First Deal Stories - Corporate Executive Side Hustle

Episode Summary: In this episode of the Real Estate Launchpad podcast, host Greg Kurzner sits down with Sanjeev Shrivastava, a high-level corporate executive who successfully transitioned into real estate investing as a side hustle. Sanjeev shares his journey from the data industry to acquiring, renovating, and flipping multiple properties within months—all while balancing a demanding career and family life. The conversation covers risk management, learning from failures, building the right team, financing strategies, and scaling up with partners. Whether you’re a new investor or looking to level up, this episode is packed with actionable insights and real-world lessons.Timestamps:00:00 – Introduction to the podcast and guest00:41 – Why first deal stories matter for new investors01:40 – Sanjeev’s background: Data industry, risk management, and business experience04:15 – Balancing analysis and action; overcoming analysis paralysis06:00 – Learning from failures and the value of failing fast07:15 – The role of mentors, coaches, and building a strong team09:10 – The first failed deal: Lessons from a condo that didn’t close12:10 – Home inspection training and how it changed Sanjeev’s approach13:45 – The first successful deal: “Reeves” – finding, analyzing, and winning the property16:50 – Renovation strategy: Aggressive timelines, contractor management, and high-end finishes19:00 – Financing the first deal: Partnerships, DSCR loans, and using HELOCs22:00 – What went wrong: Seller issues, unexpected costs, and renovation surprises25:00 – What went right: Vision, finishes, and standing out in the market27:00 – Lessons learned: Real estate as a long-term wealth strategy, balancing speed and research30:00 – Scaling up: New deals (“Drew” and “Robinson”), aggressive offers, and partnership dynamics34:00 – Setting goals, writing them down, and the importance of unanimous decision-making in partnerships36:40 – Final thoughts: Trust, teamwork, and taking actionLinks & Resources:First Deal Confidence Kit – Step-by-step roadmap for new investorsKey Takeaways:Risk management and data-driven decision making are crucial for new investors.Learning from failures and moving on quickly is more valuable than perfection.Building the right team—including mentors, realtors, and contractors—can make or break your first deal.Financing options like DSCR loans and HELOCs can help you get started, even without traditional income verification.Write down your goals and revisit them regularly; clear objectives and unanimous decisions are vital, especially when working with partners.Real estate is a long-term game—patience, research, and steady action lead to lasting wealth.Mentioned in this episode:Pre Roll_ Intro to Real Estate Investment Call to ActionThis Ad offers the First Deal Confidence Kit as a downloadPost Roll_ Real Estate Investor Progress Podcast OutroThis Ad encourages the listener to subscribe and leave a review or rating as well as join our Facebook Group