Business owner, founder and real estate investor, Jay Bansal is a force to be reckoned with. An entrepreneur at heart, he has ushered the corporate world into the 21st century.
Initiating projects like iMed Transport, a company that simplifies hospital logistics and patient care, and playing a key role in several real estate projects, former lawyer Jay Bansal and his wife Rajani Bansal are used to taking business risks.
Jay A. Bansal‘s real estate endeavors have completely changed the status quo. Convenience stores, gas stations, hotel and apartment projects have molded the razor-sharp work ethic he is known for. Today, he is a respected thought leader in the market and shares many of his business habits with budding investors across the globe.
Study the Ins and Outs of the Market
Jay Ankur Bansal is a big believer in rigorous research that leaves no stone unturned. His mantra? “Business professionals have to know their target market’s interest and attraction to properly analyze the market.”
Study the marketplace microscopically, stay abreast of current trends, measure consumer behaviors, mortgage rates, and forecasted real estate patterns. Attorney Jay Bansal pushes investors to make a holistic plan for the future so that no opportunity is unspoken for.
Know Your Niche
Focus is everything, without it, an investor is like a fish out of water. Jay A. Bansal encourages that entrepreneurs block out the noise and focus on developing a depth of knowledge in one niche.
All successful real estate investors have spent a lot of time excelling in one niche initially. This spells long-term success. Ask yourself; Should I invest in luxury condominiums? Or do distressed properties attract my interest? Using this same in-depth approach, real estate investors can then proceed to conquer other segments of the market.
Referrals Are Your Friend
The major slice of a real investor’s pie is, you guessed it, referrals. Jay Ankur Bansal advocates that it’s very important for investors to build human connections with partners, associates, clients, renters – anyone who comes their way.
When you pay attention and proactively address complaints – people take notice. You become an investor that has represented themselves in a positive light, and left a lasting mark on the minds of potential clients.
Don’t Undermine Risks
With sizeable reward, there is a sizeable risk. Lawyer Jay Bansal reminds investors to remain prudent and take into consideration the risks that the future presents. Advertisements in the market tend to gloss over potential red flags, it’s important to go out of your way to learn about the legal implications that are interwoven into deals of this nature.
The Road Ahead
So what does the future hold for lawyer Jay A. Bansal? For now, he continues to oversee his thriving real estate investment deals, setting his sights on Phoenix’s apartment scene.