Growing Your Portfolio and Hit Your Financial Goals with Mike Vann

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 [email protected] or call him at 417-576-8850.

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