Show notes
Raven Multifamily Investments Co-Founder and Principal Venkat Avasarala began his real estate career just a few years ago. Before Co-Founding Raven Multifamily, Venkat’s career revolved around the IT Domain of the Corporate world for 14 years. His last corporate job is an SVP in Global Transformation on Operations LOB with Bank of America, before finding his way into the world of real estate.Let’s take a dive into Venkat’s journey and learn how he found tremendous success in Multifamily Real Estate.[00:01 - 05:10] Opening SegmentLet’s get to know Venkat AvasaralaVenkat talks about his backgroundIT CareerSettling Down in Dallas, TXGetting into real estate and achieving Financial independence in just 2 years[05:10 - 18:06] Pursuing a career in Real Estate InvestingVenkat looks back on his IT career in various large companies in the USMoving on and leaving the comfort of his career in IT to commit to real estate investingVenkat’s part-time real estate investing career in 2016-2018From 20 Single-family properties to multifamily syndicationsDeciding to invest in his future by committing to real estate[18:07 - 33:36] Taking Action and Acquiring 3000 Units, $300MM worth of propertiesFinding deals and opportunities outside of TexasLanding a deal in Phoenix, AZStarting with 300 units in DallasCollaborating and working with people for successful dealsWhat it’s like to manage 3000 UnitsVenkat’s advice to Passive Investors to find great deals, sponsors, markets[33:37 - 42:36] Property DevelopmentTheir transition to development dealsPotential returns in property developmentThe state of their property development deals[42:37 - 46:53] Closing SegmentFinal piece of advice from VenkatConnect with Venkat. Links belowFinal words Tweetable Quotes: “The world is big, the country is big, there are opportunities in so many places not just in our backyard. So have an open mind and learn about different metros’ trends, strengths and weaknesses.” - Venkat Avasarala“Not investing is not an option. You have to invest somewhere, you have to grow that money. Because everything else that you want in the future, is going up in value.” - Venkat Avasarala“When you work hard, you get lucky.” - Venkat Avasarala Resources mentioned:Raven Multifamily InvestmentsFree Ebook ------------------------------------------------------------------------------------------ Connect with Venkat, send him an email at [email protected]: 281-727-9238 Connect with me:https://www.5tcre.com/FacebookLinkedInInstagramWatch 5T CRE on YouTubeLeave us a review and receive your free ebookEmail us --> [email protected] the Show.