meta_pixel
Tapesearch Logo
Log in
Financial Freedom with Real Estate Investing

MB 477: From House Hack to 350 Units: How to Achieve Financial Freedom in a Tenant Friendly State - With Andrew Freed

Financial Freedom with Real Estate Investing

Michael Blank

Business, Investing, Entrepreneurship

4.7 • 577 Ratings

🗓️ 23 June 2025

⏱️ 37 minutes

🧾️ Download transcript

Summary

How do you scale to 350 multifamily units in a high-regulation, tenant-friendly market like Massachusetts—starting with a single house hack and a HELOC?

In this episode, Andrew Freed breaks down how he did exactly that. He shares how he transitioned from a high-paying W-2 to full-time real estate investor, why he leaned into a market most investors avoid, and how strategic partnerships and capital raising unlocked serious growth. You’ll learn what actually worked, what didn’t, and how Andrew built a business that now self-manages 250+ units—all without starting rich or flashy.

If you're serious about scaling and want a real-world blueprint from someone who's done it in a tough market, this one's worth your time.

Key Takeaways

Turning a W-2 Into a Real Estate Exit Plan

  • Why Andrew stayed at his W-2 way longer than he needed to
  • The mastermind moment that finally pushed him to quit
  • How he 5X’d his income after going all-in

How to Go from One House Hack to Hundreds of Units

  • The simple playbook he used to scale with zero previous experience
  • Why he ditched the “one duplex a year” plan and went big
  • How small, boring properties (2–30 units) became his superpower

Raising Capital Without Feeling Salesy or Sleazy

  • How Andrew raised over $20M—even as an introvert
  • The mindset shift that made all the difference
  • What NOT to do when asking people to invest

Investing Where No One Else Wants To

  • Why he’s buying in Massachusetts—and crushing it
  • How Section 8 became a secret weapon
  • His strategy for thriving in “landlord-unfriendly” markets

Partnering the Right Way (So You Don’t Get Burned)

  • How to structure roles, control the money, and build trust
  • Why partnerships skyrocketed his growth—and what to watch out for
  • His “video game” approach to business (seriously)

Connect with Andrew

https://freedommanagement.net/ 

LinkedIn

Facebook

Connect with Michael

Facebook

Instagram

YouTube

TikTok

Resources

TheFreedomPodcast.com 

Access the #1 FREE Apartment Investing Course (Apartments 101)

Schedule a Free Strategy Session with Michael's Team of Advisors

Explore Michael’s Mentoring Program

Join the Nighthawk Equity Investor Club

Review the Podcast on Apple Podcasts

Syndicated Deal Analyzer

Get the Book, Financial Freedom with Real Estate Investing by Michael Blank 

For full episode show notes visit: https://themichaelblank.com/podcasts/session477/

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, dealmakers, welcome to the show where it's all about financial freedom with real estate.

0:03.7

Let's do this.

0:11.3

So in today's episode, we're hanging out with investor Andrew Freed, who left his job last year.

0:18.0

He was basically from house hacking into a larger multifamily portfolio, and he's doing it in

0:23.2

Massachusetts in the Boston area, and that's significant because it's a very pro-tenant area.

0:29.9

Normally we advise people not to invest in those areas because it's very difficult to evict,

0:33.5

and he's kind of made it a specialty.

0:35.3

And like so many people, he started with a he-lock buying a condo, then he house-hacked it, and then it kind of made it a specialty. And like so many people, he started with a he lock buying a

0:37.8

condo, then he house hacked it, and then it kind of grew from there. And so we came to the

0:42.7

realization that it's going to take too long to scale with these small residential condos,

0:48.9

rentals, and even house hacks as well. And so he kind of talks about that journey. And might

0:53.3

just shave off

0:54.4

several years of your own journey because it's like so many people, they start with a certain

0:59.1

strategy to go rental or flips or short-term rentals and it just takes too long. It's too much work

1:04.2

to get there. And so we kind of walk through that journey and how he came to the conclusion that

1:08.2

larger multis is the way to go. So let's get into it with Andrew Freed.

1:29.2

Andrew, welcome to the show today. I'm excited to be here. Thank you for having me. Well, I'm excited to get in your story because you quit your W-2 last year. And gosh, we want to know how to do that because that's all that's what we want to know. Well, how do we use real estate to get out of whatever we're doing, give us options?

1:31.9

But, but let's rewind the the clock a little bit here what when did you start getting into real estate when was that

1:36.8

what was going on in your in your life so getting into real estate all started with an epiphany

1:43.4

and the epiphany i had was during COVID when I read rich dad, poor dad, you know, when I came and I came to the realization that, you know, maybe the American dream wasn't what it's all cracked up to be. You know, prior to that, you know, I got a good education. I got a bachelor's. I got a master's. I got a job at a prestigious institution, the Broad Institute of MIT and Harvard. I was a certified project manager. I had a nice winky condo in the city. Like I did it all. I made it. I followed the formula. But at the end of the day, like I really felt empty when I came home for work. I really felt like I had so much that I could do, like that I was still left on the table. Right. And when I read Rich Dad Poor Dad, that really, you know, I really came to the realization like, you know, that, you know, maybe there's something to this real estate thing. And that's when I decided to look at my net worth. And at that point, my net worth was $250,000. $200,000 came from this one-bedroom condo I

2:36.7

completely forgot about. It literally took me 10 years to save a $50,000. And that was really kind of a

2:42.6

light bulb went off my head. It's like, maybe there's something to this real estate thing.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Michael Blank, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Michael Blank and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.