The Benefits of Vertical Integration with Michael Voulgarakis, Ep 82

Journey to Multifamily Millions

Today's guest is Michael P. Voulgarakis, he has 17+ years experience in commercial real estate, leads operations, capital raising, and asset management at Southgate Ventures. He's underwritten $1.62B in loans, managed $300M in assets, and completed 10 deals in 8 years in the Puget Sound region.

In this episode, Michael talks about how he got his start in the industry, how he progressed from purchasing condos to managing larger assets, some useful strategies he picked up along the way, and the significance of asset management in commercial real estate transactions.

In addition, he offers advice to prospective investors on how to manage capital expenses and the value of establishing rapport with brokers. Stay tuned!

Episode Topics

[01:19] Meet our guest, Michael Voulgarakis
[02:27] The Itch for Real Estate
[06:41] The Importance of Exposure and Experience
[09:19] The Power of Partnerships
[12:24] The Journey to Commercial Real Estate
[27:12] The Role of Asset Management
[34:45] What is one red flag every investor should look out for?
[35:44] What is a myth about the real estate business?
[36:34] Connecting to Michael

Notable Quotes

• "I started small, buying condos off-market, doing renovations with my own hands. The bug kept biting, and I realized the potential for more than my W-2 job. It reshaped my career." - Michael Voulgarakis
• "Attention to detail in budgeting for capital expenditures sets the foundation for success." - Tim Little
• "Start small due to resource constraints. Prove your thesis with grassroots efforts. Investors seek proof in results. Build a track record and focus on deep market knowledge." - Tim Little
• "In real estate, partner with complementary skills and interests. I found my strength in capital raising, building relationships, and adding value. It's not just about skills but what you enjoy." -Michael Voulgarakis
• "Establish relationships early with brokers. Start with the eager junior ones. Over time, grow together for mutually beneficial success." - Tim Little
• "Self-management is key. No one cares for your property like you do. Small details matter in real estate success." - Michael Voulgarakis
• "Asset management is the key to maximizing property value and profitability over time." - Michael Voulgarakis
• "Effective asset management ensures our investments thrive, not just survive in the market." - Tim Little

👉Connect with Michael Voulgarakis

• LinkedIn: Michael P. Voulgarakis
• Website: SRE Ventures
• Email: [e-mail]
• Business phone: [phone] (Extension 3)

👉 Connect with Tim

• Linkedin: Tim Little
• Instagram: @tim_at_zana
• Email: [e-mail]
• Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate
• Get your Passive Investor's Cheat Sheet FREE

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