Stay focused on the task. Don’t get distracted by assuming the grass is always greener on the other side.”
President of Vasco Ventures, Ephraim Vashovsky is one of New York City’s leading real estate investment firms. Vashovsky started Vasco Ventures in 2008 during one of the United States’ most difficult economic periods in recent memory. For the past 13 years, Vashovsky has led Vasco Ventures through often volatile markets and delivered steady returns to his investors. Vashovsky has also consistently made efforts to positively impact the community where each of his properties is located. As a result of Vasco Ventures’ track record of returns and its community-oriented approach, today the company is recognized for its integrity and its commitment to success.
Before joining the world of real estate, Ephraim Vashovsky worked as a teacher and a rabbi. Although Vashovsky had zero experience in the real estate industry, he had a captivating vision for how each of his properties should look post renovations.
According to Ephraim Vashovsky, the most gratifying aspect of working in real estate is witnessing the transformation of the property. Frequently, Vashovsky starts with just the shell of a structure. From this blank slate, he and his team are able to create stunning residences. Vashovsky’s success in the real estate industry has been built on persistence His journey in the real estate has been far from easy, but he has never given up.
Community involvement has always been important to Ephraim Vashovsky. While Ephraim gives back to the community as an individual, Vasco Ventures also makes an effort to have a positive impact through its work. From the beginning of his real estate career, Ephraim placed a high priority on giving back to the communities where he purchased properties. To date, Vasco Ventures has given millions of dollars to the communities where it owns properties. This commitment to helping others is one of the reasons why Vasco Ventures is recognized as a leader in the New York City real estate market.
Where did the idea for Vasco Ventures come from?
I was looking for a business opportunity that can be scaled without any limits
What does your typical day look like and how do you make it productive?
Most days I have meetings with brokers, investors, and other real estate professionals. I make it a priority to relay all pertinent information to my staff so they can follow up on new opportunities.
How do you bring ideas to life?
I was a teacher for many years so I have a knack for creating a vision when speaking about life business ideas.
What’s one trend that really excites you?
Cryptocurrency is not something I truly understand. Nonetheless, it fascinates me how it works and the huge demand for it.
What is one habit of yours that makes you more productive as an entrepreneur?
Time management and always keeping your word.
What advice would you give your younger self?
Stay focused on the task. Don’t get distracted by assuming the grass is always greener on the other side.
Tell us something that’s true that almost nobody agrees with you on?
The most important trait in life is Communication.
As an entrepreneur, what is the one thing you do over and over and recommend everyone else do?
Constantly look for ways to be more productive. Always motivate people around you.
What is one strategy that has helped you grow your business? Please explain how.
Build relationships with people that trust. They will help you grow.
What is one failure you had as an entrepreneur, and how did you overcome it?
Everyone makes bad deals. In real estate, I see that as a “tuition cost” sometimes you have to pay to learn a valuable lesson.
What is one business idea that you’re willing to give away to our readers?
In real estate, if you’re an honest broker you’ll do very well.
What is the best $100 you recently spent? What and why?
A sushi platter that I sent to an investor for his birthday. He was so appreciative!
What is one piece of software or a web service that helps you be productive? How do you use it?
Google Drive is a miracle.
What is the one book that you recommend our community should read and why?
Outliers by Malcolm Gladwell is an amazing book that shows how anyone with enough perseverance can truly master anything
What is your favorite quote?
Not everyone agrees with me, but I always say “More risk more reward.”
Connect:
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Steve (Stefan) Junge hails from Germany and helps with the day-to-day publishing of interviews on IdeaMensch. While he and Mario don’t share a favorite soccer club, their enthusiasm to help entrepreneurs is a shared passion.