Tate Siemer
Welcome back Entrepreneurs! Tate Siemer is the Founder of Green Light Equity Group and the host of “The Apartment Guys” podcast. Tate was born in Ohio. He worked as a photographer for many years. Over the last 1 ½ years he has purchased 572 doors with 60 under contract for a total of $38 million assets under management (AUM).
He started SFH flipping and eventually went into townhome construction.
Chosen Markets
Tate favors steady growth markets! Columbus is a distribution hub with nice median household income. Oklahoma City is not as hot as Columbus. It is also larger with more inventory.
Best Acquisition Story
20 units with great cash flow. Helped to carry him through the townhouse construction deal. Like Phoenix rising from the ashes!
Improvements: The property had evaporative cools which looked awful (and didn’t work very well) which were replaced by central AC.
Goal
1000 units in 2021!
Key Quotes
“The question was are we ‘Going Big’ or ‘Going Bigger!’”
Reality in your business right now is a reflection of your mentality
It is quite possible that things will turn out much better than you imagined - unknown