How I Built a 350-Door Portfolio in 4 Years

Stephen Schmidt (00:11.545)
Welcome back to the show where we interview the nation’s leading real estate entrepreneurs It’s your host Stephen Schmidt and I got a real treat for you guys here in the studio If you’re joining us for the second third or hundredth time welcome back And if you’re joining us for the first time get ready to add this to your regularly listening docket of podcasts I got Andrew Freed in the studio today and he’s got an incredible rise to success here He was a project manager in his past career, but in the last four years has built

and absolutely massive real estate business owns currently over 350 doors. He’s working on getting 200 just this year alone. And in four years, that’s no small feat and somebody we definitely wanted to have on the show here today. we’re going to go through how he’s used different strategies to raise capital, to actually buy more properties, which if you’re a seasoned investor that’s already got a few deals on your belt might really help you go from five to 50 doors faster than you could have ever imagined. So with that being said,

Just remember at Investor Fuel, we help real estate investors, service providers, and real estate entrepreneurs, 2 to 5X their businesses, which allows them to build the businesses they’ve always wanted to allow them to live the lives they’ve always dreamed of. Andrew, welcome to the show.

Andrew Freed / Investor Freed (01:21.848)
Thank you for having me. Glad to be here.

Stephen Schmidt (01:24.101)
You bet man. So I had a great pre-show conversation with you. Got a little bit of your background, all of that. For our listeners sake, can you just give us like a little synopsis of how you got started and what’s gotten you to where you’re at today?

Andrew Freed / Investor Freed (01:38.766)
So, like many of your listeners, I was definitely sold the American dream. You know, get a good education, get a good job, get a nice, you know, six-figure salary at an institution.

get a condo at a nice swanky city like you made it like that’s life, right? And I did that for a good 10 years. And then come around COVID, I read Rich Dad Poor Dad, and I came to the realization like, yeah, maybe I have six months, maybe I have 12 months of reserves, but at the end of the day, I go crawling back to that job. And that ultimately scared the living hell out of me. And at that point, I realized I had to make a change. And in Rich Dad Poor Dad, they had all these little hints about real estate, right?

Stephen Schmidt (02:13.523)
you

Andrew Freed / Investor Freed (02:21.006)
And I thought to let me look at my net worth. At that point, it was a quarter million dollars, $250,000. 80 % of my net worth came from that one bedroom condo I completely forgot about that I bought five years ago. It literally took me 10 years to save about $50,000. And at that point, I realized this is an unsustainable path towards financial freedom, and I have to make a change. So that’s I decided to heal up my one bedroom condo for $200,000, move out to Worcester, Massachusetts, where I knew absolutely nobody.

but what i did know is they had a lot of multifamily and wanted to multifamily so i house hacked two or three properties i joined venture on from five or six plexus i got up to about thirty units on my own ran out of my own cash and figured out how to raise money from investors and four years later i’m up to around two hundred and fifty doors i have a property management company that we self-manage around two hundred and fifty doors as well and i host one of the largest real estate meetups in worcester massachusetts

Stephen Schmidt (03:19.867)
Which is incredible, right? So let me ask you this. When you picked up the book, Rich Dad Poor Dad During COVID, how did you come about there? Like, when did you start looking in the mirror and saying, wow, like, yeah, I’ve got good money, I’ve got X amount in reserves, I’d be fine for a while, but I’m always going to have to crawl back to the job. Was that what instigated you looking for a change or when did you end up finding that book originally?

that set it all off from there.

Andrew Freed / Investor Freed (03:51.512)
So I think I found that book because prior to that book, you know,

I had such large ambitions, but I always drowned in vices. I always drowned in video games. I always drowned in sports, drowned in anything I could do to take my mind off the prize. And I think when I was playing video games, I one of the people I was playing with mentioned this book and I’m like, maybe I should give it a try. So I actually read that book because I essentially ran out of all vices to do during COVID. And that book literally rewired my brain and it made me realize I was literally living this entire game of life wrong.

teach you in school and how to build wealth is absolutely incorrect. And I realized at that point I was really good at savings. I was extremely bad at investing. And that book opened my eyes to the fact that like investing is not an inboard skill. It’s something that you have to put dedication and effort in to learn. And that really opened my eyes. And then I found BiggerPockets. I found MeKevin, which he was big in the real estate at the time. I just drowned myself in resources, in podcasts, in books.

Stephen Schmidt (04:34.717)
Mmm.

Andrew Freed / Investor Freed (04:54.058)
I just essentially probably did thousands and thousands of hours of education, but that really opened my eyes and at that point it’s kind of just been, you know, a crazy journey from there.

Stephen Schmidt (05:04.859)
You bet. And so you mentioned in that in that last piece that you realized the life you were living wasn’t it, right? And that there was more to life than what you were taught, which I think a lot of us at some point in our adult life were raised in that traditional path. I was myself.

We realize, wait, there’s way more to life than just working for somebody else for 40 years and hopefully saving enough or investing enough in the right stock market or whatever to hopefully retire and then live on 40 % of what we were making when we were working. like, what is that dream life for you look like? Free of ices and everything else.

Andrew Freed / Investor Freed (05:46.328)
So.

the dream life to me and you know when I come to when I advise people to you know figure out their why figure out their dream you always should like think of what your life should look like 10 years from now right and a great book a great resource for that is called the vivid vision it really allows you to create that sort of dream life right but my dream life 10 years from now is you know I want to live on the beach or in the mountains somewhere I want to only I want to work two hours a day go to a cafe maybe that’s about it you know I want to travel six months out of the year you know I want to have a

family, want to help as many people as I can reach financial dependence. Like that’s the ultimate dream life. And I’m working every day incrementally to that dream life, right? So, you know, I’m

you know, acquiring these units, I’m creating this property management company that has 17 employees now and eventually will become self-sustaining where I don’t really have to work the amount of hours if I don’t choose to, right? So, you know, that’s what I recommend people do to kind of, you know, figure out how you can achieve, you know, that dream life that you hope to have.

Stephen Schmidt (06:49.433)
Absolutely. Now where does that stem from? Why do you want those things specifically? Where does that come from?

Andrew Freed / Investor Freed (06:55.726)
So I think that just comes from an inborn desire to just be free, right? Like my last name is Free. Like I don’t know if I was just born with it, but I was born with it. But I always had an affinity to authority and I always kind of wanted to beep on my own drum, right? That was definitely number one. But number two is once you reach financial independence, I think ultimately,

Stephen Schmidt (07:04.229)
Looks like you were born with it.

Andrew Freed / Investor Freed (07:22.188)
you know, having a purpose and serving others is really what gets you up every day, right? So, you know, I think helping others, you know, get to the financial freedom that I have is also a big driver for me as well.

Stephen Schmidt (07:34.481)
You know, it’s a consistent thing I see, especially in the real estate community, is that people reach a level of success and then realize that that success is cool for themselves, but it’s so much more fulfilling to also help other people get it.

Andrew Freed / Investor Freed (07:46.242)
Yeah, I mean, it’s more or less the concept of just, you know, once you’ve made it, you know, put your hand out and help lift others up, right? Like, and, you know, it’s ultimately, you know, if you don’t do that, it’s just lonely at the top, right? And you want to bring your friends, your family, and other people along the journey so you can, everybody can actually enjoy the top of the mountain together.

Stephen Schmidt (07:53.447)
Right.

Stephen Schmidt (08:07.431)
Yeah, 100%. So let’s go over some of the strategies that you’ve used to raise capital. Obviously you’ve got a very linear background to the real estate business and we’re able to build trust very, very quickly. But let’s go over some of those strategies that maybe some folks aren’t even aware exist.

Andrew Freed / Investor Freed (08:26.264)
Sure, sure. So, you know, I think ultimately…

it first comes down to being considered a subject matter expert right for people to trust you it’s an extremely high barrier i mean just think about it like just think about how many family members would you actually let money to the answer is probably very few right so to get over that barrier of trust to actually give you money to somebody else is this it’s extremely large so it all starts with being a subject matter expert and that can you can create that sort of that that sort of mentality that’s in multiple ways right you can

go on podcast, right? You can create, you know, go on 30, 40, 50 podcasts, start getting your name out there, start getting your story out there. You know, and ultimately if you’re talking for 30, 45 minutes, like people are gonna see through whether you know your stuff or not, right? That’s one way and that’s, and you know, that’s really effective because you can actually cut that up and create social media content.

as well so you can kill two birds with one stone. Another really effective way that really established my presence in my particular market, which that’s a lot of where my deal flow comes from, is starting a real estate meetup. Like once you start a meetup, you become a subject matter expert, but not only that, you get access to the best investors and network in that market. You invite them as guest speakers. That’s just an excuse now to befriend them.

to leverage resources and share and collaborate. I’ve found so many partnerships through actually just allowing people to guest speak at my meetups.

Stephen Schmidt (09:53.332)
Yeah, that’s a very valid point too, because we’ve got a couple guys here in my local market. Probably the largest one is a guy named Jason. And to your point, mean, Jason’s been in the business for a couple decades now, but every time I talk to anybody about real estate investing here in Wichita, everybody knows who he is, right? Because he’s the number one guy that’s put the group together.

Who was it that said this? can’t remember exactly who mentioned this first, but they talked about the concept of basically building the room. think it might’ve been a media guy named Ryan Magin that I follow. And he’s like, look, if you want to connect with new people, just use the concept of building the party, like build a party for people.

to come and be able to network and have fun together or whatever that might be and then have a little bit of business built into it. And then eventually you’re gonna be able to attract all those higher profile people because they’re gonna wanna come be a part of it as well. And now you have the connection without having to cold call them.

Andrew Freed / Investor Freed (10:55.49)
Yeah, mean, it all just whittles down to, you just simply have to lead with value. If you just toss value at people time and time and time again, and you ask for nothing in return, the simple concept reciprocity will kick in and people will feel a need to wanna help you and wanna join you on your journey. So that could mean just start doing a free meetup, providing free education.

That can mean having mentees, like I have 10, 12 mentees, what do you think happens? They bring me deals, they invest in my deals, right? That could mean going on social media and providing value in the form of advice. That could mean going on podcasts and providing value in the form of just educating others. Doing stuff like that is the easiest way to establish yourself as a trustworthy source for capital.

Stephen Schmidt (11:45.822)
Sure. So when you, because you’ve obviously done this in a very short timeframe. I don’t want people to forget that, like four years, right? So when you were first getting started and you got up to 30 doors on your own, how did you do that? How did you do that using only your own capital before you started looking to find other people to invest with you?

Andrew Freed / Investor Freed (12:04.664)
That’s a fantastic question. the answer is I leverage as much as I could, right? So for my first particular property, I told you I got that HELOC, right? So I leveraged the equity in my condo to buy that first house act. I combined that with an FHA loan, right? So I used 50K from that HELOC, combined with an FHA loan, and I essentially got that property for free. It was actually the bank’s money. It wasn’t mine. Like, yes, I pay interest on it, but the cash didn’t come out of my own pocket, right? And then I utilized that 200K to buy a couple more

Stephen Schmidt (12:10.675)
Hmm.

Andrew Freed / Investor Freed (12:34.608)
deals that I ended up refinancing the money out and utilizing that to buy more deals. I’ll just give you a quick example. I used that HELOC after I bought that house hack. My mentor was putting a syndication together. Seemed like a really good opportunity. At that point, I didn’t really know much about syndications, but I knew I was borrowing a HELOC where I was paying 3 % and he was offering a 15%. I was like, that’s a pretty good arbitrage to me.

So I decided to take that $65,000 from my HELOC and put it in his syndication, right? That syndication sold a year later for an 89 % return. Right? So what did I do with that money? Yeah. So what did I do with that money? Right? I bought a Ferrari. No, I clearly did not buy a Ferrari, right? I took that money and I actually split a five unit with my partner 50-50. We bought it for 6.50. We put $50,000 into it.

Stephen Schmidt (13:14.542)
Wow.

Andrew Freed / Investor Freed (13:30.914)
we got the value up to around a million dollars so at that point what did we do went to a bank and we got a lot of line of credit for the equity we built in the amount of a hundred and sixty thousand dollars essentially bird all of our money out right we took that hundred and sixty thousand dollars we invested in a in a deep value add nine unit property bar hard money paid seven fifteen put two hundred k into it appraised for one point one five we fight a money out of that and we bought a twenty one unit in low massachusetts

Stephen Schmidt (13:33.779)
Hmm.

Andrew Freed / Investor Freed (13:59.918)
all with the same cash, right? So just think about that. You know, I went into a syndication, then I went into a five unit, then I went into a nine unit, then I went into a 21 unit. I kept all those assets besides the syndication all with the same, all with the same amount of money.

Stephen Schmidt (14:17.841)
Now you talk about like syndication, right? Like is the barrier to entry for someone that doesn’t know, is the barrier to entry, because syndication is like a huge buzzword right now, right? Always has been, but like, especially now it seems like a lot of people are chasing that shiny rabbit of like, you know, I’m going to join a syndication or I’m going to start syndicating money or whatever. Is the barrier to entry to a syndication just money?

Andrew Freed / Investor Freed (14:34.712)
Mm-hmm. Yep.

Andrew Freed / Investor Freed (14:42.304)
Is the barrier to entry for a syndication just money? I think it depends on what perspective you’re talking from, right? As a limited partner, well, you know, it depends on the structure of the syndication, but the barrier could be just money if you’re a limited partner. If you’re a general partner, you’re actually managing the deal, right? You actually have to have an active role in the particular opportunity, and you can’t just be a capital partner. You actually have to contribute.

measurable effort to the project right if you’re a gp you should be bringing some aspect that brings value to the deal it could be finding the deal it could be the property management component it could be the construction component it could be being a key principle be a guarantee or on the loan and and middle and and you know modeled in there would be capital raising right so like those so it like i said it depends on the perspective on whether you know what what role you should play

in a syndication that that that that’s your question

Stephen Schmidt (15:42.132)
Yeah, 100%. That’s a great answer. Yeah. Yeah, that’s a great answer to that question. Gives a lot of clarity, I think, for some folks. So with what you’ve built, at what point did you start the property management side to supplement and keep more revenue versus offshoring that out to a third party?

Andrew Freed / Investor Freed (16:03.704)
So I created a property management company not because I wanted revenue, it’s because I have a high expectation of operations and I didn’t feel any other organization could meet my expectations, right? Ultimately, my project, my property management company is a loss leader. I probably lose a thousand to $2,000 on that every single month, right? But I ensure an extremely high level of proficiency in regards to managing my units because my property management company,

Stephen Schmidt (16:13.619)
Mm.

Stephen Schmidt (16:25.299)
Mm.

Andrew Freed / Investor Freed (16:32.3)
manages a majority of my units, right? I also have about 17 employees under that PM company. So what does that mean? That means that a lot of my time I get to buy back on a weekly basis, right? So I can actually spend my time on finding new deals, financing deals, on talking with banks, on raising capital, on doing the actual KPIs that grow my business versus being in maintenance mode.

Stephen Schmidt (16:42.547)
Sure.

Stephen Schmidt (16:56.531)
Yeah, 100 % which you know similar to a car dealership I think is the best example I can think of you know it’s like you’ll lose front-end gross on the car because you know you’re gonna make it back up in service and the efficiencies and the proficiencies in which your property management company operates probably moves the needle in the actual real estate side for you and also buys back your time to be doing what actually makes you the most.

Andrew Freed / Investor Freed (17:22.37)
yeah i mean ice i think when people think of are why people have such a limited view of return on investment people strictly think financial which is not the case but i’ll just give you a quick example from my first indication of the sixty nine-year portfolio bed from massachusetts we ended up getting seventy p on that

Stephen Schmidt (17:29.821)
for sure.

Andrew Freed / Investor Freed (17:42.894)
Like I did getting a very small percentage of equity. I raised a good amount of capital, but got a very small percentage of equity. And at the end of the day, I’m probably going to make after three to five years, I probably going to make $5,200,000. Right. So people like, why did you do that deal that made you no money? Right. That was my first indication that established me as a subject matter expert that allowed me to raise for $20 million. Allowed me to raise $20 million over the course of two or three years on more deals. So let me ask you this. Was that a good return on my investment on time? You tell me.

Stephen Schmidt (18:14.387)
100 % because it’s ultimately the whole scope, right? It’s the holistic return.

Andrew Freed / Investor Freed (18:20.844)
Yeah, exactly. Network capital is really big, right? Even like serving your investors, right? You might overpay for your first investment. You might give the investor more than they deserve. But if you deliver on that, I guarantee they’re gonna be invested for life, right? So it’s like people think in the short term and they don’t think long term combined with the fact that you can get paid in intrinsic ways rather than

strictly through financial ways.

Stephen Schmidt (18:53.075)
Right, 100%. And I think you’re onto something there because most people think it’s just a dollar in, a dollar out, right? And well, a dollar in or three dollars out or whatever it is. But it’s like, you never know when you put that investment in of both time and money and doing the right thing consistently, how much that actually pays you in LTV, lifetime value.

And I think the lifetime value is what people don’t consider when they just factor the immediate ROI for sure.

Andrew Freed / Investor Freed (19:23.946)
exactly

long-term perspective this makes sense is to eat it establish keep that relationship strong because ultimately they’re gonna make you more money in the long run and that’s exactly what happened that contractor has been incredibly valuable from me growing my business

Stephen Schmidt (20:08.145)
There’s even a story, I think that’s a great point. I think it was in the book, How to Win Friends and Influence People, where I can’t remember, was very high profile person who went to go fly in a plane and they put the wrong fuel in it. The plane almost crashed and the guy comes back and the guy who was supposed to fill up the gas tank was essentially like expecting to just get ripped a new one, right? And the guy goes to him and he goes, you’re only filling up my planes from now on because I know you’ll never make that mistake again.

And it’s like most people would have the visceral natural reaction like you meant to go fight somebody over the five grand, but then finding another good contractor in your case, or in his case, finding someone else who might make the same mistake could take way longer and actually have worse ramifications unless you just fixed it and moved on.

Andrew Freed / Investor Freed (20:56.088)
Yeah, and I mean, ultimately, it really wasn’t his fault. It was an issue that was out of his control. was an emergency. He was trying to fix it to the best of his ability. He made a mistake. And I think understanding that and thinking, how has this relationship long-term gone to bed for me is really in everybody’s best interest.

Stephen Schmidt (21:14.643)
Yeah, 100%. So on the docket, you talk about basically doubling, essentially doubling your doors this year, right? What’s your current trajectory and plan to do that? You’ve already made significant waves towards that and it’s not even halfway through the year yet.

Andrew Freed / Investor Freed (21:31.64)
Yeah, I think my goal going into this particular year was I wanted to close on 200 doors. We’ve already closed on around 150 doors, right? So we’re definitely way ahead of schedule. You know, and how do I implement that strategy? You know, it’s all about reverse engineering, right? So, you know, if we have a 10 % success rate on offers that we submit and we’re trying to get, you know, a certain amount of units every single month, you know, that’s gonna equate to a certain amount of offers we have to submit per every given month.

Right, so it’s just like reverse engineering like, you know during our prime that you know in the beginning of the year We were we were we were probably aiming for 40 to 50 offers a month Expecting two or them would two or three of them would be Accepted resulting in you know, 15 to 20 units, right and then over the course of a year, know That would equate to our unit count that we’re trying to get

Stephen Schmidt (22:22.803)
Yeah, 100%. Are you utilizing the same exact strategies that got you to 200 doors that will take you to the next 200 or is that a little bit different considering you have a shorter timeframe in order to accomplish that goal?

Andrew Freed / Investor Freed (22:37.08)
So, we’re using the same strategy, mean, ultimately, you know, think that’s one of the biggest mistakes.

investors make is if you figure out a formula that works like stick with that formula and don’t get shiny object syndrome and Try to switch it up right like we’re really good at buying value at multifamily We’re really good at you know raising it in the structure that we have it’s working for us Why change it up right? You know it you know like I’ve seen so many people They’re successful in one field and then they change their direction towards short-term rentals or student rentals and they flop and there would be they wonder you know why is this real estate thing so great it’s because

because you you went a, what was it, you got a mile wide and an inch deep versus an inch deep and a mile wide.

Stephen Schmidt (23:20.059)
Yeah, it’s the Midas Touch Syndrome, right? They strike gold and think that everything they touch after that will be gold and then they realize, shoot, maybe I just got lucky, right? Creates a lot of other problems on the back end sometimes.

Andrew Freed / Investor Freed (23:34.36)
yeah you know i like i think it all comes down to comes out to just identifying a successful formula that works with you for you and you’re doubling down

Stephen Schmidt (23:43.996)
I love that because ultimately and it’s like hormones he talks about right like you never know how much work something is actually gonna take until you put a thousand hours into it and then once you do that you’re gonna realize it’s exceptionally it’s gonna take exceptionally longer and be exceptionally harder than you originally thought but now you at least have the perspective and Whether you quit or not after putting that thousand hours in says a lot about whether or not you’re gonna have success long term

Andrew Freed / Investor Freed (24:08.234)
I mean, mean, ultimately, if you’re trying to be the best at anything in the world, you’ve got to commit thousands of thousands and thousands of hours to it. It’s like you can only do that so many times in your life. You only got so many hours to give, right?

Stephen Schmidt (24:20.074)
100 % man. Yeah, totally get that. So now if you had to go back to the beginning knowing what you know today when you first got started, what would you do different? What would you do the same?

Andrew Freed / Investor Freed (24:30.862)
So my first year and a half, I got to about 18 units, right? So my trajectory has been quite quick over the past two or three years. And the primary reason for that was I thought I could do everything myself. I was a one man army. I could do all the bookkeeping. I could do all the property management. I didn’t need partners. What are they gonna do for me, right? And then I realized that if I really got really good at sitting in my genius at what I’m really good at and leveraging other

other people’s strengths to grow. My growth is exponential, it’s limitless. And I’m at that point right now where I don’t even need money to close a deal. I don’t even need my own money to close a deal. I just need a good opportunity. So I would say I would have scaled a lot quicker if I really understood how to leverage partnerships better because ultimately I was…

I mean more or less to say it, was very selfish in the beginning and you know as I opened myself up and learned how to trust others, that’s when the success really kind of exponentially grew.

Stephen Schmidt (25:36.896)
Mmm, that’s really good right there because most people actually stay small because they can’t stop Giving up control or can’t stop not giving up control. I’ll give you a perfect example. This my my grandfather on my dad’s side he was Really brilliant to be quite honest with you lived in a town of 300 people Self-taught electrician self-taught HVAC tech self-taught on repairing Zenith TVs back in the 70s and 80s, right?

Andrew Freed / Investor Freed (25:45.762)
Sure.

Stephen Schmidt (26:06.791)
But this guy literally never made any money, even though he was an expert at all these different things, because he could never not do it himself.

Andrew Freed / Investor Freed (26:16.716)
Yeah.

it’s the biggest crux right then going back to your point you know you you see these you go to all these landlord associations and these meetups and you realize a vast majority of people cap out at five to ten properties and you wonder why like why do these people cap out all the time it’s because they feel like they have to do everything they feel like if the light bulb goes out they should be changing light bulb they feel like if the toilet goes they should be going to home depot and picking up the toilet right and a certain point you max out your time and you live in your growth right so you know if you’re trying

Stephen Schmidt (26:30.835)
Mm-hmm.

Andrew Freed / Investor Freed (26:48.657)
the scale you have to become a master at delegation. It’s as simple as that.

Stephen Schmidt (26:53.523)
100%. It’s not about being the expert, it’s about hiring the expert and knowing how to motivate them enough to do the work.

Andrew Freed / Investor Freed (26:59.828)
exactly exactly you know it all year

Stephen Schmidt (27:01.415)
Would you say that that’s… Go ahead.

Would you say that that’s your secret sauce? Because obviously you couldn’t have done this by yourself. Like you’ve had to have had a team. But also hiring, firing, et cetera, and building a dynamic team takes a long time as well. Four years isn’t that long in the grand scheme of business. So would you say that’s your secret sauce is being able to put a team together to go execute?

Andrew Freed / Investor Freed (27:24.44)
My secret sauce is I’m really good at figuring out who, what people that I’m really good at figuring out.

other people doing what I want to do at a larger scale and leveraging their knowledge and implementing that in my own business, right? So when I first started, I identified some of you in hundreds of units, multifamily units, and was doing what I wanted to do at a larger scale. And what did I do to kind of leverage their knowledge? I went out of my way to provide them endless value. So I ended up starting a meetup under their brand. I ended up becoming an investor focused agent and making this guy hundreds of thousands of dollars in commissions, right? And then,

Voila like when I’ve ran into issues or I had problems and I gave him a call he picked up my phone Right so and then actually implementing the advice that he gave me, you know combined with like joining like these high-level masterminds like go abundance and seeing other people have Thousand doors and going up to be like what are you doing? Who are you hiring? What systems are you implementing? They give me that advice. I actually go implement it but not only that

I go implement it, I go back to them and tell them I implemented it and ask them for next steps. That’s the reason, that’s the difference between me and other people is I actually follow blindly other people’s advice who is where I want to be at at a future state.

Stephen Schmidt (28:49.309)
Dude, you made a really incredible point there that I think a lot of people miss in the mentor mentee relationship, which is where if somebody is going to be as generous enough to give you their time and they’re 10x, 100x, 1000x further ahead in the game than you, your mission has to be to go and implement it and then follow up with them on what you did because that’s the key to staying under their mentorship because otherwise,

They don’t know what happened. And then you come back with another question and like, I already solved this shit for you a year ago. Why are you here?

Andrew Freed / Investor Freed (29:26.168)
I literally got asked this question at a recent mastermind. Somebody was telling me the situation and like what should I do? I’m like you should get a 5 % down conventional loan and house hack another three to four unit property. They’re like okay great. Like you know if I have a couple questions in a month or two can I give you a call? I’m like no you can only give me a call once you have a three to four unit property under contract and I see you implement the step one and I will give you step two and step three.

Stephen Schmidt (29:51.603)
That’s awesome. I love that. Well, Andrew, we’re running out of time here, but if people want to connect with you, learn about what you’re working on, where should they go for that?

Andrew Freed / Investor Freed (30:00.984)
They can find me on Facebook or Instagram at Andrew Freed or Instagram at Investor Freed. I’m always there, always feel free to reach out. always happy to provide value.

Stephen Schmidt (30:12.628)
There you go, folks. He’s a stud and we all know it. I hope you got as much value out of this show as I did and we’ll see you in the next episode. Thanks again, Andrew, for being here.

Andrew Freed / Investor Freed (30:21.102)
Thank you.