Are you settling for good enough? It’s easy to get comfortable with the way life is going and let complacency set in. But if you really want to achieve greatness, you’ve got to get comfortable being uncomfortable. Whether it’s your personal development OR your multifamily portfolio, meaningful growth happens OUTSIDE your comfort zone.
Andrew Kuhn is the founder and CEO of Kuhn Real Estate, a multifamily investment firm and property management company based in the Greater Detroit Area. He spent the last 14 years in a highly compensated medical device sales role before quitting his job just one month ago to pursue investing full-time! Andrew has been involved in real estate since 2006, building a robust single-family portfolio of 76 rentals. He transitioned to multifamily two years ago and has already closed six deals totaling 281 units. Andrew also serves as a mentor with us through the Michael Blank Investor Incubator.
Today, Andrew joins me to discuss his decision to quit a lucrative W-2 job and explain how he’s becoming a servant leader now that he’s achieved financial freedom. He describes what lights him up about mentoring new investors and shares some of his most influential teachers in the personal development and real estate space. Listen in for Andrew’s methodology around learning something new and find out what’s inspiring him to scale his multifamily portfolio to 20K units!
Key Takeaways
Andrew’s path to full-time investing
- 13 years in SFH to grow portfolio of 76
- Shift to multifamily 2 years ago (6 deals, 281 units)
Why Andrew struggled with the decision to quit his W-2 job
- Highly compensated work in medical device sales
- Need to define specific exit strategy
Andrew’s last day at his 9-to-5 job
- Conducted training course
- Many colleagues jealous, curious about investing
How Andrew’s life has changed since he quit his W-2
- Working harder than ever to achieve 20K+ units
- Involved in local organizations (servant leader)
What lights Andrew up about teaching others
- Realize impact of prominent teachers in own life
- Reinforce own learning + give back
Some of Andrew’s most influential mentors
How Rich Dad Poor Dad influenced Andrew
- Light bulb moment re: passive income
- Inspired move to Detroit for investing opportunities
Andrew’s methodology for mastering something new
- Get educated and start networking
- Get clear on goals, then follow up with ACTION
Andrew’s key takeaways from Deal Maker Live
- Master online marketing to compete in space
- Bookending day with productive habits (Hal Elrod)
What Andrew would do differently if he could go back
- Transition to multifamily much sooner
- Growth happens outside comfort zone
How Andrew is working to grow right now
- Syndicating larger multifamily deals
- Building out property management company
Andrew’s top AHA moments
- Remove active and build passive income
- Leave legacy of compassion, service and integrity
Connect with Andrew
Email [email protected]
Resources
Seven Years to Seven Figures: The Fast-Track Plan to Becoming a Millionaire by Michael Masterson
Rich Dad’s CASHFLOW Quadrant: Guide to Financial Freedom by Robert T. Kiyosaki
Building Wealth One House at a Time: Making it Big on Little Deals by John W. Schaub
The Second Mountain: The Quest for a Moral Life by David Brooks
The Richest Man in Babylon by George S. Clason
Podcast Show Notes
