267: 24 Units in 2 Years by Making Your Rentals Match the Market
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.
In This Episode We Cover
The 80/20 principle and using it to cut out the unnecessary when investing
How focusing on personal development first can make you a better investor
Staying focused and getting to your goals faster
How to manage your rentals while working a full-time job
The key to gaining confidence and going after your dreams
The fastest ways to grow and scale your investment portfolio
Tips for predicting and preventing problems and stabilizing rental properties
Employing the "binder method" to set rent with inherited tenants
Using real estate meetups to find mentors and investment partners
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Real Estate Rookie Facebook Group
Real Estate Rookie Youtube Channel
Simple Steps to Start, Scale, and Grow a Real Estate Business in 2023
The Rookie’s Guide to 2023 Goal Setting: How to Achieve HUGE Goals This Year
Books Mentioned in This Episode:
Rich Dad Poor Dad by Robert T. Kiyosaki
The Miracle Morning by Hal Elrod
The Compound Effect by Darren Hardy
Connect with Andrew:
Andrew's BiggerPockets Profile
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-267
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