Vikram Raya is a Georgetown-trained doctor, he retired from medicine when he was 40 and has since raised $65 million for his deals and currently controls over $350 million worth of real estate.

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Announcer:
Welcome to the Global Investors Podcast, a show that focuses on helping foreign investors enter the lucrative US real estate market. Host, Charles Carillo, combined decades of real estate investing experience with a professional background in international banking to interview experts in all areas of US real estate investing. Now here’s your host, Charles Carillo.

Charles:
Welcome to another episode of the Global Investors Podcast; I’m your host Charles Carillo. Today we have Vikram Raya. He is a Georgetown trained doctor, he retired from medicine when he was 40 and has since raised $65 million for his deals and currently controls over $350 million worth of real estate.. So thank you so much for being on the show Vik.

Vikram:
Thanks, Charles. Really excited, man.

Charles:
So you have a very interesting background. Can you give us a little bit a taste of your background both personally and professionally before getting involved in real estate investing?

Vikram:
Yeah, absolutely. So, you know, my whole thought process growing up was, you know, I’ve come from a you know stable middle-class family. But what I noticed was my parents always fought about money, Charles, and that’s one thing I was like, all right, when I grow up, I want to figure out this money thing, because I don’t wanna, you know, I want to have peace of mind. I want to make everyone happy around me. And, and so I dunno, it sort of drove me. So in, in, in the typical Indian family household, you know, you’re either a doctor or an engineer or you’re a loser. So I was sort of like, all right, this medicine thing seems interesting. I want to definitely get into it. And something very interesting happened, Charles seven people in my family died of heart attacks.

Vikram:
And I was like, oh my God I need to learn that it’s actually, this is not just something like I should do. I need to do this to not only protect my family, but people all over the country. I mean, the world, this is the number one killer, you know, out there. So, you know, and I had a passion for it. So, you know, I w I studied, worked my tail off, you know, got into medical school. And, and to be honest with you, nothing in life has been easy. Charles, it’s been more, it’s not that I’m the most gifted, the brainiac, the highest sat score. None of that. It’s always been more phenomenal will versus phenomenal skill. But and that’s served me well and, and it serves me even to just stay in real estate. But I got into medical school that, you know I got into training, I went to Georgetown and I started doing my intro medicine.

Vikram:
Then I went out to Milwaukee to do my fellowship in cardiology. And I was like, oh my God, this is the holy land. This is it. I’m ready to go. And then what I noticed was all my attendings, all these doctors who I looked up to, they were just crushing themselves, working like 80, 90, a hundred hours, insane hours, and all for like the sake of trading dollars for hours, I’m like, this doesn’t make sense. I thought this was know the end game. And so I, at that point, I was like, maybe I need to have something else on the side. And this is commonly known, as we all know, is the side hustle, right? This is the origin of my side hustle. I’m like, all right, what can I do? And Charles, this is what I did. I was like, all right. I, I never hired a coach for, I’ve never invested in myself.

Vikram:
And I was like, all right, let me learn about options. And so actually got an options coach and learned about options trading. It was okay for a first couple of weeks. And then I started losing. And then, you know, also it was taking a lot of time out of the newly married. I was in a cardiology fellowship that would choose highly competitive and busy. And I was trying to be options trader I’m like, something’s gotta give. And it sounds like, you know what options this is for the birds I’m, I’m done with this. And so I let it go. But the thought that, Hey, look, how do I diversify my income still still kept with me. And I know many of our listeners, whether they’re in Peru, Japan, Israel, you know, anywhere international world, your us listeners that you cultivated, they’re asking the same thing.

Vikram:
How do I create that financial freight freedom apart from my main gig that I’ve, you know, I’ve sort of fallen into. And so that was my, the question I asked, and then obviously one of the books that probably is the most quoted at all, all podcasts out there, rich dad, poor dad came about. Right. And, and it, it turned on some light bulbs, cashflow quadrant. The second version of that, the book turned out even more light bulbs. And I was like, all right, maybe real estate. I can understand it. It makes sense to me, let me go after that. And so I started doing real estate on the side a little bit, and I don’t, I don’t know about you guys, but, you know I’ve heard some, you know, there’s like men out there, you know, that they don’t come straight home after work.

Vikram:
They, you know, they do philandering or they do whatever they do. So, so my wife’s like, Hey, how come you always working late? And, you know, I am sure I understood her suspicions, but really what I was doing is, was I was, instead of after I got done with my cardiology job, nine to five, I was going to the real estate investment association and clubs and playing cashflow board game. I was learning about wholesaling and single family homes and flipping, and then coming home. And then I said, babe, I’m going to start a real estate company. And she’s like, are you crazy? And so to kind of long story short, I started doing single family homes. And so that was the start of my real estate career.

Charles:
Awesome. Awesome. Is it just on a tangent here? I was talking to one of my financial advisor friends and he was telling me, and we’re talking and usually doctors are really terrible investors. Is that, how do you see that that comes through like with, with when you were in practice or anything like that? I mean, they’re so educated. I think it’s very difficult for them to review different deals and they’d be, I don’t know. Have you found anything like that with people, with doctors that you’ve worked with?

Vikram:
You know, Charles, you’re absolutely right. And I’m guilty of it myself. Like it’s because, you know, it’s a double edged sword. You’re highly skilled. You you’ve through a ton of training, you know how to analyze a lot of process and details, but you also think that, Hey, look, if I’m good at surgery, maybe I’m good at real estate. If I’m good at surgery, maybe I can buy a medical conflict complex or office building, you know? And it’s, it’s that fallacy of thinking that sometimes gets people in trouble. So Robert Kiyosaki says it best. It’s not the investments. That’s risky, it’s the best tour. And so the lack of pre-education the lack of consistent knowledge base of one specialized area is what dooms many investors and positions are, are, are not immune to that. No pun intended there. Yeah. So, so but here’s the cool thing I’m so proud of this next generation of physicians that I’ve been seeing. I’ve been seeing a lot of people who are not like, you know, the typical he’s a 95 year old gentleman and in a white coat, you know, with a little hammer tapping on something as neat. I mean, those positions don’t exist anymore. We have these savvy investors, sag physicians, people are starting wealth fund while they’re practicing there. There is a whole new realm, new breed of physicians that are becoming physician investors, physician activist, physician entrepreneurs, and I, I’m sort of proud to be part of that group.

Charles:
That’s awesome. That’s fantastic. It’s great to hear that. So tell us about your first, you were getting into it before I took us on that tangent. Tell us about your, how you got started in real estate when you started that company and your wife thought you were crazy, what was it and what were you doing?

Vikram:
Sure. so, you know, I just did it because, Hey, I just wanted to diversify. I wanted to have something else going on and, you know, I’ve, I’ve had this entrepreneurial spirit and so I want to do something beyond, you know, medicine. And so I thought, you know, single family homes is a good way to get started. I tried wholesaling way too time intensive didn’t work for me, that strategy. And for those people who don’t know what that is, is essentially getting a deal under contract and flipping that deal to a rehab or someone else who will then buy it and then, you know, do the full execution on the deal. And then, you know, from what you get out of the contract for, to what you sell it for, there’s a little bit of a spread, whether it’s 5,000, 10,000, 50,000. So it’s a great strategy if you have a lot of free time, which I did then I started, okay, I want to invest in Northern Virginia DC.

Vikram:
That’s where I live, but it was just too expensive for me. And my wife gave me a stipulation. You’re not allowed to use any money from our income to invest. So now I had to raise capital or I had to get a partner or something because I am not allowed to use my own money. I’m like, great. And I have an LLC and the LLC has no track record. So no bank is willing to lend to her. So these are the problems that most investors have, you know whether, you know, even if you’re not a high converter, this is a normal problem. So I had to be creative and I’ll tell you this, Charles, everyone thinks, Hey, you know, all these stories you hear about these investors, they’re crushing it. You might have heard my bio, God, this guy has 300, $3 million on man.

Vikram:
This guy, it was probably easy for him or someone taught him how to do everything. Well, I went online, I searched accredited investors and then this guy was selling a list of in credit investors. So I bought the list for like 39 99, and then they’re invested like Mr. Green and Mr. White, Mr. Blue. I was like, oh, this is sort of weird. And then I actually reached out to this guy, Mr. White. And it was mixed with a bunch of real names too. So it was not dislike, but it was like he’s like, yeah, if you wire me some funds through Western union I will, why are you the funds for your first investment deal? That you’re a real estate partner. The single family home, you look at, it looks very promising and I’m like, oh, this is great.

Vikram:
So I wired him, like, I think a thousand dollars. Oh, wow. I mean, it’s so, so I got scammed, I got beat up. I, you know, all of the stupid stuff that potentially could happen has happened, but I stuck with it. I bought a 26,000 home in Atlanta. Right. My dad, because I needed someone on the ground there and he has, he’s an engineer. So he had real estate experience. We ended up selling it three years later for $78,000. Then I was like, all right, this is amazing. I I’m booked. So we, we grew up portfolio of 30 single family homes bought a strip mall, 2015. I met one of my he’s a buddy of mine. And he was doing a little bit of real estate. I was doing real estate, but not, not the real big scale. We’re like, Hey, let’s come together and form a multifamily company to buy multi-families or you go, he goes, you mean like a hundred unit, no way that no one does that.

Vikram:
Except big companies. Are you crazy? And I’m like, no, I just got, I just went to this lecture on webinar. I heard this guy, he said, he’s he does something called syndications. I was like, what does that? It sounds like illegal syndicate. It sounds like something illegal crime syndicate. I like, no, man. It’s like raising capital from investors and buddy. So our first deal was in 2015. We brought lot of these doctors who are, who are, you know, they’re smart enough to know that they don’t, they know what they know. And they also know what they don’t know. They trusted us because we had showed some success in real estate. So they invested with us and then we J beat on a deal and we’re like, wow, we get paid at acquisition. We can get paid, you know, a cash flow. And you know, this is like much better than the stock market.

Vikram:
It’s more safe. I love passive investing. So we did that for a couple of deals. Now we’re like, you know, what, why are we going through a middleman? Why can’t we be like Harborside and just do the deal ourselves? So we’re like, all right, let’s do this. And so we formed biking capital, which is our multifamily investment company. And now we’re at six and a half, about six, six and a half years later, we’ve done our 14th acquisition, which was in January Charles. And it was a 380. I’ll try 368 unit $53 million deal in Atlanta, which we from a reach. So we’ve grown our business. We’ve grown our team. We have, I think, 10, 10 people on, on the Viking capital banner now. And you know, we’ve raised like about close to almost 70 million. And we looked at double that rate amount of raise this year as we try to take down eight deals. So,

Charles:
Wow. That is, that’s fantastic. You’re doing eight deals for this year for 2021,

Vikram:
Absolutely one down seven to go. Awesome.

Charles:
Awesome. So prior to retiring from medicine, how did you fit in both your career and your real estate investing career?

Vikram:
Yeah, I think that’s a, it’s a delicate balance. You really have to have time management relief dialed in a little bit. The other thing is you have to give up the sleeping in thing. So I became a student of the 4 45 club, right? So 4:45 AM. I’ve been getting up for almost a decade now, and it allows me at least one to three extra hours a day that most people don’t have and allows me to. And the thing is, it’s not because I’m just going to go straight into underwriting or looking at deals or talking to broker or doing some analysis or something like it’s like, I work on myself. So I’m, I’m working out most days of the week. I’m meditating, I’m journaling, I’m doing all of that, you know so that the sort of the inner game that allows my outer game to Excel and, and and also, you know, what gets scheduled gets done.

Vikram:
So my schedule is actually mapped out, like sleep is put in there, like hanging out with kids when they’re hanging with my wife. So people think, Hey, that’s anal. That’s, that’s really, that’s really a strict but you know, Jocko, Willink says discipline equals freedom. And so that’s exactly what we’re trying to do by having this discipline. I can decide to take two weeks off and go to you know, I was invited to Costa Rica to speak at a conference down there. And, you know, I had it where it didn’t, I didn’t skip a beat. And then any of the company that was running. So if you create a schedule and you create a plan and you create a goals, your 1, 3, 5, 10 year goals, you know, one of my goal at 32 was I want to retire by the age of 40. And if I’m still practicing cardiology, by the age of 40 something went terribly wrong. I told myself that I told my wife that I was crazy. And I told my friends that they thought there was no way. And actually before my 40th birthday the income from real estate was so significant that I felt comfortable, you know, backing off on cardiology.

Charles:
That’s awesome. Yeah, that’s, that’s a great goal. That’s a, and that’s great that you brought in scheduling. I mean, that’s something that I’ve done really brought into my personal scheduling is is really time-blocking over the last few years that has been incredibly successful for me, where you just sit off, it doesn’t have to be like a four hours for this. It can be like an hour, it can be an hour and a half. And if you do it consistently and you set it consistently, it’s amazing how much you can get. I’d like chipping away at something as you’re as you’re going. So that’s, that’s something great for listeners.

Vikram:
And I want to share with your listeners, some of the tools, because again, a lot of podcasts are great, a lot of good information to hear people’s stories, but how does that apply to them? How can they use what they listened to today to 10 X their life? Right? So one of the things I like to use is something called the productivity planner is by coming up, they call it intelligent change that you can buy on Amazon. It’s like 20 bucks or something. It’s great because it forces you to say, Hey, what’s the extreme Preto principle. What’s the one thing that if I do that, everything else is unnecessary or not needed because I’ll have move the needle so much. And so it forces you to write down only it gives you slots for five things, but try to, what’s the one thing that if you did that everything else has even, it’s a moot point.

Vikram:
Number two is I I try to work in, in, in windows of 25 minutes or 30 minutes, or like an hour at a time. And during that hour, you cannot divide that hour. You cannot go check Twitter, Instagram, Facebook, you cannot go use the restroom. You’re locked in and working on that one singular task. And so multitasking, as we know is a myth it’s hard to multitask. It’s actually inefficient to multitask about that task. So a lasering on one task and then going to completion is the key. And again, let’s say you have a list of 30 things, guys, if you’re listening to this and all three things are sort of important, rank them in order of one to 10, what’s gonna, well, one, one to 30 or whatever. What’s going to get me to my goal quicker. And once you know what it’s going to get you to your goals quicker, then you give that task highest priority and sort of face that task before you go onto the next task. And, and then even if you need to carry it over to the next day, it’s rather still focusing on that task. And then, you know, Tim Ferris says this, how do you know the task that needs to be completed the most? It’s the one you’re scared about to do, or you’re procrastinating on the most? Yeah,

Charles:
That’s a that’s truth right there. Right? That’s something, yeah, it’s a lot of those great. From the 80 20 with Pareto, the 80 20 book, that’s one of my favorite books of all time. And then the also is one thing. So kind of those two books for increasing your efficiency and your productivity are kind of faint they’re game changers, and they’re fantastic for you to for your personal life and then also for your business life I’ve found.

Vikram:
And I want to share with your listeners who are obviously it’s a real estate look. There are so many different flavors of real estate. There’s single family, there’s multifamily, there’s commercial, like a retail space. There’s a medical office. There is office in general, there is industrial self storage and mobile home parks. You know, those are the big categories out there. And then there’s all over like, you know, buying nodes and things like that. Everyone thinks that you need to start with multifamily and single family and then go on to whatever the next thing is. There’s no rule set rule, choose an asset class that either you have a mentor, it choose an asset class that maybe you have access to, or you have an unfair advantage in and go after the asset class, but try to master one asset class before you go to too many others.

Vikram:
I see a lot of people dabbling in this and this and this, and I’ll be getting guilty of it too. Like up three years ago, the CBD thing was crazy though. And you know, even though we are pretty much about that family investment firm, you know, we’re like, oh, should we do a CBD project? Do I need to buy into this hemp farm? And you know, or should I, should I focus on crypto and then go back to multi-asset? You know, the key is, look, there’s so many shiny objects that focus on the asset class that you have the most success with, or you’re very good at, or you were very attracted to, and you’re willing to put the time, energy and effort and master that once you master that, and if you want to diversify, then so-so do it.

Charles:
Yeah, that’s awesome. The other thing too is that is the shiny penny and shiny object. Anything is with what we are now with social media and your phone and everything beeping, and Chi-Ming every second, it just makes it even harder. Cause I’m like, oh wow. Someone tells me I made all this money with crypto or something like this. And you’ve been working for a year and a half learning to multifamily business. And now you, you want to change positions and go somewhere else. You know what I mean? And I think that’s something that comes up for all entrepreneurs and especially with so many different asset classes cause your appeal, oh, I started multifamily. Then I want the self storage. Then I want to hear, well, that person mastered multifamily. Then they went over here and they started doing deals here and maybe they still do deals back here, but it’s something where, you know, focus is power and knowing where you want to go and having a plan to get there and in spending time to do it.

Vikram:
Absolutely man, that’s, that’s, that’s exactly the keys to the kingdom right there.

Charles:
So say someone is currently working full-time and wants to start investing in real estate. What would you suggest to them?

Vikram:
Figure out what asset class do they want to invest in and really learn about it and then become a very good passive investor. And what I mean is to elevate yourself from a passive investor. So even a sophisticated investor. So you know, there’s like people talk about these levels of investing. So level one, investors, essentially, they’re not investor they’re, you know, they’re essentially in debt level two investors, okay, Hey, I’m starting to throw some money into stocks, stocks, and mutual funds, but I really have no idea what I’m doing. Level three investors, okay. I’m studying, I’m understanding. And I have some kind of business system or plan on investing somewhere, a level four investors, a smart investor. They, they have, maybe they invest in like five syndications. They really understand the syndication game or they’re really into self storage or they’re really into, you know, some asset class and the learning and left to where they’re asking the sponsors of the deal, really good questions and they’re vetting them out.

Vikram:
And eventually you want to be like, what? Me and you are Charles we’re level five investors. We’re capitalists. We actually create the investment that other investors invest into. We were the ones who fly with the sec saying, Hey, we’re, we’re, we’re a securities now. So that’s the level of investments and, and I encourage your listeners to start a rise up that ladder. We all start at the bottom and we work our way up. So choose an asset class become very good at it and become what I call a sophisticated investor where not only are you accredited and you can, you have the financial green light or a stamp of approval investment, you actually become very sort of a mini master of it. And you understand it all. You know, I have friends who, all they do is invest in the ATM’s ATM funds.

Vikram:
I have friends who just do industrial, so it doesn’t matter what you choose, find something that is really appealing to you. And right now, if I could just speak a little bit on economic cycles the two asset classes has done the best during that pandemic are industrial and multifamily. And, and I’ll tell you why. I know that this, because I used to compete with maybe 15 groups for a deal, I just was an, a best and final deal in Tampa. And there’s 50 groups competing for that deal. It was a 360 a unit deal, 50 offers. They cut it down to 30 and now invest in final there’s I think like 20, and then there’s going to be another best and final it’ll be 15. So it it’s, it’s ludicrous what’s happening is all this money from other, other places dumping into with that family. So it’s just something to think about.

Charles:
Yeah, no, that’s, that’s crazy. I mean, these areas, these hot areas are just blowing up. We’ve we’ve lost out on best and final. On another property, we were looking at it about two weeks ago. So it’s back to the drawing boards on that. But so for the mindset of going from a W2 employee to a real estate investor what would you suggest someone to do other than read rich dad, poor dad,

Vikram:
Right. So the goal guys is to go from your W2 to a K one. That’s always the goal you want to go from taking your earned income and converting that to portfolio and passive income. How do you do that? First? If you’re accredited, you got a lot more options. If you’re not accredited, don’t worry. I’ll still give you some options right now. There’s things like yield street. These are like crowdfunding websites where you can actually invest a fractional amount into these deals and start earning passive income today, or probably by the end of the week. So fun rise, yield street. Those are the two ones I know crowd street. I think real to mobile. There’s a couple of them out there. So they have optionalities where you can invest just like a stock. You can invest a thousand dollars, $5,000 into real estate that’s for yielding passive income and things like that.

Vikram:
Next, if you want to start thinking about maybe owning your own home, consider a turnkey investing there’s companies out there that’ll essentially for, for a nominal fee they’ll pre-screen that are ready to go turn key. They already have a tenant in place. You have to just provide the down payment. They even have the lending set up too. So now you have a single family home, that’s earning a certain yield and you own it. So you’re actually becoming an investor. And so that’s another way of going about it. The other way is maybe partnering or JV, you know you can, in a syndication, you can be a limited partner, but if you have, let’s say you have a good amount of net worth. Maybe you can help sponsor a deal. There are a lot of people out there that are very smart and they know real estate, but they don’t have a network.

Vikram:
And so you have the net worth, you can give that to them, you know and also this obviously again, education meetups real estate meetups are a great place to learn about different real estate opportunities webinars real estate REIAs real estate, investment association, meetings conferences like going to multifamily conferences and learning about either investment opportunities or learning about how to learn the, the business side of it, if that’s not your interest. So in this day, and then for people who are probably less into multi, but more to single family homes, I, I still think bigger pockets. It’s such a great resource for sort of a base level education that says it’s essentially Facebook for real estate, and it really will get you to sort of that sophisticated level in most real estate asset classes.

Charles:
Yeah. They have sections on that website for pretty much every type of asset class and all different and every type of strategy too, for purchasing, renting, managing it, whatever else you’re doing. But awesome. So what mistakes do you commonly see real estate investors make

Vikram:
Waiting to get started and waiting to waiting to make their first mistake. Mistakes are the tuition for greatness. So you gotta get out there. You gotta get in. And that the key is if you study enough and you go, we’re all gonna make mistakes. I don’t care how many books you read and how many podcasts you listened to, or, you know, what conference you’ve been to the key is the smart investors make small mistakes. The, the stupid investors are the ones who are uneducated, make big mistakes. That’s the thing. So you know, I’ve made mistakes multifamily, but in my worst deal, I’m going to give my investors maybe a 10, maybe 12% return, but, you know and it was great because yeah, I wish I could give him more, but that one deal, I learned so much that my next seven deals have been, you know, off the route profitable, you know, it’s off the charts profitable.

Vikram:
So you learn so much on these things, but if you want, don’t want to make mistakes, then then what you’ll do is you can exchange the price of paying a mistake for the price of paying for a coach or mentor or a co course or conference, because what happens is, is you’re shortening your learning curve. But what then happens is you’ll make higher quality mistakes later on because at some point you go, you out learn the mentor, the coach, and then you have to keep moving. So it’s okay to make mistakes. One learn from them to minimize the size of the mistake and three never make the same mistake twice. And again, shorten the learning curve with using coaches, mentors, or people who’ve already been there. Done that.

Charles:
Awesome. That’s fantastic advice. So as we’re finishing up here, what do you think are the main factors that have contributed to your success?

Vikram:
Yeah. my top five were this you have to learn beyond what you’ve been taught in school, right? So my education started after I finished all my training. Learning real estate was a key piece of instrumentation. Next was being an insatiable reader, right? My, my being an insatiable reader and using audible. So any free time I have I’m, I’m leveraging that and, and learning while I’m doing something else, whether it’s working out, whether it’s walking, whether it’s doing things next is marketing. This is something that most people don’t know, learn or, or think they don’t need to know, but becoming a thought leader, learning how to market learning, podcasting, learning learning how to raise capital from investors engaging brokers, learning how to become, you know, a leader in your industry is super crucial and it’s not taught in school. So you have to learn how to become a really good marketer. And then the final thing is a resilient mindset. It’s really knowing that look every couple of months you’re going to come up across a seemingly impossible wall, but realize it’s not a wall it’s just a plateau. And every time you think you’re hitting a wall, just realize it’s not a vertical wall. It’s just a horizontal plateau that you have to just go through when you do that, you’re going to be Uber successful.

Charles:
That’s fantastic advice. I love the marketing because if I ever speak to anybody that doesn’t know what they’re going to go to college for us, it just go for marketing. I mean, you’re never going to have a problem bringing more business or bringing more business, more sales into your business or into someone else’s business and trying to get a job from them.

Vikram:
Absolutely, man

Charles:
Before we finish up here, I just want to kind of circle back one thing we forgot you had this thing about the freedom and it was really cool that we were talking about before we hit record here. And can you go into that? Your I think it was the five different parts of freedom that you consider.

Vikram:
Sure. here’s, here’s sort of like my new sort of create for life. Charles it’s it’s it’s these, you know, I think freedom is what we all really want. Right? We want the money. Yeah, I get it. We want to be happy and all that, but it’s really just being able to do which one, how you want when you want. Right. So I’ve broken it down into something. What I call the five freedoms. And on top of that, I have another sort of litmus tests that sort of guides me on whether I should do something or not, and I’ll share it with your guests. So it’s really freedom is broken down to what I consider time, freedom, the freedom to do whatever you want whenever you want. However we want. And that’s very hard to do. I know millionaires and probably even billionaires who do not have time freedom.

Vikram:
So you want to have that next is geographic freedom. And this has been amplified by the pandemic. We’re at a juncture in life where if you play your cards, right, you can essentially work from anywhere in the world, whether you’re in the Maldives in Greece, whether you’re in Nashville, it doesn’t matter. If you can have a computer internet, a zoom connection, a phone, you can operate your business from anywhere, but can I have you built your business up to do that? Next is financial freedom. I think it’s absolutely important that we all attain a sense of financial freedom, where most of things in life are essentially taken care of. And now we’re going after big things for the sake of it, we’re going up to big charitable goals where we’re we’re, you know, we’re trying to help people around us. We’re, we’re trying to live these magic experiences of life.

Vikram:
I think it’s more about experiences at that point, because after your fourth Mercedes and your fifth million-dollar home, are you really going to be that intrigued by all of that? No, you want, you know, shark diving, you want to, you know, hot air balloon rides. You want to have like, you know why than that, but you want to do those kinds of things. Next is health freedom. I can’t tell you how many people I come across who are wealthy or successful, but they’re bloated, they’re fat. They have gas and bloating that cancer, they have a heart attack. They have blood pressure problems and that’s not okay. So I think you should start at work on anti-aging. You should have like a sort of a vitality. You should sort of work on your health span and your lifespan. And, and if you build that into your routine, that will amplify all your other goals.

Vikram:
And then finally, it’s sort of a freedom from stress and have sort of this Bulletproof mindset and the word I like to use, Charles, it’s literally nothing can phase you like, okay, I lost that on four deals. No worries, man. My, my, my, my wife’s so beautiful. My kids are, they love me. They give me a hug still when I come home and my parents are still alive. Thank God. And you know what? I’m going to go after seven more deals. And in fact, I’m going to, I’m going to blitz them. I’m going to preempt offer all good. So like, it’s, it’s nothing can really phase you. And like anytime a door closes, you know, that seven Morgan open. So having that kind of mindset. So I call these a five freedoms. And the final thing is a bonus as this guys, life is too short, and you should really think of it as either.

Vikram:
Life is a hell yes or life is a hell of note. So do you want to hang out with that friend that you don’t normally like, and the wife is annoying and it’s going to probably ruin your whole evening. That’s a hell. No, even though you could go and just be kind and just, just do it for the sake of appearances, you don’t have that much life left. So do things are really going to intrigue you. And if they’re not, if they’re sort of half, half that’s concerned, that’s sort of a no, that’s a nice way of saying no. So if you do more of this litmus test, if things, things should be there a hell. Yes. And if they’re not they’re automatically. Hell no.

Charles:
Yeah. I love it. I love it. The older I get, I always say that I’m, the more freedom is important to me versus the money. You know what I mean? Having the freedom and being able to do what you want, where you want when you want with who you want is is really why I’m in this business. And it sounds the same way for UVA.

Vikram:
That’s awesome, Charles, man. Thank you so much, man. This was awesome. So

Charles:
Before you go, how can I learn? How can our listeners learn more about you and your business?

Vikram:
Sure. All the usual channels I’m on Instagram, but I’m mostly biking on Capitol and also our website for biking. Capital’s biking cap, llc.com.

Charles:
Okay. I will put all those links into the show notes. So thank you so much for coming on Vick and looking forward to a meeting up with you once we start traveling again,

Vikram:
Sure, Charles. Awesome.

Charles:
Talk to you soon. Bye bye.

Charles:
Hi guys! It’s Charles from the Global Investors Podcast. I hope you enjoyed the show. If you’re interested in get involved with real estate, but you don’t know where to begin, set up a free 30 minute strategy call with me at schedulecharles.com. That’s schedulecharles.com. Thank you.

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Links and Contact Information Mentioned In The Episode:

•  Viking Capital Investors, LLC 

About Vikram Raya

Vikram is the co-founder and managing member of Viking Capital Investments, LLC (Viking Capital). Prior to forming Viking Capital Investors, LLC. Vikram was the Co-Founder and CEO of Dare Investments, where he was instrumental in the start-up of real estate investment firm, acquiring numerous single family and commercial assets across Georgia. Years of real estate investment experience in single family, multifamily, and commercial properties. Works as a cardiologist in DC. Serial entrepreneur. Strengths include raising capital and strategic acquisitions, asset management. Vikram received a Bachelor’s Degree from Emory University; Medical Degree from Medical College of Georgia. He is focused on Syndication strategies, Multifamily Investing, and Asset Management. He is a member for DC REIA Chapter. Vikram has competed in Tough Mudder, Spartan Races, avid traveler and adventurer. He is also CEO of Vitology Institute a dynamic wellness center in Tysons Corner, VA.

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