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The Wealth Blueprint: Financial Freedom Through Real Estate
The Wealth Blueprint: Financial Freedom Through Real Estate episodes
- From Philly to Financial Freedom: A Member’s Journey Through Our Program
What does it look like to come from New York, now live in LA, and invest in your first property in Philadelphia? This is the story of one of Open Spaces' wonderful members, Rupali. She is joined today by Open Spaces' Chief Media Officer, Cheryl Tan, as she shares her journey of becoming a long-distance investor.
Welcome once again to the Open Spaces Real Estate Sensei Sessions, where people who have been through Palak and Niti's program share their insights, their ups, and their downs in the real estate game as a valuable way of offering community support to other first-time investors out there.
For Rupali, she had never owned a property before and still hasn't actually seen her Philly apartment in person! But after taking the Open Spaces course, she set aside some early bird West Coast hours to scout online for East Coast deals – and she soon found the right BRRRR opportunity for her.
Rupali graciously shares her experience of how the weekly calls with Palak, the clearly laid out timeline of events, and the way to manage her contractor were all part of an integral support plan that means she has remained calm throughout the entire process of her first real estate deal.
This episode will be of tremendous value to anyone who is not just looking at their first BRRRR deal, but also that deal being a long-distance one. Please join us.
"Before the program, I had no real estate properties or investments. And now I have one. That's a very clear result of the program." ~ Rupali
In This Episode:
- How Rupali got started in real estate
- Rupali crunches the numbers on her first investment in Philadelphia
- Palak's 3 Ways To Get a Deal
- Where Rupali is currently at with her Philly property
- The value of the weekly calls with Palak
- Rupali's insights into the program
- Resist the 'shiny object syndrome'!
- Rupali's risk assessment of doing a long-distance BRRRR
- The merits of blocking off time early in the morning to look at deals
- What is Rupali's plan to grow?
- How is Rupali managing her team?
- The importance of being clear on your vision
- Rupali's advice for long-distance investors
Resources:
Get a copy of Accelerate Your Real Estate - https://www.openspaceswomen.com/book
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
38 min - How To Own Your First Property Using the BRRRR Strategy
Welcome to the Open Spaces Real Estate Sensei Sessions – where freedom from the golden handcuffs of high-paid jobs awaits!
The Wealth Blueprint Podcast's Palak Shah is also the co-founder of Open Spaces and she is handing over the reins of the show to her Chief Media Officer, Cheryl Tan, who is interviewing portfolio program auditor Rosana on how the BRRRR strategy improved her life.
Building your real estate portfolio through systems and processes using Open Spaces's super-charged BRRRR strategy is truly a thing of beauty. Rosana shares how being introduced to Palak and Niti's real estate program and the BRRRR strategy has opened her eyes to the potential of real estate.
Taking that leap of faith to get your first property and cutting out all the noise from the real estate world so that you can simply focus on the proven strategy at hand is succinctly articulated by Rosana in this inspiring episode of Open Spaces Real Estate Sensei Sessions, on The Wealth Blueprint podcast. We trust you will enjoy the show!
"All you need is really good guidance. And I think the guidance (from Open Spaces) allows you to cut out all that extra noise that you hear in the real estate world." ~ Rosana In This Episode:
02:01 - How Rosana came to work with the Open Spaces Real Estate team
05:20 - What is Rosana's main takeaway from working with Palak and Niti?
06:30 - Learning to focus on a clean and clear strategy that works
07:30 - How did the Open Spaces program help Rosana to own her first property?
08:20 - What are Rosana's future property plans and ambitions?
Resources:
Get a copy of Accelerate Your Real Estate - https://www.openspaceswomen.com/book
FREE 5-Day Real Estate Investor Accelerator - https://www.openspaceswomen.com/5day
The One Thing (book) - https://www.amazon.com/ONE-Thing-Surprisingly-Extraordinary-Results/dp/1885167776
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
19 min - Why a Virtual Assistant Could be a Game-Changer for Your Business!
Why is it important for you to hire a Virtual Assistant – and when is the right time to do so? To help you up your business game, Palak and Niti are offering us their tried and tested tips for working with a virtual assistant in this super practical episode of The Wealth Blueprint.
If you are the only ‘doer’ in the business and everything falls on your shoulders, you’ll find it hard to build systems and processes – and precious time is then taken away from growing and scaling your business.
Help in executing the smaller tasks with the help of a virtual assistant is like having an extra pair of arms and legs!
From learning not to just delegate the tasks you don’t want to handle, to how to create opportunities for your virtual assistant to come to you when they’re stuck, turning your virtual assistant into a game-changing reality for you and your business is just a download away!
Please enjoy these amazing tips on how best to get the most out of a virtual assistant so that you can scale with ease!
“If you don’t hire a virtual assistant, it’s like a death by a thousand cuts. Because every little thing will fall on your shoulders alone.” ~ Niti Jamdar
“As a CEO, whether it’s in real estate or any other business, your job is to grow the business.” ~ Palak Shah
In This Episode:
01:20 Why do you need a virtual assistant?
02:25 Understanding your job as a CEO
03:20 Don’t just give your VA the jobs you don’t want!
04:40 How to give your VA opportunities to come to you when they’re stuck
05:40 Using Slack as a communication channel with your virtual assistant
06:52 The importance of detailed feedback and clear SOPs early on
08:40 Writing down what you’re doing (so you know what you can delegate)
09:48 The Virtual Assistant Challenge – hiring someone for just two weeks
11:24 Using an agency to find someone for you
Resources:
Get a copy of Accelerate Your Real Estate - https://www.openspaceswomen.com/book
FREE 5-Day Real Estate Investor Accelerator - https://www.openspaceswomen.com/5day
The One Thing (book) - https://www.amazon.com/ONE-Thing-Surprisingly-Extraordinary-Results/dp/1885167776
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
13 min - Top 5 Character Traits of Successful CEOs
What are the common traits of highly successful CEOs that you can learn from and apply in your own business from the get-go?
Palak and Niti are offering us five of the most common successful character traits of CEOs that they’ve been exposed to in their mastermind groups and real estate business.
Every upside in business has a downside, and just because you are growing doesn’t mean you won’t have problems. How you learn to view problems in the business as not problems with the business is just one of the savvy insights this week’s episode of The Wealth Blueprint offers.
Learn about how CEOs embrace uncomfortable change and the value of forming good long-term relationships in this insightful episode from Palak and Niti. Please join us.
We trust that you will find this episode to be of great value. Please feel free to share it with your friends.
“These CEOs are constantly working in their own lane.” ~ Palak Shah
“If you want to work with good quality vendors and if you want to attract a good quality team that works for you, you have to put out that energy in the world that you are there to give.” ~ Niti Jamdar
In This Episode:
0:50 Committing to your vision - and saying NO to everything else
3:57 Being long-term focused versus transactional
6:23 How top CEOs are constantly working on themselves
9:20 Adding value first – how CEOs don’t always expect something in return
11:00 Not looking at problems in the business as the business being the problem
Resources:
Get a copy of Accelerate Your Real Estate - https://www.openspaceswomen.com/book
FREE 5-Day Real Estate Investor Accelerator - https://www.openspaceswomen.com/5day
The One Thing (book) - https://www.amazon.com/ONE-Thing-Surprisingly-Extraordinary-Results/dp/1885167776
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
16 min - Avoiding the 5 Biggest Mistakes New Investors Make
Let's say you're new to investing. What are some of the common pitfalls you need to avoid falling into on your journey to financial freedom? Niti and Palak have identified five key mistakes that first-time investors make repeatedly – and they're here today to ensure you don't make them yourself.
By providing us with these five critical pitfalls on what not to do as a new investor, the Wealth Blueprint is also cleverly offering us sage advice on what we should be doing too – and this is the stuff that can truly align your property dreams with a hardened ambition that saves you time, money, and energy in the long run.
If you're not growing as a person and developing your mindset, your business is not going to grow. How are you learning about investing and making incremental updates to your financial model as you get started?
As Palak and Niti emphasize, money is made in the seemingly mundane – it's not acquired by choosing the tiles and trying to do every aspect of your own property rehab yourself.
From choosing a strategy and sticking to it, to using your goals as motivation for your growth, be like Sisyphus and keep pushing the rock that is your property portfolio all the way uphill until the going gets easier!
We trust that you will find this episode to be of great value. Please feel free to share it with your friends.
"It's gonna get harder before it gets easy. And that's when most people give up." ~ Palak Shah
"Success is limited to your personal growth." ~ Niti Jamdar
In This Episode:
00:55 Don't chase the shiny object!
03:40 Don't start in the middle of somebody else's journey
05:45 The larger you grow, the bigger your setbacks
06:45 Be prepared to learn from your mistakes
09:25 Beware DIYing your own process
11:50 Are you focusing on your personal growth?
Resources:
Get a copy of Accelerate Your Real Estate - https://www.openspaceswomen.com/book
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
17 min - Who in the World Has Time to Build Wealth?
In today's busy world, who's got the time to build real wealth? Demanding jobs, young kids, aging parents, social media distractions, and trying to find a moment for ourselves in between... life is full! So, how are we supposed to build wealth?
It starts with a mindset shift: turning "I Have to do" into "I get to do"; appreciating that your position in life is one of privilege and that opportunities for you do exist. From there, we can address how we are looking at our day through the lens of becoming more productive.
Today's episode is more than just a blueprint for acquiring generational wealth: it's a template for improved everyday living that includes all the best tips and tactics for becoming more productive that Palak and Niti have acquired over the years.
As we look to resolve the chicken and the egg conundrum of needing more time to generate more wealth in order to buy back our time, Palak and Niti's hacks for overcoming your time constraints take the dilemma out of the equation. We are confident you will find this episode to be of immense value.
"Wealth building is a privilege." ~ Palak Shah"Building wealth is a rock in your life. It's one of the most important things you'll do for yourself." ~ Niti JamdarIn This Episode:
02:00 Appreciating that wealth generation is a privilege that not everyone gets to enjoy
05:19 What systems and processes are you implementing in your daily life?
11:59 What Top 3 tasks are you tackling first in your day?
13:05 Appreciating calendar blocking
16:48 How are you scheduling time for self-care?
20:53 Are you an 'obliger'? Who's holding you accountable to your goals?
Resources:
FREE 5-Day Real Estate Investor Accelerator - https://www.openspaceswomen.com/5day
Get a copy of Accelerate Your Real Estate - https://www.openspaceswomen.com/book
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
24 min - How to Break Generational Money Cycles?
What's holding you back from making real money? Have you heard of generational money cycles? Growing up, we inherit beliefs (including limiting ones!) from our parents and grandparents before them.
Palak and Niti have dealt with their fair share of new investors who've struggled to come to terms with this, and so in today's episode, they're sharing just how to overcome these limiting beliefs.
We can blame our lack of success on strategy and tactics, sure. But what about mindset? Is your head in the right place? Are you gaslighting yourself, perhaps? Constantly pushing ourselves isn't the only way to success. In order to be productive, we need rest too.
Appreciating how times are changing fast (for our parent's generation, the concept of 'parenting' wasn't even a thing) means that we need to adapt to modern investment philosophies, which involves breaking down the walls of thinking that are holding us back.
Learn all about how to apply patience and grace when doing this, the value of surrounding yourself with people who share a similar growth mindset, and so much more in this episode of The Wealth Blueprint that's daring you to do better, one mindset shift at a time.
"Unless you understand where the (limiting) beliefs are coming from, it's hard to overcome them." ~ Niti Jamdar"Success, when it comes to mindset especially, is not a straight line." ~ Palak ShahIn This Episode:
01:20 - Challenging our well-intentioned upbringings
04:10 - Understanding where your limiting beliefs originate from
05:30 - Surrounding yourself with like-minded people
07:28 - The value of patience and grace when breaking these cycles
11:25 - Appreciating how 'parenting' is so different today
Resources:
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
16 min - How to Overcome Fear in Investing?
What do you do if you are afraid of investing? How do you manage risk? Fear is often the thing that prevents us from taking action, and today's episode of The Wealth Blueprint is all about overcoming that fear.
Palak and Niti are back, and this week they're talking about mindset hacks to overcome fear, as well as a specific framework for implementing the right investment strategy.
They're also drawing on their wealth of real estate experience by providing specific examples of how to use the BRRRR method effectively, and what you can do to overcome risk.
Approaching fear with curiosity by listening to your body is as important as learning to flex your risk muscle. Because if you are wanting to become an entrepreneur, the truth is that you will need to take risks along the way.
Thankfully, with The Wealth Blueprint to listen to, great investment advice on adopting the right mindset is just a click away. Please join us on this episode that is guaranteed to leave you feeling less afraid of the potential real estate investments waiting for you!
“The pain of not being there with them (our kids) and being able to control our own time and our own destiny... that was far greater than the fear of failing." ~ Palak Shah
"If you take smaller risks first, you start flexing that muscle." ~ Niti JamdarIn This Episode:
01:57 - The value of assessing the risk – and then mitigating it
03:20 - Understanding that a conservative mindset has (perhaps) been instilled in you
04:43 - Insights from philanthropist Sara Blakely: what did you fail at today?
06:12 - Figuring out your WHY and what really motivates you
08:30 - Dissecting your risk into manageable issues
09:38 - Creating a risk assessment strategy to quantify your risk
11:34 - Making the right decision based on best and worst-case scenarios
19:21 - Surrounding yourself with mentors (there's no transformation in isolation)
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
22 min - How to Invest in 2023
Are you ready to invest? Right now? In 2023? What's holding you back? The question always comes up: is this the right time to invest? The market is constantly shifting, and Palak and Niti have their finger on the pulse of all things property, ready to provide you with the right, educated answer.
Unless you're an investor, it's difficult to understand the market's ebbs and flows. And while Palak and Niti took a chance years ago and have now built up a $10 million property portfolio, some of their friends are still asking, "Is now a good time to invest?"
As Palak wisely points out, that's not the right question – or even the right attitude. The right question is, "How can I take advantage of what is happening right now?" It's not "Should I be investing?" as Niti agrees, but "How should I be investing?"
There's more sage advice inside in this electrifying episode of real estate in the moment, in the year 2023. Let's dive into the show.
"Buy and hold is a very forgiving strategy. It's not like a flip where you buy, and then you have to sell it no matter what." ~ Niti Jamdar
"When we first got started, I called 90 some banks and created a giant encyclopedia because everyone had very stringent considerations on what they needed to see before they would fund a deal. And it's not like that anymore. It's very different right now. And as I’ve seen that, and now seeing this, we can see all the opportunities." ~ Palak ShahIn This Episode:
02:30 - Asking the right question - seeking advantage in what's going on currently
04:40 - Appreciating the BRRRR strategy for long-term wealth
11:20 - How Palak and Niti coped with COVID (seeing opportunity)
11:50 - Understanding the investor's perspective on market cycles
14:00 - Identifying what we need to do now in this specific property market cycle
18:38 - What skills do you need to develop in 2023 to BRRRR wealth?
20:00 - Assessing your own capabilities so you can get better at property investment
And more!
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
23 min - Overcoming Analysis Paralysis With the ABLE Framework
How do you get out of analysis paralysis when considering investing in real estate? Welcome to The Wealth Blueprint. Today Palak Shah is flying solo, showing us how to take action and get started with your property portfolio in four easy steps.
What is your property Avatar? Understanding the neighborhood that you're in, and the specs that you are after, is where Palak starts in unpacking her ABLE framework. Is your ideal property investment small, simple, and scalable?
Palak is also sharing her wisdom on how you need to verbalize the lifestyle you are after and repeat it like a mantra. Getting into property and getting past analysis also involves managing your expectations and taking a leap of faith. With The Wealth Blueprint, taking that leap of faith has never felt better. Let's dive into the show.
"I want to share this framework with you today because it's plug-and-play. You can implement this directly into your business, into your life. If you are someone who loves to grow generational wealth, achieve time and location freedom, and personal growth, you can take this framework and put it in your life and achieve success." ~ Palak ShahIn This Episode:
0:51 - How Palak developed the property investment framework, ABLE
01:10 - How to take action NOW and implement the ABLE Wealth Blueprint framework for yourself
07:50 - Is your ideal property investment small, simple, and scalable?
06:45 - A stands for Avatar (what is your property avatar?)
14:14 - B is for Blinders (sticking to your avatar)
15:25 - L is for Leap of Faith (take it!)
16:35 - E is for Expectations (manage them!)
And more!
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
21 min
About The Wealth Blueprint: Financial Freedom Through Real Estate
From the publisher's feed
Some of us followed the traditional path to success. We put in the work. We got the education, the job, the good salary. But generational wealth still feels out of reach.
This is not about buying Lamborghinis. It’s not another zero money down, get rich quick scheme. This show teaches high earning professionals how to make their careers optional by turning a little bit of savings into a real estate portfolio worth millions.
Hosts Palak and Niti did it themselves. They’re sharing the blueprint that let them replace their six figure salaries with passive income, achieve financial freedom, and build an investment portfolio that will change their children’s lives.
They’ve already taught hundreds of others to do the same. If you have a little bit of money to invest, and a few hours per week you’re willing to dedicate to your future, this is the place to start.