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Episode 76: Fair Winds and Following Seas with Vadim Rey
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In this episode, we explore:
- Guest Military Background
- How he started in real estate
- Lessons learned from the experiences
- Raising money for a deal
- Providing value to potential investors
About Vadim:
Vadim Rey was born in Ukraine, raised in Los Angeles, and educated in Boston. Having grown up blocks from Hollywood, CA, he was surrounded by wealth and yet lived in subsidized housing. Though his family and deaf parents did not have the comforts of money, they provided him with the grit, determination, and love that come from an immigrant family.
Vadim commissioned into the Information Warfare Community out of the Boston ROTC Consortium in 2015 and will be resigning his commission in 2022 to invest in apartments, to work with youth-focused non-profits, and to travel full time.
Vadim jumped into real estate after hearing enough senior Sailors talk about buying a house at every duty station. Using the VA loan, He bought a townhouse outside of his first duty station at Ft Meade, MD in 2018. Then he PCSd down to Norfolk, VA, joined ADPI’s first multifamily investing education cohort in 2019, invested in over 2,100 units as an LP, househacked a duplex using the VA loan again, secured his first GP position, and is now developing a real estate fund with Jonathan New, Corey Chonsky, and Andrew Ladner to make this world a better place.
Why multifamily investing? Because it is a synergy of exponential good to make this world a better place – our tenants get to live in quality, safe, affordable housing which allows them to dedicate more of their positive energy into their families and communities, and our investors get to earn quality returns with amazing tax benefits which allow them to spend less time working and more time with their families and communities.
Snapshot: 34:57
- What is your number one failure in real estate?
- Switching from used car sales mentality to a opportunity mentality
- What advice do you have for other military investors to be successful?
- Figure out your why and mindset. Don’t let anything stop you.
- What inspired you to marry a military and serve your country?
- My grandparents.
- What is your dream?
- To make this world a better place.
Quotes:
- “Focus on the deal first. If you can explain the deal, people will buy it. But if you have to sell yourself, then the deal probably doesn't make sense.” 18:36 - 18:46
- “You are selling the service of improving somebody else’s life and they have to be ready to improve their lives as well. And sometimes real estate is the option for them and sometimes it isn’t.” 26:57 - 27:10
Snippet: 16:46 - 18:47
REELS: 12:50 - 13:31
Connecting with the Guest:
LinkedIn : https://www.linkedin.com/company/fair-winds-capital-investments/%20
Website : https://www.fwcinvestments.com/
175 episodes
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