From Single‐Family Flips to Multifamily Success : The Journey of Blue Ocean Capital
By Stephanie Mojica
Navigating the everevolving landscape of real estate investment can be daunting , but for Dr . Chander Mishra and his wife Iva , cofounders of Blue Ocean Capital in Texas , the journey has been one of growth , learning , and strategic expansion . Their story is one of starting small , thinking big , and finding a balance between their professional and personal lives .
" My father was a university professor , and wherever we lived he bought a home and then rented it out whenever we moved ," she said .
This simple strategy provided financial security for her father . Inspired by these family influences , Dr . Mishra and Iva ventured into real estate together , starting with land purchases and condo developments in 2003 , before moving into singlefamily flips and eventually multifamily properties in 2016 . they soon realized the limitations and challenges of this approach .
" Flipping singlefamily homes was difficult ," Dr . Mishra said . " We were dependent on others to complete the work , and there were frequent incidents of theft and delays . That ’ s when we started learning about multifamily properties , which were easier to manage from an operational perspective ."
Transitioning to multifamily properties was not without its challenges , but the decision paid off .
From Humble Beginnings to Strategic Growth
Dr . Mishra ' s exposure to real estate began early .
" Growing up in Delhi , India all I knew was real estate ," he said during a recent interview with Realty411 . " Every weekend , our family would scout developing areas , buy land , hold it for several years , and then develop it . We did this five or six times in 25 years , generating substantial returns each time ."
This handson experience provided Dr . Mishra with a unique understanding of real estate dynamics , which later became the foundation of Blue Ocean Capital .
Iva ’ s experience with real estate also started at a young age , though in a different way .
The Shift to Multifamily Properties
Like many real estate investors , Dr . Mishra ' s and Iva ’' s initial flipping foray was into singlefamily homes . However ,
" We sold our singlefamily properties and started fresh with multifamily investments ," Iva mentioned . " We didn ' t mix and match ; we focused on building a portfolio that could provide consistent , longterm returns ."
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