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

Episode • Feb 6, 2020 • 1h 22m

On today’s show: accelerated wealth-building through leverage and systems!

Palak Shah walks us through how she built a $4M portfolio in just three years by "supercharging" the BRRRR strategy.

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.

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.

Also, we discuss how to beat “analysis paralysis” by remembering her acronym “A.B.L.E.”

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!

In This Episode We Cover:

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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