What do poker strategy and mobile home investing have in common? More than you might think! In this episode of the Real Estate Investor Podcast, we sit down with Pasha Esfandiary to dig into the secret behind his success in real estate and how he is shaking up the mobile home space. Pasha is the CEO and Managing Partner of Evoke Capital, a real estate investment firm specializing in high-upside mobile home communities. After a successful career as a professional poker player, Pasha transitioned into real estate, flipping more than 50 homes in Las Vegas before expanding into multifamily and development projects. Guided by his resilience, emotional intelligence, and a long-term vision, he has built Evoke Capital around creating win-win opportunities for both investors and residents. In our conversation, Pasha explains how skills honed at the poker table, such as long-term thinking, risk mitigation, and disciplined decision-making, have guided his success in real estate. He also shares why he prefers mobile home communities, what operational levers he pulls to maximize performance, and the investing philosophy that continues to shape his approach today. Join us to discover how you can turn an overlooked real estate niche into long-term wealth with Pasha Esfandiary!

Key Points From This Episode:

• Hear about Pasha’s journey from professional poker player to real estate investor.
• What skills from his time as a poker player have helped him be successful in real estate.
• Learn about his approach to investing and why he focuses on long-term holds.
• Find out why his focus is on mobile homes instead of conventional real estate investments.
• The average length of a mobile home tenant and the operational costs of mobile communities. 
• Discover what Evoke’s typical buy box is and why the company avoids vacant lots.
• Explore why being overly optimistic is the biggest downfall of real estate investors.
• Hear what most real estate investors get wrong and the cyclical nature of real estate.
• Pasha shares the two qualities that every real estate investor needs to be successful.

Links Mentioned in Today’s Episode:

Pasha Esfandiary

Pasha Esfandiary on LinkedIn

Pasha Esfandiary on Instagram

Evoke Capital

Raising the Stakes

Think and Grow Rich

Asset Management Mastery Facebook Group
Invest Smart

Break of Day Capital
Break of Day Capital Instagram

Break of Day Capital YouTube

Gary Lipsky on LinkedIn

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