The Wealth Blueprint: Financial Freedom Through Real Estate

In today’s episode of The Wealth Blueprint, Palak shares a significant decision she and her partner Niti have made in their real estate investment strategy.

As active investors, they are in the trenches with you, trying new things and reporting back what works and what doesn’t work. They have decided to focus entirely on long-term rentals, after years of owning and managing short term rentals.

Palak shares the reasons behind this decision, the challenges faced with short-term rentals, and the numerous benefits discovered with long-term rentals.

Whether you're an experienced investor or just starting, this episode provides you with valuable insights into the pros and cons of both investment strategies and helps you make informed decisions for your real estate journey.

In This Episode

- 0:20 Introduction

- 2:09 Challenges with short-term rentals

- 2:20 Higher Vacancy Periods

- 3:02 Increased Maintenance Costs

- 4:00 Advantages of Long-Term Rentals

- 4:40 Lower Vacancy rates

- 5:50 Lower Mortgage and Maintenance Cost

- 6:20 Hotels are Making a Comeback

- 7:10 Airbnb Hosts are Making Less

- 8:40 Long-Term Rentals are Relatively Passive

- 10:17 Property Management Rates

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

When Suraj said, “I think the fact that the projects are running out of state is a blessing in disguise, because the person that I am, the control freak that I am, the quality of work that I need, would not allow me to live in peace if every one of those five projects was under my nose, because my blood pressure would always be so high," it resonated with so many that had originally felt out of state investing wasn’t for them but then tried and appreciated all that it had to offer.

If you’ve been following us, you know of our Sensei Sessions, where we interview rockstar investors in the Open Spaces community to share insights into their real estate journey.

In this special Sensei Session, we dive into the real estate investment journeys of some of our community members who have all crossed a million portfolio-wise as they share how they've scaled their portfolios, managed out-of-state properties, and overcome challenges in their real estate investment journey.

"As you scale, you’re going to have to be further away from every detail of the project." ~ Palak

In This Episode:

01:14: An introduction to all the Sensei panel investors

06:49: Overcoming Beginner Challenges

08:04: Learning to Trust Your Team as An Out-of-State Investor

09:36: Choosing General Contractors

11:50: Following the Process

12:15: Advice for Investors Afraid to take the next big step

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

In this episode, Cheryl Tan sits down with Megha Joshi, a physician who has successfully ventured into the real estate market. Megha shares her story of how she balances a demanding career, family life, and her passion for real estate, eventually making her first investment in Baltimore. This episode is packed with insights for anyone looking to fit real estate into a busy schedule and offers practical advice on getting started and staying motivated.

"Little shifts in your routine can turn into major achievements." - Megha

In This Episode:

0:28    – Introduction to Megha and her background as a physician.

1:45    – Discovering Palak and Niti's Open Spaces Program through social media.

4:20    – Balancing a busy professional and personal life while diving into real estate

6:43    – Advice for busy professionals considering real estate investment.

8:04    – Future goals in real estate and her motivation behind these ambitions

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

In this episode of The Sensei Session, we dive deep into the

world of real estate investing with a panel of seasoned experts. Join us as we

uncover the secrets behind their success, the pivotal experiences that shaped

their journeys, and the strategies they swear by. Whether you're a novice

investor or a seasoned pro, this episode is packed with valuable insights and

actionable advice to help you navigate building real estate wealth with

confidence.

In This Episode:

1:00   – Introduction of Sensei Panel members

4:20   – Incorporating

real estate in your world outside of it

7:15   – Mindset Shifts for the next level

10:51 – Real Estate Portfolio Goals

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

Join us on another episode of 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

What does it look like to go from having an interior design

and being scared to invest in real estate to go to have a portfolio of $2.4

million? This is the story of one of Open Spaces' wonderful members, Kelly. She

is joined today by Open Spaces' Chief Media Officer, Cheryl Tan, as she shares

her journey of becoming a real estate investor.

Kelly graciously shares her experience of how the guidance

from the program, the resources, support from the community and finding a

realtor who aligned with her goals have helped her grow her portfolio in the

last 18 months.

"Before the program, I was scared, I would not have

done it on my own. And now I am trying to buy a 12–15-unit apartment building,

and all in the space of 18 months." ~ Kelly

In This Episode:

1:22 – How Kelly got interested in real estate

4:46 – Deciding what property to buy

5:33 – Finding a realtor that’s perfect for you

9:00 – How the program has helped

10:24 – Lessons to focus on

13:18 – How to get past the fear

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

Our audience and community will know of our Sensei Sessions,

where we interview rockstar investors of the Open Spaces community to share

insights into their real estate journey.

And so today, we've brought together a Sensei panel of

early-stage investors and seasoned ones, all in one panel who have taken what

they’ve learned and run with it!

If you've been curious as to what being a part of the Open

Spaces community actually feels like, then today's brilliant episode will show

you all insights from our panel members as they share advice on how they’ve

made it this far on their real estate investment journey. Please join us.

"Going all in is the key to really accelerating"  ~ Palak

In This Episode:

01:10 An introduction to all the Sensei panel investors

06:40 Mindset Shifts for achievement

13:34 Advice for Investors  afraid to take the next big step

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

As a real estate investor, it is not a matter of whether or not you run into challenges, it is a matter of when.

In today’s episode of The Wealth Blueprint, Palak shares real life experiences on investing horror stories she has had to deal with in her journey and shares tips to help survive the lows and challenges as a real estate investor.

Join us on this episode and learn what to do to deal with the challenges that are sure to come. 

“The only way to really not face any risks, no ups and downs, is to not live.” – Palak

In This Episode:

- 0:35 Introduction

- 3:10 You will run into problems

- 7:00 Change the locks after closing

- 8:11 Develop a thick skin

- 11:23 The lows are worth it

- 17:35 Enjoy the ride

- 19:38 You can handle more

- 21:14 Remember why you were drawn to investing

- 22:40 Always have a contingency plan

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

In today’s episode of The Wealth Blueprint, Palak gives advice to first-time real estate investors. She highlights five types of things or properties to avoid in the first real estate investment to minimize risk.

Join us on this episode and learn what to do to diminish risk as a beginner in real estate investment.

“For an investor to succeed at this game, in the beginning, you want to acquire a deal that is not going to make your investment game difficult at the get-go.” – Palak

Disclaimer: If you are already in this industry, this advice may not apply to you. Also, avoiding the 5 things listed in this episode will not eliminate all the risks involved in real estate investing.

In This Episode:

- 0:20 Introduction

- 2:25 Extensive Fire Damage

- 3:24 Major Structural Issues

- 4:00 Mold

- 4:28 Legal Issues

- 6:07 Occupied Properties

- 9:10 Join the Open Spaces Community

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

Our audience and community will know of our Sensei Sessions, where we interview rockstar investors of the Open Spaces community to share insights into their real estate journey.

And so today, we've brought together a Sensei panel of early-stage investors and seasoned ones, all in one panel!

Suppose you've been curious as to what the Open Spaces community actually feels like to be a part of. In that case, today's fun episode will show you all the insights from our panel members and the mindset shifts you need to experience to begin real estate investing or move up to the next level. Please join us.

"If you wanna be addicted to anything, be addicted to building wealth" ~ Palak

In This Episode:

00:07 Intro

01:10 An introduction to all the Sensei panel investors

13:30 Lifestyle creep and buying liabilities

32:35 Mindset Shift for someone who’s not ready to do real estate right now

43:03 Insights on the BRRRR Strategy

50:52 Takeaways from the panel

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

In today’s episode of The Wealth Blueprint, Palak breaks down the million-dollar project that changed the trajectory of her real estate investment journey. 

She discusses what the BRRRR Strategy is and how the SCALE sits on top of the BRRRR strategy for bigger and better results.

Join us on this episode and open yourself to a world of knowledge to build generational wealth, not just for yourself, but also for your kids.

´The biggest opportunity here is that this strategy allows us time and location freedom’ – Palak

In This Episode:

- 1:25 What the BRRRR Strategy is

- 2:40 You don’t build wealth by peddling Real Estate

- 6:05 Constraints Real Estate Investors run into

- 8:20 Developing the SCALE framework to sit on the BRRRR

Strategy

- 11:18 Million Dollar Project Breakdown

- 12:58 Advantage of being an Investor willing to buy

distressed properties

- 16:58 Following the traditional path of getting a degree

and getting a job vs Earning Passive income with Real Estate Investing

Resources:

- Get a copy of Accelerate Your Real Estate - https://a.co/d/bdW6j7K

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