Ike Mutabanna is a real estate entrepreneur and the president of Dallas, Texas based IHM Business Group. Ike also hosts the successful podcast, “The Side Business Show,” where listeners learn how to grow their wealth through running a wide variety of side businesses.
Over the last 15 years Ike has spent time as co-founder, president and CTO in a variety of startups and turnaround companies. He’s originally from India where he attended the University of Bombay, India and earned his BE degree. Ike also has a MS degree in Engineering from the University of Cincinnati.
Ike is an active commercial real estate investor and multifamily syndicator. In his downtime you will find Ike pursuing his newfound passion for mountain climbing, having recently started training for technical climbs on rock cliffs.
The 3X advantages of syndication versus single-family investment:
1) Risk diversification is much better in a ten-unit apartment building versus three single-family houses.
2) Economies of scale is better in terms of net income. The more net income allows you to hire property managers, allowing you to focus your time and energy on further investments.
3) Value appreciation - you have the ability to force appreciation with creative strategies to increase rent and overall income and push the value of your properties.
Favorite quote: “When you want something really, really bad and you take the action to achieve it, the universe comes together to help you achieve it.” The Alchemist - Paulo Coelho.
Check out The Side Business Show podcasts and contact Ike here:
Thank you Ike for taking the time to share your story and business insight with us.
© John Carney 2017