The BetterLife Podcast 800 Rental Units by 24 Years Old | Ep 139 w/ Arek Boynerian
Apr 15, 2025
Arek Boynerian, a remarkable 24-year-old real estate investor, reveals his journey from a Syrian immigrant to owning over 800 properties. He shares how he started investing at just 19 to uplift his family’s finances. Discover the lessons from his college suspension that led to his success, creative financing strategies, and the benefits of investing in mobile home parks. Arek emphasizes the power of mentorship, the importance of community, and how consistency in management can transform investments into thriving ventures.
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Arik's Background
- Arek Boynerian, a Syrian immigrant, grew up poor, wanting better for his family.
- He was motivated by the contrast between his family's struggles and the wealth of real estate owners.
First Real Estate Deal
- Arek bought his first house at 19 with a 5% down payment, converting the garage into extra rooms.
- Renting out the rooms generated $1,000 monthly cash flow, inspiring his real estate journey.
Transition to Multifamily
- After getting suspended from college, Arek sold his first house for a $200,000 profit.
- He used the profit as a down payment on a 16-unit apartment complex, increasing his cash flow.
