Investing in Micro Housing Multifamily with Michael T. Parks Artwork

Prosperity Through Multifamily Real Estate Investing

This podcast is for anyone seeking to learn how to create a lifetime of wealth and financial freedom by investing in multifamily real estate. Whether you are an aspiring syndicator or a passive investor seeking better returns and cash flow from your investments, this show is for you. Cody Laughlin, John Batey, and Brian Alfaro speak to industry experts to discuss all aspects of investing in multifamily real estate and seek to help all multifamily real estate investors improve their education and learn proven strategies to grow their businesses. (Description by Cody Laughlin)

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Prosperity Through Multifamily Real Estate Investing

Investing in Micro Housing Multifamily with Michael T. Parks

July 07, 2021 • Cody Laughlin • Episode 75

Familiar with the concept of co-living or micro housing? Curious to learn how micro housing may be the next innovative and exciting way to invest in commercial real estate?

Our special guest on today's episode is Michael T. Parks with Spire Investment Properties. Spire is comprised of a group of multi-family investment experts with the goal of helping busy professionals achieve financial security. Michael is passionate about turning passive investors into active investors and divulges his unique model for investing in micro housing, or as he likes to call it, the “hotelification of apartments.”

In this episode, we cover:

[00:01 - 03:10] Opening Segment

Let’s get to know Michael T. Parks
Michael walks us through his path to real estate investment

[03:10 - 05:38] Vacation Rentals

Michael shares what he’s learned from buying a vacation rental as an investment
Pros and cons of owning a vacation rental property

[05:38 - 21:52] Learning how to become an active investor while passively investing

How to start investing in and scaling a real estate portfolio
Tips for passive investors on becoming an active investor, Co-General Partner, or General Partner
Your biggest learning experiences come from taking action.

[21:52 - 36:50] The Microhousing Concept: The “Hotelification of Apartments”

Michael’s unique model for investing in micro housing
What is micro housing & why it’s the real estate opportunity of the future
The ideal target market and affordability of micro housing

[36:50 – 40:41] Extensive Renovations

Are there architects and construction companies that specialize in microhousing?
Michael shares the secret sauce of his general partnership and what makes high risk investments easier

[45:32 - 48:45] Closing Segment

Don’t miss these parting lessons from Michael!
Connect with Michael
- Links below

Tweetable Quotes:

“The best-laid numbers, from day one, are only as good as [how] the general partnership team makes them work.” - Michael T. Parks

Resources mentioned

· The Spire Simple Syndication System (5-part series)

· Ebook: Insider Secrets to Real Estate Investing to Live Life on Your Own Terms by Michael T. Parks

· Common Living

Email Michael@SpireInvestmentProperties.com to get in touch with Michael. Connect with him on LinkedIn and check out Spire Investments to start making a passive income through real estate investing!

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