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How We Built A 10 Million Dollar Rental Portfolio in 5 Years
Manage episode 442298929 series 3473094
Content provided by Palak Shah and Niti Jamdar, Palak Shah, and Niti Jamdar. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Palak Shah and Niti Jamdar, Palak Shah, and Niti Jamdar or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
As a high earner, how do you build a multi-million dollar portfolio in three to five years, and make work optional? In this episode, Palak and Niti offer guidance on the ‘SCALE’ framework that has helped them build a $10 million dollar rental portfolio in 5 years and allowed them to retire from their high-paid jobs.
They cover the BRRRR strategy, and how they learned to implement it differently than other investors. Understanding their SCALE Framework means you won't have to make the same mistakes they did as you build your property portfolio.
The SCALE Framework is a blueprint that allows you to scale fast, build cash flow fast, and use the least amount of time. It's a surefire plan to build your multi-million-dollar property portfolio in no time. Let's dive into the show.
"As Warren Buffett says, sometimes it's not about how hard you're rowing the boat, sometimes it's about what boat you're in." Niti Jamdar
"We wanted to be involved in real estate, not from a transactional perspective. We wanted to be involved in real estate from a long-term buy-and-hold perspective because that's how wealth is made." ~ Palak Shah
In this Episode:
- 0:40 Introduction
- 4:05 Understanding the BRRRR Strategy
- 6:45 Limitations of the Traditional BRRRR
- 9:40 Translating Corporate Skills into Real Estate Investing
- 12:16 The S.C.A.L.E Framework
- 13:40 Scalable Acquisitions
- 15:54 Construction without the DIY
- 17:10 Adding Cash Flow
- 17:54 Leverage and Commercial Financing
- 15:54 Construction without the DIY
Resources:
- Get a copy of Accelerate Your Real Estate - https://a.co/d/bdW6j7K
- Book a call - http://www.openspaceswomen.com/bookacall
- FREE 5-Day Real Estate Investor Accelerator - https://www.openspaceswomen.com/5day
Connect with Palak and Niti
- Website: https://www.openspaceswomen.com/
- Instagram: https://www.instagram.com/openspaceswomen/
- Facebook: https://www.facebook.com/openspaceswomen
- LinkedIn: https://www.linkedin.com/company/openspacescapital/
- YouTube: https://youtube.com/@openspaces1251
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