Welcome to the CRE Clarity Podcast with Jeremy Goodrich. Our guest today is Venkat Avasarala value-add multifamily investor turned CRE developer. In our conversation, we delve into why development is the current hot spot in REI, explore what to look out for when investing in multifamily, and discuss the importance of monitoring the money supply.
Learn more about Venkat and his story at creclarity.com!
“The one thing every investor should know is to watch the money supply.”
01:18
Venkat began his professional journey in the finance world in 2002. However, his interest shifted towards real estate, leading him to purchase his first 20-unit rental property in Dallas back in 2016. In 2018, he was able to leave his corporate job and pursue real estate investing full-time. His background in finance has helped him to become a developer for large properties valued at over $400 million.
Venkat talks about the importance of monitoring the money supply. He explains that fluctuations in the money supply can influence buying patterns and available resources in the market. He points out the impact of money printing post-pandemic, and how inflation has risen faster than wage growth, putting a strain on affordability.
“Pay attention to who you are serving. If you don’t understand your tenant, you cannot be successful.”
10:45
Venkat started investing in value-add multifamily properties in 2016, However, he transitioned to development in 2021 after exiting the multifamily market altogether. According to him, the landscape had shifted, making success more challenging.
Despite his shift in focus, Venkat shares his insights on still finding success in real estate.
“You don't need to know everything. You just need to find people who know what you are missing and who are good at it.”
24:13
Venkat shares his advice on how to get into the development space.
Toward the end of the conversation, Venkat shares what he’s most excited about in the CRE world right now. He anticipates a decrease in construction costs within the coming years in the Sunbelt states.
Finally, Venkat shares one point of clarity with the listeners. Always watch the money supply!
About our Guest, 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, Venkat has become passionate about spreading the word, so others too can protect their hard-earned savings and take action toward building sustainable wealth.
Mentioned in the show:
Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we’ll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/
· SUBSCRIBE to CRE Clarity on Apple Podcast, Spotify, or wherever you listen to podcasts
· While you there, please RATE & REVIEW the show
· SHARE with friends
· Finally, please, JOIN the CRE Clarity Facebook Group
Then, please share the show with whoever you think it will inspire.
Until the next time, We truly appreciate you listening.
Need the CRE Insurance Guy?
More great stories & information at:
Podchaser is the ultimate destination for podcast data, search, and discovery. Learn More