Today we’d like to introduce you to Kenny Tran.
Hi Kenny, thanks for sharing your story with us. To start, maybe you can tell our readers some of your backstory.
I am the owner of Universal Capital Investment, Inc. which is a real estate investment/ development business. Around the time I started real estate, I was diagnosed with Stage 2 Hodgkins Lymphoma which is an immune system cancer. I would go to chemo in the morning and go home and learn about real estate investing at night.
Fast forward to today, my portfolio currently consists of 5 rental properties spread across California, Texas, and Chicago and I have also built and sold 5 houses in East Texas. I do both long-term single tenant rentals as well as short-term Airbnb rentals.
My goal is to create generational wealth through real estate investing and to be financially free by 32.
Would you say it’s been a smooth road, and if not what are some of the biggest challenges you’ve faced along the way?
I don’t have a rags-to-riches story, I was never broke, but I did build my real estate portfolio on my own through trial and error. If it was easy everyone would be doing it. I knew very early on in my life that I wanted to be my own boss and the only way to make my dream into reality was to jump and either sink or swim.
A majority of my success happen in the past two years but also the worse part of my life happen in the past 2 years. When I was diagnosed with cancer, I felt more motivated and hungry to succeed then before due to the fact I felt my life was on a time clock. I felt I was trading my life for time. The mental strength it takes to see your hair fall out, go through growing pains of learning a new business, and feeling like your life is ending is something that would break people. No matter how tired I was, I never let it be an excuse for accomplishing my goals.
I never gave up on anything, I always finished what I started, and I was never afraid of the outcome. Whether that’s a failed idea or my life ending. I was never afraid because I knew I tried my best at everything I set my mind to. I always tell myself. It’s not over until it’s over.
The hardest part about real estate investing is financing deals. Structuring deals is the hardest part. It’s even harder when you are 26 and starting out but I can say with pride that I paid back every dollar I borrowed on time and in full. I have borrowed nearly half a million dollars from the bank and I have never once missed a payment.
What makes you happy?
What makes me happy is setting goals and actually accomplishing them. I believe setting goals gives you purpose in life and it shows true character when you accomplish what you set out to do.
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