Sunny Shakhawala
Sunny Shakhawala
The Ugly Side of Real Estate Investing
Investing in real estate can be a great way to build long-term wealth. It can also be an incredible source of stress if you let it.Since January 2020, my team and I have acquired 13 units across 4 properties.Our total cost-basis is $1.497MProperty 1: $240K Purchase + $160K Reno = $400KProperty 2: $215K Purchase + […]
Continue readingNever Buy a Property in Cash, Here’s What to do Instead
In today’s real estate market (July 2021), sellers expect offers to come with as few contingencies as possible. A contingency is a stipulation a buyer builds into their offer. These stipulations generally protect the buyer from losing their deposit in case they decide to back out of their purchase contract.Some common contingencies buyers build into their […]
Continue readingWeek Ending 7/18/21
I struggled to come up with a topic for this week’s newsletter. When that happens, I rely on the tried and true: Document, Don’t Create.Let’s dive in…Dia is Back in the OfficeMonday was Dia’s first day back in the office. We’re not happy about it. We got used to that WFH lifestyle. The good news is […]
Continue readingI Lost $5,000+ Gambling on Stocks
On February 9th, 2021, I sold $22,860 worth of the only investment I held in my Roth IRA: FZROX (Fidelity’s Zero-Cost Total Market Index Fund).Then on February 25, 2021, I contributed $5,000 to my ROTH IRA to max out my annual contribution for 2021. I had previously contributed $500 on January 1st and $500 on […]
Continue reading$45,000 in 15 Minutes
Choosing between two really good options is difficult. Many people describe that situation as a “good problem to have”. This week, I came across one of those “good problems”. Here were my options:Make a $50K finder’s fee with no money out of pocket in 30 days by selling a fix and flip project to another investor.Potentially make […]
Continue readingProperty 4: We Bought a Duplex
We closed on a duplex in Madison, NJ. There were many bumps along the way, but it should all be worth it.We have three exit strategies for this acquisition and I can’t wait to see how this all pans out. 📖 Quick BackgroundA few months ago, I cold-called the listing agent for this property. However, the listing […]
Continue readingMy Tech Stack as a Real Estate Investor
A “tech stack” is the combination of technologies a company uses to build and run its organization. “Real Estate Investing” and “Technology” don’t often find themselves in the same sentence. After all, buying, holding, and selling real estate has been around forever. Until recently, I’ve been a one-man show relying on a handful of relatively inexpensive (or […]
Continue readingWho Not How
🚀 The Book in 3 SentencesInstead of asking, “How can I do this?” ask, “Who can do this for me?” Asking “who” instead of “how” creates freedom of time, money, relationship, and purpose. You are rewarded in life by the results you produce, not the effort you put in.🎨 ImpressionsThis book opened my eyes to why I’m […]
Continue readingGet Your Refinance Docs In a Row
It took me about 6 months to refinance my 4-family investment property. I spent most of that time chasing loans I wouldn’t qualify for.Then my cousin found me a lender that was willing to do a “no-doc loan” at a decent rate and term. A “no-doc loan” requires very little, if any, documentation from the individual borrower. […]
Continue readingIs Elon Musk’s Twitter the Most Powerful Market Moving Social Media Account?
Ever since @realDonaldTrump’s account was permanently suspended, I think it’s safe to say there’s a new king of the hill on Twitter, and his handle is @ElonMusk.You may know Elon for one of many things:He’s the CEO of Tesla and SpaceX. He’s the founder of companies like The Boring Company, Neuralink, and OpenAI.He’s also (sometimes) […]
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