S4 EP 279: Create Your Own Economy With a Vertically Integrated Real Estate Company

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January 4, 2023 • 21 mins

Being vertically integrated can mean different things to different people but, as Sam Bates has proven, it's far from being just another industry buzzword. Sam is the founder and CEO of Bates Capital Group. He started his real estate journey in 2009 and has been directly involved in the acquisition or development, reposition, disposition, asset management, and strategic planning of over $200,000,000 in AUM. His portfolio currently has 1,035 multifamily units in Texas and the South East. They have 1,100 units in the development pipeline. He shares his story and how Bates Capital Group has evolved over time to increasingly bring services in house to create economies of scale & savings by having their own contracting and dirt moving company, title company, property management, and more. Key Takeaways: - Add functions as necessary as you grown but focus on implementing the right systems to support finance, HR, marketing, etc. - Get the right people to the table. Sam's partners brought a diverse backgrounds of skills to the table that were complementary and they were able to take the shared knowledge and apply it to real estate. - Hire for the right fit. Hire slowly & fire quickly; nobody wants to fire people so try and make sure you have the right fit up front. - Keep your pipeline full. Since Bates is diversified, they're now able to shift attention more to development vs acquisitions to better adjust to current market conditions. Contact Sam: Email: sam@batescapitalgroup.com Website: https://batescapitalgroup.com/invest Are you REady2Scale Your Multifamily Investments? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

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.css-15opob5{left:0;position:absolute;top:0.8rem;} All Episodes

.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}S4 EP 279: Create Your Own Economy With a Vertically Integrated Real Estate Company