Palak Shah
AUTHOR

Palak Shah

Money & Finance
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Introduction Palak Shah (Biggerpockets Podcast Episode Guest # 368) is the founder and owner of Open Spaces Capital and Open Spaces Women. An engineer by trade, after the birth of her two kids, Palak decided to make the move to entrepreneurship to be able to spend more time with her children. She brought her knowledge and 17 years of experience in building systems, processes, and scaling from her corporate career in engineering leadership to fast track her real estate investing journey. In her first three years investing full-time, she purchased, renovated, rented, and refinanced properties creating an almost $5M rental portfolio and generating $1M in annual revenue. It is now her passion to empower other investors to pursue entrepreneurship through real estate investing to live an empowered and financially free life without taking undue risks or over-leveraging through her coaching program Open Spaces Women. Follow her on Instagram @openspaceswomen for tips and motivation for building and scaling your buy and hold portfolio. Experience Palak Shah worked in Engineering leadership in various industries. She was in the nuclear industry for six years until she joined a startup as a consultant to analyze big data to predict power plant failures. A few years later, she moved over to the management side in engineering at a startup for efficiency measures. She then spent six more years in the pharmaceutical industry, running a Specifications Department at a glass manufacturing factory. After the birth of her two kids, Palak realized she needed to create a life of financial independence—one that allowed more time for her family while allowing her to still make an impact. She decided to make the move into entrepreneurship, co-founding and managing Open Spaces based in Philadelphia. Her focus is on renovating deteriorated properties in and around the city. Palak manages the end-to-end life cycle, starting from sourcing properties, completing renovations, and renting them out, along with financing and investor relationships. She takes pride in bringing people together to achieve the common goal of empowering a community through real estate development. She believes that profitable growth can be achieved, sustained, and even enhanced by embracing diversity in business partners and by engaging with local communities to foster development that is inclusive. Open Spaces accomplishes this by providing high-quality rental homes and apartments, with great customer service, at prices that are affordable. Palak was honored by Billy Penn in the "Who’s Next Real Estate and Housing" series of 2018, highlighting Philadelphia’s most dynamic real estate, housing, and development professionals under the age of 40. She was also featured in the Biggerpockets Podcast Episode # 368 and Real Estate InvestHER’s podcast episode #47. She is active on Instagram @openspaceswomen and is passionate about inspiring other professionals. Education Palak graduated with an MS in Mechanical Engineering from University of Illinois. Follow @openspaceswomen on Instagram www.openspaceswomen.com
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