Welcome to the blog post version of the High Performers Podcast! In this episode, host Alex Alexander interviews Ivan Vayan, an Air Force veteran turned successful multi-family apartment operator.
Ivan shares his journey from the military to the real estate industry and how he overcame mindset limitations to achieve success. Ivan’s main focus is helping people optimize their properties to maximize effectiveness and produce promised cash flow for investors. He specializes in owning and operating apartment complexes, particularly those with 100 units or more.
His strategy involves investing in value-add properties, where he can add physical value and increase the income stream to force appreciation. One of Ivan’s notable case studies is a 110-unit property in Oklahoma City. He noticed an underutilized common space and decided to convert it into a two-bedroom, one-bathroom apartment.
This simple renovation added $900 in monthly income and increased the property’s value by $135,000. When it comes to rehabbing properties, Ivan focuses on achieving performance rents without unnecessary expenses. He emphasizes the importance of mindset throughout the episode and how it played a significant role in his success.
As a pilot in the Air Force, Ivan had a limited financial mindset due to the salary-based compensation structure. However, he learned to overcome his inferiority complex and embrace his true potential as a financially successful individual. Ivan believes that success is not solely defined by money but by fulfilling one’s calling in life. In addition to his real estate ventures, he discusses his current project of buying an 80-unit hotel in Nashville and converting it into an Airbnb boutique-style hotel. He shares his marketing strategies and how he raises capital for his projects through webinars and targeted investor outreach.
To connect with Ivan and learn more about his work, he invites listeners to join his Facebook group, “Apartment Ninja Warriors.” He also offers a course where he shares his insights and strategies for optimizing properties and minimizing risk. In closing, Ivan leaves listeners with a thought-provoking question: Have you taken the time to truly understand what you want in life?
He believes that clarity and certainty in one’s personal dreams and goals are essential for achieving them. Ivan encourages individuals to focus on their calling in life and to serve others, as he believes that giving leads to success. Thank you for reading this blog post version of the High Performers Podcast. Stay tuned for more episodes where we continue to explore the mindset, strategies, and insights of high performers.