493. Mastering the Fundamentals: A Deep Dive into Real Estate Investing with Igor Shaltanov

05/13/24 • 37 min

What does it take to go from being a professional athlete in Russia to a successful real estate investor in the United States?

In this captivating episode, Igor Shaltanov shares his remarkable journey from being a professional water polo player in Russia to becoming a thriving entrepreneur and real estate investor in the United States. He discusses the challenges he faced during the uncertain times in Russia in the 1990s and how his decision to pursue a career in sports led him to discover new opportunities and expand his horizons. Igor's story is one of perseverance, adaptability, and the willingness to take risks in pursuit of a better future for himself and his family. Throughout the episode, he shares valuable insights on transitioning from being an athlete to an entrepreneur, the importance of passion and discipline in business, and the lessons he learned from his experiences in real estate investing.

Igor Shaltanov, co-founder and managing partner of Avista Fund, is a former professional athlete who transitioned into successful entrepreneurship and real estate investment. Guided by discipline and a relentless drive for excellence, Igor has founded and managed thriving companies and businesses in Southern California.

[00:00:00] - [00:08:59] Growing Up in Russia and Pursuing a Career in Sports

The challenges and uncertainties of living in Russia in the 1990s
How sports provided an opportunity for personal growth and new experiences
The impact of traveling and expanding one's horizons

[00:09:00] - [00:16:59] Transitioning from Athlete to Entrepreneur

The decision to stay in the United States and start a new life
Opening a basketball training company and the lessons learned from running a business
The importance of passion and discipline in entrepreneurship

[00:17:00] - [00:23:59] Discovering Real Estate Investing

The journey from being a business owner to an investor
The lessons learned from early real estate investments in Russia
The decision to focus on real estate investing in the United States

[00:24:00] - [00:30:59] Scaling Up in Real Estate

The challenges and benefits of investing in single-family homes
The decision to transition to multifamily syndication
The importance of understanding one's goals and desired role in real estate investing

[00:31:00] - [00:34:59] Navigating the Current Multifamily Market

The impact of rising interest rates and new supply on the multifamily market
The importance of finding good deals and locking in favorable interest rates
The value of staying informed through conversations with experienced operators

Quotes:

"Investing is not about chasing the latest trends; it's about understanding the fundamentals and making informed decisions." - Igor Shaltanov

"Real estate investing is a journey of constant learning and adaptation. Embrace the challenges, and you'll find success." - Igor Shaltanov

Connect with Igor:

Website: https://avistafund.com/

eBook: www.winrealestategame.com

WANT TO LEARN MORE?

Connect with me through LinkedIn.

Or send me an email at [email protected]

Visit my website, www.luxe-cap.com, or my YouTube channel.

Thanks for tuning in!

If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

What does it take to go from being a professional athlete in Russia to a successful real estate investor in the United States?

[00:00:00] - [00:08:59] Growing Up in Russia and Pursuing a Career in Sports

The challenges and uncertainties of living in Russia in the 1990s
How sports provided an opportunity for personal growth and new experiences
The impact of traveling and expanding one's horizons

[00:09:00] - [00:16:59] Transitioning from Athlete to Entrepreneur

The decision to stay in the United States and start a new life
Opening a basketball training company and the lessons learned from running a business
The importance of passion and discipline in entrepreneurship

[00:17:00] - [00:23:59] Discovering Real Estate Investing

The journey from being a business owner to an investor
The lessons learned from early real estate investments in Russia
The decision to focus on real estate investing in the United States

[00:24:00] - [00:30:59] Scaling Up in Real Estate

The challenges and benefits of investing in single-family homes
The decision to transition to multifamily syndication
The importance of understanding one's goals and desired role in real estate investing

[00:31:00] - [00:34:59] Navigating the Current Multifamily Market

The impact of rising interest rates and new supply on the multifamily market
The importance of finding good deals and locking in favorable interest rates
The value of staying informed through conversations with experienced operators

Quotes:

"Investing is not about chasing the latest trends; it's about understanding the fundamentals and making informed decisions." - Igor Shaltanov

"Real estate investing is a journey of constant learning and adaptation. Embrace the challenges, and you'll find success." - Igor Shaltanov

Connect with Igor:

Website: https://avistafund.com/

eBook: www.winrealestategame.com

WANT TO LEARN MORE?

Connect with me through LinkedIn.

Or send me an email at [email protected]

Visit my website, www.luxe-cap.com, or my YouTube channel.

Thanks for tuning in!

If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

Previous Episode

492. From Brazil to Texas: Capitalizing on Apartment Investing Opportunities with Vinicius Ramos

How can foreign investors navigate the complexities of investing in U.S. multifamily syndications and capitalize on the opportunities available in the current market?

In this insightful episode, Vinicius Ramos shares his unique experience as a foreign investor in U.S. multifamily syndications. Vinicius, originally from Brazil, transitioned from a successful corporate career to co-founding Texas Valley Group, which helps international investors access multifamily investment opportunities in Texas. He discusses the challenges and strategies for investing as a foreign investor, the importance of surrounding yourself with knowledgeable people, and the lessons he has learned throughout his journey in the ever-changing real estate market.

Vinicius is a managing partner with Texas Valley Group Co-sponsored xa600+ units across San Antonio, McAllen, and Houston since 2021. He has focused his experience on scaling operations using digital transformation and go-to-market distribution strategies and has managed operations of US$45M+ year revenue. Graduated in Business Administration and with 16 years of experience in several industries, he has held positions in Brazil, Mexico, and the USA as Country Manager, New Business, and Managing director for large corporations.

[00:00:00] - [00:04:00] Chapter 1: From Brazil to Texas: Vinicius's Journey in Real Estate Investing

Vinicius's background in consulting and international corporate career

Falling in love with Texas and its business opportunities

Discovering the potential of apartment investing

[00:04:00] - [00:09:00] Chapter 2: Diving into Multifamily Syndications: Financing and Growth

The attraction of apartment investing as a low-risk asset class

Navigating financing options as a first-time investor

Growing from a 52-unit apartment to over 800 units under management

[00:09:00] - [00:12:00] Chapter 3: Navigating the Current Market: Opportunities and Strategies

Adapting to the high inflation and high interest rate environment

Finding opportunities through assumable loans and distressed assets

Underwriting conservatively and being selective with tenant screening

[00:12:00] - [00:15:00] Chapter 4: Investing as a Foreign Investor: Challenges and Guidance

Differences between investing as a U.S. person and a foreign investor

Fiscal implications and strategies to protect investments

Providing guidance and support for foreign investors

[00:15:00] - [00:20:00] Chapter 5: Lessons Learned and Advice for Aspiring Investors

Surrounding yourself with knowledgeable people and networking

Minimizing risk exposure by co-investing and learning from others

Prioritizing investor relationships and putting their interests first

Quotes:

"I believe it is a time of opportunity. You have to be conservative on next steps because it will get worse before it gets better." - Vinicius Ramos

"If you want to do something, you have to get in the water. You have to really surround yourself with the knowledge and the people that are living and breathing what you're trying to do." - Vinicius Ramos

Connect with Vinicius:

Website: www.texasvalleygroup.com

Linkedin: https://www.linkedin.com/in/vinicius-ranucci-ramos-5017aabb/

Instagram: https://www.instagram.com/texasvalleygroup/

WANT TO LEARN MORE?

Connect with me through LinkedIn.

Or send me an email at [email protected]

Visit my website, www.luxe-cap.com, or my YouTube channel.

Thanks for tuning in!

If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

Next Episode

494. The Power of Diversification: How Real Estate Can Protect Your Portfolio with Bharat Kona

Can diversifying your investment portfolio with real estate help protect you from the volatility of the stock market?

In this insightful episode, Suja sits down with Bharat Kona, a seasoned real estate investor and former tech professional who shares his compelling journey from the Silicon Valley to the world of real estate investing. Bharat discusses his motivation for diversifying his investment portfolio after experiencing significant losses during the dot-com bubble and the 2008 housing crash. He explains how he discovered his passion for real estate and the benefits it offers, such as cash flow, equity multiplier, and tax advantages. Bharat also delves into the various types of real estate investments he has been involved in, including value-add multifamily, ground-up construction, and land entitlement deals. Throughout the episode, he shares valuable lessons learned and strategies for navigating the current challenging market conditions.

Bharat is a dedicated full-time sponsor and operator in commercial real estate, with a proven track record of acquiring and managing 650 units across the South and Midwest regions. Well-connected capital raiser, having successfully secured over $6.5 million to date. Proficient in asset management, financial underwriting, capital raise, and investor relations.

00:00:00 - 00:03:00 | From Silicon Valley to Real Estate: Bharat's Transformative Journey

Bharat shares his background in the tech industry and the painful experiences that led him to seek diversification
He discusses how friends and mentors introduced him to the world of commercial real estate
Bharat highlights his current portfolio and the capital he has raised across his deals

00:03:01 - 00:08:00 | Discovering Passion and Purpose in Real Estate Investing

Bharat explains how he found true passion and enjoyment in working with investors and sharing the benefits of real estate investing
He discusses the decision to transition from his tech career to full-time real estate investing
Bharat shares insights on how his investors, primarily from the tech industry, are attracted to the diversification and tax benefits of real estate

00:08:01 - 00:14:00 | Navigating Different Asset Classes: From Value-Add to Ground-Up Construction

Bharat discusses his first full-cycle deal, a 45-unit value-add property in Kansas City, and the lessons learned
He shares his experience with ground-up construction projects in Sioux Falls, South Dakota, and the importance of demographics and partnerships
Bharat touches on his involvement in a land entitlement deal in Austin suburbs and the challenges faced

00:14:01 - 00:20:00 | The Excitement and Challenges of Real Estate Investing

Bharat expresses his passion for sharing knowledge and enlightening others about the benefits of diversifying through real estate
He emphasizes the importance of patience and the long-term nature of real estate investing
Bharat discusses the current market challenges, including high interest rates and the difficulty in finding good deals

00:20:01 - 00:28:00 | Strategies for Success in a Volatile Market

Bharat shares his experience with using fixed bridge loans and successfully refinancing into agency loans
He highlights the importance of consistent hard work, maintaining high occupancy, and controlling expenses
Bharat discusses the advantages of investing in Midwest markets, which offer slower but steadier growth and less volatility compared to hot markets like Phoenix and Austin

Quote:

“This is not something to get rich quick. Patience is very critical in investing.” - Bharat Kona

Connect with Bharat:

Facebook: https://www.facebook.com/bharatkona

LinkedIn: https://www.linkedin.com/in/bharatkona/

Website: https://www.eldoradocapitalinc.com/

WANT TO LEARN MORE?

Connect with me through LinkedIn.

Or send me an email at [email protected]

Visit my website, www.luxe-cap.com, or my YouTube channel.

Thanks for tuning in!

If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!