In this episode of Multifamily Freedom Chasers, we had the pleasure of welcoming Sujay Mehta, a seasoned entrepreneur with expertise in real estate development, hotel operations, multifamily investing, and startup advisory.
Sujay, the founder of Bloom Ventures, provided insightful comparisons between the hospitality industry and multifamily investing and shared his experiences of identifying emerging trends and raising capital.
We explore Sujay's background and his struggles with finding his purpose. We learn how his parents, who immigrated to the US from India, used real estate as a means of achieving the American dream. Despite pressure to become a doctor, Sujay pursued a neuroscience major in college before taking two years off for a life-oriented education program in India.
Sujay discusses the value of soft skills gained through such experiences and encourages focusing on the positive aspects of one's journey rather than viewing any time as wasted. He also shares the importance of reflecting and introspecting in order to figure out how to improve oneself, both in business and personal life.
Furthermore, Sujay dives into his experience buying a hotel property, including the challenges he faced and how he creatively overcame them. Sujay explains that owning a franchise hotel involves owning both the real estate and operations, with royalties paid back to the franchisor based on revenue. The hotel industry offers high daily cash flow but comes with more risk than multifamily properties.
Join us as we learn from Sujay's experience and gain valuable insights into the world of real estate development, hotel investing, and ways to create passive cash flow.
Are you trying to navigate life's challenges while embarking on your journey to reach your #multifamilyrealestate dreams and financial freedom?
If so, this group is for you. We are the MULTIFAMILY FREEDOM CHASERS, and we created this community where we educate, inspire, and support all of us on our journey to #financialfreedom
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