Over the span of his working life, Vaibhav Rastogi, also referred to as ‘Rasti’, has learnt how to manage money and investments in both property and financial markets.
With a degree in Architecture and an MBA in Finance, behind him, Vaibhav after working in IT embarked on a career in Funds Management, where he managed over $2 billion of client funds. However, he realised that his passion was best served in helping individuals achieve wealth, rather than those that already have money.
As a successful property investor himself, he felt that helping people achieve success in property by becoming a buyers agent was the right fit for him.
“Eventually, I realised that my value system is more congruent to helping people on the ground level as compared to multiplying money for those who already have it.”
“Property investing is one of the most common, most trusted way of building wealth as we have seen throughout humankind, but at the same time, not everyone makes property investment a success. Property investing is simple but successful property investing is not that simple.”
“That’s where I started using my architecture skills of evaluating a property and its design, investing as a vehicle and understanding it’s not just about capital growth and cash flow, but also about the risk that people tend to overlook in all the excitement.”
Vaibhav had built a personal property portfolio of 15 properties, and his goal is to help others achieve the same or better level of success.
“When I looked back, I realised that I started my property investing journey when I didn’t have much in my pocket, and now, I’m sitting on decent equity – this is exactly what I want to do for my prospective clients.”
“I had been unofficially helping my friends and family, but the whole reason that I wanted to start a business around it is so that I could reach out and help other people beyond my social circle.”
Given his success as an investor, Vaibhav already had a network of people around him that were interested in using his services as a buyer’s agent, which made the transition easier for him.
“Lots of people around me were actually waiting for me to start a business so they could approach me, so the pipeline was already there.”
“The business is going great so far. I run workshops on a monthly basis, where I outline my portfolio approach, referred to as Get Rare Model, and how I built my own portfolio without taking too much risk.”
“Calling myself a professional buyer’s agent has also given me a lot of leverage when I talk to the selling agents as well because they know that I’m actually representing not just only one client, but maybe a handful of clients in one go. Apparently helping me establish the relationship rather one considered as a transaction.”
Despite having a solid background as a successful property investor, Vaibhav decided to reach out to the BAI to gain a better understanding of running the business side of a buyer’s agency as well as to see how others built their businesses.
“Ben and his team at BAI do an amazing job as for me, coming from the corporate world where it was all about teamwork and working together, when I started on my own I realised that I’m all by myself.”
“BAI with their guidance, coaching and mentorship, has given us a network of other fellow buyer’s agents and it’s easy to visualise what a business can potentially look like in, twelve months or even five years.”
Vaibhav’s main focus is working with property investors and given his background and personal success, that was always going to be a good fit. One of the core components of Vaibhav’s methodology is centred around managing risk across an entire property portfolio. In much the same way a share investor looks to diversify, Vaibhav believes having a portfolio approach to both risk and growth is vital. Having worked in research advisory for Financial Planners, he appreciates how essential it is to get the solution client-centric and holistic.
For those people looking to start a career as a buyer’s agent, he feels that passion for property is vital.
“It is such a big responsibility and one has to take it very seriously because clients are giving you the responsibility of buying their property, which is one of the biggest investments they are ever going to make.”
“Buyers Agents also have to have a passion for the people because it’s just not about the properties, but also about the people.“
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