Real Estate Investing 365 | Episode 27 - Andrew Kerr |
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Real Estate Investing 365 Episode 027 Andrew Kerr: Full time passive investor sold 40 doors to house hack and do non profit work fulltime
Andrew Kerr is from New Orleans, Louisiana. He is a full time passive investor nonprofit worker. After spending six and half years working in banking, burnt out, had a boss I hated, a horrible commute, and a job he didn’t enjoy, he was making good money, but not happy with life and realized it wasn't for him. He’s been buying and investing real estate for 17 years. He started in college housing units around North Carolina they move down in New Orleans with her wife and do house hacks. Over the years he had bought property, sold property, raised money from investors, flipped homes, dealt with two different property fires, handled at least a dozen plus evictions (almost all without a lawyer), done joint ventures with partners, invested in multiple states and have had multiple successful exits with double-digit returns. He also shared his nonprofits work in the past couple of years in both domestic, international disaster response work and supporting US army. Enjoy the show! In this episode: [00:35] How Andrew started in Real Estate? [03:03] 40 doors [06:40] how did you first come to learn about buying the rental [08:50] did you run into any problems with being a young real estate investor? [10:45] Portfolio Lender [13:00] debt service coverage ratio [14:13] Did you sell all the properties in one bulk sale or did you do multiple exchanges? [16:30] House Insurance [24:30] House Hacking [30:00] Resources [33:00] What about what do you do to keep your mind right? Resources: MLS Brandon Turner BiggerPockets Coach Chad Carson Toodle do Biohacking Secrets Hacks Quotes: “I don't want to deal with college kids, you know, they beat beer cans everywhere” “You just start to get to a point where you want to be more passive and I wanted to spend my time doing other things.” “A mentor told me and you're never going to be able to time the market you can't predict the bottom, the top.” “I didn't have a ton of cash really on and that let me really help grow and scale” Links: https://fibyrei.com/the-house-hacking-podcast/ IG: https://www.instagram.com/thehousehackingpodcast/ https://www.instagram.com/fibyrei/ FB: https://www.facebook.com/TheHouseHackingPodcast https://www.facebook.com/FIbyREI/ Twitter: https://twitter.com/fibyrei https://twitter.com/thehousehacking HIT SUBSCRIBE BUTTON NOW! ITunes -https://podcasts.apple.com/us/podcast/real-estate-investing-365/id1475371846?fbclid=IwAR0mRuLmi3QcpEfjCNxb3tNMK6foQOfppvUvd_iulofX1roKFzRB2G1JDMQ Spotify - https://open.spotify.com/show/7IYzjVQN9lqFoIhfl2XPcn?fbclid=IwAR1FqcEqNkfD_QKrH2c2L2RjfxH82Rkbvfz-N3IowR3Dw0-nMRXYj5mBKJ4 Google - https://play.google.com/music/listen?t=Real_Estate_Investing_365&pcampaignid=MKT-na-all-co-pr-mu-pod-16&u=0&view=/ps/Iherb4wsxoz5mgcplgblfgcvxfu Stitcher - https://www.stitcher.com/podcast/justin-hannah/real-estate-investing-365?refid=stpr&fbclid=IwAR3KRkYRChO3UY7Hh_heBbbkkcHmVsS48pvpKPb11M-UOtLjgsDQM9MwiE4 |