Sep 06 2023 52 mins
About the Guest:
Hersh Rai is a Principal at RaiVu Capital, primarily focusing on acquisitions and investor relations.He heavily invests in commercial multifamily assets, manufactured housing communities, and short term rentals across the Midwest and Southeast. Beyond real estate investing, Hersh is an active duty naval officer who specializes in meteorology and oceanography. Currently, he is serving at the Joint Typhoon Warning Center based out of Pearl Harbor, HI. Currently, RaiVu operates across 3 states with over 130 units valued at over $5MM.
Great Insight:
Hersh walks step by step around how he sources off-market deals. He essentially links multiple VAs / online tools together. He starts by using a database like PropStream, then hires someone to skiptrace the data, then reviews the work of the person he hired, then hires someone to cold call the identified leads. Any leads that emerge from this process are then evaluated by his team.
Other great nuggets:
- "That's what it comes down to, right? Being a good person and being able to put yourself in the perspective of others. If you can do that, you're going to have a lot more [success]...You never know what's going on in a person's life. So best to say like you're looking at the tip of the iceberg. Don't assume the 99% do your best to assist."
- "There are four main categories that you should look for within a partner and they need to have at least one of them...Knowledge, capital, deal flow, and experience...So in identifying these four components, what speaks volumes for all four of these things is actionability.....Actionability speaks larger than anything else you may be able to do for them. If you are actionable, people are going to be more aligned to work with you and take a chance on you, versus not. If you can be actionable and present the four things that I just said in a certain degree, you're going to do well."
How to get in touch with Hersh:
- Visit raivucapital.com
- Email: [email protected]
- LinkedIn: Hersh Rai
---
For more insights and content to accelerate your real estate success, join our free newsletter at follow this link: pixelsandproperties.beehiiv.com
About Pixels & Properties:
Welcome to Pixels and Properties - the only platform for busy, high-caliber tech professionals seeking financial transformation through real estate ventures. Subscribe to our complementary newsletter through the show notes to receive weekly deep dives, expert insights, and resources to accelerate your investment journey without buying yourself another job. Ready to build wealth on your terms? Let's get started.