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  2. Creative Capital Podcast 34: From Technology Buff to Over 1,200 Units With Prashant Kumar

Creative Capital Podcast 34: From Technology Buff to Over 1,200 Units With Prashant Kumar

Jan 15, 2021

A unique and phenomenal story of financial wealth is shared to us today by none other than Prashant Kumar! 

He is the Founder and Managing Partner of My Realty Gains. He has a strong technology and management background for the past 25 years. However, as he got closer to retirement, he realized that he wasn’t making enough passive income while working full time in the tech industry. So, he got himself engaged into multifamily investing over the last 5 years and has already scaled his portfolio to over 1,200 units! 

With so many goals in mind, he expanded his horizon from syndication into assisted living over the past 2 years. It's no wonder Prashant has gotten so far in life due to his whole perspective on business and life revolving around giving and making life better for others.

Listen to this entire story in this episode to gain a few golden nuggets from Prashant’s life journey to financial freedom! 

We discuss topics like:

  • What sparked Prashant’s interest in real estate?
  • How Prashant transferred from Technology professional to real estate syndicator with such ease.
  • Did he have a mentor going into this new transition of business or has he always just been a mentor to others?
  • Learning the strategies when buying assets such as value add, stabilization, better management, etc.
  • How did Prashant buy the deals that he didn’t syndicate?
  • Learning some strategies in raising a significant amount of money and doing large deals. 
  • Does Prashant’s Avatar play a vital part in his rapid growth? How did he decide what that Avatar was going to be?
  • Understanding Assisted Living versus Multifamily and learning the differences.
  • Actionable tips or strategies we should implement to get to where Prashant is in his journey today.
  • Future plans of  “My Realty Gains” for 2021.

Pod Decks Segment.

“Core Four” Segment.

  • Favorite Real Estate Related Book.
  • Unique skill that helped you become successful.
  • Tell me something that’s true about real estate that almost nobody agrees with you on.
  • One piece of advice you would give to our listeners wanting to succeed in real estate investing.

Resources:

 

For more information about Ferrari Capital visit us on our website @ https://www.ferraricapital.com 

If interested in doing any deals with us and want to keep updated on any upcoming new deals, just sign up at the link below and you’ll be in our investor list: https://www.ferraricapital.com/partnership

To grab a copy of our free Ebook: “The Ultimate Guide to Investing in Multifamily Syndications”, just provide us your email on our homepage and will send that right over to you.