Joining the real estate market since he was in school, buying a house right out of college, Sahil Mehta can be said to be a talented investor at the age of 25.
Sahil Mehta currently serves as an executive assistant to a real estate agent at Golden Gate Sotheby’s in Berkeley, California; His main job is to oversee the business and support large transactions. In addition, Sahil and his brother run a family business.
They currently own five blocks of real estate worth $9.4 million around Berkeley, four of which are made into rental housing, the other is operated under the Airbnb model.
Thanks to multi-tasking, Sahil at the age of 25 can earn approximately 12 billion VND per year. In which the income from the main job is more than 350,000 USD, the rest is thanks to the Airbnb rental model and a few other passive jobs. In addition, Sahil also enjoys a commission from the sales of the company’s house, which brings him a lot of money.
Sahil started working at Sotheby’s while still in college, 2015. At that time, he maximized his salary by sharing the house with his brother, minimizing the cost of living. other activities. Thanks to that, when graduating from college in 2017, Sahil and his brother bought the first house worth more than 20 billion (nearly 1 million USD) by themselves.
Perhaps Sahil has a real estate background when he sold his first house at the age of 18. Sahil had realized how profitable real estate could be if he knew how to do business.
“I have ventured into a field that requires great flexibility. I’m trying to give it 110%,” he said.
However, Sahil also reminds that to enter this market, you need a lot of capital. He himself considers himself very lucky that since he was in school, Sahil has been hired by Sotheby’s company, which helps him to have a significant savings as “expenses”. invest”.
However, the young man admits that the real estate investment journey is not always smooth. Sometimes he lost tens of thousands of dollars. But now he has easily earned hundreds of thousands of dollars, and is planning to add more properties with his brother in the coming years.
Here are 4 tips from Sahil for those interested in real estate investing.
Choose smart objects for investment
According to Sahil, the first step in the investment process, which is to choose the object, is also an extremely important step.
The market today can be said to be quite diverse: Single-family homes, multi-family homes, commercial real estate and REITs (real estate investment trusts)… Each form of real estate has its points. own strengths and weaknesses, so choose the most suitable type.
Of course, profits come with risks. For example, Sahil thinks that when investing in REITs, investors will be more idle than investing in a physical property. Indeed, Sahil pointed out that, when managing a house, you have the right to decide who to sell it to, at what price, when to sell, etc. in short, a lot of benefits, but synonymous with The risk will be more.
Not all types of real estate are equally profitable, and it depends a lot on the investment plan. Sahil says every investor needs to “become an expert at calculating cash flow and realizing equity potential” – something he learned during his time at Sotheby’s.
Cash flow in real estate is the difference between the income of the property and any additional costs such as interest on savings (if you use the money invested in real estate to deposit it in the bank) or operating costs. or emergency repair.
Taking shortcuts, creating trends
Nowadays, you can easily access online real estate platforms to approach investors and find information. However, Sahil said, such an investment is that you are bidding on a property that many people have, you will most likely not get the best price. You need to survey and calculate to get a competitive advantage,” Mehta shared.
Sahil appreciates actively working directly with sellers. He also shared that 2 of his properties were obtained not through an online form but a direct transaction.
“I used to survey the streets and contact to buy before it was released on the market.” Sahil said.
Believe in your own decisions
Finally, as with any form of investment, you should not let your emotions rule, especially when the market is on fire. Hasty decisions can lead to disastrous mistakes in the future.
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