Iqbal (Ike) Mutabanna is the CEO of 110 Equity, owning and operating multifamily and commercial real estate assets. Currently, Ike’s portfolio includes over 1,300 multifamily units representing over $270M in assets under management. His deal completion history includes over 2,500 multifamily units in Texas, Florida, and North Carolina. Ike has also invested in industrial and office properties, as well as in specialized infrastructure development projects across the sunbelt.
Prior to his investment venture, Ike was a C-level executive with expertise in building marketing and customer research tech products. He holds an MS in Electrical and Computer Engineering with a specialization in mathematical modeling and optimization problems.
In today’s conversation, Iqbal shared insights on scaling in commercial real estate and overcoming the obstacle of raising capital, the importance of transparency, and how he raised $500,000 to $10,000,000 from the same group of referrals. He also touched upon the topic of branding on the go and provided insights on what to look for in today’s market.
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Scaling through Trust
00:00 Iqbal’s background and origin story;
04:16 Scaling in commercial real estate;
06:28 Overcoming the obstacle of raising capital in early deals;
19:58 The first capital raise ~ transparency;
17:24 $500,000 to $10,000,000 from the same group of referrals;
21:15 Branding on the go;
23:28 What to look for in today’s market;
27:14 Round of insights;
Apparent Failure: Unexpected things that hit two of his projects
Digital Resource: Various online resources
Most Recommended Book: How to Win Friends & Influence People
Daily Habit: Meditation
#1 Insight for Multifamily Investing: The focus is on trust, especially in today’s market.
Best Place to Grab a Bite to Eat in Dallas: Indian Food
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