Discover5 Talents Podcast - Passive Investing, Cashflow, & Wealth Creation in Commercial Real EstateVenkat Avasarala - 3000 Units, $300MM Under Asset Management Since 2016; Financial Independence Under 3 years of Real Estate Investing
Venkat Avasarala - 3000 Units, $300MM Under Asset Management Since 2016; Financial Independence Under 3 years of Real Estate Investing

Venkat Avasarala - 3000 Units, $300MM Under Asset Management Since 2016; Financial Independence Under 3 years of Real Estate Investing

Update: 2021-04-13
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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 Segment

  • Let’s get to know Venkat Avasarala
  • Venkat talks about his background
    • IT Career
    • Settling Down in Dallas, TX
    • Getting into real estate and achieving Financial independence in just 2 years

[05:10 - 18:06 ] Pursuing a career in Real Estate Investing

  • Venkat looks back on his IT career in various large companies in the US
  • Moving on and leaving the comfort of his career in IT to commit to real estate investing
  • Venkat’s part-time real estate investing career in 2016-2018
    • From 20 Single-family properties to multifamily syndications
    • Deciding to invest in his future by committing to real estate

[18:07 - 33:36 ] Taking Action and Acquiring 3000 Units, $300MM worth of properties

  • Finding deals and opportunities outside of Texas
    • Landing a deal in Phoenix, AZ
    • Starting with 300 units in Dallas
  • Collaborating and working with people for successful deals
  • What it’s like to manage 3000 Units
  • Venkat’s advice to Passive Investors to find great deals, sponsors, markets

[33:37 - 42:36 ] Property Development

  • Their transition to development deals
  • Potential returns in property development
  • The state of their property development deals

[42:37 - 46:53 ] Closing Segment

  • Final piece of advice from Venkat
  • Connect with Venkat. Links below
  • Final 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:

 

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Connect with Venkat, send him an email at venkat@ravenmultifamily.com

Call: 281-727-9238

 

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Venkat Avasarala - 3000 Units, $300MM Under Asset Management Since 2016; Financial Independence Under 3 years of Real Estate Investing

Venkat Avasarala - 3000 Units, $300MM Under Asset Management Since 2016; Financial Independence Under 3 years of Real Estate Investing

Abel Pacheco