#57. Igor Shaltanov—Building Wealth through Real Estate: The Benefits of Investing in Multifamily Properties
In this conversation, Rob Chevez interviews Igor Shaltanov, a former water polo player and now a real estate investor. Igor shares his journey from growing up in Russia during the transition from the USSR to the new Russia, to becoming a professional water polo player, and eventually moving to Southern California. He discusses how his background in sports taught him resilience and the importance of never giving up. Igor also talks about his transition from being a coach and business owner in the sports industry to becoming a real estate investor, and how he started buying and remodeling properties for rental income. Igor Shaltanov shares his journey from investing in single-family homes to syndicating apartment complexes. He discusses the challenges and benefits of syndication and the importance of finding the right operators. Igor emphasizes the goal of financial independence and the ability to make choices based on passion rather than survival. He also highlights the non-material rewards of helping others and making a positive impact. The Avista Fund, which Igor co-founded, focuses on investing in multifamily properties and diversifying by location, management group, and asset class.
Former pro athlete Igor made the transition from Southern Californian entrepreneurship to multifamily investing. He started by acquiring single units of real estate and self-managing these properties. However, managing all of the units on his own became increasingly burdensome and labor-intensive.
Recognizing that this approach was not scalable, he pivoted towards larger apartment buildings with over 100 units. This shift opened up opportunities for retail investors, ultimately leading to the launch of the Avista Fund which he cofounded with Nikita.
Listen to the episode on Apple Podcasts, Spotify, Overcast, Stitcher, Castbox, Google Podcasts, or on your favorite podcast platform.
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