Multifamily Real Estate Investing: Risks, Rewards, and Getting Started with Veena Jetti

Eric Brotman [00:00:01]:
Welcome to Don’t Retire, Graduate, the podcast that asks you what you wanna be when you grow up so you can graduate into retirement with a purpose and with a passion. I’m your host and valedictorian, Eric Brotman, and we’re excited to be bringing season six to our growing audience. We’ll be bringing you interviews with amazing guests every other Thursday and on alternating weeks, we’re hosting a new segment called diary of a financial advisor, which we know you’ll all enjoy. So please subscribe, leave reviews, check out our all new episodes every Thursday. And thanks for joining us today. Today, I’m pleased to be joined by Veena Jetti. Veena is the founding partner of VIVE funds, a unique commercial real estate firm that specializes in curating conservative opportunities for investors. She brings a dynamic perspective to targeting, acquiring, managing, and operating assets using best practices combined with cutting edge technologies.

Eric Brotman [00:00:53]:
And her professional expertise includes driving corporate strategy and business development opportunities. And we’re excited to have her on our show. Fina, welcome to Don’t Retire, Graduate.

Veena Jetti [00:01:03]:
Thank you for having me. I’m so excited to be here.

Eric Brotman [00:01:06]:
This is going to be very, very interesting because your space is one that financial advisors wrestle with because a lot of financial advisors do not have the technical expertise in the real estate world. And interestingly, a lot of, investors particularly do it yourselfers favor real estate over some other things. So there’s a, sometimes a conflict between what do it yourselfers are doing and what client advised or advised clients are doing. And so I’m hoping we can break that down and but but I wanna begin with your background and and how you got into this business.

Veena Jetti [00:01:41]:
Yeah. Thank you. I think that this is absolutely an important discussion and conversation because I echo this experience, so I’m excited to dive into that. As far as my background, so I am an accidental private equity fund manager. I did not think that this is what I was gonna be doing. If you ask me when I was a kid, this was not what I had in even in my top 10 list. And so I graduated from the University of Illinois in Chicago at 20 years old with a degree in finance, and my mom said, hey. Come work at the family business because she’s a single family investor.

Veena Jetti [00:02:18]:
She had a very successful investment career. And I said, okay, mom. I’m an adult, and I have a degree. I’m gonna go do something that is completely different, and I’m not gonna come work for you. And I went out into the corporate world and ended up in corporate real estate and worked for some of the largest companies in the world. My most recent corporate gig, I left in 2012 at Tishman Spire. And, you know, they’re a multibillion dollar real estate, private equity company. And so, started there, learned very quickly I’m not a very good worker bee, and so I had to leave corporate America to start my own company, started in single family investing like many people do because I just didn’t know that Veena Jetti could own multifamily.

Veena Jetti [00:03:08]:
I thought only, like, Oprah and Jeff Bezos and Elon Musk and, like, all of these billionaires could own it. I didn’t think people like me could. And so, I had a friend who reached out to me and said, hey. Let’s buy a multifamily complex. And I was like, yeah. What could possibly go wrong? What do you mean? He’s like, I have this 200 unit deal in Dallas, Texas. Let’s go buy it. And I was like, yeah.

Veena Jetti [00:03:33]:
Okay. So, that was my first deal. It ended up being the hardest deal I ever did, but also was very lucrative, very profitable. And once that world opened up to me, I just kept going. And now we’ve done over a billion dollars in multifamily transactions.

Eric Brotman [00:03:50]:
That’s amazing. Although I don’t think you’ve been completely honest with us. I know when you were eight and someone said, what do you wanna be when you grow up? You said, I’m thinking about private equity. I’m gonna manage real estate. I know that’s what really happened. So if you would just be honest with us, we could have a much better conversation.

Veena Jetti [00:04:06]:
Alright. I’m gonna You want the omnisetroute.

Eric Brotman [00:04:08]:
Yes. No. I wanna know that seven.

Veena Jetti [00:04:11]:
I decided to be a private equity fund manager.

Eric Brotman [00:04:14]:
Yes. Everyone else was saying ballerina, astronaut, you know, professional athlete, but no private equity manager. So, you know, real estate is something that, that, I encourage people not to dabble in. It like anything else. Real estate’s a business. It’s an industry. It’s not a hobby generally. And I think if we learned anything in 02/1989, it’s that real estate, doesn’t always go up in value.

Eric Brotman [00:04:42]:
We we’ve had some really good runs with low interest rate environments and, and some things, but, and, and, you know, the argument always was, well, they’re not making any more land, which, okay, that’s true. Land is finite. Although zoning is not. So what do you say to folks who who think that real estate, either they have a short memory and think real estate only goes up, or they have a long memory and are totally afraid of real estate because of that experience? I mean, you have two different folks based on generation, I would think.

Veena Jetti [00:05:10]:
Yeah. So I actually disagree with you a little bit. So I I do say real estate always goes up. And what I mean by that is if you look historically over long periods of time, the trend is upward. Right? Like, yes, there are blips. Yes, there are downturns, and real estate is cyclical. But when we say it always goes up, we mean over long periods of time. And I think you’re exactly right.

Veena Jetti [00:05:35]:
People try to dabble in real estate. Right? Like and I I started the same way. I watched fix or flip and I saw my mom doing all this single family and I was like, Oh, I’ll just do this part time on the side. It’ll be great. And I’ll go on vacations all the time and live this lifestyle that’s going to be paid for by my passive income in real estate. Very common story. However, that is not how it actually works. And I think the people that always get burned the most in these downturns, like we saw in 02/2008, we’re in the middle of one right now.

Veena Jetti [00:06:08]:
The people that get burned are the ones that I like to call them real estate tourists. Right? They’re here because it is shiny. Everything that glitters is gold without really understanding the underlying fundamentals. And, look, most investors right now are facing some sort of hardship across our portfolio and us included. Right? Like, we’re seeing less deals than we have ever seen. We’re doing less transaction volume than we’ve ever done before. Cash flows constrain. Cap rates are expiring.

Veena Jetti [00:06:40]:
So there’s a lot juggling, and all or sorry, rate caps are expiring, cap rates have expanded. So there’s a lot of different forces happening, and we’re starting to see the result of that now in the market. So when someone comes to me and says, I don’t like the risk of real estate, I always ask them what they mean by that. Like, why don’t you like the risk of real estate? Usually, it’s because there’s a knowledge gap and there’s a time in management issue. Right? It takes a lot of active management to manage real estate. I have an entire team across our portfolio that manages our real estate. We have analysts. We have CFOs.

Veena Jetti [00:07:14]:
We have investor relations coordinators. We have admins. We have property management. So we have a lot of different individuals that make this work. It’s not me waking up going, oh, I think I’ll buy an asset today and then hoping for the best. We have to underwrite. We have to perform due diligence. We need to be up to speed on what capital markets are doing, what is available out there.

Veena Jetti [00:07:34]:
So I think it is a misnomer for anybody who says I want mailbox money by being an active investor. That’s where we come in. Right? The passive side. So our investors are entirely passive. Once they decide to invest with us, they don’t do anything else. Like, they don’t worry about how many leaky toilets there are. Right? Our property management does that, and we manage the managers. So I think it really depends on the the level of effort you want to put in and what kind of return you’re seeking.

Veena Jetti [00:08:04]:
If you’re seeking a double digit return and you don’t want very much work, then sure, being an LP makes sense. If you want, like, a 20%, thirty %, fifty % return, which is possible with the asterisk of none of these returns are guaranteed. But if you want a higher return, then you need to be an active investor, and that takes a full entire business plan and business model. And it’s a career. It is not something you dabble in.

Eric Brotman [00:08:31]:
So so you you said an awful lot there that makes sense to me. So even though we started with a disagreement, I think there’s more harmony than disharmony. I I will say that that the reason why professional investors like yourself eat the you call them Taurus for lunch is because you can wait out these blips. I mean, you have the resources, the depth, the experience, the history at the patients, the knowledge, and hopefully, the team to to ride this out. Whereas people who dabble or people who think I can do this myself are are much more prone to panic. You kind of remind me, I think you might be the Warren buffet of real estate. So I’m very excited. We talked about Elon Musk.

Eric Brotman [00:09:13]:
We talked about Jeff Bezos, but I’m getting a Warren Buffett thing here because he always said, you know, be greedy when others are fearful and fearful when others are greedy. You can’t do that if you’re in the hoard, that’s going to be fearful at the same time. And those are the folks who get trampled by folks who know what they’re doing. And I’m I’m making you the trampleer, not the tramplee in that conversation. But

Veena Jetti [00:09:33]:
I’m the aggressor.

Eric Brotman [00:09:35]:
Well, I mean, but but but, I mean, first of all, that’s capitalism. You know, I I I do not invest in real estate in the way that, that you do. I certainly have some investments and, and own some property, but, but, you know, I typically am looking to buy and hold and I’m, and I do not have, I’m not a landlord to anyone. And that’s been my, that’s been my decision. I will say that when I bought a second home, I bought it, in the wake of the 08/2009. And I, I feel like I stole it from somebody. I almost feel badly except that it was a willing buyer willing seller situation, but I, I bought it for a song, and it is a spectacular place, and and we enjoy it all the time. So, you know, is it predatory or is it just good business? I I guess it’s mostly just good business, but it’s also opportunistic.

Eric Brotman [00:10:22]:
Yes?

Veena Jetti [00:10:24]:
Yes. It’s opportunistic in one light. Right? In the other light, you’re also solving a problem for someone who has a pretty big problem. Now I think I think we’re talking about, like, more the ethics of real estate investing now, which I actually really like this topic because I think it’s not talked about enough. And I think, actually, this is a really good time to be bringing up because I’ve been talking about this on my social media a lot is in the wake of the California fires that are happening. I every time there is a major natural disaster, you will always see the unethical real estate investors who come out and go, your house just burned down. Let me make you an offer for your land while you’re still driving to safety. That is, yes, it’s opportunistic, but it’s unethical in my opinion.

Veena Jetti [00:11:11]:
And Mhmm. I know there are people that are oh, but I’m solving a problem for them, and they might not wanna worry about that. No. You’re not. You are taking advantage of someone who is in a vulnerable state, and that is not acceptable. When we’re talking about the 02/2008 crash, right, and we were in the market then, my family has been in the market for thirty plus years. So we have a lot of familiarity with all of these different market cycles that we’ve experienced. And what I would say is after 02/2008, if you have a willing seller who is not in some kind of major chaos or distress outside of having probably made a bad decision or, maybe not, like, a well thought out investment decision and is looking to liquidate and make it as painless as possible in the circumstance, I think you’re solving a problem for them.

Veena Jetti [00:12:02]:
And that’s part of why we can make money in real estate is because it’s just such a fragmented and desegregated industry that there’s there’s a lot of friction points and a lot of inefficiencies, and we’re really exploiting the inefficiency in the market more than anything else.

Eric Brotman [00:12:17]:
So I don’t know if, I don’t know how you feel about the various real estate sites that send you an estimate of your home’s value every say six weeks. I find it, I find it a little bit amusing actually that the value of my home goes up and down so much that it’s as volatile as it’s as volatile as any portfolio that I could own. You know, and I actually think a lot of homeowners and investors, if they did have to get a statement for their home every month would potentially be very nervous about it because it does look like if you’re dealing with comps, you’re dealing with your next door neighbor just sold under duress and it makes your property less valuable temporarily. But this is a lot of this is, is single family stuff. The, the multifamily, I think, really over the last decade has become a big deal, partly because it’s getting more and more difficult for individual consumers to buy homes. So there’s been a need for apartments. And some of that is political. Some of it’s economic.

Eric Brotman [00:13:12]:
Some of it’s, just the the the state where we are. And of course, inflation over the last number of years has played a role in that and interest rates. It’s not as easy to qualify for a mortgage and it’s not as easy to get one favorably anymore. So when money gets more expensive, there’s less of it. Right. But on the multifamily side, there’s a there’s been a growing need for apartments. And, I guess, my thought is that I’ve always invested based on what I call the the taxi cab theory. And I know we have Ubers now and not taxi cabs, but my thought was whenever I was in the back of a cab, because I travel a lot and the cab driver started telling me about their tech stocks and it was 1999, I knew it was time to get out.

Eric Brotman [00:13:54]:
Yeah. When they were starting to flip properties in o eight, I knew it was not like, it’s almost like the writing is on the wall immediately when everyone’s doing it.

Veena Jetti [00:14:02]:
Yes.

Eric Brotman [00:14:03]:
So have we overbuilt apartments? Are we oversaturated? Is the next is the next wave of this potentially gonna be scary for investors?

Veena Jetti [00:14:11]:
No. We have not overbuilt apartments. And in fact, COVID, we still have a lot of lagging indicators from COVID for builds that were paused at that time, and we’re still trying to catch up to that. And despite all of the build that has been happening, at least in our markets and I I should say all of this is market specific. Right? If you’re gonna be investing in a market that is a declining population and there’s 4,000 new new units coming online, then, yeah, that’s probably a bad move. Right? So it’s very market specific and market driven. But generally speaking as, like, a broad topic, multifamily is still in very high demand. Absorption is we need more units actually.

Veena Jetti [00:14:51]:
We have a shortage of housing. And as you said, single family homes are becoming more and more inaccessible to the everyday American. And so a lot of people are turning to rental communities, rental homes, apartment complexes. And part of what’s driving the unaffordability in the single family space specifically is you have companies like Blackstone or BlackRock and, like, all of these major private equity firms. I’m talking billions of dollars. They have unlimited amounts of money. They’re going in and they’re buying single family homes, and they’re not buying one single family home that’s like a $10,000,000 home that you’re not buying. They’re buying 200 to $500,000 homes, and they’re buying entire neighborhoods at a time, which is driving the shortage for single family housing.

Veena Jetti [00:15:44]:
And we’re seeing an influx of people that would have otherwise maybe bought when interest rates were sub 3%. They were buying homes, and now they can’t afford to buy that same home because now interest rates are, what, like, 7%? I don’t know what it is in the single family space. Maybe, like, seven ish percent, six and a half. And to your point about valuation, it’s not valued based on the home. It’s valued based on what your neighbor decided to sell for in the last six months. And, you know, I have single family in my portfolio. I try not to, but I do. I accidentally buy a house every now and then.

Veena Jetti [00:16:17]:
And I’ve

Eric Brotman [00:16:18]:
never heard anyone say that to me before, by the way. No one’s ever accidentally bought a house. Like, sign here. Oops. But okay.

Veena Jetti [00:16:25]:
That’s, like, kind of what happens. I’ll I’ll

Eric Brotman [00:16:27]:
give you a pass. Are you literally signing whatever people put in front of you? Because if you are, I’m gonna send you a lot of mail. Okay. Good.

Veena Jetti [00:16:34]:
No. And I’m, like, the only person who reads everything. Like, I redline my rental agreement at, like, the car rental place. So I read everything. When I say I accidentally buy houses, I never, ever, ever intend to buy single family homes, like, ever. And then I’ll see a house, and I’m like, oh, you know, the fundamentals are really great. Like, let’s just go buy it, and then we’ll figure out what we’re gonna do if we’re I’m gonna manage it. And I always regret buying every house I buy because it’s not scalable.

Veena Jetti [00:17:05]:
It doesn’t scale. So, like, I bought a house that I got on a really great deal, and I assumed a two and a half percent mortgage or something crazy low. And it’s four bedrooms in Orlando, and someone else manages it. So I don’t really worry about it a whole lot. But, like, every time I have to even think about it, I’m like, what a waste of my time because it cash flows, like, a couple hundred bucks a month. It’s not it doesn’t scale well. And so that’s why I accidentally buy single family homes is what I would say.

Eric Brotman [00:17:41]:
So so if You know, it’s because if you’re accidentally doing this and every time it goes wrong, who is your accountability partner who’s gonna sit down and say, Veena, we talked about this. Stop it. Like, who’s this?

Veena Jetti [00:17:53]:
You know, it does just go wrong financially. So it’s hard to say, oh, okay. I shouldn’t have done that because, you know, we still make money from it. And but it’s just like I don’t like thinking about single family homes like that. I only like thinking about single family in the context of multifamily.

Eric Brotman [00:18:09]:
So so our audience is, is pre retirees and folks who are contemplating the next chapter of of their lives. Because, you know, I naturally encourage no one to ever sit around and watch daytime TV and and not be gainfully and and productive and so forth. But, a lot of folks don’t have, they’re like you were, which is, wait a minute. Can I can I really do this? Can I participate in this? And most, the vast majority don’t wanna do what you do for a living. I mean, let’s face it. That’s a, that’s a career and it’s a major operation. But for people who want to try and participate in this, but in a very passive way, that’s where firms like yours come in. Yes.

Eric Brotman [00:18:50]:
You you’re able to assist with the, relatively, I’m gonna call a small investor. And and, you know, I don’t know what you consider a small investor to be or or whether you’re looking for ultra high net worth families to participate or whether you’re you’re trying to build something that’s more accessible. Talk a little bit about, about that, about w it, is this for accredited investors? Is this only for people of certain means? Like how does that work? Everyday folks probably shouldn’t do this. Yes.

Veena Jetti [00:19:20]:
Yet everyday folks should not do this. If you’re not going to put in the dedication and hours and knowledge and just sheer blood, sweat, and tears it takes to do this. But to your point, you can participate as an LP or a limited partner. First and foremost, you know, I have to just say this disclaimer that we do not provide financial advice. I am not licensed to give you any kind of financial advice. And if you have a financial adviser, this is absolutely something you should be discussing with them because they have a holistic view on what your risk tolerance is, and there is risk in these investments. There you could lose all of your money without question that is on the table. And so I would say if you are interested in real estate, and these are very tax efficient investments because we do produce negative k ones for our investors.

Veena Jetti [00:20:09]:
What I would consider to be I I don’t consider any of our investors small investors. All of our investors work really hard for their money. And so whether they’re writing me a smaller check or a larger check, it doesn’t really matter. We treat all of our investors the same, so I’ll start there. Our minimum investment is a hundred thousand dollars. Now there are other firms, like our competitors and colleagues in this space. They sometimes will take, like, 50,000 or some will take 25,000. It just really depends.

Veena Jetti [00:20:40]:
I always recommend that you don’t take $25,000 investments because the administrative cost is just so high. It almost doesn’t make sense to do that. So I would say you’re looking at roughly a hundred k if you’re working with us. If you’re working with another company, probably around 50 k. And you really have no active responsibility, but this is a space where we are selling an exempt security. So this is not like when you go and buy a publicly traded stock on the stock market. Right? There is a certain level of transparency and accountability that you will find in publicly traded companies. In this phase, we we call these, like, PPMs private placement memorandums, and we do still have to follow securities rules.

Veena Jetti [00:21:24]:
Whether everybody does is a different conversation. But for us, the securities exemption that we rely on is the reg d five zero six c, which means that we can only accept accredited investors into our deals, and we do third party verify that. So your financial adviser, your tax strategist, your lawyer, someone is gonna have to tell us a third party is gonna have to tell us that you are an accredited investor. But there are also offerings under reg d five zero six b, like, boy, that other colleagues in the space will offer, and those are totally private. Meaning that I if I was running a five zero six b deal right now, I can’t get on here and solicit and tell you about it. You have to have a preexisting substantive relationship with me to get into those deals.

Eric Brotman [00:22:09]:
Wow. So there there is sort of a behind the curtain wizard of Oz kind of thing happening with some of these deals. I mean, this is a who do you know and and and and so forth, which it sounds like that’s not that’s not Vibe’s way. And that’s not the way you do business, but but they’re they do exist. And

Veena Jetti [00:22:26]:
Yeah. You

Eric Brotman [00:22:26]:
know, there’s there’s a certain there’s some public policy stuff here, and I and I, you know, I’m not Pollyannaish. Okay? I I I understand that that, and I’m a big believer in capitalism. I think it’s a a beautiful thing quite quite frankly. However, when when a BlackRock is buying full neighborhoods, I can’t imagine that’s in the public’s interest in any way, shape, or form to even allow that kind of thing. And I I know they’ll be angry if they hear this show, although I don’t know how much pull I have, Veena. But but is that from a public policy standpoint, is that a slippery slope? I mean, could we see zip codes owned by huge companies at some point where it’s like, like, I mean, did Disney owns Orlando? We know that, but are there other situations where, you know, literally a private equity firm could own, every every constituent of a post office.

Veena Jetti [00:23:17]:
I mean, yes. Yes. There are situations in which this is already happening. Also, I’d like to clear clarify for the record that I own one single family in Orlando, so Disney does not own all of Orlando. Okay. Everything except

Eric Brotman [00:23:31]:
for one house. You out. They could make you a ridiculous deal that would make you say, fine. It’s yours, and I’m out.

Veena Jetti [00:23:36]:
Yes. Disney, if you’re listening, please make me that offer because I am so out so fast. Just tell me where to sign.

Eric Brotman [00:23:43]:
Well, you just made yourself easy prey. They’re gonna lowball you now, but alright. Fair enough. I didn’t

Veena Jetti [00:23:50]:
say it’s gonna be stupid, but I am so willing to get rid of it.

Eric Brotman [00:23:53]:
Okay. Alright. Well, I’ve always wanted to move to Orlando. We’ll talk offline.

Veena Jetti [00:23:57]:
There you go.

Eric Brotman [00:23:58]:
So at any rate, from a public policy standpoint, you’re saying this is already happening. I am not hearing about this. Why am I not hearing about this? Why is this not making, why is this not newsworthy?

Veena Jetti [00:24:13]:
Because this is what private equity has always done. Right? And I think that I think people get outraged at smaller landlords for owning a commodity like housing, and I do understand what the concern is there. But I think on the other side of that is you are revitalizing a community. You are investing into a community, and that’s how we that’s the view we take. Like, this is someone’s home. I don’t know what’s more important than that. Right? Like, your children are going to be raised here. Your memories are gonna be created here, and that’s important work for me.

Veena Jetti [00:24:49]:
And if people like me don’t do this, who’s gonna do it? Right? And so I think that a lot of times, the concern, the anger, especially of millennials, Gen z, Gen Alpha, I guess, is the next one after that. The concern or anger is very misdirected toward small time landlords versus going and saying, like, hey, BlackRock, we don’t want you to deploy $10,000,000,000 into buying single family homes or, you know, maybe even demanding some kind of guardrails around that. I don’t actually know because I I too am a capitalist. Right? I’d I like to think of myself as a conscious capitalist, but I don’t know what the answer is. I don’t

Eric Brotman [00:25:39]:
know Interesting.

Veena Jetti [00:25:40]:
How you solve for that because the government intervening, I don’t think is the answer. We we see that already in section eight housing, and it’s, like, not great.

Eric Brotman [00:25:50]:
Yeah. No. The the government is never the solution to anything Yeah. Just to be clear. Government’s never the solution. But, but if if this kind of thing were making news in a way that was, objective, and I know objective and news don’t always go together and you sound like you sound like a proud Gen Xer. Are you a proud Gen Xer like me?

Veena Jetti [00:26:10]:
I wish I was a Gen Xer. I’m an elder millennial.

Eric Brotman [00:26:15]:
Ah, well, that explains so much. A millennial. Yeah. That’s that’s why we argue. Alright. So

Veena Jetti [00:26:20]:
Probably. I’m married to a Gen Xer though.

Eric Brotman [00:26:23]:
Well, and rightly so. We’re we Yes. We’re small, but we’re small but mighty. You Yeah. Tell them tell

Veena Jetti [00:26:28]:
them forgotten generation. Isn’t that what you guys

Eric Brotman [00:26:32]:
So gen X by definition, we were born between 1965 and 1980. We were completely unsupervised and it shows latch key kids. We literally raised ourselves. We were, ourselves. We were, the joke is that we were 30 when we were 12 and we’re still 30 in our fifties. It’s called arrested development. And I am very much the same as I was when I was 12, but with a little more money and a little more body weight and a little less hair. But other than that, I’m still 12 on some level.

Eric Brotman [00:27:02]:
So I could talk to you all day. This has been both informative and educational and also a lot of fun. I have to ask you an important question because I know you didn’t answer this properly when you were seven. So this is another chance. It’s a chance Okay. Being it to be it’s a chance to be honest with us too, because we know that that was a little bit questionable early on. And that’s Okay. What do you what do you wanna be when you grow up? What is what is this elder millennial states woman wanna be when she grows up?

Veena Jetti [00:27:30]:
Oh, gosh. This is such a hard question, because I feel I’m one of those people that I’m like, oh, if I really put my mind to something and I just never give up, I feel like I can accomplish it. So I actually I don’t know what I wanna be when I grow up because it’s just changed so much in the last few years itself. But I could tell you if I could do any job in the world, I get asked this relatively often. Like, if you’re not doing real estate, what’s the job that you would have?

Eric Brotman [00:27:59]:
Mhmm.

Veena Jetti [00:28:00]:
And I like, I know this in my soul of souls. I would do one of two I would wanna be one of two things. I wanna either be the person that names storms or the person that names nail polish colors. I don’t know which. But one of those two things.

Eric Brotman [00:28:19]:
I you know, as life goals go, that was, a unique answer. So I give you full credit for for thinking about that. I don’t know a whole lot about either of those industries. I don’t know how competitive it is to get into those. I know that whenever you buy whenever you buy paint or you buy something, you know, in various retail outlets, the name for the colors are are preposterous and someone’s being paid to do that. But, who knows, maybe it’ll be you. We’ll we’ll have to follow your career and see if that’s the direction it takes.

Veena Jetti [00:28:48]:
I have great confidence. Old age, I might do that.

Eric Brotman [00:28:51]:
Well, you’ve got a ways to go. So how can folks learn more about you and more about, about vive?

Veena Jetti [00:28:57]:
So you can go to our website, vivefunds.com, v I v e f u n d s Com. If you want to learn about investments and investment opportunities, If you want to connect directly with me, I answer all my own messages on Instagram. It’s the only place I respond to everything. So I’m Veena Jetti on all social media platforms, v e e, n like Nancy, a j e t t I. I.

Eric Brotman [00:29:21]:
Okay. Well, we’re we’re all gonna stalk you on Instagram, which sounds fun. I do have to ask you since I have you in the hot seat and we just saw your website on screen. What do you call that shade of purple for those buttons?

Veena Jetti [00:29:32]:
I would say that this is more of like a burgundy than purple, but but I wanna name it. Like, I want it to be a creative name.

Eric Brotman [00:29:42]:
So there there it is again. And you’re calling that burgundy. It’s like a bear. Burgundy.

Veena Jetti [00:29:47]:
More of a berry.

Eric Brotman [00:29:48]:
I’m going with boysenberry. I’m going with boysenberry. That’s that’s my that’s my final offer.

Veena Jetti [00:29:54]:
I think the I think a boysenberry is more blue.

Eric Brotman [00:29:58]:
Okay. Well, that’s that’s that’s okay. We agree to disagree. You millennials are impossible. Veena, thanks for being on Don’t retire, graduate. This was such fun. I thoroughly enjoyed it. I hope our audience will, will not only enjoy getting to know you, but take a look at some of the things you’re doing and, and your conscious capitalism definitely resonates with me.

Veena Jetti [00:30:18]:
Thank you. Thank you for having me.

Eric Brotman [00:30:20]:
I’d like to thank all of you for listening and watching today. If you enjoy our show, please subscribe, leave a rating on your favorite podcast platform and share it with your friends and family so they can join you on your journey to financial freedom. If you’d like to send us a topic or idea you’d like to discuss in a future episode of don’t retire graduate, please post it on our Facebook page or tweet us at Brotman planning. We’ll be back next week with another entry in our diary of a financial advisor and in two weeks with another engaging guest. For now, this is your host, Eric Brotman reminding you don’t retire, graduate.

Unnamed Voiceover [00:30:56]:
Securities offered through Kestra investment services, LLC, Kestra IS, member FINRA SIPC, investment advisory services offered through Kestra advisory services LLC, Kestra AS, an affiliate of Kestra IS. Kestra IS or Kestra AS are not affiliated with Brotman financial or any other entity discussed.