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Ardan Labs Podcast

Real Estate, Passive Income, and Investments with Steven Wasylkiw

Ardan Labs Podcast

Bill Kennedy

Ardanlabs, Golang, Computer Science, Technology, Tech, Kubernetes, Go Time Podcast, Ardan Labs, Docker, Tech Careers, Education, Bill Kennedy, Engineering

57 Ratings

🗓️ 10 May 2023

⏱️ 88 minutes

🧾️ Download transcript

Summary

Steven Wasylkiw is the CEO of Magna Vita Investments based in San Diego, California. They specialize in the acquisition, development, and management of multifamily and commercial properties. In this episode, Steven takes us on his journey to becoming a successful entrepreneur in real estate investments. 00:00 Introduction 00:50 What is Steven Doing today? 06:04 Interests Growing Up / Background 14:20 Graduating University in 2008 21:10 People and Sales 28:00 Deciding to Buy Real...

Transcript

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0:00.0

This episode is brought to you by Arden Labs Education.

0:04.2

Sign up today to learn advanced concepts in Go, Docker, Kubernetes, Terraform, and more.

0:10.4

Visit Ardenlabs.com forward slash education for more information.

0:25.0

Welcome to the Arden Labs podcast.

0:30.1

Now, my guest today is not my normal sort of.

0:34.1

Somebody in the go, say, engineering space.

0:36.7

I've got a really special guest today.

0:41.1

His name is Steve Wasell Q. Did I say that right? Steve Wauselkew. You got it. Okay, perfect. And Steve is actually of a different sort of background.

0:49.6

I want to let Steve kind of tell you what he's doing today. So Steve, let's just start off.

0:54.8

Give everybody like two minutes on what you're doing today. Sure. So a little bit about me and my

0:59.7

company. My name is Steve Wuselke. I'm 36. I'm a multifamily syndicator here in San Diego.

1:06.7

So pretty much we invest in real estate and we'll pool funds in order to buy multifamily properties for the most part.

1:14.6

We do have some other type of rental classes that we invest in, but that's what we're focusing mostly in now.

1:20.6

A company is Magna Vita Investments, which actually translates to Great Life in Latin.

1:26.6

And we pretty much provide people with an

1:29.3

alternative to stock market investing. So we own property here in San Diego and Chicago,

1:37.3

and in the portfolio right now, we have short-term rentals, medium-term rentals, and long-term

1:40.9

rentals. I think I've seen, I'm totally not versed in this space here,

1:45.0

but I think I've seen this idea is where you're buying properties and you're generating,

1:51.2

I guess, revenue from the property itself and rents. And then you're bundling that into like

1:56.4

an investment sort of vehicle. So if I wanted to invest in that, I could. Yeah, correct. So there's a minimum

2:03.4

amount that you would need to put into the deal and then you would get an X return. So we usually

...

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