell Phone: (203) 829-1322
- LinkedIn: https://www.linkedin.com/in/michaelvoulgarakis/
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- Skool Community: https://www.skool.com/multifamilymasteryhub/about
- Website: https://www.stephenleethomas.com/
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- Instagram: https://www.instagram.com/stephenleethomas/
- LinkedIn: https://www.linkedin.com/in/stephenleethomas/
- YouTube: https://www.youtube.com/@StephenLee-ThomasCapital
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