#37 with Pancham Gupta: Scaling a Real Estate Portfolio to 32 Million and Investing in Yourself

Millennial Millionaire Real Estate Podcast

English - July 16, 2020 21:28 - 1 hour - 127 MB - ★★★★★ - 56 ratings
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Previous Episode: #36 with Sean Williams: You know the Out of State Investor is Serious When They Pronounce Louisville Correctly

Next Episode: #38 with Russell Brazil: How to be an A+ Landlord and Spend Only 15-30 Minutes a Month Self Managing

In this episode, Jonathan Farber interviews Pancham Gupta on his journey from a full time W-2 employee to scaling a real estate business holding $32 million in property. Pancham is a multistate cash flow investor based in Long Island, New York. In this episode, we dive into topics like: having the right mindset, scaling into major investing, breaking through your mental barriers, and more!

Top Takeaways:

Keeping the right mindset - 18:15 - 22:30

Especially if you know you’re more analytical, try to step back

Evaluate if the deal is good or not and then take action - close, or move on

If you need to, ask for a second or third opinion

Let the numbers decide for you, and keep taking next steps

How to scale from local single family to multistate multifamily - 24:00 - 28:30

Realize that the same basics steps still apply

Share your activity with the people around you and you’ll likely find ready investors

Start to build a syndication with the resources at hand

Getting out of state before starting into large properties builds broker relationships

How to get yourself past your mental barriers - 28:45 - 30:45

Take time with yourself or any partners and reflect on where you’re being challenged

Try to isolate specific areas that seem to be holding you back

Once you know where any issues lie, hire a mentor or coach to get you past them

The confidence alone that a more experienced advisor can instill is worth the small expense

How to bring value to Pancham Gupta:

Bring deals and opportunities

Resources:

biggerpockets.com/forums/223/topics/790541-finally-quit-my-job-after-7-years-of-investing

Book by Robert Kiyosaki: Rich Dad's CASHFLOW Quadrant: Rich Dad's Guide to Financial Freedom

Social Links:

biggerpockets.com/users/panchamgupta

thegoldcollarinvestor.com/author/pancham-gupta

[email protected]

Connect With The host, Jonathan Farber Here!

LinkedIn: https://www.linkedin.com/in/jonathanfarber1/

Instagram: @jonjfarb

FaceBook: https://www.facebook.com/jonathan.farber.9

Facebook Group: Real Estate Mentorship Mastermind https://www.facebook.com/groups/860025821084224/

BiggerPockets: https://www.biggerpockets.com/users/JonathanF29

Schedule 1 on 1 time: https://calendly.com/jonathan-farber/1-on-1-with-jonathan-farber-mmtr