Episode 224 - Tim Bates, SHOWS US, how he has created wealth for his investors through buying small multifamily
Tim Bates has always wanted more. He first earned his mechanical engineer degree..and then he and his brother wanted to build homes. They opened up a very successful single family construction company for high end homes. He was building 25-30 homes a year. They achieved tremendous success…but Tim wanted more. He wanted to know about the numbers; the financials. He wanted to better understand the profit and loss. He went back to school and earned his MBA. That’s where he saw the light or better…the numbers. He quickly realized that owning commercial real estate made sense and could be the path for increasing their net worth. So…he guided his family into buying apartments. Tim has done an excellent job in acquiring, rehabbing and stabilizing multifamily properties. Listen to his path for success. To contact Tim Bates: Tim.Bates@worthcre.net Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast. Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn more about Michael Becker’s Real Estate Syndication business with SPI Advisory LLC.