Becker Private Equity & Business Podcast
From Conferences to Condos: Michelle Byers-Robson on Entrepreneurship and Real Estate 5-12-25
Mon, 12 May 2025
In this episode, Michelle Byers-Robson, President at SCORAH, joins Scott Becker to share her journey from healthcare events to real estate investing, offering practical insights on building businesses, flipping homes, and navigating today’s real estate landscape with strategic clarity.
Who is Michelle Byers-Robson and what is her background?
Really depends on the market. That's an excellent, excellent question. It really depends on the market. For example, in the California market, I really enjoyed flipping properties. At the time, I also lived in California, so I could take advantage of some of the tax advantages of living in the property while I was doing the construction, which is
a terrible idea if you really got to do the gut check and you got to really know what you're willing to put up with. But living in the property two out of five years, you can actually offset some capital gains in that scenario. If you're not living where you're flipping the property, that's not possible because it wouldn't be your primary residence. So really know the market you're in.
Some other markets are better for short-term or long-term rentals, but may not have that equity gain that you would see in a bigger market. So for example, if I was in the California market, an 8% gain on the California market, let's say the property was valued at a million dollars, is much bigger than a $150,000 condo in, I don't know, Ohio. So you have less of an equity game.
But what I've seen in some markets is that you can look at, depending on your projections, what I like to aim for is a $1,000 or $100,000 turn in rent.
That actually pays out, if you look again at that $150,000 property, Scott, and if I'm making $1,000 per 100,000 in and on rent, so maybe I'm making $1,500 a month in rent, that adds up really to a nice, a significant amount of money after one year, five years, 10 years. And then if you sell it, let's say you sell it for a small gain, what you've made over the past five, 10 years,
Really, it's a tremendous benefit, right? It's a tremendous asset. So really, it depends on the market. There are also people that like to go in and do more commercial property or doing where you're doing... apartment complexes.
I personally haven't invested in apartment complexes, but I do have friends that go in with groups of people and they, so you offset your risk by going in in a group and buying a one big property together and then having someone manage that for you. Again, I just really think it has to do with your market. and where you're at.
And are you in multiple different markets at this point? Is it hard to manage the markets from afar?
It is. I actually tend to pick two or three and really focus on them so I know what I'm doing and I can really get in. Again, I tend to be the person that likes to walk the neighborhood, walk the neighborhood, walk the neighborhood. know what's going on, where I'm investing and what I'm doing there. And I really want to know what's going on.
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