📌In 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.
🖋️ Some key points:
(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
📑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 – Creating Wealth through Passive Apartment Investing.)
He is author of the book “Creating Wealth through Passive Apartment Investing”
🌎Reach out to Rama Krishna Chunchu
USHA Investment Group
LinkedIN
🌎Reach out to JonathanTwombly
LinkedIn: https://www.linkedin.com/in/jonathandtwombly
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🔅 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
🎤 Podcast post-production EZPZ Podcasting
