Shownotes
What BRRRR model is right for you as you look to build generational wealth and ditch the dreary 9 to 5? Open Spaces' very own Palak Shah is speaking to us directly in today's inspiring episode of The Wealth Blueprint which will help you focus on which BRRRR strategy is best for you.
Join Open Spaces at the BRRRRCON 2023 on Dec 8, 2023! Learn from industry leaders to make, multiply, and protect your wealth! – www.thebrrrrcon.com
Learn more about the 'Swiss Army Knife' of BRRRR models (called 'The BRRRR House Hack') that is so multi-faceted it can work alongside your lifestyle! Or perhaps you are sitting on a whole lot of equity in your home and the Primary Residence BRRRR is more suited to get you started?
According to Palak, there are four BRRRR models you should give due consideration to as you look to start and grow your own portfolio. By understanding these four key proven modalities, you'll be setting yourself up for long-term success by following in the successful footprints of others.
Just ask Palak: she started with $25K and has built up a $10 million portfolio in ten years!
Understand 'The Three S's' (Small! Simple! Scalable!) and let's empower you on your real estate journey with a BRRRR model that's ideally suited to your lifestyle and financial ambitions. Please join us.
"You want to invest somewhere, in a kind of a property, where you can implement the (BRRRR) strategy again and again." ~ Palak Shah
In This Episode:
- 02:00 Understanding the 'Property Avatar' BRRRR Model
- 04:04 The power of commercial financing to scale quickly
- 04:37 Should you invest out of state?
- 07:25 Beware! Don't invest in a property where the numbers don't work!
- 09:25 Tips for out of state investing
- 10:05 Learning how to define what property to go after (and check in on the numbers)
- 10:41 The Primary Residence BRRRR: are you sitting on a lot of equity?
- 12:28 What is HELOC?
- 16:04 What is 'The BRRRR House Hack'?
- 18:13 Palak's advice on which BRRRR strategy to start with
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
