On today’s episode or Ritter On Real Estate, we chat with Niti Jamdar, Co-Founder and Managing Partner at Open Spaces Capital based in Philadelphia.
He brings 15 years of experience in strategy, finance and audit, focusing on value-add investing for residential homes and multifamily dwellings in and around Philadelphia. Along with his wife and partner Palak Shah, he manages the end to end life cycle starting from sourcing properties, renovation and rentals along with financing and investor relationships.
Key points from the episode:
– Niti’s background, coming to America, and working a corporate job but still not achieving time and financial freedom
– Niti’s investment strategy, how he started vs now
– Niti’s perspective for new investors in today’s tough real estate market
– Why invest during an economic downturn
– Understanding the disconnect
– Why people are afraid to invest in real estate
– The importance of knowledge and how it creates confidence when investing
– What Niti learned during his first investment
Books Mentioned: The One Thing by Gary Keller