093: Stabilizing Multifamily Properties and Tapping Equity with Andrew Freed

Strategy is crucial to becoming a successful real estate investor, especially if your goal is building generational wealth.

On this episode of Zen and the Art of Real Estate Investing, Jonathan welcomes guest Andrew Freed to the show. Andrew started his real estate investing career in earnest in 2020 with a house hack. He quickly learned which properties worked best for his situation, and began tapping equity to accumulate more properties, and today, he has over 100 doors.

Jonathan and Andrew cover how Andrew purchased his first investment property, the value of the relationships he created in the Bigger Pockets forums, and why he believes in the power of meetups. You’ll also hear why he doesn’t invest in flips, how Andrew finds deals, and the two biggest lessons he learned from masterminds. Finally, Jonathan asks Andrew to explain how social media has been instrumental to becoming an investor, how podcasts have influenced him, and the one piece of advice he’d give to people who want to invest but are scared.

Jonathan’s in-depth conversation with Andrew answers the questions beginning investors often have and how you can overcome your fears.

In this episode, you will hear:

Andrew Freed’s early exposure to real estate through the Monopoly board game
Why Andrew didn’t believe real estate investing was possible until 2020 when he began with a house hack using a HELOC from his first condo
His introduction to Bigger Pockets, his “aha” moment, and the other resources that influenced his journey
Filtering through the noise in the Bigger Pockets forums, creating reciprocity in relationships, and finding a mentor
How Andrew ranks the importance of meetups in introductions to other real estate investors
Growing meetups and why it takes time
Andrew Freed’s intentional decision to invest in real estate for long-term holds
The reason he stays away from flips to make the most efficient use of his time
His unique strategy for finding deals and where he concentrates his investing
What Andrew’s first house hack taught him about being a landlord and that experience’s influence on building his team
The key to creating a good relationship with your tenants
The two biggest lessons Andrew learned from masterminds and the secret to maintaining consistency
How he found a deal in New Bedford and raised the money to purchase it
Social media’s instrumental role in Andrew’s ability to become an investor and why podcasts are important as well
The one piece of advice Andrew Freed would give to people who want to invest but are scared
Personal development in conjunction with business development and why it attracts opportunity

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If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at http://www.trustgreene.com/podcast/zen/093 to download it.

Supporting Resources:

Freed Ventures website - www.freedventuresllc.com

Andrew Freed on YouTube - www.youtube.com/channel/UCaYHegj_USoGgQ_ZQLESSnQ

Connect with Andrew on Facebook - www.facebook.com/afreed2

Andrew Freed’s Instagram - www.instagram.com/investorfreed/?next=%2F

Connect with Andrew on LinkedIn - www.linkedin.com/in/andrew-freed-msm

Andrew on Bigger Pockets - www.biggerpockets.com/users/andrewf367

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene