Scaling your business can be overwhelming. In today’s episode, we’re going to dive into them! Venkat Avasarala is a seasoned real estate professional. His main focus is ground-up development of market-rate multifamily properties and acquiring value-add workforce housing multifamily properties in landlord-friendly Sunbelt states. Venkat is developing 1500 multifamily units in Dallas Fort Worth, Austin, and Phoenix. He has also acquired 3048 assisting units since 2016. He is managing $85 million in investor equity and has over $400 million in assets under management.
[00:01] – [03:00] Opening Segment
- Let’s get to know today’s guest, Venkat Avasarala
- Venkat shares his IT career prior to real estate
[03:01] – [16:09] How to Scale Rapidly
- Managing and owning 30 family rental properties
- “My tenants never leave me.”
- Being the be-all, end-all in investing
- Acquiring with a mortgage broker
- Venkat talks about ground-up development
[16:10] – [22:59] Finding the Perfect Partner Developer
- How Venkat first approached his partner developers
- What Venkat looks for in partner developers
- The different types of investors and the deals made with them
- Focusing on build-and-sell
[23:00] – [26:04] Final Four Segment
- What Venkat would invest in with only $20,000
- Put it in a private placement
- How Venkat would help in a real estate mistake
- “Try to work with shorter, cheaper loans.”
- Venkat’s way to make the world a better place
- Workforce housing
- Reach out to our guest – see links below
- Final words
Tweetable Quotes
“Agencies are unsung heroes.” – Venkat Avasarala
“I don’t know what I don’t know. We cannot take risks on investor’s dimes.” – Venkat Avasarala
—————————————————————————–
Connect with Venkat Avasarala through venkat@strykerprop.com, 281-727-9238 and LinkedIn. Check out his website http://www.strykerproperties.com and grow your business in no time.
Connect with me:
I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.
Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in!
Email me → sam@brickeninvestmentgroup.com
