Podcast 298: Underwriting Short Term Rentals with Sief Khafagi
Sief Khafagi is an ex techie turned real estate investor who has helped thousands diversify into real estate after spending nearly 5 years at Facebook where he built the 2nd largest
engineering organization across the world. 1000+ hires later, it hit him: a company’s most important asset is its people. Today, he’s the founder of Techvestor, which helps real estate investors and busy professionals passively invest in the emerging asset class of short term rentals (aka Airbnbs) and build for their lifestyle. All investors get to use the properties they invest in, further creating utility AND returns. Techvestor’s advisors include folks from AirDNA, Realtor.com and Bigger Pockets.
But this isn’t your average real estate investment company. Techvestor built it’s own proprietary sourcing technology where they can underwrite over 50,000 properties a month and acquire the best ones for their investors. It’s as if a real estate company and a tech company had a baby.
*DISCLAIMER – We are not giving any financial advice. Please DYOR*
(00:00 – 02:47) Opening Segment
– Sief is introduced as the guest Host
– Sief shares something interesting about himself
(02:47 – 20:50) Underwriting Short-Term Rentals
– Sief shares how he started investing in real estate and why
– Sief shares about short-term rentals
– He also shares which platform he would prefer
– He shares if is it good to be on multiple platforms or stick to just one platform and focus
– Sief shared as well how he underwrites short term rental
– Also, he shares some of the red flags that he has seen during the underwriting
– He also shares the recent underwriting that he has done
– Sief shares as well what value adds to a particular underwriting short-term rental
– Sief shares which market he is focused on right now
– And he shared as well which market would work out
(20:50 – 24:00) Fire Round
– Sief shares his investment strategy because of recession and inflation
– Sief also shares his favorite Finance, real estate book, or any related book
– Sief shares about the website and tools that they can recommend
– Sief’s advice to beginner investors
– Also shared how he gives back
(24:00 – 24:45) Closing Segment
-If you want to learn more about the discussion, you can watch the podcast on Wealth Matter’s YouTube channel and you can reach out to Alpesh using this link.
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