Best Real Estate Investing Advice Ever

Iven Vian, the Apartment Ninja Warrior with an 800+ unit portfolio, shares his wisdom about the importance of proactive asset management, being in alignment with your property management company, and facing the realities of real estate investment.

Key Takeaways:

  • Shift from Reactive to Proactive Management: Ivan highlights the critical importance of understanding how today's decisions impact the property's future, focusing on mitigating risks, and maximizing long-term profitability.
  • The Business Mindset in Real Estate: Iven stresses that owning commercial real estate is not just about property ownership; it's about running a business. He dispels the myth that investing in real estate is a passive endeavor, highlighting the necessity of aligning ownership goals and involving property management companies as integral parts of the business strategy.
  • Closing the Gap Between Expectations and Reality: Iven calls for transparency and realism in the industry, advocating for a more seamless transition from underwriting to property management. He believes in addressing misalignment in ownership teams, setting clear priorities, and ensuring all stakeholders have a deep understanding of the operational aspects of a property investment.

Iven Vian | Real Estate Background

  • Owner of Apartment Ninja Warriors
  • Portfolio:
    • 880 doors
  • Based in: Oklahoma City, OK
  • Say hi to him at: 
  • Best Ever Book: Think and Grow Rich by Napoleon Hill
  • Greatest Lesson: If you're doing this as a GP or operator, you have to approach real estate as a business and treat it like one.

 

Check out Iven’s previous episode: 2702 - 4 Ways to Balance a Full-Time Job with Multifamily Investing

 

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Direct download: JF_3386_Iven_Vyan_.mp3
Category:general -- posted at: 3:15am EDT