Turning a 1BR Condo Into a 125+ Units Within Three Years with Andrew Freed

Welcome back to the Multifamily Wealth Podcast, where we dive into the strategies and stories of successful real estate investors. In this episode, I had the pleasure of speaking with Andrew Freed, a dynamic real estate investor from Worcester, Massachusetts. He has rapidly grown his portfolio, currently owning approximately 125 units. Andrew started his real estate journey by leveraging the equity in his one-bedroom condo outside of Boston to purchase multiple rental properties. He then ventured into joint ventures and syndications, successfully closing on a 60+ unit portfolio in New Bedford and a 32-unit property in Lancaster, South Carolina.

Andrew shares his relatable story of how he transitioned from the corporate world to real estate investing. He discusses the importance of leveraging equity to scale his portfolio and how he strategically used house hacking and joint ventures to acquire more properties. Andrew also dives into the challenges and lessons learned from his first syndication deal and emphasizes the significance of building a strong network through local meetups and social media. Additionally, he highlights the importance of delegation and systematizing tasks to focus on high-value activities.

In this episode we discuss:
- How did Andrew turn equity in his one-bedroom condo into a large portfolio of rental properties?
- What was Andrew's journey from buying small multifamily properties to syndicating larger deals?
- How did Andrew leverage partnerships and joint ventures to scale his real estate business?
- What were some of the challenges and lessons learned in the process of doing a syndication deal?
- How did Andrew build a team and delegate tasks to focus on high-value activities?
- What role did social media and networking play in Andrew's success?
- What are Andrew's goals for 2024 and his advice for aspiring real estate investors?

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Connect with Andrew
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Check him out on Facebook:
https://www.facebook.com/afreed2

Follow him on Instagram:
https://instagram.com/investorfreed

Connect with him on LinkedIn:
https://www.linkedin.com/in/andrew-freed-msm/