Apr 14, 2020
Generational wealth is the goal of many real estate investors. And while the first generation works hard to create the foundation, often the second-generation has different goals and desires outside of the family business. Pankaj Sharma knows this all too well.
Pankaj is a second-generation multifamily owner/operator with over 20 years of experience in the field. His current personal portfolio consists of 2,000 units in 5 major cities in eastern Pennsylvania. His latest deal closed in July of 2019 when his company purchased a $50 million fixer-upper, multifamily building. Recently Pankaj started Sharma’s Karma, a YouTube channel, as a way to document their investing journey and give back.
In this episode, Pankaj shares his view on generational investing, working with family, details of the $50 million apartment project, and the role meditation and mindset have played on his real estate journey.
Key Insights
Bullseye Tips:
Apparent Failure:
The main thing in failure, everything is temporary, whatever you are going through this too shall pass.
Digital/Mobile Resource:
Most Recommended Book:
Daily Habit:
Meditation
Wish I Knew When I Was Starting Out:
Should have bought a whole lot more.
What I Wish I knew a Year Ago
That there was going to be a recession because it’s here.
Current Curiosity:
Where his new level of meditation will take him
Best Place to Grab a Bite in Spring City, PA
His house, his wife Ruby is the best cook
Contact Pankaj:
Website: S&S Properties Investment
YouTube: KarmaCast