In this conversation, Andrew Freed shares his transformative journey from a traditional W-2 job to becoming a successful real estate investor with over 300 units. He discusses the pivotal moment that led him to pursue financial freedom through real estate, the strategies he employed to rapidly grow his portfolio, and the lessons learned about cash flow and investment. Andrew emphasizes the importance of mentorship, community, and daily habits that contribute to his ongoing success in the real estate industry. In this conversation, Andrew Freed discusses his investment strategies in real estate, focusing on distressed assets and the importance of cash flow. He shares insights on current market conditions, cap rates, and the significance of self-management in property investments. Freed emphasizes the need for personal growth and overcoming fears to achieve success in the real estate industry.

takeaways

• Andrew's journey began with a traditional career path but shifted after reading 'Rich Dad Poor Dad'.
• He leveraged his Boston condo to finance his first real estate investments.
• Andrew's initial goal was modest, aiming for 30 doors in 10 years, but he exceeded that significantly.
• He emphasizes the importance of compound interest in both knowledge and finances.
• Daily routines, including the Miracle Morning, have been crucial for his success.
• Andrew learned that cash flow is not the only measure of success in real estate.
• He highlights the value of mentorship and community in his growth.
• Andrew's approach includes focusing on forced appreciation in multifamily properties.
• He believes in leading with value to attract mentorship opportunities.
• Maintaining health and mental stability is essential for sustained success. We aim to find these distressed assets.
• Cap rates range between six and a half to eight.
• We do self-manage the property.
• It's worth it to me all day.
• Syndicators don't make money until near the end.
• The lender is actually supplementing the acquisition fee.
• The biggest opportunities are tertiary markets.
• You have to be comfortable with fear.
• I love the All In podcast.
• It's literally just seeing what other people do.