“Not thinking just about the sticks and bricks and how many units it would take to acquire a billion dollars worth of assets but to think “how many families is that to serve?... At the end of the day if we get to a billion dollars and we haven’t made a meaningful impact on the world around us, then what was the point.” – Anthony Vicino
Connect with Anthony Vicino:
Instagram
Website
LinkedIn
YouTube
Facebook
Selected links and people mentioned in this episode:
Invictus Capital
Jake & Gino
John Demartini
Tom Billyeu
Meditations by Marcus Aurelius
The Daily Stoic by Ryan Holiday
Passive Investing Made Simple by Anthony Vicino & Dan Krueger
Connect with REIN Canada
REIN Canada
[email protected]
REIN Channel
Facebook
Instagram
Twitter
[02:08] Patrick introduces his next TEDM guest, Anthony Vicino.
[03:03] Anthony and Patrick get rockin’ with what Jesse’s up to in the field of real estate investing, what that looks like in his backyard of Minnesota, and where the advantages live within the multi family arena. Class B and C buildings with value-add potential are their focus, and Anthony discusses the renovations they pursue.
[10:09] Anthony’s real estate path started with his friend’s dad and working on his fix and flip property in exchange for rent. Quick to realize construction was not his bag, Anthony moved on to become a broke professional rock climber. At first perplexed by his landlord’s lack of a j-o-b, Anthony figured out that real estate investing was the ticket.
[13:09] Books, podcasts and YouTube were his first real estate teachers and Anthony continued to learn by doing and consuming information. Once he was ready to elevate to joint ventures and syndication, he realized mentorship was the next best step.
[15:51] Anthony’s top five reasons for investing in multi-family buildings.
[21:12] Anthony explains his organization’s proactive and solution-finding approach to property management in a challenging time both for rental housing providers who face moratoriums on evictions, and for tenants who have lost jobs or may be faced with difficulties due to the current global situation.
[23:51] Operating from both the offense and the defense, Anthony loves to find creative ways to both increase revenue but also lower operating costs. This strategy makes a more impactful contribution to their business than simply driving up rents.
[27:11] ADHD and the medication that accompanied it, defined his younger years and forthcoming years each in different ways. Once off the medication, Anthony found he lacked the systems and skills to navigate the chaos of potentiality for his life. Once out of college, he needed to find a path outside of the confines of a corporate job. Rock climbing was a natural fit and ticked a lot of boxes, except for the financial one. Ignited by an entrepreneurial opportunity, Anthony found lasting fulfillment in forging this path.
[34:44] Anthony shares the effect of an ADHD diagnosis at six years old both on him and his family. His current passion is to share the things that helped him control and focus his ADHD, which is applicable for anyone.
[36:29] Anthony describes the prison he felt trapped in with the medication he took, the reprieve he would get in the summer, and the fall out of going off it at the age of 16. Turning his hyper focus on a sport helped in the short term. Long-term, he needed something more...and he found a solution.
[40:50] Patrick and Anthony discuss attention deficit disorder from a different lens, the gift it can truly be, and the feeling of trapped potential.
[46:35] Shifting gears, Anthony talks about one of his other businesses which on the surface is about rock climbing and ...