Episode Description
In this episode of Multiple Perspectives, guest co-host Daniel Brereton welcomes Vikram Raya, founder of Viking Capital, to discuss how high-net-worth professionals can leverage the emerging build-to-rent (BTR) strategy in real estate investing. Vikram shares how physicians can create passive income without leaving their medical careers, explains how to evaluate real estate sponsors, and outlines the market factors driving BTR growth. Tune in to learn how to diversify investments, time the market effectively, and build long-term financial freedom.
What You'll Learn:
Vikram Raya, a former cardiologist, is the founder of Viking Capital, specializing in multifamily and build-to-rent real estate investments. He also created LimitlessMD to coach physicians on transitioning to entrepreneurship and real estate. With over a decade of experience, Raya has scaled from single-family homes to $60 million development projects. Combining medical and investment expertise, he helps high-earning professionals diversify their income and achieve financial freedom while maintaining work-life balance through strategic coaching and real estate ventures.
Episode Highlights:
Vikram outlines three essential criteria for evaluating potential real estate investment partners: honesty, methodology, and longevity. Successful sponsors demonstrate transparency about past performance and challenges while maintaining strong investor communication throughout market cycles. Their methodology should include clear strategies for managing adversity and protecting investor interests over the long term. Professional investors should seek partners with proven track records across multiple market cycles and a demonstrated commitment to delivering investor success. High-net-worth professionals must conduct thorough due diligence on sponsors' past performance and operational capabilities. The combination of these factors helps ensure alignment with investment goals and risk management strategies.
Episode Resources:
What You'll Learn:
- How the Build-to-Rent strategy offers unique advantages in today's market
- Why BTR communities create operational efficiencies
- The "Three Pillars of Trust" framework for evaluating real estate investment sponsors
- How physicians can supplement high-earning clinical practice with passive real estate income
- Why development strategies may outperform value-add investments
- How to balance portfolio diversification with specialized expertise in real estate
- The demographic and economic factors driving BTR demand in growth markets
Vikram Raya, a former cardiologist, is the founder of Viking Capital, specializing in multifamily and build-to-rent real estate investments. He also created LimitlessMD to coach physicians on transitioning to entrepreneurship and real estate. With over a decade of experience, Raya has scaled from single-family homes to $60 million development projects. Combining medical and investment expertise, he helps high-earning professionals diversify their income and achieve financial freedom while maintaining work-life balance through strategic coaching and real estate ventures.
Episode Highlights:
- 04:25 Build-to-Rent Strategy: The Evolution of Rental Communities
- 09:14 Three Pillars for Evaluating Real Estate Investment Partners
Vikram outlines three essential criteria for evaluating potential real estate investment partners: honesty, methodology, and longevity. Successful sponsors demonstrate transparency about past performance and challenges while maintaining strong investor communication throughout market cycles. Their methodology should include clear strategies for managing adversity and protecting investor interests over the long term. Professional investors should seek partners with proven track records across multiple market cycles and a demonstrated commitment to delivering investor success. High-net-worth professionals must conduct thorough due diligence on sponsors' past performance and operational capabilities. The combination of these factors helps ensure alignment with investment goals and risk management strategies.
- 27:38 Building Effective Teams for Scale and Growth
Episode Resources:
- Multiple Perspectives is brought to you by https://equitymultiple.com/
- Vikram Raya on LinkedIn
- Viking Capital Website