MB 477: From House Hack to 350 Units: How to Achieve Financial Freedom in a Tenant Friendly State - With Andrew Freed
How do you scale to 350 multifamily units in a high-regulation, tenant-friendly market like Massachusetts—starting with a single house hack and a HELOC?
In this episode, Andrew Freed breaks down how he did exactly that. He shares how he transitioned from a high-paying W-2 to full-time real estate investor, why he leaned into a market most investors avoid, and how strategic partnerships and capital raising unlocked serious growth. You’ll learn what actually worked, what didn’t, and how Andrew built a business that now self-manages 250+ units—all without starting rich or flashy.
If you're serious about scaling and want a real-world blueprint from someone who's done it in a tough market, this one's worth your time.
Key Takeaways
Turning a W-2 Into a Real Estate Exit Plan
- Why Andrew stayed at his W-2 way longer than he needed to
- The mastermind moment that finally pushed him to quit
- How he 5X’d his income after going all-in
How to Go from One House Hack to Hundreds of Units
- The simple playbook he used to scale with zero previous experience
- Why he ditched the “one duplex a year” plan and went big
- How small, boring properties (2–30 units) became his superpower
Raising Capital Without Feeling Salesy or Sleazy
- How Andrew raised over $20M—even as an introvert
- The mindset shift that made all the difference
- What NOT to do when asking people to invest
Investing Where No One Else Wants To
- Why he’s buying in Massachusetts—and crushing it
- How Section 8 became a secret weapon
- His strategy for thriving in “landlord-unfriendly” markets
Partnering the Right Way (So You Don’t Get Burned)
- How to structure roles, control the money, and build trust
- Why partnerships skyrocketed his growth—and what to watch out for
- His “video game” approach to business (seriously)
Connect with Andrew
https://freedommanagement.net/
Connect with Michael
Resources
Access the #1 FREE Apartment Investing Course (Apartments 101)
Schedule a Free Strategy Session with Michael's Team of Advisors
Explore Michael’s Mentoring Program
Join the Nighthawk Equity Investor Club
Review the Podcast on Apple Podcasts
Get the Book, Financial Freedom with Real Estate Investing by Michael Blank
For full episode show notes visit: https://themichaelblank.com/podcasts/session477/