Episode #778

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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.

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Connect with Niti and Palak:
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Instagrams:
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Show notes at: https://www.biggerpockets.com/blog/real-estate-778?utm_source=youtube&utm_medium=description&utm_campaign=none


00:00 Intro

02:27 Quick Tip

03:20 Quitting Corporate

10:04 Scaling with Little Time or Money

13:10 The SCALE System

16:41 Is BRRRR Still Worth It?

26:55 1. Buying and Analysis

31:22 2. Rehabbing and Construction

37:02 3. Renting and Adding Cash Flow

41:28 4. Refinancing and Leveraging Your Loan

46:54 5. Repeating and Exponential Growth

54:16 Connect with Palak and Niti!