#294: How to Leverage Commercial Real Estate Investments to Get You Out of Your Dreaded W2 Job – with Brian Hamrick
October 27, 2020
This week’s episode of the Real Estate Investing for Cashflow Podcast features Brian Hamrick. Brian Hamrick is the owner of Hamrick Investment Group, which controls over $32 Million in assets, including Multifamily and apartments, Self-Storage, Office, and performing and Non-Performing Notes. Brian currently asset manages 370 apartment units in Grand Rapids Michigan and successfully transitioned from his W-2 job to full-time real estate investing in 2014. In addition to his real estate endeavors, Brian also hosts a popular real estate investing podcast which can be found on iTunes and all other listening platforms.
Quotes:
“So, I had all this money that was sitting in a bank account and I realized; I don’t know what to do with this. I didn’t even know what a Mutual Fund was at the time and I was 30 years old. So, I just starting learning and investigating.”
“So, automating it really just made things so much easier, streamlined everything, and now we don’t need to have anyone on-site except maybe a couple of times a week to make sure it’s clean and sweep out empty units.”
Highlights:
:40- Brain’s background
9:28- Brian tells us what his favorite market is
15:27- Brian talks about if his new model is scalable and replicable
22:11- Brain gives his opinion on foreclosures and non-performing notes skyrocketing as a result of the pandemic
26:15- Brian tells us what asset classes he thinks will thrive in the pandemic
30:53- Brian tells us about a bad deal he had and how he got through it
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