Building a Scalable Real Estate Business

How do you go from being a mom and pop investor to building a scalable business?
You need to solve for the key constraints like sources of capital, deal pipeline, building a solid team (realtor, contractor, accountant, lawyer), master my cash out cash flow system, above all, time - follow the 80/20 rule of focusing on the tasks that make you money, and outsource the rest.

G-Town Radio Jumpstart Philly Real Estate Show

Palak Shah is a graduate of the Jumpstart Germantown program and today is one of the program’s all-stars who mentors other aspiring real estate developers enrolled in the program.

A former mechanical engineer, Palak has brought an eye for detail and precision to her current life as a real estate investor. She buys and renovates rundown and neglected properties in and around Philadelphia and turns them into attractive new rentals. In less than two years, Palak has gone from owning only three rental properties to 23 rental properties and portfolio worth $3 million. 

In this interview, Palak talks about the importance of finding the right contractor you can do multiple projects with, budgeting for contingencies, and not getting distracted by bright, shiny objects when doing real estate. She also explains why hustling is overrated and the importance of listening to one's gut feeling.

The Real Estate InvestHER Show - Episode 47

“Palak Shah is Founder and Managing Partner at Open Spaces Realty Group. She is a real estate developer and blogger in Philadelphia where she focuses on the buy and hold strategy. In her previous life, she used to be a Mechanical Engineer and worked in corporate for 17 years climbing the corporate ladder. After starting a family, she realized she could not keep up with the intense travel and she wanted more flexible hours. This request was not welcome, so she decided to quit her job and pursue real estate full time. In two years, she has built a 2.5 million dollar real estate portfolio and just closed on a 9 unit building.”