9x owns many houses and talks about experience for new investors 7
In 2015, 18-year-old Sahil Mehta first successfully brokered the sale of land in Berkeley, California and earned a commission of $2,000.
Mehta co-owns five investment properties with his brother with a total value of about $9.4 million.
To save up for his first investment, Mehta worked at Sotheby’s while attending the University of California, Berkeley.
The brothers have four rental properties for students and families, including one listed on Airbnb.
Mehta said he was lucky to have a job at Sotheby’s while still in school, which allowed him to save a lot of money early.
Mehta also learned many valuable lessons from investing.
Mehta and his brother plan to buy more houses next year.
Sahil Mehta, 25 years old, co-owns 5 properties with his brother.
Choose the appropriate form of investment
The most important step happens before you put down the money.
There are many different forms of investment from apartments, real estate, land, commercial housing and REIT (real estate investment trust).
Each investment strategy comes with different costs and risks.
Mehta advises determining the appropriate investment form depending on your financial situation, risk appetite, experience and level of investment readiness.
Do cash flow calculations
Not all real estate can automatically make a profit.
Loan payments are not the only costs with real estate investing.
The opportunity of the majority is not the best deal
Anyone can access online real estate sites.
Mehta suggests investors contact the seller directly.
Discipline in investing
Finally, like any other investment, don’t let your emotions get the best of you, especially as the real estate market has heated up recently.
