REI147: Silicon Valley Tech Company Meets Real Estate Investing w/ Andrew Luong
The Intrinsic Value Podcast - The Investor’s Podcast Network
The Investor's Podcast Network
4.6 • 593 Ratings
🗓️ 7 November 2022
⏱️ 57 minutes
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Summary
Transcript
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| 0:00.0 | You're listening to TIP. |
| 0:02.2 | If one home generated, call it $1,000 in rent per month, then if I could multiply that across |
| 0:08.0 | sort of 10 plus homes and it's fully paid off or something, this becomes sort of my |
| 0:12.4 | passive income and I can go and retire on a beach. |
| 0:15.2 | At least that was kind of the initial vision. |
| 0:19.9 | In this week's episode, I talk with Andrew Luong about real estate investing in California, |
| 0:25.3 | why buying the highest yielding properties on paper isn't necessarily a good idea, |
| 0:29.9 | why he wanted to start a startup in the real estate industry, why he chooses to invest in |
| 0:34.4 | single family homes, how the turnkey business model works, and much, |
| 0:38.4 | much more. Andrew Luong is the co-founder and CEO of DoorVest, a venture-backed startup on a mission |
| 0:45.2 | to advance financial security for all. Andrew is also a real estate investor, realtor, and mortgage |
| 0:51.3 | loan officer. With a passion for technology and personal finance, Andrew created DoorVest to enable everyone |
| 0:57.6 | to access financial security through investing in the $3 trillion single family rental market. |
| 1:03.8 | I had a lot of fun recording this episode. |
| 1:06.9 | Andrew is a great guest and shares an interesting business model that I really enjoyed learning about. |
| 1:12.0 | I hope you guys enjoy it too. |
| 1:14.0 | Let's dive in. |
| 1:18.2 | You're listening to Real Estate Investing by the Investors Podcast Network, |
| 1:22.6 | where your host, Robert Leonard, interview successful investors from various real estate investing niches |
| 1:28.5 | to help educate you on your real estate investing journey. |
| 1:35.9 | Hey everyone, welcome back to the Real Estate 101 podcast. |
| 1:48.4 | I am your host, Robert Leonard, and with me today, I have Andrew Luong. |
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