Financial Freedom with Real Estate Investing MB495: The $10M Idea That Made 20 Rentals Look Like a Waste of Time - With Andrew Reichert
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Oct 27, 2025 Andrew Reichert, CEO of Birgo Capital and multifamily investor, shares his remarkable journey from buying his first duplex to managing over 3,000 units worth $300 million. He reflects on the costly lessons of managing small rentals and reveals the transformative '$10M idea' that pivoted his career towards scaling via capital raising. Andrew discusses his 'Rhino Operating System' for aligning purpose with financial goals, emphasizing clarity as the key to fulfillment. He also shares strategies to confront comfort and catalyze action in real estate investing.
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From No Money To First Duplex
- Andrew bought a duplex with no money and walked away from closing with $20,000.
- He used that check to buy more properties and scaled by repeating the process.
Small Rentals Don’t Replace Income
- Small single-family rentals often produce only a few hundred dollars of cash flow each.
- That math means you need many properties to replace a full-time income, making them hard to scale.
The 20-Unit Turning Point
- Andrew reached about 20 units while still working at a bank and realized managing rentals wasn’t passive.
- He decided to build an operating engine to offer passive access to investors instead.
