Andrew Freed

Andrew Freed shares his story of how he transformed his life from being employed in a corporate job to becoming a thriving multifamily real estate investor, which is truly inspiring. Andrew always had a desire to achieve financial independence and not depend on anyone else. However, he realized that the conventional post-school path was not fulfilling for him.

Andrew Freed is a successful real estate investor from Massachusetts. He left his corporate job after reading “Rich Dad Poor Dad” and has since acquired over 150 rental units using various strategies like house hacking and partnerships. Andrew aims to syndicate thousands of units and help others achieve financial independence through real estate.

Key Takeaways:

  • Mindset shift: shifting your mindset from scarcity to abundance and believing in the power of manifestation. Manifest your goals and dreams, setting ambitious targets for the future.
  • Home Equity Line of Credit (HELOC): taking this significant risk to kickstart his real estate investment journey,  to invest in multifamily properties.
  • Partnerships and joint ventures: utilizing other people’s money to scale his investments and finding a partner who complements your strengths and weaknesses. Delegate tasks that drain energy and focus on tasks that energize you. Going to as many real estate meetups as possible and gaining connections because that’s where you can meet a lot of the best partners, best lenders, and best contractors.
  • Stop the know-it-all domain: Be a lifelong learner, be coachable, and when you do something wrong, openly admit it to the world and embrace failure as part of the journey.

Andrew’s journey shows us that with the right mindset, strategic moves, and a little bit of courage, anything is possible. Listen now and let Andrew’s journey motivate you to your own path to prosperity and financial freedom.

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The Underdog Podcast host is none other than Pamela Bardhi. She’s rocking the Real Estate Realm and has dedicated her life as a Life Coach. She is also in the Forbes Real Estate Council. To know more about Pam, check out the following:

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The Incredible Rise of Investor Andrew Freed in Real Estate

Pamela Bardhi: Hello everyone and welcome to the underdog podcast. Today, I have an incredible guest here with me. Andrew, how are you my friend?

Andrew Freed: I am fantastic, I am very excited to be here.

Pamela Bardhi: I am so excited to have you. How cool is it to see each other at this point in time working on all these incredible deals and all the things. When we met each other way back when we were both kind of like, in the starting phase of things. We knew each other through acquaintances and friends. And like, here we are doing a podcast. Like, this is the coolest thing in the world for me.

Andrew Freed: Yeah. And we’re both local investors who are both making it happen. I love it.

Pamela Bardhi: It’s so cool and I can’t wait to get into how you got into this incredible world of yours. Because every time I see you on instagram man, you’re like closing a deal. I’m like damn close again. Go Andrew go, so fun. And I know that there are so many people that are listening, that are going to be interested in multifamily and syndication and all that. So we’ll get into all that.

Andrew is living out his childhood dream through real estate

But before we get into all this magic that you have now created my friend, I want to know Andrew’s story. So, question for you. What did you want to be as a kid growing up? Like, what was your dream?

Andrew Freed: My dream was to not rely on anybody. I think when my parents asked me what I wanted to be when I grow up, I told them I want to be a millionaire. I said, I think I told them that. So I’ve always sought time, freedom. But in my infancy, I really followed other people’s paths. And it really took me over a decade of being in the workforce to really find my own journey.

Pamela Bardhi: I love that, Andrew, and I can’t wait to dive really into that. But I love that you’re living out your childhood dream my friend, if you realize this or not. How cool is that? Like you said that as a kid and here you are, full circle. It’s pretty incredible. And building that wealth and that dream of financial freedom through what you’re doing now, which is so cool. So walk me through high school and kind of, into college and all those years, and then into the workforce. Cause I’d love to hear story of how you got to where you got to.

Andrew Freed: So, I mean you make a lot of good points. Manifestation and creation is a powerful thing, and we have so much more power than we think we do. Right? It’s just crazy to see the person I was to the person I am now. But to your point growing up, honestly I had a really tough childhood, I had no friends. I escaped into video games, was diagnosed with AdH. They gave me about around 60 milligrams of Catarron when I was in third grade. Like, an 80 pound kid, I was just zonked out, couldn’t talk with anybody. Literally had one friend through most of elementary school. You know, as a result I really was very anti-social. And it was a very low point in my life.

At that point I think I was actually contemplating suicide a couple times. Didn’t really go through with anything, but the thoughts did go through my mind. As I grew up and I really found myself, I think I got into high school, I weaned myself off of Adderall. Started playing sports, developing some friends, and getting over some of my antisocial tendencies. I think at that point I found cannabis. It really helped me kind of get my head on my shoulder and really kind of started doing better in school. And then at that point, I kind of ascended to going to school, going through the normal american dream like everybody else does. Like your parents push you to do.

Get a good education, you know, get a good job. Work at a prestigious institution, make six figures, buy a nice swanky condo in Boston. Like, I essentially followed everybody else’s path. I did what everybody else said I should do, right? Then come around COVID. At that point, I really had to look myself in the mirror and see. Is this really the life that I wanted to create? That’s when I found the great purple book, which I know I’m sure you’re aware of, the Bristette. Poor dad, right? When I found that book, it really opened my eyes to the power of real estate. And at that point my net worth was around $250,000, $200,000. Which of my net worth was in this one bedroom condo I bought five years ago that I completely forgot about.

Took me literally a decade in the workforce, making six figures to build $50,000. And at that point I thought, is this really the path to retirement? Am I really going to escape the grind? At that point, I decided I really had to make a change. I really had to change the status quo because at this stage, it’s gonna. A 30 to 40 year time riding scared me more than actually taking a dive, going bankrupt, and starting a rover again. Right. So I really took a heloc. Homeland of credit, on my one bedroom condo in Boston for $200,000, 80% of my net worth. I used that to start buying as much multifamily as I possibly can about three years ago.

Pamela Bardhi: That’s incredible. And, Andrew, thank you so much for sharing all of that too. I mean, powerful stuff.

Bill says something shifted in you to move from workforce into making that risk

And you know, when it comes, you mentioned a couple of things that I really want to backtrack on. Is like the mindset and manifestation thing, because something shifted in you to move from workforce into making that risk. Because we all know the whole difference between, good and great is execution, right? You actually went out there and you executed, which I think is incredibly powerful. But you know how many people are stuck in analysis paralysis. Where they know they want to do this new thing, but they somehow can’t bring themselves to do it.

So I would love to hear, kind of, like, your thought process and what really helped you. And the things that you did to really make that shift in that transition to actually go in there and actually say, you know what? I’m gonna go get this heloC, I’m gonna go get this first deal kind of thing. Cause there’s a lot of people stuck in that, in between that now they see it, right? It’s right here, but somehow they just can’t take the step forward to go and do it.

Andrew Freed: During my progression through the corporate ladder, I very much was a dreamer, ended up getting my masters. I think I did my master thesis on creating a business, right? But I always dreamed of it, and I never actually did it. At a certain point, you know, I really had to come face to face and look myself in the mirror and figure out. Like, if I continue on the same path, I’m going to continue the same status quo, is this the life I want to build? That hopefully scared me more than taking action and taking the leap. And I think a lot of people have to ask themselves that question. Is the current life you live now, what you want your life to be five years now, ten years from now?

Because if it is, keep doing what you’re doing, it’s not the life you want, make it change. Do something different, right? And that’s exactly what I ended up doing, I’m so glad I did that. I mean, just going back to some of my earlier points, honestly, there’s no regret throughout my life. Like, I am so happy that I had such low points early in my life. Because as you know, to be great, you have to face adversity. I’m happy I faced adversity so young. In my timeline, it didn’t take Bill till like 30, 40, 50 for that midlife prices to actually face that challenge.

Pamela Bardhi: Absolutely.

When I shifted from a scarcity mindset to an abundance mindset, my net worth exploded

And I mean, I think a lot of this has to do with mindset. So I’d love to hear this because listen, one of the most powerful things I’ve ever heard in my life. I never really connected these two worlds until I was sitting in a conference and Tony Robbins was speaking. He goes up there and he’s like, well, a lot of you guys might agree with this. The successful ones do, he’s like and everyone else, I don’t know, it might play in your mind. And he literally says, business is spiritual, I was like, right. It’s all about mindset and all that.

How open you are determines how open your bank account is, how many zeros you’ve got there. I would love to hear kind of the mindset and the things that helped you kind of shift into that. Mindset of abundance and like, releasing that fear of taking those action steps forward and making those first leaps into doing what you’re doing. So I’d love to hear the kind of things that help, too. Yeah.

Andrew Freed: I mean, to your point, when I really changed from the whole mindset of a scarcity mindset to an abundance mindset. That’s where my net worth kind of exploded like that, I thought I was going to save myself the financial freedom. I thought I was going to put my money in stocks and put it in other people’s hands to get myself there. Then when I realized that that’s not a feasible way to actually achieve growth. You actually have to go to an abundance mindset and a growth mindset. And take ownership of your own financial health, that’s where my life really blossomed. 

And the biggest tip that I learned, to really help me grow to the level I’m at. The more value provided to the world, the more the world will provide back, right? So if I just provide endless value to the world and expect nothing in return, I know the world will give it back to me. Maybe I provide value to somebody who doesn’t give it back to me. But I know it will come back in another form, in another way. If you have that confidence and you have that belief in the universe, abundance will come your way.

Pamela Bardhi: I absolutely love that. Oh, my gosh. I just love hearing the mindset stuff. That’s the stuff that really helps you break forward and create those neurological pathways to create room for change. These new habits and breaking those fears, because fear is the number one thing stopping us from the things that we want to do in this life. So it’s so cool to hear your perspective and really the things that helped you kind of shift into that abundance mindset, if you will.

Andrew bought his first property through a line of credit

And so getting back to your heloc that you did for the first time. What was that first deal like? Tell me about that. So, say, what was the process like for you to get that heloc? Because maybe there’s somebody listening right now that’s like, I know, I’m right there. I’m right there where Andrew was, what did he do? You know?

Andrew Freed: Yeah. So at that point, I went to the bank, I think Citizens Bank. Asked him for a line of credit. At that point, I had around 200,000 of equity in my property. Told him I wanted a line of credit, so I applied for it. They did an appraisal, and this is a really big tip. Whenever you get a line of credit or refinance. You always want to fight the appraisal, even if it comes in high, you always. Because the stores are going to say no, right? And I didn’t do that for that heloC, I did that for other helocs. But I have fought appraisals, on refinances, I have fought appraisals on lines of credit. I’ve literally increased the value of the property by hundreds of thousands of dollars.

For this particular property, thankfully, I didn’t have to do that. They valued it very high and I just took it. At that point, I got my line of credit, got pre approved from a lender for a house act, a three family house act. And at that point, I really was adamant about finding a three to four unit property house act in Boston. During COVID it was extremely competitive. I was losing out on cash offers left and right. After 30 to 40 losses, I was like, I got to make a change, I got to do something different. Then I decided, all right, let me look at a market that has a lot of multifamily in Massachusetts. So I looked in the MLS. There were really two markets that had a ton of multifamily. Brockton, Massachusetts and Worcester, Massachusetts.

Brockton, Massachusetts produces the highest level of champion level boxes. So I’m not going to really say much more than that, but it’s not the easiest market to play in. Right. Actually decided to go to Worcestershire, and I ended up finding three families in Worcester. I did an FHA loan. I think I took $40,000 from my line of credit, bought it for $560,000, a three unit property. The mortgage on that was $3,200.02 of the units rented for $3,200. Then I lived in the third for free. Well, I mean, plus the phantom expenses, capex vacancy repair maintenance of all that stuff. But primarily it is way cheaper than me in that condo. And then I kept that condo and threw a renter in there. That’s kind of my first start in getting into real estate.

Pamela Bardhi: That’s amazing, that’s for anyone who’s listening that has never heard the term house act before, that’s exactly what it is. It means that your tenants pay your mortgage, and then that pretty much is not like, you kind of live for free. You don’t really have to kick anything in. But then the idea is on that last unit that you have that it has this thing called cash flow. Which is the most important thing you could ever know in real estate. Right? So basically, that’s the income that that property is generating for you every single month, which is so cool. Basically, you went out and you bought an owner occupied property. Utilizing your line of credit on your existing, and essentially taking it from there. That is so cool, that’s exactly what I did, too.

Andrew Freed: And I moved into the absolute worst unit there, and I rented out the nicer ones. So I recommend that as well.

Pamela Bardhi: Love that, Andrew. And then, cause I mean, now I can’t even remember how many deals are you at now? Just cause I’m trying to get from that one to whatever you’re at now. Where are we now?

Andrew Freed: So I closed in that December 2020, and since then, I think I’m up to around 150 units. And I have 100 more units under contract at this moment.

Pamela Bardhi: Holy cow. And that’s in the last three years?

Andrew Freed: That’s in the last three years, that is correct, yes.

Pamela Bardhi: So you acquired an average of 50 units per year.

Andrew Freed: Well, that’s not how it happened. So I think my first year I got up to seven units, and then my second year, I think I got up to 18 units. And then my third year, I got up to one hundred plus units. It was a quick progression and it really kind of, it really revolved around the fact that when I first started, I was a 1 minute show. I used all my own money and I pretty much relied on myself. Then I started to dabble in partnerships, joint ventures, and working with people on commercial properties.

Just partnering people 50-50 and things like that. And then when I really learned how to partner and utilize other people’s money, that’s when I really scaled in that third year. So it was really a progression over time that allowed me to scale. Didn’t go 50 50 50. It was kind of an exponential growth.

Pamela Bardhi: That’s incredible.

Coran: Focus on things that bring you energy and delegate things that take energy

And for anyone who’s listening to take that leap between the two worlds of going from like seven and then beyond. What were some of the most important things that you had learned during that process? Any tips that you would give to anybody who’s thinking about, okay I want to invest in multifamily real estate. Okay, I really want to scale things up. Like, what are some of the most important tips throughout the way?

Andrew Freed: Create your systems at your infancy, even if you own one unit get your contractor Rolodex in place. Get all your tenants on electronic payment. Have systems in place, get electronic locks in the property and systems in place to save your time. Additionally, hire a bookkeeper. Don’t be doing books, just pay it, hire it out. The other thing to scaling that I would highly recommend is figure out what things take away energy from you. Hire it out or eliminate it. Focus on things that bring you energy and delegate things that take energy away from you. Because at the end of the day, it really scales. You want to be sitting in your genius and you’re not sitting in your genius if you’re sitting in things that take energy away from you.

Pamela Bardhi: Absolutely, I totally agree with that, like anything else. Because if you’re wearing a million different hats, you don’t even know where your head is at. So you want to make sure that you’re working on the areas that are going to give you that scale income to really keep going. You should be only doing income generating things if you will, in your business and also focusing on the things that you like. Because the minute that you do something you don’t like, things start to head backwards, right? You wear too many hats, you’re exhausted. Because then you can’t do the things that you’re super good at, you literally.

That’s what happens, like you were saying. You’re a one man show, and you get to a certain ceiling that it’s like you plateau. It happened to me in my businesses too, it’s like you go so far so fast, right? And you’re. But then you have a mental toll on this, cause everything has a cost. Either it’s gonna cost you time, so it costs you money. If it costs you your time, usually your mental health and sometimes physical health goes along with that. So you really wanna be conscious of where you’re expanding your energy. Like you said, which I think is super important for people to know.

Andrew Freed: Yeah. Then. I mean, the other thing that really allowed me to scale quickly is to find my yin to my yang, right? You wanna find that partner that is a genius at the things you’re not great at. You’re a genius at the things that they aren’t great at. Because together, it’s like one plus one equals ten, you know? And that’s exactly what happened to me. I ended up finding my partner, Zach Gray, he essentially is fantastic. All the things I do not like doing, and I am fantastic at all the things he isn’t great.

Like, I’m really good at back office things. I’m really good at project management, keeping things on track. And he’s really good at tenant communications, he’s really good at talking with investors, and raising money from investors. He’s really good at boots on the ground, making sure things happen, you know, dealing with contractors. So we really match well a lot and really allowed us to scale exponentially.

Pamela Bardhi: I absolutely love that, the end to the yang, I mean it’s super important. You can’t have two people that are doing the same thing on our team. It’s just not gonna work. Like, one of the most important things that I’ve ever heard was Barbara Corcoran, she was speaking at an event. This was really early in my real estate career. She’s like, you know, one of the reasons why we did so well with my brokerage is because there was a visionary. And then there was the operator, right? There was one she’s like, I was the one who was going out there. Facebook, all right, connecting people, the extroverted one, doing all the things, being the face of the business. Meanwhile, my partner was behind the scenes on the operations and working diligently on every single detail and all that.

She’s like, I couldn’t do this myself, you know when I built the Corcoran group, there’s no way she’s like that. I wouldn’t have been able to sit behind the scenes and do that. My partner was the queen, and I was the queen on the other side. Together, we created this yin and yang like sets of, that is incredibly powerful, and that was literally Barbara Corcoran shared. That was her secret sauce in building her first business that was then acquired for 60 million plus dollars. It’s really powerful when you bring these worlds together, meaning you need a team. It cannot be done alone, it just can’t. And so going about kind of like, maybe there’s somebody right now that’s hitting a plateau, that’s listening.

Another strategy that has helped me partner on deals is creating a local mastermind

Andrew, like, what would be your recommendation and going out there to find that other kind of yin to the yang kind of partner and really what to look for?

Andrew Freed: Well, if it’s in real estate, you definitely want to go to as many real estate meetups as possible and gain connections there. Because that’s where I’ve met a lot of my best partners, my best lenders and my best contractors are. At these meetups, these people make it happen. Right? Another really good strategy which has helped me partner on deals. Is finding other people in your market doing what you are doing at this similar level and creating a local mastermind. I did that where I think I found five or six people, all with a similar level, amount of units, all in the Worcester market. We end up meeting weekly, going over our goals or highs and our lows, talking about our deals. And from that one, mastermind, I closed on 100 units.

Additionally, now I’m doing that with another local mastermind, where I have three people. All with 100 plus units in the master tree scenario, meet every week. And now I’m getting a 40 unit portfolio in Worcester from one of those people as well, that I’m partnering on. That’s another really powerful strategy to surround yourself around people doing what you want to do. The secret sauce is right there, it’s just a copy and paste, it’s not rocket science. Real estate is very repeatable, all you have to do is see somebody doing what you want to do. Day in and day out on copy and paste, it’s that simple.

Pamela Bardhi: That, it’s the power of the brain. Because again, like we said, you plateau at a certain level. Then all of a sudden, when you’re in this group and you’re with these other minds, collectively. The places that you could go further, faster together, you want to turn decades into days. That’s how you bring in like minded individuals and you kind of crank that I love. So cool and that’s such a beautiful way to really allocate that. As I always say, 100% of zero is still zero. What are you trying to do everything for in the long run? You’re actually losing thousands of dollars. I learned that the hard way, growing up with foreign parents that are like, no, I’m gonna do it myself. And it’s not their fault, but deeply ingrained in them was the scarcity mindset.

Because coming to this country with nothing, so it’s like a whole lot of things that they have to reprogram. But it’s like, that’s the arena that I was growing up in. For a long time, I was that person that I was like, I’m gonna do it myself and I want to do this. Then I’m looking back and I’m like, why is everybody who’s like, billionaires, they’re all super collaborative. They own all these businesses, how the hell did it? You know, and then going into the world and learning all of that. It’s super cool to see how important these jvs and all these partnerships are. And GPL, all these different structures are super important because they can make only a little piece of a lot of things. Makes you extraordinarily wealthy in the long run, right?

Andrew Freed: Totally. Absolutely.

Pamela Bardhi: Oh, my God, it’s so cool, I love it. I can go down a whole rabbit hole with all that stuff. But back to your zone of genius, which is the multifamily sector. And there’s a lot of people that are interested in investing in this world, Andrew.

Some simple practices that people can utilize to really find deals in this marketplace

So, like, what are some of the top things that you look for that you think is critically important when you’re looking at these deals?

Andrew Freed: One of the top things I look for is a mismatch between bedroom count and square footage, right? If I’m seeing one bed all at 1000. Know for a fact that I can squeeze maybe one, two bedrooms more in there for $5,000 of carpentry work. So I really look for a mismatch between square footage of bedroom count in a particular unit. I also make sure to look for tenants month to month, and there’s being a large delta between current. Between market rents and where current rents are at, combined with getting a good price per unit relative to the area. And that’s important relative to the area. Springfield, as you know, Springfield, Massachusetts, things normally hit the 2% rule.

So yeah, I mean, things may look great up there but everything looks great. You have to make sure it looks great in conjunction with that particular market. Same with Worcester, same with Boston. Right? I mean, those are some simple practices, I would say, that people can utilize to really find deals in this marketplace.

Pamela Bardhi: Love that.

Andrew: I took zero of my money and turned it into $600,000

Andrew, can we walk through a few of your deals or anything that you want to share on a couple of fun ones that you’ve done? Because, you know, they’re all, ah.

Andrew Freed: So I’m going to walk you through a scenario where I took zero of my money and turned it into around, five, $600,000. All right, so I’m taking notes.

Pamela Bardhi: Anyone who’s listening take notes. Andrew is going in.

Andrew Freed: So remember that heloc I opened up a while ago, right?

Pamela Bardhi: Yep.

Andrew Freed: After that house hack, I still have about $160,000 on it. At that point, during COVID I think I was borrowing at 3%. My mentor was putting together a local syndication 132 unit building in Lowell, Massachusetts. And he was offering a 15% to 20% return on the money, my mind’s like, I’m borrowing at three. I could put it in this pot of money, get 15% to 20% to no freaking brand. Ended up taking $65,000 from my line of credit. Remember, that’s not my money, that’s the bank’s money, I put that into this syndication as a limited partner. Only brought the money, and a year later, that property sold for an 89% return. So I think I got my 65 back, and then I got about 60, $70,000.

What did I do with that money? I ended up partnering with my partner, as of today, on a five unit building in Worcester, Massachusetts. We split it 50-50, we bought it for $650,000, I think current rent, around $3,500 on that fiveplex. And, we ended up getting a construction loan on it. After about six months, we got the rents from 3500 to around $88,500 per month. About nine grand, 8509 grand per month. At that point, we increased the value of that property from 650 to around 905, 910. So what do we do there? Went back to the bank, the same bank that gave me the loan, and I got another line of credit. Because when you want to get a line of credit on a commercial property. It’s way easier to get it from the bank who has the first lien.

That’s exactly what we did, we took out another line of credit for $156,000. We essentially got all of our money back and we took that money. Then we transitioned that into a nine plex in West Rhode island. And we got that nine plex for around $715,000. It’s four gutted units and needs about $190,000 worth of work. After everything is said and done, that thing’s going to be worth around $1.3 million. Not only that, it comes with an extra parcel that we can sell for two to $300,000. I remember I own this 50 50 with a partner. But that’s literally me taking zero of my money. The bank’s money, and turning that into five to $600,000 in net worth.

Pamela Bardhi: That’s insane, that’s so cool. The way that you, when you can leverage like that is when you can compound at a ridiculous level. I love that, Andrew. And I love the creativity behind it because, this is like all within a four year time span, roughly.

Andrew Freed: This was all within three years. Three year time span.

Pamela Bardhi: An even more amazing three year time span. That’s so freaking cool. Oh, my God. And you were able to leverage that. It’s taking something that it’s here at 3%, and then you flipped it into what it is now. Which is in. I mean, I don’t even know what the percent is on that form.

Andrew Freed: And think about, that’s only three deals, right? I’ve done a lot more deals in that timeframe, so, I mean, don’t be right. That was one of my best deals. I’m not gonna lie. But real estate is very powerful for creating wealth nonetheless.

Pamela Bardhi: That’s why great’s, the most billionaires on this planet. I love that, Andrew. Oh my gosh, man. And there’s so many things.

What would your older self tell your younger self based on what you know now

So, this is my favorite question and I always save the best for last for this exact reason. But, like, what would your older self tell your younger self based on what you know now? And this could be in business, it could be in real estate, it could be personal, it could be whatever comes to mind.

Andrew Freed: I would say my older self would tell my younger self to stop being a know it all dummy. Like, the main thing on why I’ve been able to achieve the level of that I’ve been able to achieve. Is because I’ve been a lifelong learner and I’m extremely coachable. And when I do something wrong, I openly admit it to the world. Because that’s really what held me back growing up, having to get. Having to get good grades, having to be perfect in school, like, being scared of failure. As you know entrepreneurs, they’re the best at failure because they know once they know. True failure is only when you quit, right? But when you never quit, you never fail.

Pamela Bardhi: Right? Amen. And it’s really like, failure is just lessons, it’s not even really a failure. It’s just lessons learned, it didn’t work out. But it always teaches you something. They’re like, that didn’t work out but it did teach me. You know I always tell people, it’s not really where you start, it’s really where you finish, right? Just because where you’re at right now, it’s just a bad chapter, it’s not a bad book, right? So just know that you can rewrite every single day, you can get up, and say, you know what? I want to post this chapter, I want to write a new one tomorrow in your book, just like you did.

You were like, hey man, we’re gonna go ahead and create some wealth. We’re gonna house that, we’re gonna do this, do that. Like, you know, you’re rewriting your own story, and you’re manifesting your own reality. Which is, I think, the most critical thing anyone could ever know in this lifetime.

Andrew Freed: You’re right. I mean, our thoughts create any reality we want. And, if you think otherwise, then look at the life you live because you’ve created it. So I think Jim Carrey mentions it, but you hear that story with Jim Carrey and his bike, right? I’ll let you tell the story then.

Pamela Bardhi: No, I read the one with him about the $5,000 check that he wrote. He wrote a $5 million check to himself for doing. What was the one, the map? The mask?

Andrew Freed: It was dumb and dumber, maybe.

Pamela Bardhi: Was it? Okay, dumb and dumber or the mask? Was one of the two, and he wrote that himself, that check and he dated it for x amount date. It was at that point in time, in which by that date was like December of whatever year it was. He had gotten a $5 million check for that movie, which I actually said, I think it’s dumb and dumber. Which is insane, so he signed it, he dated it, and this was years in advance. And he used to drive up the Hollywood hills park, watch and say, I’m gonna be here someday.

Like, there’s a whole arc to this. I mean, it’s the coolest thing. I’ve heard so many people talk about it. They’re kind of their befores and afters and experience it in my own life, too. Manifestation is a crazy thing, I love everyone’s story of how they incorporate it, though. So I would love to hear yours, Andrew, on that.

Andrew Freed: I think my manifestation was when I first got into real estate. Wanted to house hack ten multi family in ten years and retire the beat somewhere. And I think I far exceeded that manifestation. Within my first, like, two years, it’s been a pretty incredible journey. Really has.

Pamela Bardhi: Ah, that’s incredible.

Andrew Fried says he plans on leaving real estate to focus on philanthropy

And so now these three years have been at, like, super speed. But what’s going on in your world in the next few months? Like, what’s happening? Is there another thousand units coming at this point, at the rate that you’re growing? It’s amazing. Yeah.

Andrew Freed: So we’re currently expanding our team, we hired a project manager, an executive assistant and we got three virtual assistants. We got an assistant project manager, we’re going to be taking on an assistant property manager. We’re really growing our team so me and my partner can really focus on the growth activities. And not be stuck down in the day to day activities. That’s kind of the goal right now. I do plan on leaving my two soon as well, and really going full in the real estate. Because during all this growth, I still work, I still have a w two, by the way. Yeah.

So I think that’s kind of the next step. My ultimate goal, I would say ten years from now, is I want to syndicate 10,000 units. I want to actively own 500 units to travel to 100 countries, write a book. And I want to help 10,000 people reach financial independence, that’s my long term play in the next ten years.

Pamela Bardhi: That’s so cool, and I can’t wait in ten years. We can replay this episode back and we’ll see how far you’ve exceeded that, my friend, I love that. Oh, my gosh, Andrew, you are amazing, my friend. I know there’s people listening right now that are like, how can I get in touch with Andrew? Where, what are your links? Do you have anything we can check out, like, website wise? Instagram? Where can we find you and connect with you?

Andrew Freed: You can connect with me on Instagram at Investor Freed, also on LinkedIn and Facebook at Andrew Freed. I also host some meetups as well, in Worcester, Massachusetts. Simplified Rei and host one in New Bedford, Massachusetts, another simplified aria. So come find me there as well.

Pamela Bardhi: You are amazing, Andrew. Thank you so much for this, man. I love when I have conversations with entrepreneurs like you because I just want to run through walls. afterwards, I’m just like, yeah, man, that’s so freaking cool. I love hearing these stories. Thank you so much.

Andrew Freed: Thanks for having me.

Underdog is a weekly podcast featuring advice from underdogs

Pamela Bardhi: So that’s it for today’s episode of Underdog. Catch us next week. Always dropping on Thursdays. And remember, if you’re interested in real estate or want to learn how to create more money and magic in your life, check out, and let’s chat. Sending you so much love.


Tune in to the episode to hear the rest of my incredible interview with Andrew Freed. If you found this story worth your time and made changes in your life, we’d love to hear from you! Subscribe and leave a review. The Underdog Podcast host is none other than Pamela Bardhi. She’s rocking the Real Estate Realm and has dedicated her life as a Life Coach. She is also Forbes Real Estate Council. To know more about Pam, check out the following:

If you’re interested in elevating your life 10x, and owning your power, Pamela invites you to join her for a 15-minute call to set your goals straight and get clarity. Start building your game plan now: