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778: How to Build a Million Dollar Rental Portfolio with Little Time OR Money w/Niti Jamdar & Palak Shah

778: How to Build a Million Dollar Rental Portfolio with Little Time OR Money w/Niti Jamdar & Palak Shah

FromBiggerPockets Real Estate Podcast


778: How to Build a Million Dollar Rental Portfolio with Little Time OR Money w/Niti Jamdar & Palak Shah

FromBiggerPockets Real Estate Podcast

ratings:
Length:
59 minutes
Released:
Jun 13, 2023
Format:
Podcast episode

Description

 If you want to build a rental portfolio, you need to know how to scale the right way. Buying a property every year or two is good, but it won’t give you the financial freedom you desire. However, if you know how to double, triple, or quadruple the amount of real estate you’re acquiring without adding tons of tasks (or stress) to your plate, you could be financially independent faster than you’ve ever thought. This is precisely what Niti Jamdar & Palak Shah did, building a ten-million-dollar real estate portfolio in less than a decade.
As two burnt-out corporate workers, Niti and Palak were tired of putting their jobs before their future family. So after having children, they realized it was time to start building something that would help them regain their freedom instead of shackling them to golden handcuffs. With a busy schedule and little time, Niti and Palak were forced to automate, delegate, and systematize their real estate business. And now, you can copy their exact steps.
In their newest book, Accelerate Your Real Estate: Build a Hands-Off Rental Portfolio with the SCALE Strategy, Niti and Palak uncover the five-step system to unlock eight-figure wealth. They used this same strategy to build their portfolio with little free time or money to throw at projects. In this episode, they’ll review these five BRRRR-inspired steps, explain why today’s market isn’t what most people think it is, and debunk the myths that’ll stop you from investing.
In This Episode We Cover:
The five-step “SCALE” system Niti and Palak used to build an eight-figure portfolio 
Quitting corporate to find financial freedom, start a family, and build wealth 
BRRRRing in 2023 and why the Buy, Rehab, Rent, Refinance, Repeat strategy isn’t dead
Investing with high mortgage rates and why inexperienced investors are wrong about them
Outsourcing, delegating, and how to run a HUGE portfolio without any employees 
Real estate myths that stop you from building wealth (and how to get around them)
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
BPCON2023
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Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
David’s YouTube Channel
Work with David
Pick Up Some of David Greene’s Best Selling Books
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's YouTube
Hear Our Past Interview with Palak
Book Mentioned in the Show:
Accelerate your Real Estate by Palak Shah & Niti Jamdar
The Psychology of Money by Morgan Housel
Connect with Palak & Niti:
Niti's BiggerPockets
Palak's BiggerPockets
Real Estate Wealth Blueprint on Instagram
Palak & Niti's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-778
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Released:
Jun 13, 2023
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.