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THIS Is How True Financial Freedom Looks Like With Niti Jamdar & Palak Shah
The concept of counterfeit financial freedom is something that many people are not aware of. But once you experience the real thing, you'll never go the other way. Today's guests, Niti Jamdar & Palak Shah, have achieved true financial freedom through real estate investing using the BRRRR Method. This dynamic duo is known as The BRRRR Experts and Retired High Earners at 40. Tune in to this episode to discover how to build wealth by buying, rehabbing, renting, and refinancing your property, then repeating the process many times.
Top 3 Things You’ll Learn:
How to supercharge your portfolio in rental real estate
You have to master a few things if you want to scale fast
When you have an abundance mindset, opportunities come to you
About Our Guests:
Niti Jamdar has 20 years of experience in strategic leadership and was an Executive in Product Strategy and Finance for a Fortune 100 company. He is the strategic mind behind the exponential growth of Open Spaces Capital.
After quitting her job as a mechanical engineer to spend more time with her kids, Palak Shah turned $25K into a 5M real estate portfolio in less than three years. She has been featured in publications such as Business Insider and BiggerPockets.
Resources:
Get the Free E-Book - https://www.openspaceswomen.com/ebook
The CASHFLOW Quadrant by Robert Kiyosaki - https://www.richdad.com/the-cashflow-quadrant
The One Thing by Gary Keller and Jay Papasan - https://the1thing.com/book/
Connect with Niti Jamdar & Palak Shah:
Website - https://www.openspacescapital.com/the-owners
Instagram - https://www.instagram.com/openspaceswomen/
Take Advantage of a Free Financial Strategy Call:
https://go.wealthwithoutwallstreet.com/free-financial-call
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5:33 - What is BRRRR?
6:08 - What made you interested in BRRRRS that you wanted to become experts?
7:55 - What was it about the corporate grind and what you were doing that paved the moment of clarity for you?
9:54 - How did you find this BRRRR method?
12:31 - Can you share how you put your system together? Was it a course you took, a book you read, or a combination?
14:47 - What would you say is the best type of person? What was the amount you were spending on real estate?
15:19 - How did you get to the point where you wanted to show other people what you're doing?
17:59 - How does the time become attainable for a busy professional who would love to have $2 or $3 million of properties every year added to their portfolio?
20:01 - Were you able to do that from the very beginning, where you don't have to go to the job sites and not try to learn how everything works?
21:47 - With the stock market downturn, why is the BRRRR method so important right now?
22:58 - Do you see any states where it's better or worse as people try to find themselves in this future?
24:28 - Do you have a recommended resource to help people figure out if this method works in their area?
26:21 - What are we really talking about? Walk us through a typical example of a property that you would look at. How much money would you put down, how much money would you put to rehab it, what would be the expectation to get it out, and what would be the rental income?
29:55 - How does the capital requirement change in your approach?
31:56 - What is the biggest obstacle your students are facing?
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