Fri, 13 July 2018
You don’t necessarily need an enormous multifamily portfolio to achieve financial freedom. It is possible to start small and replace your income with modest holdings of just 20 units!
Aaron Howell is a small multifamily investor with Black Lick Holdings, a real estate firm based in Crozet, Virginia. With a portfolio of 22 rental units, Aaron has replaced his income as a pharmacist and now works part-time because he WANTS to, not because he HAS to.
Today, Aaron joins me to share his accidental introduction to real estate and when he was finally inspired to develop a strategic plan. He describes the light bulb moment when he realized the income potential of a duplex versus a single-family property and how he fostered the confidence to pursue multifamily despite a lack of experience. Aaron walks us through his first several deals, explaining how he financed the most recent 6-unit through a partnership. Listen in for Aaron’s insight around building in daily habits to stay motivated and learn how he achieved financial freedom with a small portfolio!
Aaron’s introduction to real estate
Aaron’s start in single family
What inspired Aaron to develop a strategic plan
Why Aaron was confident in small multifamily investments
How Aaron financed his first multifamily deals
Aaron’s take on partnerships vs. syndication
Aaron’s transition to working part-time
Aaron’s real estate plans for the future
Aaron’s insight around financial freedom
Aaron’s advice for aspiring multifamily investors
How Aaron stays motivated
Connect with Aaron
Direct download: MB_120_-_20_Units_to_Financial_Freedom_with_Multifamily__With_Aaron_Howell.mp3
Category:Commercial Real Estate -- posted at: 12:23pm EDT