Mastering Real Estate Acquisition with Mitch Pater

03/17/25 • 56 min

Let me introduce you to Mitchell Pater, who embodies the entrepreneurial spirit. His journey has been nothing short of transformative, as he's moved from various retail roles to building a strong real estate portfolio.

In our discussion, we focus on his latest endeavor: self-storage development. Mitchell has a keen eye for identifying profitable locations and is committed to creating high-quality facilities that are attractive to larger buyers.

We get into the details of his career, starting from his early days in real estate to how his strategies have evolved over the years. A key point he highlights is the idea of leveraging other people’s capital to fuel his investments. He makes it clear that continuous learning and adaptability are crucial in today’s real estate market. Plus, building relationships with industry experts is something he considers essential.

Ultimately, Mitchell has ambitious goals. He aims to grow a significant portfolio, all while having a solid exit strategy that aligns with his long-term financial plans. It’s an insightful conversation that sheds light on his journey and the lessons he’s learned along the way.

https://www.usps.com/business/every-door-direct-mail

Takeaways

Mitch Pater emphasizes the significance of self-storage development as a profitable avenue in real estate investments, underscoring his strategic focus on acquiring prime locations.
The journey of self-improvement and financial independence is crucial for individuals dissatisfied with traditional employment, as illustrated by Mitch's personal experiences.
In real estate, understanding the importance of buyer demographics and market demand is essential for successful development and investment.
Mitch advocates for leveraging relationships and resources to navigate the complexities of real estate, emphasizing the value of networking and continuous learning.

Key Moments

09:11 - The Journey of Self-Discovery and Skill Building

17:49 - Transitioning to Real Estate Investment

39:10 - Navigating Development Challenges

45:01 - The Vision for Development and Growth

Thanks for following, subscribing and listening to this episode of The Do More podcast hosted by Jon Farling. To learn more or ask questions, go to l4investing.com.

The Do More Podcast

https://creativecommons.org/licenses/by-nd/4.0/

https://www.usps.com/business/every-door-direct-mail

Takeaways

Mitch Pater emphasizes the significance of self-storage development as a profitable avenue in real estate investments, underscoring his strategic focus on acquiring prime locations.
The journey of self-improvement and financial independence is crucial for individuals dissatisfied with traditional employment, as illustrated by Mitch's personal experiences.
In real estate, understanding the importance of buyer demographics and market demand is essential for successful development and investment.
Mitch advocates for leveraging relationships and resources to navigate the complexities of real estate, emphasizing the value of networking and continuous learning.

Key Moments

09:11 - The Journey of Self-Discovery and Skill Building

17:49 - Transitioning to Real Estate Investment

39:10 - Navigating Development Challenges

45:01 - The Vision for Development and Growth

Thanks for following, subscribing and listening to this episode of The Do More podcast hosted by Jon Farling. To learn more or ask questions, go to l4investing.com.

The Do More Podcast

https://creativecommons.org/licenses/by-nd/4.0/

Previous Episode

Top Five Essential Roles in My Real Estate Team

I've gotten a few questions about my team lately, so I wanted to share some thoughts on what makes it so special.

When I think about my journey in real estate investing, it really started with just me focused on one thing. But over time, that has transformed into a more complex operation, thanks to the incredible people I’ve brought on board.

I want to highlight the key roles that my team members play. We’ve got an attorney, a CPA, a district manager, a maintenance technician, and an executive assistant, and each of them brings something essential to the table that keeps our business running smoothly.

It's so important to invest in talent that fits our overall vision and company culture. I believe that cutting corners on this can hurt our long-term success, and I’d really advise against it. This is not just a look back at my growth but also a reminder of how vital a strong team is in real estate entrepreneurship.

Takeaways

The importance of building a strong team culture cannot be overstated in any business endeavor.
Investing in high-quality employees is crucial; cutting corners can lead to long-term repercussions.
A real estate attorney and a competent CPA are essential assets for successful real estate investment.
The role of district managers has evolved significantly, reflecting the growth and complexity of operations.
Having a full-time maintenance personnel streamlines operations and ensures consistency across multiple sites.
Continual investment in employee development fosters a productive and motivated workforce.

Thanks for following, subscribing and listening to this episode of The Do More podcast hosted by Jon Farling. To learn more or ask questions, go to l4investing.com.

The Do More Podcast

https://creativecommons.org/licenses/by-nd/4.0/

Next Episode

Overcoming Distractions: A Pathway to Success and Fulfillment

We live in a world overflowing with things that can pull our attention away—from binge-watching our favorite shows to getting lost in the endless scroll of social media. These distractions can seriously derail our ability to achieve both personal and professional success.

I’ll share some of my own experiences and observations and emphasize the importance of recognizing and tackling these distractions head-on. It’s crucial to understand how external influences can take control of our focus and shape our priorities. I encourage you to take a moment for some honest self-reflection on your daily habits.

This episode is a rallying cry to prioritize focus and intentionality in everything we do. By honing in on what truly matters, we can strengthen our commitment to rise above mediocrity and truly strive for greatness.

Takeaways

Distractions serve as formidable obstacles that hinder individuals from achieving their aspirations and objectives.
To reach one’s goals, it is imperative to identify and eliminate distractions that detract from one's focus.
Engaging excessively in entertainment such as sports can lead one to neglect personal ambitions and responsibilities.
Consistent evaluation of one's daily activities is crucial in determining whether they contribute positively towards goal attainment.

Key Moments

00:05 - Starting Solo: The Pressure of Providing Value

01:56 - Understanding Distractions on the Path to Your Goals

08:37 - Understanding Distractions and Personal Responsibility

11:38 - Navigating Pressure and Distractions in Life

17:13 - Understanding and Overcoming Distractions

Thanks for following, subscribing and listening to this episode of The Do More podcast hosted by Jon Farling. To learn more or ask questions, go to l4investing.com.

The Do More Podcast

https://creativecommons.org/licenses/by-nd/4.0/

The Do More Podcast - Mastering Real Estate Acquisition with Mitch Pater

Transcript

00:00:00.160

Foreign.

00:00:04.240

Welcome back to the show. Today we've got Mitch Pater out of what I just found out is Michigan and we're not that far apart. Mitch, man, welcome to the show. Yeah, thanks, John. I appreciate you having me. And I've been watching from afar, so.

00:00:19.440

And apparently not that far away. So. Yeah, we'll have to catch up. Yeah, for sure. Well, no, and I've been before we came on. I've told you that. You know