Growing Your Portfolio and Hit Your Financial Goals with Mike Vann

22:04
 
Share
 

Manage episode 269509429 series 2514838
By Passive Wealth Strategies!. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

I had the pleasure of speaking with entrepreneur, real estate investor and co-founder of Trident Multifamily, Mike Vann. Trident Multifamily acquires multi-family apartment complexes with value-add opportunities that force appreciation and deliver strong returns for their investors.

Let’s dive into Mike’s story of how you can succeed in real estate and how to acquire a large portfolio while being a busy professional.

[00:01 - 05:35] Opening Segment

  • I talk briefly about great values that await you in this episode
  • Let's welcome our guest, Mike Vann
  • Mike Vann gives a little bit of background about himself
    • He grew up in the remodeling world
    • He got into the medical sales field after college
  • Mike talks about his portfolio and how he moved forward to build his company
    • He built a 6million dollar portfolio
    • He scaled into syndication to get to his goal faster
    • Found some partnerships

[05:36 - 10:25] The Process of Growing Your Portfolio

  • Mike talks about the limitations of doing things on your own
    • "The more educated I became, the more I realized that I needed to do something bigger."
  • If you were to rewind the clock, what do you think you would have changed?
    • “I would have put the pedal to the gas a lot sooner."
    • "Put more deals in front of me"
    • "Break it down to small chunks and take action on those steps"

[10:26 - 19:19] Setting Up Your Goals and Making Actionable Plans

  • Mike talks about the importance of educating yourself when going into real estate
    • Mike shares something interesting about his secret to success
  • The power of partnerships speak volumes
  • Mike weighs in on the "Great Recession" and the future of the market
    • There's pent-up demand from consumers to spend money
  • Quick word from our sponsors

[19:20 - 23:22] Closing Segment

  • What is the best investment you've ever made other than your education?
    • "The 16-plex deal that I made."
  • What is the worst investment you ever made?
    • "One of my earlier flipped houses."
  • What is the most important lesson that you've learned in business and investing?
    • "Have a positive attitude and be persistent."
  • Final words from Mike and me

Tweetable Quotes:

"The more educated I became, the more I realized that I needed to do something bigger." - Mike Vann

"Don't be comfortable. Define your goal, define your plan, put the pedal to the metal, and hit it!" - Mike Vann

"There's a lot of things in this business that will get you down. Whether you have someone rip you off or you lose money in a deal. You can't take anything personally, you gotta pick yourself up look at what mistakes happen, and how to mitigate them moving forward." - Mike Vann

You can connect with Mike on LinkedIn or visit their website https://tridentmultifamily.com/. Reach out to him via email at mike@tridentmultifamily.com or call him at 417-576-8850.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes.

190 episodes