Open Spaces Portfolio Program

[Maureen M.]

Hello BP Community - 
My husband and I are giving serious consideration to paying the $8K fee and taking the 3 Month Open Spaces Portfolio Program offered by Palak and Niti Shah. We are new investors who do not own any investment properties but are eager to build a REI portfolio.

Looking for honest feedback from anyone who has taken the program.

Thank you!

[Ebony J.]

Hi @Elizabeth Rose - apologies for the delayed response. I didn't see your question come through until now. 

We did not get a property under contract in the 90 days, however, we did submit offers in the first 90 days that were not accepted (mainly issues with price). There were program members who did get a property under contract within the first 90-120 days, so it just varied based on the investor and the property avatar that we built. One last point, from what I could tell based on the FB activity, most members did not get anything under contract in the first 90 days. Happy to answer more questions about our experience if you have them!

Hi @Maureen M. I'm so happy to hear you went with a local mentoring program that allows a hands on approach and personal attention. I'm sure you'll get a lot more value out of your experience than we did. You and your husband were very smart to ask Open Spaces good questions and not ignore the red flags that surfaced through the process. 

Another part of the Open Spaces experience that we didn't like is, to your point, once we were about 60 days into the program, a member of the Open Spaces team reached out to us to "check in." When we got on the phone, she said she could see that we had completed all of the modules, but wanted to know if we had gotten a property under contract. When we told her we hadn't, she said OK, I'll check back in with you closer to 90 days, but didn't say why she needed to talk to us at 90 days. This was super annoying to us and in response, we said we don't have time to waste, so whatever you need to tell us in a month, you can share now. That's when she told us that we would lose access to the FB page and weekly coaching calls at 90 days unless we paid $450+/ month to keep that access. At this point we knew we had gotten hit over the head with this course and that it was not at all what we thought we would get when we signed up.

I'm super excited for you and your husband and can't wait to hear about your success!