EP151: The Unconventional Path to Riches - Niti Jamdar
In today’s episode, we are joined by the incredible Niti Jamdar. We delve into the intricacies of successful real estate investment. We'll dissect the fundamental mechanisms that enable wealth generation in the realm of single-family residences and the efficacy of the burr strategy. Our discourse will extend to the necessity of adaptability in this ever-evolving market landscape. Our conversation will also cover the expansive landscape of syndication deals and why we target neighborhoods teeming with potential, yet oft-overlooked by conventional investors. We'll bring fore the real-world dynamics of investing and the value of introducing family into the fabric of your business dealings.
In this episode, you will learn
- The importance of not being fixated on specific cash flow numbers
- The viability of replicating successful real estate business models
- The necessity of mindset shifts when moving away from traditional careers
- Real talk on growing when you step into the unknown.
- The lowdown on how copying what works in real estate can get you far.
About Niti
Palak and Niti are the founders of Open Spaces Capital and Open Spaces Women. Both come with extensive experience in scaling, systems, strategy and leadership, in corporate America; Niti working for 15 years as an Executive in Product Strategy and Finance for a Fortune 100 company, and Palak with 17 years of experience in engineering leadership. After their children were born, Palak decided to make the move to entrepreneurship to be able to spend more time with her children. In 5 years, Palak and Niti created a $10M rental real estate portfolio. Niti made the shift to investing full-time and entrepreneurship in 2020.
It is now their passion to empower other investors to pursue entrepreneurship through real estate investing to live an empowered and financially free life without taking undue risks or over-leveraging, with their coaching program called Portfolio Program, while concurrently working on growing their rental portfolio by acquiring real estate all over the US.
In the book Accelerate Your Real Estate, published by BiggerPockets Publishing. In Accelerate Your Real Estate, Palak and Niti of Open Spaces Capital share their SCALE framework - a spin on the BRRRR strategy that will help readers develop their real estate portfolio so it can thrive without their constant attention. With this strategy, investors can even make their real estate business so seamless that it requires less than six hours of time each week.
Connect with Niti
- Website: www.openspaceswomen.com and www.openspacescapital.com
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