#133 with Sharad Mehta: Running a Turnkey Flipping Operation, a Property Management Company, and a Software Development Office

Millennial Millionaire Real Estate Podcast

English - December 08, 2020 18:51 - 48 minutes - 88.1 MB - ★★★★★ - 56 ratings
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Previous Episode: #132 with Michael Stohler: Scaling to Multiple Hotels With 18 Million in Assets

Next Episode: #134 with Chris Montes: How to Live for Free with HouseHacking in an Expensive Market

In this episode, Jonathan Farber interviews Sharad Mehta on his journey from investing on the side while working as a big firm CPA to running a turnkey flipping operation, a property management company, and a software development office. Sharad is a turnkey investor and property manager based in Toronto, Ontario. In this episode, we dig into topics like: starting over in real estate today, takeaways from growing in real estate, real estate workflow by an expert, and more!

Top Takeaways:

Starting in real estate today from scratch - 15:30 - 17:30

Step 1 is to buy a 4-plex with an FHA loan as a BRRRR property

Repeat this a few times to build an income base and start growing wealth

Do this in a very comfortable market and grow as much as you can before looking elsewhere

Main learnings from a growing real estate business - 19:30 - 22:00

Systems are critical to scaling efficiently, so develop them early

Start to think of your business like a franchise - your only goal is more deals

There’s no need to paint every house a different color - or use different anything else

Building a modern real estate workflow - 22:30 - 26:30

Direct mail is a key pillar for successful, consistent deal flow

Use a virtual assistant to take calls and acquisition manager to make offers