Old Money Capital

About Us

Old Money Capital is founded by Vaibhav Puranik (VP). He has been living in Los Angeles since 2005. He started his real estate stint in 2008 by doing part time property management. He has real estate investments in LA area as well as Texas. Some of his investments have yielded him more than 30% IRR!
In his other avatar, VP has been working with an AI technology company as head of their engineering department. He manages the entire engineering team of the company (80+ engineers).
Hemel Gandhi, based in Sacramento, CA, brings years of real estate experience to our team, much like his colleague, Vaibhav. His journey in the field has led him to acquire a diverse array of single-family and multifamily properties. Hemel is genuinely enthusiastic about real estate and believes in the importance of a diversified investment portfolio.
In addition to his real estate pursuits, Hemel has played a significant role in product leadership within several companies, including a stint at a real estate property management firm, where he applied his industry knowledge to enhance their product offerings.

Our Principles

Don't lose Investors Money!

We will do everything in our capacity to ensure that we don’t lose investors money. This requires taking care of the asset at hand. Many times, syndicators avoid spending money on fixes because fixes might not result in in rent increases. But in doing so they endanger the very asset they are supposed to take care of. Even if a fix may reduce the cashflow that year, we will err towards fixing the issue when in doubt.

Underpromise and Overdeliver

We underwrite our properties conservatively. In our projections, we will never present a scenario that assumes the market going up. We will always present two scenarios, market going down over the period of holding and market remaining the same. Our holding period is usually long enough – 5 to 7 years. Our belief is that real estate yields are the best when you hold it for long term. We always raise extra money to take care of unforeseen circumstances. 


We strive for excellence in whatever we do. We build processes that guarantee the best outcome.  As they say “Quality is not an accident, it’s the result of intelligent efforts”. We strive to give a great product and the best in class service to our customers (tenants) as well as our investors. You can experience it yourself by contacting us!