239: Achieving Financial Freedom at Age 32 with Austin Fruechting

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 dealTips for accessing lines of credit as a newbieWhat you should know about unsecured lines of creditHow he finds the dealsWhy he doesn’t invest in turnkey propertiesHow to map out the passive income financial freedom involvesWhat it’s like to achieve financial freedom at 32What exactly a long-term buy and hold isHow to find a good property managerThe best deal Austin’s ever doneAnd SO much more!Links from the ShowBiggerPockets ForumsSlow Hustle PodcastBooks Mentioned in this ShowRich Dad Poor Dad by Robert KiyosakiThinking, Fast and Slow by Daniel KahnemanFire Round QuestionsGerman roaches – tardy tenantsNewbie 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 AustinAustin’s BiggerPockets ProfileAustin’s BlogAustin’s Instagram ProfileAustin’s Facebook Profile

Episode 239 of the BiggerPockets Real Estate Podcast podcast, hosted by BiggerPockets, titled "239: Achieving Financial Freedom at Age 32 with Austin Fruechting" was published on August 10, 2017 and runs 76 minutes.

August 10, 2017 ·76m · BiggerPockets Real Estate Podcast

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

Episode Description