Open Spaces Capital Cohort (Investment)

[Bailey Clay]

Hello All,

Strongly considering joining Palak Shah (BP Podcast 368) - Open Spaces Capital Cohort. This program goes into systems put in place for the BRRRR strategy to super charge you're real estate business . Reaching out to see if anyone has invested in the program or has any good feedback about it. Thank you!

[Diana Devine]

Hey Bigger Pockets family. I looked for this honest feedback of this program before we joined and could not seem to find it anywhere (this may be intentional). My husband and I took the plunge and signed up for the dedicated course in Feb 2021. While we were already investors in our home market, we wanted to hone in on the BRRRR strategy and do it out of state. I will share both the positive and the negatives and you can make an informed decision.

We were drawn to this program because as an engineer with little interest or time to swing a hammer. We were interested in learning how to develop proper systems. We also wanted to fill in any gaps in our understanding of the BRRRR strategy before jumping in head long.

1) Their coaching product was detailed and easy to understand. They shared a lot of their personal and investing journey, lessons learned and successes which made things relatable. They also shared templates that you can use to analyze deals, checklists for closing on a deal, and more practical templates. These were all positives. This is all information you can find in the shared testimonials on YouTube. 

2) They share connections for lenders (HML and long term financing). None of these are necessarily a one size fits all. This will ultimately end up being work you do on your part to find what works for you. They make recommendations but none of these turned out to be ideal for our business or for many in our cohort.

3) At the end of the program my husband and I were under contract on two duplex properties out of state using the BRRRR strategy. We were one of three in class of ~30 individuals (small or large, you judge) by the end of the 12 week program. We had anticipated this number would be in the 80% of the class range under contract.

4) In hindsight, we achieved our goal of getting confidence to take the plunge out of state using the BRRRR strategy that many on BP here explain in detail. Would we pay the same amount for this information, my answer would be NO.

5) My feedback for the program if they see this comment, provide an avenue for students of the program to share their feedback about the service you offer. Many in my cohort would have loved to share their positive and negative feedback with you so you can make it even better. 

Finally, the views shared here are all from my experience. They are not meant to adversely impact any business or individual directly or financially. I cannot share any propriety information or specifics shared during the course. Please do not ask me for it.