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BiggerPockets Real Estate Podcast

239: Achieving Financial Freedom at Age 32 with Austin Fruechting

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 10 August 2017

⏱️ 79 minutes

🧾️ Download transcript

Summary

Many people dream of achieving financial freedom, but how many actually get there? Today on The BiggerPockets Podcast, you’ll meet one man who did just that. Austin Fruechting began buying rental properties less than 10 years ago, but by the age of 32 was able to retire on the cash flow coming in. You’ll learn just how he was able to do this by reverse engineering success, buying rental properties in bulk, and using the BRRRR strategy to minimize the cash he needed to buy his properties. Whether you are looking to achieve financial freedom at 32, 52, or 72, this podcast is one you don’t want to miss! In This Episode We Cover: How Austin got started in just 9 months The details of his first deal Tips for accessing lines of credit as a newbie What you should know about unsecured lines of credit How he finds the deals Why he doesn’t invest in turnkey properties How to map out the passive income financial freedom involves What it’s like to achieve financial freedom at 32 What exactly a long-term buy and hold is How to find a good property manager The best deal Austin’s ever done And SO much more! Links from the Show BiggerPockets Forums Slow Hustle Podcast Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki Thinking, Fast and Slow by Daniel Kahneman Fire Round Questions German roaches – tardy tenants Newbie Wondering Where I Should Invest? Newbies: What is the competitive advantage? Best advice you were given? Tweetable Topics: “The fear is always going to be conquered by knowledge.” (Tweet This!) “When the right deal is there, I do whatever it takes to get it done.” (Tweet This!) “As long as you keep proving yourself, it opens some other doors.” (Tweet This!) “All of the pros started as complete novices and beginners too.” (Tweet This!) Connect with Austin Austin’s BiggerPockets Profile Austin’s Blog Austin’s Instagram Profile Austin’s Facebook Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the Bigger Pockets Podcast, show 239.

0:07.0

Miss me, people.

0:10.0

You're listening to Bigger Pockets Radio.

0:12.0

Simplifying real estate for investors large and small.

0:16.0

If you're here looking to learn about real estate investing without all the height, you're in the right place.

0:22.0

Stay tuned and be sure to join the millions of others

0:25.0

who have benefited from BiggerPockets.com.

0:28.0

Your home for real estate investing online.

0:31.0

What's going on everybody?

0:32.0

This is Josh Dorkin, house to the BiggerPockets

0:35.2

podcast here with my co-host, Mr. Brandon Turner. What's up man? Back in the saddle, baby.

0:41.1

Look who's back from his like nine week trip around the world okay the

0:45.0

crews back in the house what I know I think it is you and you're like

0:49.8

80s 90s references I don't know.

0:53.2

Yeah, I think it was like Dr. Dre or something.

0:57.7

I don't.

0:58.1

Which was in the 90s, sadly, but yeah.

1:00.4

Yeah, yeah, you and your next music.

1:01.4

Anyway, how you doing?

1:02.2

You're back. Hey, how you doing? You're back?

1:02.8

Hey, ma'a, man. You have a good time?

1:04.8

You did not get any uglier. So it's all good. That's really tough to get uglier when you're

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