EP 94: From Chi-Town to National Multifamily Mogul with Van Sturgeon
In this episode, we have the pleasure of hosting Van Sturgeon, an extraordinary guest with a captivating immigrant story. Van shares his journey, starting from humble beginnings, and the challenges he faced along the way that ultimately led him to the remarkable success he enjoys today. As an experienced entrepreneur with over 30 years of expertise in the real estate industry, Van has established a diverse portfolio of businesses encompassing land acquisition, development, management, construction, and renovation. With personal ownership of over 1200 properties across North America, Van is deeply passionate about assisting real estate investors at every stage of their development, from first-time buyers to seasoned multifamily investors embarking on renovations or value-add projects.
We delve into his forward-thinking perspective on the future of commercial real estate, construction and development, discussing how he effectively navigates market changes while maintaining resilience. Drawing from his own experiences, he offers actionable insights and strategies to overcome challenges and make confident strides in the exciting world of real estate investing. Tune in to gain a wealth of knowledge and inspiration from Van's remarkable journey and expert guidance, empowering you to thrive in the realm of real estate investing.
💥💥 Remember, this is your MBA. Have a notepad handy, and get ready to take some 📝 notes!
Key Points from This Episode:
A brief background on Van and his first taste of real estate in the late '70s.
The ‘80s crisis effect on his parents’ apartment building.
What project launched Van into real estate in 1991?
Van’s projection on the future of office spaces amid the impact of the Covid-19 pandemic.
How Van is running his ship and what projects he is currently involved in.
Van's primary market focuses are Detroit, Cleveland, Moncton, and Tampa.
Van specializes in Class C assets and value add renovations.
Currently, Van is engaged in joint ventures for 1,223 units and undertaking approximately 150 flips per year within the Cleveland area.
Van's advice for aspiring real estate investors struggling with fear or analysis paralysis.
Tweetables:
“When we are going into this business it can be wonderfully rewarding, but it can hurt if you don't plan and strategically identify assets properly.” –Van Sturgeon
“Having somebody that can kind of mentor you and show you what they've gone through, so that you’re able to implement the things that you need in your life to be able to avoid or identify those obstacles or bumps along the road is incredibly invaluable.” –Van Sturgeon
“What doesn’t kill you makes you stronger.” –Van Sturgeon
“How do you get the experiences and knowledge that come with years of going through it (real estate investing) and seeing it actually. You can't watch a YouTube video, you can't read books on it, you got to be in it sometimes.” –Van Sturgeon
Resources
About Van Sturgeon
Van Sturgeon is an experienced entrepreneur of over 30 years, who has successfully created a number of businesses in the real estate industry that cover areas of land acquisition, development, management, construction and renovation. Van personally owns over 1,200 properties across North America and is semi-retired from the day-to-day operations of his businesses. Van is passionate about helping real estate investors in all facets of their development whether it is purchasing their first real estate investment, or a seasoned multifamily investor who is struggling through a renovation/value add project.
Van has been featured as a guest on over 100 podcasts such as Joe Fairless, Ken McElroy, Whitney Sewell and Rod Khleif, and has had his written articles featured on a number of publications across the country like the Los Angeles Tribune, Yahoo News and the Belmont Star.
==============================================
The education we provide is sponsored by Lehigh Valley Fund. The fund earns returns through real estate investing and pays inventors an average 10% return with a 12 - 18% target*
Click here to book Fund Manager Tejas Gosai.
Contact Jerna Bentilanon to schedule a visit to our offices or a tour of one of our properties: j.b@lvpefund.com, 610-230-7777
==============================================
Please subscribe to the Real Estate Investor MBA Podcast on the following platforms:
iTuneshttps://www.linkedin.com/company/realestateinvestormba-com
Spotify
Stitcher
iHeart Radio
TuneIN
Google Podcast
🙌 If you like what we are doing and see that we are providing a lot of value, please be sure to leave us a 5-star review and positive comment. In doing so, this helps us continue to attract the highest quality type guests to interview and for you to listen to.
Check us out at our new website at: https://www.rei.mba/
Follow us on Social Media:
✔️ YouTube
✔️ Facebook
✔️ LinkedIn
✔️ Instagram
✔️ Twitter