The UpFlip Podcast

96. How He Built a $10M Real Estate Business (while working full time)

Nov 6, 2023

Andrew Freed, founder of a $10M rental property business, shares how he built his real estate portfolio using popular strategies like house hacking. He discusses his mentor's influence and gives coaching advice. Topics include the role of self-reliance, time management, self-education, financing options, and lessons from a real estate failure.

37:31

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Episode guests

Andrew Freed

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Episode notes

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Quick takeaways

Finding a mentor is crucial in real estate investing to avoid mistakes and elevate your business.

Start with residential properties through house hacking to build cash reserves and passive income for future investments.

Deep dives

Building a Strong Mentorship Relationship

Andrew emphasizes the importance of finding a mentor who can provide guidance and support in your real estate journey. He shares his experience of building a relationship with a mentor who has over 500 units and how this mentor has helped him avoid potential mistakes and take his business to the next level.

Introduction

2min

The Origin of Entrepreneurial Drive

4min

Changing Habits and Time Management

3min

The Importance of Self-Education and Mindset

6min

Financing Options for Real Estate Investments

21min

Lessons from a Real Estate Investor's Biggest Failure

2min

Like many people, Andrew Freed wanted to break free from his 9-to-5–and rental property investing proved the answer. In 2 years, he’s built a portfolio of 95 properties, with a total value of more than $10 million, and he explains how to start a rental property business in this episode.

Andrew used a few popular strategies to start his real estate business, including the house hacking approach. He’ll give his advice on how to start investing in properties without a ton of cash on hand and how he built on that foundation to grow his portfolio quickly.

Andrew’s mentor also played a huge part in his rental property investment success. We’ll learn how he connected with his mentor and the most valuable things he learned from him. Today, Andrew gives coaching to mentees of his own, and he’ll reveal some of the key advice he gives in these coaching sessions with our listeners in this episode.

Resources:

https://bit.ly/3A92es5 Join UpFlip Academy and start your business today
Andrew Freed - Connect with Andrew on Instagram

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The UpFlip Podcast

96. How He Built a $10M Real Estate Business (while working full time)

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Building a Strong Mentorship Relationship

Starting with Residential Properties

Tenant Management Strategies

Systems and Metrics for Managing Properties

Remember Everything You Learn from Podcasts