Twenty-four rental units in two years! It’s possible, but only if you’re using the same principles that today’s guest has employed. With house hacking, HELOCs, the 80/20 rule, and a few more strategic investing moves, you too could fast-track your path to financial freedom. If you want to build your dream real estate portfolio without sacrificing decades in the process, these strategies will help you do it!
For Andrew Freed, a full-time project manager, real estate agent, and investor, these strategies have been life-changing. And even if you’re still a real estate rookie, you can do exactly what Andrew did to reach the same results. Thankfully, Andrew’s investing methods, tips, and tricks are well-rounded, well-developed, and easy to follow.
In this episode, Andrew walks us through how he managed to buy twenty-four units in two years, the moment the gears started turning in his mind, his personal development process, and the key principle that keeps him focused on his goals. Andrew also gives us his best advice for predicting and preventing problems in your rental properties, stabilizing, and raising the rent. From gaining the confidence to get started to finding investment partners, he offers valuable, step-by-step guidance we can all learn from.
Ashley:
This is Real Estate Rookie episode 267.
Andrew:
Whenever I get a property under contract, I always put a request, a public record request, in with the city or the town and request inspection information or housing violations and that gives you all the history on the property going as far back as you request, and that gives you insight into any legal issues that you’re having, any trouble tenants, any issues with the building. Just that alone will give you insight into what to look for when you do the inspection, or it might give you insight into tools you can use for the negotiation and to ask for money off. So that’s kind of one tip that I think a lot of people don’t do, but it’s really…