From Zero to Investor Rockstar: How the BRRRR Strategy Is Changing Lives

podcast Jan 27, 2024

 

It’s time to meet some real estate rock stars! Welcome to the Open Spaces Portfolio Mastery Program participants (we call them rock stars) as we gain new group insight into how the BRRRR strategy has helped ordinary folk do extraordinary things in real estate investing! 

This is life-changing stuff as our rockstars share, in highly relatable ways, just how BRRRR has left them BRRRRimming with confidence, thanks to the clear roadmap and systems for real estate investing, as provided by Palak and Niti. 

Learn how to achieve significant portfolio growth through multiple rental properties in a short time, as well as how to shift from ‘analysis paralysis’ to taking action on your real estate plan. 

Planning is key as these rockstar investors discuss how they were able to set clear long-term goals for true portfolio growth, setting them on their way to financial independence.

Please join us in this conversation, which is a wonderful example of what the Open Spaces community is all ...

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The Unstoppable Real Estate Ambition of Efe

podcast Jan 19, 2024

 

What does it mean to dive headfirst into your real estate dreams and truly trust the Open Spaces process? 

For Efe, being a person of faith helped with her mindset, as did her background in coaching. 

Perhaps the seeds of Efe’s ambitions were sowed even further back when she was a teenager who read Richard Branson’s autobiography, which planted the idea of empire-building in her impressionable adolescent mind. 

And so, it is no surprise that Efe’s unconventional story involves acquiring five investment properties in under a year! 

Learn how she has been able to juggle multiple contractors and money lenders and pursue passive income through real estate investing at such a fast pace in an episode of Sensei Sessions that sets an ambitious new benchmark for The Wealth Blueprint and its Open Spaces community! 

This inspiring and aspirational episode shows Efe’s desire to build wealth and create impact. Please join us. 

 

“It (Open Spaces) is a solid path to financial wealth a...

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10 Mistakes to Avoid While Renovating a Property

podcast Jan 12, 2024

 

They say a wise person learns from the mistakes of others. In today's brilliant episode of The Wealth Blueprint, Palak and Niti are honing in on the Top 10 Mistakes People Make When Renovating Investment Properties. 

Fans of the show will know how important the BRRRR strategy is for the Open Spaces community. And with the Renovation phase being such an important 'R' in the strategy itself, it's super important to approach it with the right investor mindset. 

Don't allow yourself to be distracted by the latest social media renovation trends and spending cash you simply don't have. Keep your strategy in mind and your contractor close as you renovate according to plan. 

These 10 tips are an absolute game changer for those real estate investors looking to cash in on the mistakes of others and make their renovation a pleasure rather than a painful learning process. Please join us.

 

"Contractors. The way I look at it, they're creatives. They're there, at the job site. They're n...

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Neighborhood Know-How: Natasha's Real Estate Investment Tips

podcast Jan 05, 2024

What does it mean to know the neighborhood you invest in? Natasha is now a stay-at-home mom with a background in tech. Listening to this very podcast nudged her into learning more about real estate investing through Palak and Niti's Open Spaces program! 

Since joining the Open Spaces Women program in July 2023, Natasha has acquired two rental properties in Philadelphia. Her success story is quite remarkable!

Her first deal was a wholesale property purchased for $62,500 that she has renovated. The estimated after-repair value is $247,000, giving her a large profit. She now has her first property rented and is renovating her second, applying the lessons from her first successful deal.

In today's episode, she walks us through her process of analyzing neighborhoods on Redfin so that she gets a proper feel not just for the property but the surrounding area, too. 

There is also great advice on how to go about finding team members like her agent and GC and submitting offers. 

Plus, wh...

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10 Biggest Mistakes While Negotiating A Real Estate Deal

podcast Dec 29, 2023

 

What are the 10 biggest mistakes real estate investors make while negotiating a deal? And how can we learn from them? 

This is the subject of today's episode of The Wealth Blueprint, as Palak and Niti share lessons and insights from their experience in property deals.

Learn how not to get emotionally invested while still taking that leap of faith in your next deal. 

Understand the importance of contingency, as well as the value of making quick decisions as you scale your enterprise. 

Know what your seller wants, and don't expect to negotiate on price and terms all at once! 

The tips come thick and fast in this episode, allowing us to learn from the mistakes of others as we create our own financial freedom. Please join us. 

 

"Don't let your ego get in the way. Ego costs opportunities." ~ Palak Shah

 

In This Episode:

  • 01:45 Letting your ego get in the way

  • 03:23 Not doing your numbers properly

  • 04:58 Not preparing and educating yourself enough

  • 06:40 Al...

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5 Key Takeaways from BRRRRCON

podcast Dec 22, 2023

 

What happened at BRRRRCON '23? Palak and Niti are brimming with joy and enthusiasm as they report back to their Open Spaces community on what happened at the most happening real estate convention in 2023!

 

And for those of us who weren't fortunate enough to be there in person, this episode is a wonderful opportunity to glean the latest real estate tips, for free, as our favorite real estate couple share their 5 Key Takeaways from BRRRRCON 23!

 

Learn why buying and holding is the key to wealth and why investing is a team sport. Discover the 7/2/1 Formula for spending, saving, and investing as you look to next year with renewed focus and optimism for your property plans. 

 

You never stop with your own learning process and this episode (hot off the press!) is a fantastic opportunity to learn from the best! There's also a Bonus Takeaway lesson from Niti that is sure to resonate with parents out there! Please join us. 

 

"Whether you plan to quit your job or not, it doesn...

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Baltimore Triplex Success: How Hairat Leveraged the BRRRR Formula

podcast Dec 15, 2023


How do you turn your property portfolio into a bonafide income stream? Hairat is a consultant with plans to become 'work optional' in the next five years. 

 

After joining the Open Spaces program in 2023, she already has 3 doors and her dream of getting her real estate investments to work for her is already starting to pay off. 

 

Living in Maryland, Hairat and her husband decided to invest in Baltimore. They ended up buying a triplex and were able to use Palak and Niti's formula to the “T” to execute their BRRRR! 

 

Hairat's skills lie in her ability to communicate confidently and clearly. This started with networking when she'd tell people she was a real estate investor, which led to her meeting her agent. And this continued with her General Contractor, who she'd phone daily to ensure no surprises during the reno phase.

 

There are lessons aplenty in today's episode of The Wealth Blueprint, where Palak makes a surprise appearance towards the end as the discussion of knowin...

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Andrew's Investor Mindset – 2 Properties, 1 Dream

podcast Dec 08, 2023

 

What does Year One of a Five Year Plan to exit the corporate rat race and enter the world of real estate look like? 

 

Join Open Spaces at the BRRRRCON 2023 on Dec 8, 2023! Learn from industry leaders to make, multiply, and protect your wealth! – www.thebrrrrcon.com 

 

For Andrew, a shining star of the Open Spaces community, this has involved closing on two properties already. And a plan for financial freedom that was beyond his imagination when he began.

A father of three kids who’s been married for over 22 years (he calls his wife his ‘accountability partner’) and working for a global payments company, Andrew’s life was full. But he still felt something was missing. 

And, like for many of us, the pandemic precipitated a change in direction. But what would Andrew do to find more fulfillment?

First, he tried bartending to connect with people after the lockdown, and then he met a realtor friend. This coincided with him coming across Open Spaces online. The rest, as they say...

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Q & A Replay: Your Guide to Financial Freedom Through Real Estate

podcast Dec 01, 2023

 

Are you looking to break the cycle of generational wealth? Are you fed up that other people seem to have it all figured out when it comes to making money in real estate? If so, then this episode of The Wealth Blueprint is for you! 

 

Join Open Spaces at the BRRRRCON 2023 on Dec 8, 2023! Learn from industry leaders to make, multiply, and protect your wealth! – www.thebrrrrcon.com 

 

Find your tribe with Palak and Niti as they share their experience and wisdom, for free, in a delightful Q&A session facilitated by Aviv, their senior adviser from their Mastery community. 

 

Starting with their own backstory, Palak and Niti share the steps they took to quit their real jobs and make a go of it full-time, using property to create passive income and true generational wealth.

 

Learn how to buy and hold your assets, how to start planning for 2024 NOW, which parts of the USA are smart investment areas currently, and what it takes to get a good, reliable team together. 

 

Buyi...

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How To Find and Vet People To Work with if You Are New at Investing

podcast Nov 24, 2023

So, you're new to investing in real estate and you don't know who to trust? Fear not! Our favorite real estate power couple, Palak and Niti, are back to help you learn how to find and vet the people you will need to work with along the way in your real estate journey.

 

Join Open Spaces at the BRRRRCON 2023 on Dec 8, 2023! Learn from industry leaders to make, multiply, and protect your wealth! – www.thebrrrrcon.com 

 

Learning how to work with real estate agents and contractors, analyze and finance deals, and employ all manner of people in an industry new to you can feel like a daunting and overwhelming task. 

After all, this is probably somewhat removed from what you've experienced previously in your day job!

See your accountant, insurance person, and your attorney as a ‘trifecta’ that will protect your assets and reduce your tax liabilities. It is critical for your success as an investor that these three work together as a team. 

Becoming part of an investor community will ...

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