#24: Mehul Patel - CEO of NewcrestImage

NewcrestImage is a privately held family office investment firm based in Dallas, Texas, with an extensive portfolio of diversified real estate assets and alternative investments. They've conducted 277 hotel transactions and $2.7 billion in real estate transactions across 148 cities. Mehul's start in the hotel business came when he and his family moved to Garland, Texas, from India when he was 13. From 1990 to 1993 he and his family worked and lived in a hotel-his parents as room attendants and Patel and his brother as everything from front-desk clerks to landscapers. On this episode, Mehul and Jake discuss: NewcrestImages's process for purchasing portfolios How they raise capital Knowing which deals to pursue and stay away from How and why they purchased a bank Connect & Invest with Jake: Follow Jake on Twitter:   / jwurzak    Take the Hospitality Investing Masterclass: https://learn.jakewurzak.com/ Learn How to Invest with DoveHill: https://bit.ly/3yg8Pwo Links: NewcrestImage - https://newcrestimage.com/ Mehul on LinkedIn -   / mehulpateltexas