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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...

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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...

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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. 

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Demystifying Different Types of Long Term and Short Term Loans

podcast Nov 17, 2023


How do you finance your next property? Palak and Niti are back to offer advice on long and short-term loans, as well as financing options that you might not have even heard of yet.

 

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 

 

If you enjoy the empowering feeling that comes with owning real estate but remain unsure as to what your next move is for that second property, then stick around because The Wealth Blueprint has got you covered.

 

In this powerful episode, Palak and Niti are breaking down the difference between short and long-term loans, and then crunching the numbers on what an average deal could look like so that you can see just how little money you actually need to bring to the table. 

 

They're also offering us sage advice on when you should use a hard money lender (almost always), and when it's okay to go with getting a loan from...

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The Easiest BRRRR You Can Do

podcast Nov 10, 2023

 

How can you make $100K in a single real estate deal without buying another investment property? Welcome to the easiest BRRRR deal you can do!

 

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 

 

Palak and Niti have executed this deal three times so far. And, so long as you own your primary residence, you can make $100K by forcing the appreciation on the property that you live in. Many others in the Open Spaces community have done it too – some even successfully combined a primary residence BRRRR with a house hack!

 

Living in your primary residence and then fixing it over time means you don't need to spend all your renovation budget at once. There's no need for additional financing, and because you're living in the property, you can manage it better as you keep an eye on your contractors!

 

For many of us now working from home after COVID,...

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How To Move from Thinker to Doer in Real Estate Investing

podcast Nov 03, 2023

What does it feel like to really 'own' your identity as an investor? Angie was part of the Open Spaces team but didn't yet own any property herself. She was stuck in the 'I'm still thinking about it' phase. Who can relate? 

 

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 

 

Eventually, Angie grew tired of seeing other people (older than her and with seemingly more to lose) sharing their joy at completing the Open Spaces program and closing on their first property. So she did something about it. 

This is the story of Angie's House Hack, AKA 'the Swiss Army Knife' BRRRR, and how she managed to buy a multi-level two-door apartment in St. Louis and effectively live in the bottom half rent-free! 

Angie candidly shares how she and her partner were able to align as a couple for their first investment, and where they're at in the process now. 

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How To Reduce Rental Vacancies with Automation Software

podcast Oct 27, 2023

 

How can you reduce the vacancies in your rental properties? Using systemized processes and, more specifically, automation scheduling software, 'lockboxes,' and self-showings – that's how!

Palak is sharing a major real estate hack with us today: the ability to vet potential clients who click on your listing. And then have those vetted clients check out your property without you having to open up for them!

 

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 

 

With one click on Zillow, automation scheduling software allows the interested party to be led on a curated process for people who are searching for properties, all the while asking for basic information based on your personal screening criteria. 

The end result is a scheduled showing, which you can also structure according to your business needs. 

For Palak, this has been a revelation,...

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Construction Rehab Budgeting 101

podcast Oct 20, 2023

 

How do you budget for your construction? Many people investing in real estate are not particularly well-versed in construction, so how much should you know about a builder's plans for your property before you invest?

 

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 

 

Palak is offering us three key steps to help formulate a framework for how we estimate, solidify, and sign off on a construction budget. But first, she is asking you to show up as a legitimate investor, because just as investors are vetting their building contractors, so too are contractors vetting their investors!

 

So do your research and come prepared! Part of that preparation is provided for you in this awesome episode that will show you how to analyze your deals properly, and finish your project on budget – and on time!

 

Learn how to add a contingency percentage to your...

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Four Ways to Do BRRRR (you can probably take advantage of one of these today!)

podcast Oct 13, 2023

What BRRRR model is right for you as you look to build generational wealth and ditch the dreary 9 to 5? Open Spaces' very own Palak Shah is speaking to us directly in today's inspiring episode of The Wealth Blueprint which will help you focus on which BRRRR strategy is best 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 

 

Learn more about the 'Swiss Army Knife' of BRRRR models (called 'The BRRRR House Hack') that is so multi-faceted it can work alongside your lifestyle! Or perhaps you are sitting on a whole lot of equity in your home and the Primary Residence BRRRR is more suited to get you started?

According to Palak, there are four BRRRR models you should give due consideration to as you look to start and grow your own portfolio. By understanding these four key proven modalities, you'll be setting yourself up for long-term success by...

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Investing Out of State: Tiffany's BRRRR Path to Real Estate Wealth

podcast Oct 06, 2023

 

How do you level up your investments with the right type of financing? This was the question Tiffany asked of herself as she came to terms with the Open Spaces program and applying the BRRRR strategy - out of state.

 

FREE 5-Day Real Estate Investor Accelerator - https://www.openspaceswomen.com/5day 

 

Tiffany lives in Washington State and is a bank manager by day. She comes from a family background in real estate, and in fact, real estate has always been her passion. 

But it took the Open Spaces program and a welcoming community to whom she was then accountable to fully commit and put in an offer on her first property in Philadelphia.

In today's episode, Tiffany is sharing a nifty trick on how she got a listing agent to take her seriously, how she got her rehab underway by finding the right contractor, and the value of investing in yourself and investing in your future. As Tiffany puts it, "Before the program, I was scared. And now I'm excited!"...

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