Attorney sees his opportunity, switches to real-estate investing [South Florida]
Southwest Florida has long been fertile ground for lawyers with a hankering for investing in real estate.
Chad Gates simply represents the latest iteration of the trend.
Using largely borrowed money, Gates and his partners have spent more than $16 million to buy raw land, office buildings, strip centers and condominiums from Punta Gorda to Bradenton over the past four years.
Though they have sold eight of the 17 properties they purchased at a profit of more that $2.4 million, they retain a $10 million investment portfolio.