073: From 1 to 850+ Rentals in 7 Years; Real Estate Mogul Reveals his Secrets with Aaron Amuchastegui

Aaron Amuchastegui is a real estate investor, fund manager and software CEO who has bought and sold more than 1,000 foreclosed homes and owns 850 single-family rental properties. 

Aaron made his way into the real estate market in 2005. As he watched the Great Recession gut the industry from 2008-2009, Aaron discovered an opportunity to purchase and flip foreclosed homes, pioneering a business venture that quickly led to delivering millions of dollars for investors. 

Today, Aaron sits down with me to discuss the ins and outs of his decades-long real estate success story, including nitty-gritty details on the art of buying and flipping foreclosures, how new investors can enter the market, and how he bounced back from going to zero — twice. 

You’ll also hear how Aaron went toe-to-toe with investment management behemoth Blackstone, how he successfully added a software venture to his revenue mix, and which asset class investors with cash on the sidelines should be eyeing right now.

Key Takeaways with Aaron Amuchastegui

• The story behind Aaron's journey beginning in the 2005 housing boom to the depths of the Great Recession to owning 850+ single-family homes in 2023 — and the lessons investors can learn from it. 
• The process of buying and flipping foreclosed homes — and how to enter that market today.
• The applicable lesson that large-scale real estate investors can learn from Blackstone's model.
• The secret to quick growth in real estate — and how to do it at scale.
• How Aaron positioned himself as a "picks and shovels" provider to run a software company that brings in 6-figure months.
• What asset class should investors with extra cash be looking at in the current environment?
• How can you determine who's worth learning from in real estate development?
• The bank-imposed parameters that can hamstring entrepreneurs trying to get a portfolio loan for real estate investing.
• How do the criteria for buying a single property vary when considered in the context of a total portfolio?
• How should investors set up the financial structure of a new rental fund?
• Tips for entrepreneurs who fall victim to shiny object syndrome. 
• How AI is impacting real estate investing.
• The life event that pushed Aaron from being an employee to an entrepreneur.

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