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March 5, 2025 • 39 mins

šŸŽ™ļø Welcome to the Real Estate Pessimist Podcast—the good, the bad, and the truth about real estate investing!

In this episode, Kristi Kandel and Erik Stenbakken sit down with Vish Muni, a seasoned real estate investor, obstacle race enthusiast, and mindset powerhouse from Austin, Texas. Vish shares his journey from starting small with duplexes to navigating complex commercial deals like TripleNet leases and industrial outdoor storage.

What You’ll Learn:

šŸ’Ŗ The Power of Persistence: Vish’s story of overcoming rejection from 12 banks before landing his first deal—and how perseverance unlocked the door to his real estate career.

šŸ˜ļø From Duplexes to Syndications: Why scaling up doesn’t always mean success and how Vish shifted his focus back to cash flow and value.

šŸƒ The Mindset for Success: How Vish applies lessons from Spartan Races to real estate investing—embracing failure, adapting to challenges, and focusing on the long game.

šŸ¢ TripleNet Leases & Commercial Real Estate: Why Vish transitioned to industrial outdoor storage and medical office spaces and what he’s learned about negotiating with national tenants like Starbucks.

Featured Highlights:

šŸ’ø The mistake that cost Vish $10,000 on his first duplex—and how he turned it into a six-figure profit.

🤯 Why real estate is less about owning 1,000 doors and more about maximizing the cash flow behind them.

šŸ¤ How relationships with regional banks and real estate lawyers gave Vish a competitive edge.

šŸš€ The importance of playing your own game and not getting distracted by social media highlight reels.

Key Takeaways:

1ļøāƒ£ Stop pleasing others—focus on your own goals and what makes you happy.

2ļøāƒ£ Build relationships with bankers, attorneys, and mentors who can guide you.

3ļøāƒ£ Be adaptable and prepared—success in real estate requires constant learning and pivoting.

4ļøāƒ£ Real estate isn’t about quick wins. It’s a long game where persistence and strategy lead to freedom.

Connect with Vish:

šŸ“² WhatsApp: (254) 444-7300‬

šŸ’¼ LinkedIn: Vish Muni

šŸ“ø Instagram: @munivish


Want to become a STR Expert with Erik’s help? ⁠https://eriks-academy.teachable.com/p/str-in-an-hour⁠ 


Ready to go from podcast listener to Local Developer with Kristi’s guidance?

Whether you're just getting started or ready to go all in, we've got the tools to help you build what matters in your own backyard.


→ Programs & Resources:⁠ https://www.localrealestatedeveloper.com/⁠

→ 90-Day Masterclass:⁠ https://www.localrealestatedeveloper.com/build-it-course⁠

→ Apply for the Mentorship Program:⁠ https://www.localrealestatedeveloper.com/dev-mentorship⁠


#RealEstatePessimist #RealEstateInvesting #PersistencePaysOff #MindsetMatters #TripleNetLeases #BuildingWealth #PodcastEpisode

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