Multifamily Podcast Network

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 [email protected] 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!  

SUBSCRIBE & LEAVE A 5-START REVIEW as we create a lifetime of wealth and financial freedom through multifamily investing!  

 Invest with us! Check out Blue Oak Investments 

 

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