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Starting Commercial Real Estate in Detroit
- Ujwal started acquiring commercial real estate by buying a fire-damaged 3-unit strip in a tough Detroit neighborhood for $20,000.
- He managed leases and tenants himself with no lawyer and grew this into a portfolio of dozens of units.
Bar Ownership: Loss but Learning
- Ujwal bought a dirty, historic bar next to the old Detroit arena after falling in love with its history.
- He lacked staff and operated it mostly himself while working his day job, ultimately losing money but gaining invaluable hands-on business experience.
Gym Purchase and Staff Financing
- Ujwal bought a struggling Snap Fitness gym for $75,000, which had lost business due to nearby competition.
- He renovated and improved operations, then sold it to his gym manager with seller financing, showing trust and nurturing talent.