MB495: The $10M Idea That Made 20 Rentals Look Like a Waste of Time - With Andrew Reichert - Financial Freedom with Real Estate Investing

Artwork for podcast Financial Freedom with Real Estate Investing

MB495: The $10M Idea That Made 20 Rentals Look Like a Waste of Time - With Andrew Reichert

Episode 495 • 27th October 2025 • Financial Freedom with Real Estate Investing • Michael Blank

00:00:00 00:39:22

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Andrew Reichert, CEO of Birgo Capital, went from buying his first duplex with no money down to owning 3,000+ units worth over $300 million. But his journey wasn’t all smooth sailing - Andrew reveals how building a 20-rental portfolio nearly bankrupted him, the “$10M idea” that changed everything, and the lessons he learned scaling his business.

Whether you’re stuck managing a handful of single-family rentals or trying to figure out how to break into larger deals, this conversation will help you shortcut years of trial and error.

Key Takeaways

Why Small Rentals Won’t Set You Free

How Andrew realized that $200/month per property wasn’t going to replace his income.
The math that made him pivot away from single-family rentals.

From Duplexes to a $300M Portfolio

Why raising capital was the turning point in his career.
How starting with a fund instead of a single deal accelerated his growth.

The Hardest Lesson in Scaling a Company

Why “the people who got you here won’t always get you there.”
How to make tough calls without losing sight of your mission.

Finding Purpose Beyond Financial Freedom

How Andrew’s Rhino Operating System helps people align their work with their purpose.
Why clarity—not just cash flow—is the real key to building a fulfilling life.

Overcoming Comfort and Taking Action