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The Academy Presents podcast


Sep 21, 2022

This is part 2 of my conversation with Vessi Kapoulian. She has 18 years of business experience, which includes 14 years of commercial lending and 4 years of business management, sales, and marketing. Vessi started her real estate journey in 2017. Today, Vessi controls a portfolio of investment real estate properties in Florida, Tennessee, and Georgia (161 doors, 6 properties). Her lending experience has served her well in developing a conservative and analytical approach to assessing risk and investing prudently in real estate in order to maximize returns. Her business experience has helped develop a solutions-oriented and execution-focused approach, which has served well in the asset managing her real estate portfolio.

 

In this episode, Vessi discusses the importance of affordability when starting out in the real estate market. She discusses the importance of researching median household incomes in order to determine whether or not an investment is within reach. She shares a story of how she was forced to pivot in order to continue their deal and how it was important to be transparent with their partners. She discusses the benefits of owning multi-family properties, and how there are things that you don’t realize until you’ve done it. She advises being really aware of who’s going to be playing a role in helping you get your deal across the finish line.

 

[00:01 - 03:15] Having A Clear Exit Strategy Is Key When Investing In Real Estate

  • Vessi discusses how having a deeper knowledge of real estate can help you make better decisions when investing
  • Expecting high rent growth rates to continue is unrealistic if wage growth isn’t keeping up 

 

[03:16 - 12:11] How To Determine The Affordability Of A Single-Family Home

  • Vessi describes how the affordability of a single-family home is one factor that contributes to the poverty rate
  • There are multiple factors that contribute to the poverty rate, including wage pressure, migration, and regulatory changes
  • When underwriting a rental property, it is important to consider historical rates of rent growth, as well as the risk associated with the property
  • The process of acquiring a property is a rollercoaster ride, with many moving pieces and information requests
  • How she pivoted to pursue hard money or bridge loans, and it was ultimately successful
  • He discusses the importance of having a good relationship with your bank when purchasing a multi-family property

 

[12:12 - 18:55] Closing Segment

  • Vessi discusses the importance of being aware of who will be helping you get your deal across the finish line and the benefits that come with this type of relationship    
  • To learn more about Vessi, listeners can visit her at https://dbacapitalgroup.com/!

 

Tweetable Quotes:

“Having that positive “Can do”, will solve the problem. That's been invaluable to me... The learning experience is invaluable.” – Vessi Kapoulian

 

“What do you do in periods of hardship? You lick your wounds and you get up and you keep going.” – Vessi Kapoulian

 

Connect with Vessi through her:

Website: https://dbacapitalgroup.com/ 

 

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Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/.

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