Palak Shah is the founder and managing partner of Open Spaces Capital and Open Spaces Realty group. She’s also the creative mind behind the blog Two Kids and a Landlady where she writes about her experiences investing in real estate.
She’s also 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.