073: From 1 to 850+ Rentals in 7 Years; Real Estate Mogul Reveals his Secrets with Aaron Amuchastegui

Aaron Amuchastegui is a real estate investor, fund manager and software CEO who has bought and sold more than 1,000 foreclosed homes and owns 850 single-family rental properties.  Aaron made his way into the real estate market in 2005. As he watched the Great Recession gut the industry from 2008-2009, Aaron discovered an opportunity to purchase and flip foreclosed homes, pioneering a business venture that quickly led to delivering millions of dollars for investors.  Today, Aaron sits down with me to discuss the ins and outs of his decades-long real estate success story, including nitty-gritty details on the art of buying and flipping foreclosures, how new investors can enter the market, and how he bounced back from going to zero — twice.  You’ll also hear how Aaron went toe-to-toe with investment management behemoth Blackstone, how he successfully added a software venture to his revenue mix, and which asset class investors with cash on the sidelines should be eyeing right now. Key Takeaways with Aaron Amuchastegui The story behind Aaron's journey beginning in the 2005 housing boom to the depths of the Great Recession to owning 850+ single-family homes in 2023 — and the lessons investors can learn from it.  The process of buying and flipping foreclosed homes — and how to enter that market today. The applicable lesson that large-scale real estate investors can learn from Blackstone's model. The secret to quick growth in real estate — and how to do it at scale. How Aaron positioned himself as a "picks and shovels" provider to run a software company that brings in 6-figure months. What asset class should investors with extra cash be looking at in the current environment? How can you determine who's worth learning from in real estate development? The bank-imposed parameters that can hamstring entrepreneurs trying to get a portfolio loan for real estate investing. How do the criteria for buying a single property vary when considered in the context of a total portfolio? How should investors set up the financial structure of a new rental fund? Tips for entrepreneurs who fall victim to shiny object syndrome.  How AI is impacting real estate investing. The life event that pushed Aaron from being an employee to an entrepreneur. Subscribe to the Podcast We hope you enjoy this episode and that you find some golden nuggets within this interview. Trust us, it's there! If you want episodes delivered straight to your inbox, consider subscribing to the show and we'll email you each time a new episode is released! Thanks for tuning it & keep being awesome. BAM! 💥