Back in 2006, Aaron was a pharmacist who decided to dive into the real estate market and start investing. He bought a townhouse at the top of the market and realized that he could make more of a profit renting then just solely owning it. Once 2009 rolled around, he knew there were major opportunities to be had and started investing in real estate all over the country. As an “accidental investor”, Aaron now holds his real estate license and is more excited than ever to continue doing business in real estate while also maintaining his pharmacy career.

 

On this episode of Multifamily Real Estate Investments with Don and Eden, Aaron shares how he stumbled upon real estate in 2006, now thirteen years later concluded his first real estate syndication and is in control of 29 units. He also will dive a little deeper into how he just completed a six-unit syndication deal in Pittsburgh, Pennsylvania and how exactly he found the property and raised the funds to invest. These step by step examples are sure to impress and enlighten you on how to get started in the real estate business.  

  

Highlights: 

Aaron’s Beginnings in Real Estate 

What he looks for in a solid deal 

Key Lessons Learned 

Why he is a Pharmacist and Real Estate Investor

Current Projects

 

How to Connect with Aaron

Email: [email protected] 

Bigger Pockets- Aaron Howell  

Blacklickcapital.com 

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TRANSCRIPTION

 

Hello everyone, my guest today is Aaron Howell who stumbled upon real estate accidentally back in 2006. Now 13 years later he concluded his first real estate syndication deal and is currently in control of 29 units. Let's hear more about how all this happened. 

 

Welcome to the Real Estate Investing podcast with Don and Eden where we cover all aspects of real estate investing with special attention to multi-family apartment buildings and off-market strategies. 

 

Hey, Aaron welcome to the show. How are you doing today? Great. How are you?

 

I'm doing just fine. I'm doing just fine. So tell us a little bit about your day. How does it look like? 

 

Well, I get up early. I take the car in for service. That was done in about an hour and 15 minutes. I stopped by fellow investors business for a few minutes to chitchat. I'm home for the rest of the day and I don't have any plans. Might take the dog for a walk later and maybe take a nap. 

 

So it sounds like you're semi-retired. 

 

I am a part-time pharmacist these days. I just got my real estate license so I have access to the MLS now. And you know I'm a part-time investor so I've got a lot of stuff going on but nothing overwhelming at this point. 

 

Yeah. So I already know a lot about you. And so that's why I want to ask you about your real estate career for our audience so they would know as much as I know about you. So how about you tell us a little more about that. 

 

Sure sure. Well, I got started sort of as an accidental investor. I had bought a townhouse in 2006, kind of at the top of the market. 

 

I think there was one neighbor who paid maybe even more for their townhouse than I paid for mine. By 2009 the market had tanked. I had kind of outgrown the property so I knew I needed to move into a larger property and I kind of moved outside of the city. I thought ‘oh you know I'll sell my townhouse yet should be no problem.’ You know ended up leaving it for about a year. The prices kept dropping off and dropping my realtor at the time said hey you know you ever thought about renting it. 

 

So yeah at this point I probably need to you know a month or two later we had a tenant move in and I think that's kind of within the light bulb initially clicked. You know the tenant paying the mortgage was way better than me paying it. And then a year or two later I made a trip to California and Nevada to do some mountain climbing. And my mom mentioned you know get some real estate information while you're out there. Newspapers and flyers and stuff that you can get it like gas stations