May 15, 2020
Investing in apartment syndications may seem out of reach when you’re deep in debt, but today’s guest shows us the power of real estate on her journey to financial independence. We are excited to sit down with Megan Lamke on this week’s episode! Megan started with over a half a million dollars in debt between her and her husband and through years of determination and sacrifice, was able to become debt free. She did this by house hacking, utilizing the BRRR strategy, and snowballing their debt. After creating a financial foundation, Megan began pursuing multifamily real estate syndications both passively and as a general partner. She shares with us how she is able to do it full time and what she looks for in a great deal.
We cover so much with Megan like how she was able to become debt free and what motivated her to live a debt free life, the mistakes one should avoid when tackling debt, and how she transitioned from house hacking to apartment syndications. Megan also shares her daily executable tasks to find investing opportunities.
Megan started in the real estate industry working for Wells Fargo in 2008 during the refinance boom for investors. While working full-time climbing the corporate ladder, Megan began house hacking and started implementing the Buy, Renovate, Rent and Refinance (BRRR) strategy in 2011. After working for several fast-growing technology companies, Megan started leveraging her sales and marketing skills to grow a local property management company. That lead Megan to get her real estate license in 2016 and start passively in multifamily real estate syndications.
Megan was passionate about becoming 100% debt-free and F.I.R.E. before the age of 35. Together with her husband, they paid off $535,000 in debt including their house in 4 years and 10 months. Now Megan is a licensed realtor in the state of Minnesota and pursues multifamily real estate syndications full-time.
On today’s episode, we discuss a ton with Megan, including:
Miracle Morning by Hal Elrod
The Challenging Sale
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