On the BiggerPockets Real Estate Podcast, co-hosts David Greene and Rob Abasolo interview real estate investors and entrepreneurs about successes, failures, and hard-earned lessons. Through in-depth conversations, 1-on-1 listener coaching calls, and news analysis, you’ll get a breakdown of real strategies that work for different niches and experience levels. Tune into the #1 real estate investing podcast every Monday, Wednesday, and Friday.
https://www.biggerpockets.com/podcasts/real-estate
episode 368: $3,500 per Month From One BRRRR Deal With Palak Shah
On today’s show: accelerated wealth-building through leverage and systems!
Palak Shah walks us through how she built a $4M portfolio in just three years by "supercharging" the BRRRR strategy.
Palak left a career in corporate America to focus full-time on real estate in the Philadelphia area, and she applied her training as an engineer to create airtight processes that help her business run without her.
You’ll love hearing how she finds deals from wholesalers on Facebook, why she’s not afraid to sell off some of her BRRRR properties, and how she creates checklists to determine whether a deal fits her criteria.
Also, we discuss how to beat “analysis paralysis” by remembering her acronym “A.B.L.E.”
Palak is a relatable, inspiring investor who offers great tips for anyone hoping to transition away from a 9-to-5… so check out this episode today, and share it with a friend or family member!
In This Episode We Cover:
- Leaving her corporate job to take more control over her time
- Why she’s OK paying capital gains tax rather than using 1031 exchanges
- Flexing your “risk-taking muscle”
- Using hard money for BRRRR projects
- Creating “templates” to make investing easier over time
- Criticisms of the BRRRR strategy
- Why she sells off some of her BRRRR properties
- Using local banks and credit unions
- Her mantra: “Fortune favors the finance-savvy”
- How her systems allowed her to buy 2 properties from India
- Her “A.B.L.E.” method to escape analysis paralysis
- How she bought 9 units for 40% off the list price
- How she used a home equity loan to borrow $160K
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- Fear-Setting: The Most Valuable Exercise I Do Every Month
- How to Make $100,000/Year with Fixer-Upper Rentals (by Buying Only 2 Properties Annually)
- Microsoft Project
- Redfin
- Hustle & Persistence To Build Wealth Through Real Estate | BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene
- BiggerPockets Podcast 362: Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy Papasan
Check the full show notes here: http://biggerpockets.com/show368
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