778: How to Build a Million Dollar Rental Portfolio with Little Time OR Money w/Niti Jamdar & Palak Shah
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
Listen to All Your Favorite BiggerPockets Podcasts in One Place
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
Pick Up Some of David Greene’s Best Selling Books
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:
Real Estate Wealth Blueprint on Instagram
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-778
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