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

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: [email protected] (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

Episode 141 of the Jake & Gino: Real Estate Investing & Multifamily podcast, hosted by Dylan and Mike, titled "RCRE - The Great Debate: Development vs. Multifamily with Sam Bates" was published on December 18, 2019 and runs 47 minutes.

December 18, 2019 ·47m · Jake & Gino: Real Estate Investing & Multifamily

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: [email protected] (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

Episode Description