Episode 014: How an Accidental House Hacker Scaled Into Real Estate Investing Full-Time with John Errico

There are two ways people get involved in real estate: either they stumble upon it or they purposefully do it. Today’s guest, John Errico, somehow experienced both at different points of his real estate adventure.

John got involved in real estate in an almost accidental manner. Tired of paying rent, he and his wife, who was also an attorney, decided to buy a two-family property and ended up house-hacking it. Eight months after this first purchase, they bought their second house, then soon the third one – and the rest is history.

A serial entrepreneur and a Yale and Cornell Law graduate, John left his full-time law practice in 2013 to run venture-backed technology startups in California and New York, including a company in the real estate space. In 2014, he began building a real estate portfolio in the New York City area that eventually spanned out to Union City, New Haven, and now, Atlantic City.

In 2018, John and his partner, Ryan Goldfarb, started Liberty Hudson Capital. Soon, they will be up to 100 doors in Atlantic City. They also recently closed a 48-unit old hotel building in the area, and their plans for it are exciting. Very intentional and very purposeful about everything, now they're part of the narrative of rebuilding the once-doomed Atlantic City.

In this episode, you will hear:

How John got into the real estate space
How house-hacking got them to buy other houses
The transition from tech stuff to full-time real estate
Tips before going into joint ventures
Why Ryan doesn’t recommend starting a construction company as a real estate investor
Why you want to invest in Atlantic City
The value of diversifying your portfolios

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