Sief Khafagi
Sief Khafagi | |
|---|---|
 | |
| Nationality | American |
| Citizenship | United States |
| Alma mater | San Diego State University |
| Occupation | |
| Organization | Techvestor |
| Website | siefkhafagi |
Sief Khafagi is a real estate investor, entrepreneur, and the co-founder and managing principal of Techvestor, a prop-tech company based in San Francisco, California.[1] He is a graduate of San Diego State University. Khafagi has been a supporter of the Boys and Girls Clubs of America, and he established the Sief Khafagi Scholarship in 2023.
Early life and education
Khafagi grew up in Los Angeles, California, in a low-income family. During his childhood, he experienced a car accident that left both of his parents disabled. After this, his mother discontinued her nursing studies and stayed home to raise the children. His father took odd jobs around the city, and Khafagi started working at a young age to help support the family.[2] While interviewing for and landing several jobs throughout high school, Khafagi gained interpersonal skills and business acumen that he later used to launch his first company, Jump Start.[2]
Khafagi applied for an academic university scholarship, was denied, and then appealed the decision. Eventually, Khafagi was granted a full scholarship. Khafagi holds a Bachelor of Science in Communications from San Diego State University.[1]
Career
While earning his degree at San Diego State University, Sief Khafagi launched his first startup, Jump Start, which helped motivated computer science students achieve successful interviews for big tech companies.[2]
In 2009, Khafagi started investing in real estate.[3] As a renter based in Los Angeles and a frequent traveler, he examined short-term rentals and studied the possibility of scaling short-term rentals as an asset class, an idea yet untapped in the marketplace.
Khafagi was hired by Facebook in 2015 as a recruiter for the production engineering team in the San Francisco Bay Area. While hiring high-level senior leaders, he expanded Facebook’s second-largest engineering organization from hundreds to thousands worldwide.[1]
From 2015-2020, Khafagi worked for Facebook, building a production engineering team of exceptional and elite talent with over 1200 members.[4] In 2021, he co-founded Techvestor, one of the first institutional-grade investment platforms for short-term rentals.
Techvestor
Khafagi and his business partner, Sabrina Guler, co-founded Techvestor in 2021. The company is a fully managed, tech, and data-driven real estate investing solution to the emerging asset class of short-term rentals.
Headquartered in San Francisco, California, Techvestor is a tech-enabled real estate investment syndication regulation D 506(c) company.[5] Techvestor is currently led by co-founders and managing principals Sief Khafagi, Sabrina Guler, and Sam Silverman, and its advisors are industry leaders, including AirDNA and Realtor.com.[6]
Techvestor offers a proprietary platform for passive investment in short-term rental properties. Once approved, clients can start earning passive income from short-term rentals with an investment of $25,000 or more. The company uses a 16-point strategy, leveraging technology to gain insights.[7]
As of 2023, Techvestor has raised over $60M and owns more than 120 properties. Its million-dollar portfolio includes destinations in Florida, the Poconos, Scottsdale, Memphis, Blue Ridge, and Memphis.[8]
The second quarter of 2023 was Techvestor's highest-performing quarter to date, with all of its key KPIs positively increasing.[9] Khafagi and his team are dedicated to continuously improving real estate investing through data-driven solutions and state-of-the-art technology.[4] Techvestor is committed to transparency, and company data is open-sourced.[8]
Scholarship
In 2023, Khafagi launched the Sief Khafagi Scholarship, a $2500 academic scholarship open to high school seniors who exhibit high academic achievement. The scholarship was created to encourage students to pursue higher education, achieve their academic and career goals, and invest in their education and personal development.[6] Students with a minimum 3.5 GPA who have been accepted into a state-sponsored college or university are encouraged to apply by submitting an essay on the Sief Khafagi Scholarship website.
The Sief Khafagi Scholarship is also available to full-time state-sponsored college or university students in any field of study.[10]
References
- ↑ 1.0 1.1 1.2 "sief khafagi". linkedin.com. Retrieved 19 October 2023.
- ↑ 2.0 2.1 2.2 Magazine, Brainz (30 August 2023). "Techvestor's Sief Khafagi On Grit And How Soft Skills Can Help You Nail The Job Interview". Brainz Magazine. Retrieved 19 October 2023.
- ↑ "Scaling Up: Sief Khafagi's Roadmap for Expanding a Real Estate Investment Portfolio". SFWeekly. 15 September 2023. Retrieved 19 October 2023.
- ↑ 4.0 4.1 "Maximizing ROI: Sief Khafagi on Choosing Profitable Short-Term Rentals". SFWeekly. 31 August 2023. Retrieved 19 October 2023.
- ↑ "Techvestor | LinkedIn". www.linkedin.com. Retrieved 19 October 2023.
- ↑ 6.0 6.1 "Sief Khafagi Scholarship". Sief Khafagi Scholarship. Retrieved 19 October 2023.
- ↑ "Passively Invest in Short Term Rental Investment | Techvestor". techvestor.com. Retrieved 19 October 2023.
- ↑ 8.0 8.1 Olray, Sarah (24 September 2023). "Techvestor's Sief Khafagi Breaks Down How to Build a Short-Term Rental Portfolio". Vizaca. Retrieved 19 October 2023.
- ↑ "Techvestor Passes $2 Million Cash Flow to Investors as Passive Income". Yahoo Finance. 14 September 2023. Retrieved 19 October 2023.
- ↑ "Techvestor's Sief Khafagi Announces New Scholarship". Yahoo Finance. 1 September 2023. Retrieved 19 October 2023.