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EP 178: Randy Smith and Pasha Esfandiary - 6-8% Year 1 COC in Mobile Home Investing
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EP 178: Randy Smith and Pasha Esfandiary - 6-8% Year 1 COC in Mobile Home Investing
Starting his career in real estate in 2011, flipping homes found at auctions, Pasha has since been involved in over $250 million in transactions across multiple asset types. These include residential homes, boutique motels, the purchasing and management of large multifamily properties, and working with housing programs in vulnerable communities.
In early 2021, Pasha founded Evoke Capital with the primary objective of helping others achieve financial freedom through real estate investing. His lifelong philosophy is what drives Evoke Capital to excellence – People First. Treating each investment as his own and each tenant as family, Pasha has developed Evoke Capital within 24 months to include a portfolio of over 1450 units.
Throughout Pasha’s successful professional ventures, the unfolding of his dream focuses on his value of sustainable community development. This goal in building low-income housing is to provide much more than a roof overhead. The future includes an NGO where all the Evoke properties provide nurturing and interconnected community for his residents. The plans are for valuable educational resources within finance, nutrition, and emotional intelligence. Pasha is committed to building an environment that empowers and encourages its residents to grow, achieve and thrive.
With over ten years of experience and a commitment to growth, it is no question that Pasha and Evoke Capital are just at the beginning of their real estate journey
HIGHLIGHTS IN THIS SHOW:
00:00 - Intro
01:41 - Background
04:36 - Poker
08:48 - Vegas Market and Flipping
12:10 - Mobile Home Parks
16:15 - Cashflow
19:29 - Lenders
20:24 - Deal Structure
24:40 - Market Trends
30:00 - Passive Investments
31:34 - Evoke Capital
32:50 - Due Diligence
36:00 - Final Thoughts
CONNECT WITH OUR GUEST:
CONNECT WITH OUR HOST:
Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor
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