The Wealth Blueprint: Financial Freedom Through Real Estate

What does a $10 million panel of new real estate investors sound like? Tune in to today's awesome group chat to find out! 

Fans of The Wealth Blueprint will know of our Sensei Sessions, where we interview members of the Open Spaces community to share insights into their real estate journey.

And so today, as a special surprise, we've brought together an entire Sensei panel of early-stage investors with a combined wealth of $10 million! 

It's not so much about the money as it is about the acquired knowledge and the power of community as these investors share their challenges and celebrate their wins. 

If you've been curious as to what the Open Spaces community actually feels like to be a part of, then today's fun episode will show you all about the spirit of human connection as we reach our arms towards the sky for that next million. 

We're done playing small. This is 2024, baby. It's time to make our dreams come true! Please join us. 

"Lean on a bunch of people in the community who know what you are going through because that will definitely help your mindset going forward to reach your goals."  ~ Vanessa 

In This Episode:

- 02:13 An introduction to all the Sensei panel investors

- 09:35 Unpacking mindset shifts

- 16:10 Learning to lean on your community

- 18:08 Getting comfortable as a business owner

- 21:17 Finding solutions to real estate challenges

- 31:45 Advice for newcomer investors!

- 45:38 Learning not to compare yourself with others

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

- Twitter: https://twitter.com/openspaceswomen

- LinkedIn: https://www.linkedin.com/company/openspacescapital/

- YouTube: https://youtube.com/@openspaces1251

- TikTok: https://www.tiktok.com/@openspacesacademy

How do you get your contractor to finish off your punch list? And how do you get the right referrals for contractors in an area which is new to you? 

Today’s Sensei Sessions guest is Tasha, a partner at a law firm that deals with patent litigation. 

Tasha has her hands full with her job and raising two kids, yet she still finds time to create passive income through real estate and work towards true financial freedom. Today, she shares her experience from two BRRRR property deals in Tennessee. 

This episode is an inspiring lesson on how to do extraordinary things like building a $ 3 million dollar real estate portfolio, running after a toddler, and not breaking a sweat while doing either.

Learn about why you need an investor-friendly contractor, which Facebook groups to join for referrals, and the power of an accountability group in today’s awesome episode. Please join us. 

“The biggest mindset shift is on the scaling side—looking at it as if you work in corporate America.” ~Tasha 

In This Episode:

- 00:50 How did Tasha get into real estate?

- 02:55 How does Tasha manage her time?

- 05:56 Unpacking Tasha’s Property Deals

- 07:35 Tasha’s first BRRRR property in Tennessee

- 11:30 The difference between a cosmetic rehab and a ‘heavier’ one

- 14:33 How did Tasha find her team? 

- 17:45 Understanding how to work with your contractor

- 20:23 Crunching the numbers on Tasha’s properties

- 25:36 How to find an affordable, investor-friendly contractor

- 28:38 How Tasha found the right realtor

- 32:09 The power of joining real estate Facebook groups

- 34:16 What’s happening with Property #2?

- 37:09 How much does trash removal cost? Budget details

- 42:20 How has real estate investment changed Tasha’s mindset? 

- 44:55 Getting an accountability group together - and then making a start!

- 47:35 What’s next on Tasha’s radar? 

- 48:58 Making time for your accountability group

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

- Twitter: https://twitter.com/openspaceswomen

- LinkedIn: https://www.linkedin.com/company/openspacescapital/

- YouTube: https://youtube.com/@openspaces1251

- TikTok: https://www.tiktok.com/@openspacesacademy

How do you succeed as a real estate investor while balancing work, family, and overcoming life challenges? This is the inspiring story of Kimberlee, who is here to share her real estate investment tips as a graduate of the Open Spaces program.

From figuring out accurate property values to using a lender to stay within budget, Kimberlee's hard-earned advice is gold for any new investors out there.  

Forming an accountability group as you connect with others and grow your community so that you create your 'deal pipeline' in anticipation of when you're ready for your next door are all expertly addressed by Palak and Kimberlee in an episode of The Wealth Blueprint that leaves no stone unturned when it comes to making the right deal work for you!

And, as Kimberlee reflects on something Niti said to her, "Sometimes the best deal is not getting into a bad deal." So make the smart choice by sharpening your pencil and sharpening your ears as you tune into a conversation that will blow you away with its practical property purchasing panache! Please join us.

"You can't give a W2 job to your children, but I can give real estate to my kids." ~ Kimberlee

In This Episode:

- 01:50 Kimberlee's life and background

- 04:52 Flipping the script on the 'Gold Watch at Retirement' mindset

- 06:35 When was Kimberlee ready to put in her first offer?

- 09:50 Sometimes The Best Deal (is not getting into a bad deal)

- 11:15 What made Kimberlee choose Dallas?

- 14:04 How to get a realistic ARV (After Repair Value)

- 16:24 Living by the spreadsheet

- 19:44 How did Kimberlee build her team?

- 21:11 Did Kimberlee have any fears about her neighborhood?

- 24:48 Finding time to dedicate to your real estate dreams

- 31:23 Why your circle (community) and accountability group is so important

- 34:23 "The journey is YOURS" (Last Words of Inspiration from Kimberlee)

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

- Twitter: https://twitter.com/openspaceswomen

- LinkedIn: https://www.linkedin.com/company/openspacescapital/

- YouTube: https://youtube.com/@openspaces1251

- TikTok: https://www.tiktok.com/@openspacesacademy

How do you find your ideal BRRRR property, rehab multiple homes at once, manage your cash flow, and maintain productivity while juggling your two full-time jobs? It sounds insane, right? 

Not for Heta and Mehul, today's power couple from Chattanooga, who already have a portfolio value of nearly $1 million across four properties. 

Their goal now is to reach $2 million annually over the next 5 years while potentially expanding to new cities. They credit Palak, Niti, and the Open Spaces community for supporting their success.

As a couple, they are simply inspirational as they divide their work during their lunch breaks, work in the evenings, and take calculated risks. 

Learn why rehabbing two properties is better than one in today's Sensei Sessions, which comes with double the perspiration and double the inspiration. Please join us!

"We are risk takers. We got married after talking for five minutes." ~ Mehul

In This Episode:

- 00:39 Introducing Heta and Mehul

- 01:24 What got them interested in real estate? 

- 06:37 How to find people you can trust to form your team

- 13:42 What was the bidding process like? 

- 16:34 Working with a realtor who understands you putting in multiple offers

- 20:18 How do Heta and Mehul handle insurance?

- 21:46 Going from Zero to Two rehabs at once!

- 23:00 How a power property couple shares their workload

- 25:19 Why you should rehab two at a time

- 28:09 What has been challenging working together? 

- 32:02 How to Maintain Momentum throughout the day

- 35:45 Mindset advice for increased balance

- 40:45 Understanding the calculations (when you don't need a spreadsheet)

- 45:09 Taking more money out with their 4th property

- 46:33 When should you save a property on Zillow?

- 53:33 What is Heta and Mehul's goal for the future?

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

- Twitter: https://twitter.com/openspaceswomen

- LinkedIn: https://www.linkedin.com/company/openspacescapital/

- YouTube: https://youtube.com/@openspaces1251

- TikTok: https://www.tiktok.com/@openspacesacademy

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 hese 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 about. You don’t need to feel alone as you walk your path to financial freedom! 

"BRRRR strategy has basically changed my life in so many positive ways. In ways where, like, I never knew that I had this side of me before." ~ Vanessa

In This Episode:

- 02:24 How has the BRRRR strategy changed Rebecca's life?

- 07:39 The power of liberation through learning

- 15:15 What a clear path ahead looks like

- 20:18 The value of good mentors

- 24:25 Using OPM (Other People's Money)

- 29:41 How the program builds confidence for beginners

- 34:05 What is your 'number'? When do you want to stop?

- 47:40 The power of passive income

- 52:07 "If you want to go fast, go alone. If you want to go far, go together."

- 53:10 What is your fire?

- 56:05 Set your goals! Build your empire!

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

- Twitter: https://twitter.com/openspaceswomen

- LinkedIn: https://www.linkedin.com/company/openspacescapital/

- YouTube: https://youtube.com/@openspaces1251

- TikTok: https://www.tiktok.com/@openspacesacademy

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 and for wealth creation.” ~ Efe

In This Episode:

- 00:44 How did Efe decide on investing in real estate? 

- 07:17 Discovering Palak’s program (and the BRRRR method)

- 08:39 How to act decisively and move fast  

- 11:42  Finding properties in Philly

- 14:00 How to find the right people to work with

- 17:04 Do you have to work with multiple money lenders to do multiple rehabs at once?

- 20:56 Making unexpected visits to your property to assess the progress

- 22:31 Setbacks are a part of growth

- 31:41 Having a faith-based mindset

- 33:39 That feeling of being over-leveraged

- 39:41 The Importance of a Good System

- 43:33 Why You Need to Trust The Process

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

- Twitter: https://twitter.com/openspaceswomen

- LinkedIn: https://www.linkedin.com/company/openspacescapital/

- YouTube: https://youtube.com/@openspaces1251

- TikTok: https://www.tiktok.com/@openspacesacademy

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 not sitting at their desk monitoring the money—that's our job as investors, right?" ~ Palak Shah

In This Episode:

- 00:58 Are you keeping your strategy in mind? 

- 03:07 Are you doing proper market analysis?

- 03:58 Are you keeping your customer in mind?

- 05:07 Are you underestimating your reno costs?

- 06:51 Do you have a contingency plan?

- 08:20 Are you monitoring your rehab closely enough? 

- 10:33 Do you have enough liquid cash set aside for emergencies? 

- 11:51 Is your renovation too trendy?

- 13:23 Are you using low-quality materials? 

- 15:18 Are you just hiring the cheapest contractor available? 

- 19:14 A recap of all 10 common renovation mistakes

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

Connect with Palak and Niti

- Website: https://www.openspaceswomen.com/

- Instagram: https://www.instagram.com/openspaceswomen/

- Facebook: https://www.facebook.com/openspaceswomen

- Twitter: https://twitter.com/openspaceswomen

- LinkedIn: https://www.linkedin.com/company/openspacescapital/

- YouTube: https://youtube.com/@openspaces1251

- TikTok: https://www.tiktok.com/@openspacesacademy

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, what it looks like applying a lot of the SOPs that the Open Spaces program provides you with to help you on your way to your own financial and time freedom. Please join us. 

 "Know your neighborhood. Spend the hours to know your neighborhood. I know it's exciting to write offers and get the offer under contract. But you also want to know when there's a good deal." ~ Natasha

In This Episode:

- 01:04 How Natasha transitioned from tech to real estate

- 03:48 Developing the right mindset for real estate investing 

- 09:56 How to select your agent (understanding the real estate process)

- 13:09 How to find the right lender and agent

- 18:40 Scripts that give you a starting point for negotiating with contractors

- 21:42 Real estate investing strategies and property analysis for certain zip codes 

- 33:47 How to build your relationship with your agent and GC 

- 40:20 Unpacking Natasha's rehab budget and closing costs

- 45:04 'If you don't know, ask'

- 54:10 The importance of getting to know your neighborhood

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

- Redfin - https://www.redfin.com/

- Zillow - https://www.zillow.com/

Connect with Palak and Niti

- Website: https://www.openspaceswomen.com/

- Instagram: https://www.instagram.com/openspaceswomen/

- Facebook: https://www.facebook.com/openspaceswomen

- Twitter: https://twitter.com/openspaceswomen

- LinkedIn: https://www.linkedin.com/company/openspacescapital/

- YouTube: https://youtube.com/@openspaces1251

- TikTok: https://www.tiktok.com/@openspacesacademy

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 Always have a contingency 
• 08:01 Not knowing how to make quick decisions
• 09:49 Wanting perfection
• 11:00 Not managing your expectations
• 12:09 Not offering options to a seller
• 13:41 Not knowing what your seller wants
• 14:44 Expecting to negotiate on the price and terms all at once

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

Connect with Palak and Niti

• Website: https://www.openspaceswomen.com/
• Instagram: https://www.instagram.com/openspaceswomen/
• Facebook: https://www.facebook.com/openspaceswomen
• Twitter: https://twitter.com/openspaceswomen
• LinkedIn: https://www.linkedin.com/company/openspacescapital/
• YouTube: https://youtube.com/@openspaces1251
• TikTok: https://www.tiktok.com/@openspacesacademy

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't matter. The whole idea is optionality. If you have a second stream of income, if you have a few rentals, that gives you the option at some point to say, 'Hey, I'm going to quit my job'." ~ Niti Jamdar

In This Episode:

• 02:08 Welcome to the 5 Key Takeaways of BRRRRCON 2023
• 03:00 Takeaway #1: Never depend on a single income 
• 04:19 The 7/2/1 Formula on How To Save 
• 05:45 Invest First, Then Spend
• 06:37 Out of Sight, Out of Mind
• 08:35 Takeaway #2: It's not about the cashflow in the short term
• 11:02 Learning not to track cashflow as a KPI 
• 12:52 Takeaway #3: Billionaires are obsessed with Buying and Building 
• 14:15 Why Buying and Holding is such a Great Plan
• 16:20  Takeaway #4: Investing is a Team Sport
• 19:58  Takeaway #5: Investors understand Unlimited ROI
• 21:27 Never stop with your own learning process
• 23:10 Bonus Takeaway: Think about your WHY

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

Connect with Palak and Niti

• Website: https://www.openspaceswomen.com/
• Instagram: https://www.instagram.com/openspaceswomen/
• Facebook: https://www.facebook.com/openspaceswomen
• Twitter: https://twitter.com/openspaceswomen
• LinkedIn: https://www.linkedin.com/company/openspacescapital/
• YouTube: https://youtube.com/@openspaces1251
• TikTok: https://www.tiktok.com/@openspacesacademy