239: Achieving Financial Freedom at Age 32 with Austin Fruechting | Bigger Pockets Podcast
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
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