Business
Sharad Mehta is a very active real estate investor who founded REsimpli, a cloud-based system that makes real estate investing more efficient by automating tasks and helping investors manage their business more efficiently. Sharad has done over 400 deals in the last 6 years since he became a full-time real estate investor and over the years he has developed systems to automate many parts of his real estate investing. Sharad is a very active investor in Lake County, Indiana market and he manages his entire business from Carlsbad, California, where he lives. Using the systems that Sharad has developed, he is able to manage 3-4 rehabs a month from a distance. [00:01 - 05:46] Opening Segment Get to know Sharad Mehta Sharad and his Australian dollars Beginning real estate and starting his own software company [05:47 - 10:04] Forty to Fifty Flips a Year How to Do Forty to Fifty Flips a Year Sharad’s Time Spent in Each Flip One Good Thing in Chicago! Is it Too Early in the Business? [10:05 - 30:17] Flipping Real Estate Out of State in 2 Hours a Month Sharad talks about The E-Myth Why you should start documenting and the advantages of documenting How Sharad manages his software company “We’re a little bit more picky about deals” How Sharad is going to rebuild his business someplace else Changing variables in marketing teams Documenting and making a checklist Finding a good contractor A Unique Closing in Tanzania [30:18 - 37:08] Closing Segment Quick break for our sponsorsGroundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started. What is the best investment you've ever made other than your education?10-Unit Property Wholesale Sharad’s worst investmentLosing $20,000 in a deal in an unfamiliar area What is the most important lesson that you've learned in business and investing?“Just be better at one thing than anybody else.” Connect with my guest. See the links below. Resources Mentioned: The E-Myth Tweetable Quotes: “Start documenting things in your business even if you feel like you don’t have time for it.” - Sharad Mehta “People lie, numbers never lie.” - Sharad Mehta “Take one thing, everything outside of that is noise.” - Sharad Mehta ------------ Connect with Sharad Mehta through LinkedIn. Visit their website https://resimpli.com/. Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/ Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms. LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes