How and Why to Make Time for Real Estate Investing with Pranay Parikh
Pranay Parikh is a Physician, investor, and entrepreneur. Pranay has a passion for helping other doctors reach financial independence and do more of what they love. He is obsessed with becoming the best version of himself whether it be in business, education, fitness, marriage, or family. Now Prayany seeks to teach others so they can skip all the missteps and struggles he had to go through.
[00:01 – 08:36] Getting to Know Pranay
- I talk briefly about great values that await you in this episode
- I welcome our guest, Pranay Parikh
- Pranay talks about his background
- As a medical practitioner
- Commercial real estate investor
- Why Pranay chose commercial real estate
- Effect of COVID on commercial real estate market
- Pranay talks about his approach to passive investment in real estate
[08:37 – 12:14] Looking for Sponsors
- Pranay talks about key strategies when looking for sponsors
- Evaluating a sponsor
- Reputation
- Track Record
[12:15 – 24:24] Make Time for Real Estate Investing
- Finding the time to meet sponsors and evaluate the deals and markets
- The value of time
- Pranay talks about Outsourcing
- The benefits of hiring a Virtual Assistant
- Aspects of hiring a Virtual Assistant
- Creating his platform
- The Concierge VA
[24:25 – 30:44] Closing Segment
- Quick break for our sponsors
- What is the best investment you've ever made other than your education?
- My relationships
- What is the worst investment you ever made?
- Investing in student housing and 24-hour fitness
- What is the most important lesson that you've learned in business and investing?
- Value your time
- Connect with Pranay. See the links below.
Tweetable Quotes:
"Value your time. Do things with intention.” - Pranay Parikh
“You want people who have been through the whole cycle. They’ve done a syndication from beginning to end. And preferably, if they have gone through a recession.” - Pranay Parikh
“I think your assistant is probably the most important early employee you have, and oftentimes your first employee.” - Pranay Parikh
Resources Mentioned:
Send Pranay an email at [email protected], or visit his website https://pranayparikh.com/. Be sure to check out https://theconciergeva.com/ and https://passiveincomemd.com/
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