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Real Estate Investing with Coach Carson

#124: How a First Generation Immigrant Bought 50 Apartment Units in 10 Years

Real Estate Investing with Coach Carson

Chad Carson

Investing, Business

4.9613 Ratings

🗓️ 27 July 2020

⏱️ 69 minutes

🧾️ Download transcript

Summary

Episode #124 - Coach Carson interviews Vitaliy Volpov, a first-generation immigrant from Belarus in eastern Europe who has bought over 50 apartment units in 10 years.  You'll learn how he used both traditional and private financing to acquire properties, and how he applied proven strategies like house hacking and the BRRRR method to grow his portfolio. You'll also hear how he used both real estate equity and his day-job as an attorney to pay off his substantial student debt. 
 
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Transcript

Click on a timestamp to play from that location

0:00.0

The day of closing, we walked into the property, and now the units are both vacant, so we're just doing a walkthrough.

0:05.3

The guy starts, like, dusting off his pants. And he yells to me, he's like, they got fleas in the carpets. He's like, get out of here. Let's get out of here, right? I brought the flea on a napkin to the closing. The sellers, like also old school guys, like, oh, you know, whatever, just just buy some bombs.

0:22.6

It's not a big deal.

0:23.4

You know, like, I old school guys, like, oh, you know, whatever, just

0:21.4

just buy some bombs. It's not a big deal. You know, like, I'm not taking any money off.

0:25.3

We ended up negotiating. I think he ended up taking like $200 off, but I bought a house that was

0:29.8

moving into that was going to have fleas in it.

0:42.6

Welcome to the real Estate and Financial Independence Podcast.

0:44.2

My name is Chad Carson.

0:45.6

You can also call me coach.

0:52.2

And this is a show all about investing in real estate, achieving financial independence, and doing more of what matters.

0:57.9

Today's podcast episode is an interview that shares how a first-generation immigrant bought over 50 rental units in a 10-year period.

1:02.7

It's a great interview with Vitaly Volpov.

1:05.4

He is a first-generation immigrant from Belarus, which is in Eastern Europe,

1:10.1

was part of the former Soviet Union.

1:12.5

He's now an attorney. He lives in the upstate of New York. And it was just a fascinating interview,

1:17.0

not only about his story when he was 12 years old and how he came to the U.S. and didn't speak any

1:21.7

English. It was just kind of dropped into a middle school class. And how he and his family built upon

1:27.2

that and built upon some opportunities

1:28.8

they had. He eventually got to law school, had to borrow money to do it, and then got into

1:33.9

real estate investing. And so he talks about the different strategies he used to get started and

1:38.5

then how he evolved to use private money and partners and now has a lot of cash flowing rental properties, has a brokerage

...

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