How to Get Started Investing in Real Estate as a Young Professional

The Myndful Investor

Being a successful real estate investor hinges heavily on having a business owner mindset and establishing systems and processes. Unless you can leverage your business to scale without overextending yourself, you’ll never be able to grow.

Your key lesson should be how to achieve scalability through working with other people. Today on the show our guest is Palak Shah, who’s done just that. With a background in engineering, Palak set up systems and hired people who allow her to sit behind the desk and grow her portfolio seamlessly. Join us as she shares advice and lessons she’s learned along the way.

What We Cover

00:00 - Introducing Palak, her background in engineering, and why she decided to switch careers.

08:49 - What inefficiencies Palak found when reviewing her first deals and the three most common types of investors.

13:13 - Palak’s growth plans and how she leverages strategies to build long-term wealth.

16:26 - The systems Palak has in place to manage and grow the 40 properties from her portfolio.

19:05 - Why you need to change your money mindset if you want to build wealth as an investor.

24:42 - Learning to spend $30 on a solution before it becomes a $3.000 problem.

29:41 - The number one lesson Palak learned since her first deal.

Show Resources

• Open Spaces Women
• Open Spaces Women on Instagram
• Join Palak's free Facebook group Real Estate Investing for Busy Professionals.

Meet Palak Shah

Palak Shah is the founder and owner of Open Spaces Capital that generates over $1M in revenue. An Engineer by trade, after the birth of her two kids she decided to make the move to entrepreneurship to be able to spend more time with her children. Though Palak has invested in real estate for many years, in her first two years investing full-time, she purchased, renovated, rented, and refinanced properties creating a $4M rental portfolio. It is now her passion to empower other investors to pursue entrepreneurship through real estate investing to live an empowered and financially free life.