cover of episode 368: $3,500 per Month From One BRRRR Deal With Palak Shah

368: $3,500 per Month From One BRRRR Deal With Palak Shah

Publish Date: 2020/2/6
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BiggerPockets Real Estate Podcast

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Shownotes Transcript

    <p>On today’s show: accelerated wealth-building through leverage and systems!</p><p><strong>Palak Shah</strong> walks us through how she built a $4M portfolio in just three years by "supercharging" the BRRRR strategy.</p><p>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.</p><p>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.</p><p>Also, we discuss how to beat “analysis paralysis” by remembering her acronym “A.B.L.E.”</p><p>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!</p><p><strong>In This Episode We Cover:</strong></p><ul>
  • 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


    Check the full show notes here: http://biggerpockets.com/show368

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