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From IT Professional to Full-time Real Estate Investor: A Discussion with Ramakrishna Chunchu

by Jonathan Twombly
Last Updated: December 27, 2023

๐Ÿ“ŒIn this episode of the Apartment Investors Podcast, host Jonathan Wombley interviews Ramakrishna Chinchu who transitioned from an experienced IT professional into a full-time multi-family real estate investor. Chinchu shares his journey from investing in single-family homes to multifamily apartments, and his decision to leave his IT job to focus solely on real estate. He sheds light on his investing criteria, the current market conditions, loan and cap rate issues, his source of capital, and the advantages of multi-family over single-family properties for scalability and better management. Chinchu also provides insights on his underwriting process, the deals he works on, and his strategies going forward, which include value-add deals and strategic partnerships.

๐Ÿ–‹๏ธ Some key points:ย 

(00:29) Transition from IT to Real Estate
(01:26) Journey into Single Family Real Estate
(01:51) Switching to Multifamily Real Estate
(04:44) First Steps into Multifamily Investing
(07:38) Becoming a Deal Sponsor
(14:39) Challenges in the Current Real Estate Market
(17:56) Future Goals and Strategies
(19:28) Advice for Aspiring Real Estate Investors
(20:18) Contact Information and Closing Remarks

๐Ÿ“‘More about Rama Krishna Chunchu

Rama is Founder of USHA Investment Group LLC. Rama Krishna Chunchu has
a B.E in Mechanical Engineering from Osmania University, India, and
corporate background in I.T. Investing in Real Estate since 2015 in North
Carolina, FL, and MD. Equity partner in 750+ unit’s multifamily assets, in FL,
MD, and NC markets. GP in 64 units. With more than 15 years of experience as an IT professional, Rama Krishna brings his experience in Analyzing markets, underwriting deals, raising capital, and asset management. Rama Krishna is both an active and passive investor in multi-family apartment syndications. He is an organizer of “Multifamily AP360 Virtual Conference”. He is the host of the podcast, “Multifamily AP360 (Earlier โ€“ Creating Wealth through Passive Apartment Investing.)

He is author of the book “Creating Wealth through Passive Apartment Investing”

 

๐ŸŒŽReach out to Rama Krishna Chunchu

USHA Investment Group
LinkedIN

๐ŸŒŽReach out to JonathanTwombly
LinkedIn: https://www.linkedin.com/in/jonathandtwombly

Loved this episode? Leave us a review and rating on Apple podcasts by clicking here.

๐Ÿ”… Previous Episodes on Apartment Investor’s Club

Going From Working In Hospitality To Multifamily Investing & Hotel Conversions With Charlie Rushton

Hotel Conversions To Multi Family Housing With David Peters

๐ŸŽค Podcast post-production EZPZ Podcasting

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