Apr 17, 2023
In today's show, Pancham interviews Sief Khafagi. He is the founder of Techvestor. Techvestor helps accredited real estate investors and professionals passively invest in an emerging asset class of short-term rentals known as Airbnbs focusing on higher-than-average cash flows and lifestyle.
Sief is an ex-techie turned real estate investor who has helped thousands of people diversify into real estate after spending five years working at Facebook, where he built the second-largest engineering organization in the world.
Know more about Sief and how he helped investors acquire the best properties available with his company's proprietary sourcing technology.
Listen and enjoy the show!
Quotes:
"We absolutely build technology, but we invested in growth. I think the biggest advantage we had is we recruited people who are passionate about the space, who are willing to take a chance without knowing what was going to happen next."
Timestamped Shownotes:
- 0:36 - Pancham introduces Sief
- 2:45 - Sief working at Facebook and how he landed on real estate investing
- 4:48 - How he started into short-term rental space
- 7:42 - Leaving Facebook and focusing on real estate
- 12:28 - They developed software focused on Airbnbs
- 17:58 - Fund structure of Airbnb syndications
- 22:37 - Sief on managing his properties
- 28:23 - In terms of operational management
- 38:38 - His first time investing outside of Wall Street
- 40:08 - Sief's advice for people starting to invest outside Wall Street
- 41:20 - How can you connect with Sief
3 Key Points:
- There is a power in software that can turn real estate adapt to fast-paced technology.
- Multi-family and short-term rentals are similar in challenges of operation and scalability, it's just that multi-family is institutionalized
- Airbnb syndications don't compete with prizes of hotels, they focus on design, scale, and economics.
Get in Touch:
- Techvestor Website - https://techvestor.com/
- The Gold Collar Investor Club - https://thegoldcollarinvestor.com/club/
- Pancham Gupta Email - p@thegoldcollarinvestor.com