Oct 6, 2020
The dream of many young entrepreneurs is to create Financial Independence and Retire Early, better known as FIRE. In fact, there is a movement and community dedicated to strategies and tactics to create enough passive income to step away from a corporate job. This FIRE movement has gained a lot of steam in recent years and has a huge following on podcasts, Facebook groups, Twitter, and blogs. One of the more popular FIRE strategies is investing in real estate, especially multifamily investing.
After serving her country as a Marine Corps Captain, Megan Greathouse transitioned into corporate America. As she settled down and began having children the importance of financial independence and time flexibility became clear. She made it a priority to begin building a real estate portfolio of small multifamily properties and is now scaling into mid-size apartments.
Megan is based in St. Louis and shares insights on the midwest market. In addition, she is the co-host of the Multifamily Mavericks podcast available on Apple Podcasts and Spotify. In this episode, she shares her vision for attaining financial independence, why her plan is to keep working, scaling a business while creating the best life for her family, and the neighborhoods in St. Louis seeing major investments and improvements.
Partner: 1 Question Marketing Survey for New Event
Key Insights for a FIRE Lifestyle through Multifamily Investing:
I want to be able to, in one transaction, double or triple my portfolio and continue to build without chasing deals every month.
I have a clear picture of the type of people that I need to be able to fill in my gaps, which is why I’m open to partnerships
Really get to know the micro markets [neighborhoods], because that really helps in finding the best deals.
Bullseye Tips:
Apparent Failure:
Due to two injuries, she had to attend officer candidate camp three summers in a row while in the Marines. The fact that she kept going and made it, showed her that she could do anything as long as she kept going for it.
Digital Resource:
Tenant Cloud (Rental accounting and management)
Online Banking
Most Recommended Book:
The Alchemist (Paulo Coelho)
Daily Habit:
Working out is a sanity check
Wish I Knew When I Was Starting Out:
I wish I understood more fully how the power of real estate can help build wealth
Curious About
Opening, owning, and operating a business and fit it into our lifestyle
Best Place to Grab a Bite in St. Louis, MO
Ranoush
Contact Megan:
Social Handle: @parttimeempire
Multifamily Mavericks Instagram: @MultifamilyMavericks