On this week’s episode I got to sit down with Palak Shah,
a mechanical engineer-turned-real estate investor, who is on a mission to empower women and minorities to build their own real estate empires, despite the risk-averse conditioning of their past. Palak is the founder and CEO of Open Spaces, a company with two arms: Open Spaces Capital, an investing arm with a $10 million portfolio of residential and commercial rentals, and Open Spaces Women, an education arm that helps others transition from the corporate grind to real estate investing.
Palak previously worked as a mechanical engineer for 17 years and, after deciding to have kids, realized she had to choose between motherhood and career growth. She and her husband decided to buy a few rent ready rentals and, after realizing it was something they wanted to pursue, Shah quit her job to focus on real estate investing. She found a value add investing strategy that allowed her to buy distressed properties
“We don’t realize that the higher up we climb in the corporate ladder, the less time we have for the family. And it came to a point where I felt like I was in a very unfair position where as a woman I had to choose between enjoying motherhood and enjoying career growth.”
In this episode you will learn:
- How to build wealth through long-term rental properties as opposed to flipping them.
- How to leverage money up front when starting out in real estate investing.
- How to use systems and processes to make real estate investing more profitable.
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Other episodes you’ll enjoy:
Use Your Personal Success Code to Create an Aligned Biz with Jess Bubbico
Megan Galane on How to Systemize Your Business So It Runs Without You
Why Community Is The #1 Secret To Success
Connect with Palak: