EP 92: From IT to $500 Million AUM in Multifamily with Venkat Avasarala
Don't entirely depend on your W2 job! Start protecting your hard-earned savings and building a passive income through real estate. Listen to this episode to know how and where to begin! In this episode, Tejas interviews Venkat Avasarala, Founder of Stryker Properties, who came from an IT background and now has $500 million AUM in multifamily. He has also developed 200 to 500 Class A units and has over 1000 accredited investors who are busy professionals in IT, medical, and other industries.
Venkat offers his best piece of advice for anyone who wants to follow in his footsteps and shares how to raise capital and find high-net-worth, accredited individuals who are willing to invest even in the current market climate. Venkat emphasizes the importance of studying the demographics and building in areas where the rents align with market rates.
💥💥 Remember, this is your MBA. Have a notepad handy, and get ready to take some 📝 notes!
Key Points from This Episode:
Accredited investor defined: Someone who makes over 200,000-300,000 jointly with their spouse or over a million in net worth.
Accredited investors are seasoned professionals, doctors, lawyers, dentists, engineers, and entrepreneurs who want to park their money in a safe asset.
A brief background about Venkat and his journey into real estate.
Venkat's advice: Work with someone who has already done it.
Venkat's secret to scaling quickly: market and timing is everything.
Venkat has completed about $800 million in projects since 2016 and raised about $156 million in cash.
Venkat uses the 506 B offering and every deal he makes has its own LLC.
How Venkat transitioned from an IT job to real estate investing.
Why Venkat stopped buying properties in the B and C class.
How to differentiate yourself from other developers.
Venkat observed a significant demographic shift that encouraged him to pivot to his current market.
How Venkat raised rents and continued to build and construct new units.
The size of Venkat’s projects and his business plan.
Motivations for those who want to but are scared to invest in real estate now.
Tweetables:
“I always work with somebody who has already done it. I don't want to learn it on my time and certainly not on my investors' time. That has been instrumental in my success path.” –Venkat Avasarala
"We need to invest here because I live here and the U.S. is the best investment market in the whole world.” –Venkat Avasarala
“If you want to do financially well and provide for your family and all that it behooves upon yourself to look into something where you can make money in your sleep.” –Venkat Avasarala
Resources
About Venkat Avasarala
After witnessing fellow employees' deep despair caused by mass layoffs at "dependable” corporations, Venkat promised himself he'd never be fully dependent upon a W2 again. It's easy for hard-working, intelligent people to accidentally become reliant on their paycheck and miss opportunities to protect and grow their wealth.
That's why Venkat loves sharing about multifamily real estate investments.
Since he discovered the lucrative power of commercial real estate, he has become passionate about spreading the word so you too can protect your hard-earned savings and take action toward building sustainable wealth.
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The education we provide is sponsored by Lehigh Valley Fund. The fund earns returns through real estate investing and pays inventors an average 10% return with a 12 - 18% target*
Click here to book Fund Manager Tejas Gosai.
Contact Jerna Bentilanon to schedule a visit to our offices or a tour of one of our properties: j.b@lvpefund.com, 610-230-7777
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