Sourcing Deals and Systematizing in MultiFamily with Prashant Kumar - Ep#37
Prashanth takes us through his journey of investing in real estate from single family to multifamily. He shares insights into hiring virtual assistants and maintaining valuable relationships to propel business forward.
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About Elisa Zhang:
I am an owner and principal of over 1,000 apartment units across the USA. I’m an educator, an artist and a mother of two beautiful children.
I am on a mission to help motivated individuals make money while they sleep and retire faster than they dreamed.
What makes me so confident that I can guide someone to achieving this goal? It’s the exact process I used to replace my annual full-time corporate income of over $200K. I came from the IT world and focused on leveraging the power of real estate investing to form passive streams of income that now funds my family's life, independent from working at a day job.
Why not keep this all a secret for myself?
Sharing the formula for Financial Independence is my way of showing gratitude and adding more value to the world.
⏰ Timestamps ⏰:
0:00 Introduction
1:00 Early Influences in Entrepreneurship
5:00 Family Business Skills
8:37 Reasons for Choosing a Day Job
10:31 Moving from place to place
12:20 First Investments
15:55 Prashanth's First MultiFamily Deal
19:54 Lessons Learned from his first MF deal
22:55 Finding a Great Property Management Company
26:10 Indianapolis Market
27:15 Finding Properties with a Full-Time Job
29:00 Building Companies and Hiring Virtual Assistants
33:03 Systemizing Deal Sourcing
35:30 Getting into Syndication Deals