How this 25-year-old real estate investor earning $515,000 a year spends his money. (via CNBCMakeIt)
$198 for an Equinox gym membership and Spotify.Mehta lives rent-free in one of the buildings he owns . The catch: He moves every few months, to whichever property has an open room.He tries to save as much money as he can each month, and when he and his brother have saved enough, they look for a new property. He currently has around $80,000 in his personal savings account, rebuilt after the brothers purchased a multi-million-dollar property and renovated it earlier this year.
"One of the biggest barriers to entry is just having money. We know that," he says. "We just want to reinvest as much as possible to grow this business in the best way possible."Mehta has always worked hard. He was born and raised in Baltimore, where he lived with his parents, immigrants from India, and his three older siblings.
In 2014, he visited his brother Sparsh, 31, at UC Berkeley, and knew instantly that's where he belonged. He moved to California to spend his senior year at Berkeley High School, bunking with his brother in college housing and working at Chipotle to earn money on the side.
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This 25-year-old lives on around $515,000/year in Berkeley, CaliforniaSahil Mehta, 25, makes a combined $515,000 a year as an executive assistant at Golden Gate Sotheby's in Berkeley, California, and through rental and Airbnb income from the properties he and his brother, Suyash, own in the area. Sahil, along with his siblings, plan on buying a property for his parents later in 2021. This is an installment of CNBC Make It's Millennial Money series, which profiles people across the globe and details how they earn, spend and save their money.
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This 25-year-old lives on around $515,000/year in Berkeley, CaliforniaSahil Mehta, 25, makes a combined $515,000 a year as an executive assistant at Golden Gate Sotheby's in Berkeley, California, and through rental and Airbnb income from the properties he and his brother, Suyash, own in the area. Sahil, along with his siblings, plan on buying a property for his parents later in 2021. This is an installment of CNBC Make It's Millennial Money series, which profiles people across the globe and details how they earn, spend and save their money.
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