Being born into the real estate business sounds like a dream for many of us who have had to start from scratch. But this was not the case for Pankaj Sharma, our guest today. Despite being involved in the family business from a young age, mowing lawns and painting exteriors, he never saw himself pursuing it as a career path. However, as he got older, he realized just how valuable real estate was. Times may change, but real estate always remains a constant. In this episode, we learn about what ultimately motivated Pankaj to dive deep into real estate.
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We also find out more about how he self-manages 2000-units! While he has tried third-party management services before, they never lived up to his expectations. He saw the importance of expressing his vision and making physical contact with his properties. Pankaj sheds light on his 828-unit deal, the precautionary measures they are taking in light of the coronavirus crisis, and why patience and persistence always pay off. You don’t want to miss out, so be sure to tune in today!
Key Points From This Episode:
- Learn about Pankaj’s background, how he grew up in real estate, and his current focus.
- What shifted for Pankaj that made him want to be more involved in real estate.
- Find out more about Pankaj’s 828-unit deal and how he trusted his gut instinct.
- Why Pankaj’s chose to do the deal with no investors and how he managed this.
- Pankaj’s choice to self-manage 2000-units and the benefits he has gained from it.
- Ways that Pankaj is dealing with the current crisis and his forecast for the next few months.
- The hardest part of the business, a recent business improvement, and a contributor to Pankaj’s success.
[bctt tweet=”The key in business is adaptability and innovation. You always got to change. You can’t be stuck on the same. — Pankaj Sharma” username=”whitney_sewell”]
Links Mentioned in Today’s Episode:
About Pankaj Sharma
Pankaj Sharma is a second-generation multifamily owner/operator with over 20 years of experience in the field. His current personal portfolio consists of 2000 units in 5 major cities in eastern Pennsylvania. His latest deal closed in July of 2019 when his company purchased a $50 million fixer-upper in Harrisburg which is the state capital without any investors. Recently Pankaj started Sharma’s Karma, a YouTube channel, as a way to document their journey and give back. His KarmaKast interviews can also be found on YouTube and various platforms. Pankaj also shares from his journey of meditation, mindset and inner work.
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