EP 61 - Buying 200M Worth of Real Estate in 16 Months with Pranay Parikh
Dec 05, 2022
Today’s guest, Dr. Pranay Parikh, has bought $200 million worth of real estate in the past 16 months. Yes, you read that right!
We’re talking to Pranay about how he achieved his goal of passive income through real estate, and built a team of investors called Ascent Equity Group. Physicians have high-stress jobs that take up a lot of their time, which is why many experience burnout. This is one reason Pranay went into real estate investing, and why he’s helping other physicians build more wealth so they can also work less and avoid burnout.
Pranay works with various specialists, and he’s sharing the lessons he’s learned from making these connections. You’ll hear some of his mistakes and successes, and learn the importance of hiring the right people. For instance, hiring a top lawyer has been key to navigating the complicated legalities of raising funds.
Tune in to hear Pranay’s story from doctor to commercial real estate investor, and get a glimpse of what entrepreneurship is really like!
Topics discussed in this episode:
- Pranay describes his journey from doctor to real estate
- Mike explains syndication and JV partnerships
- What power does Pranay have in his partnership deals?
- How their process differs from typical capital allocators
- Making connections and building trust
- Evolving business and hiring asset managers
- The legality of raising funds in California
- Comparing 506b to 506c
- Advertising and building an audience
- Pranay on current deals and projects
- Advice to find and attract investors
- Helping physicians with his podcast, From MD to Entrepreneur with Dr. Pranay Parikh
Find more information about Pranay and his investment group, Passive Income for Physicians | Ascent Equity Group: https://ascentequitygroup.com/
Check out Pranay’s podcast, From MD to Entrepreneur with Dr. Pranay Parikh, on Spotify or Apple Podcasts!
Connect with Pranay:
If you are interested in learning from Dan and Mike to receive coaching and learn how they built their business, head to instantinvestorprogram.com and see if you are a good fit for the mastermind group!
Collecting Keys Podcast Resources:
instagram.com/collectingkeyspodcast
