Sunny Shakhawala
Sunny Shakhawala
New Business Idea
If I had a dollar for every new business idea I ever came up with I would land somewhere between Bezos and Buffet on the Forbes list.However, if I had a dollar for every business idea I took action on, I’d barely be able to buy a latte from Starbucks.Nonetheless, coming up with new business […]
Continue readingDirect Marketing to Distressed Sellers
Building a portfolio of rental properties using the BRRRR method is hard work. Each stage comes with its own set of difficulties. First, you have to buy a property at a deep discount. Finding a motivated seller, especially in today’s market, is incredibly difficult. Then, you have to manage a thorough renovation. Dealing with contractors is never […]
Continue reading4 Lessons From My Mastermind
In October 2020, I joined a Real Estate Mastermind group that meets virtually for one hour per week. We also do a half-day in-person meetup once per quarter. The format of the weekly call is very simple. It starts with a message from the host, Gabe DaSilva. After the message is delivered, we spend about 20-30 […]
Continue readingI Started Buying Bitcoin
Disclaimer: None of what you’re about to read is investment advice.–I first caught wind of Bitcoin back in 2017. In one year, the value of BTC went from $965 to just under $20,000 per coin. Bitcoin became the bell of the ball. So many of the podcasts I listen to, YouTube Channels I watch, and […]
Continue readingMy Top 4 Capital Sources for Real Estate Investing
Real Estate Investors constantly face the classic “chicken or the egg” paradox when it comes to deal-finding and capital sourcing.Which comes first: The deal or the money?There’s a common maxim thrown around online real estate investment communities: “If you find a great deal, the money will follow.”While I tend to agree with this short, pithy […]
Continue reading3 Reasons Traditional Lenders Hate Me
I’m in the process of finishing up my first “BRRRR” real estate investment. I’m referring to the 4-family property we acquired to subsidize the cost of Luna’s education.If you’re not familiar with the acronym… B.R.R.R.R stands for Buy, Renovate, Rent, Refinance, Repeat.It’s an advanced method of real estate investing that requires sharp-shooter precision at each stage […]
Continue readingMy Money Flowchart
I’ve spent the last 5+ years self-educating myself on personal finance. I’ve read damn near every book and listened to practically every podcast on the subject. One of the main things I learned is wealth generation happens in 3 separate phases:Make MoneyKeep MoneyGrow MoneyMore importantly, each phase takes a different set of skills. I’m an expert at […]
Continue readingMy First Commercial Property
I’m under contract to buy property #3, which will bring me to 11 units total. We should be closing on or around 2/17/21. This rental portfolio all started with the 4-family we bought back in January 2020. The initial goal was to buy an asset that produced enough cashflow to pay for Luna’s daycare in the […]
Continue readingIs More Information the Answer?
In 1973, Paul Slovic ran a study to find out the effect more information has on our decision-making ability. He used professional horse racing gamblers, also known as handicappers, as his subjects. It’s important to note that each of these handicappers made a full-time living from betting on horse races. In other words: these were experts, […]
Continue readingI Bought a 3-Unit Rental Property Without Ever Seeing it
In the Fall of 2018, I attended my first weekend-long Real Estate Investing Seminar. It was the Mid-Atlantic Summit hosted by Dave Van Horn in Philadelphia, PA. One of the speakers, J. Scott, asked the audience a series of questions to kick-off his speech.He asked…“By a show of hands, how many of you have yet to […]
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