E166: Achieving Financial Freedom with Arianne Lemire

<p>Arianne Lemire is a wealth creator and real estate investor who now owns over 1,800 multifamily units and flipped over 500 houses in the last several years in the Florida Panhandle. Ariana has already achieved financial freedom, which means that she’s investing her vehicles and projects, especially within real estate, and then letting the profits, the revenue, or dividends pay for their living expenses.</p> <p>Through their website, <a href="https://www.wealthgym.com/"><u>wealthgym.com</u></a>, they teach people how to retire in seven years. You're not actually going to retire. But you will have this passive income that pays for your needs and wants – and more!</p> <p><strong>Here are some power takeaways from today’s conversation:</strong></p> <ul> <li>Arianne’s background and how she got into real estate investing</li> <li>Getting past the fear of risk and ways to mitigate the risk</li> <li>Hiring a property management company</li> <li>What house hacking is and ways to do it</li> <li>Navigating through the waters in a male-dominated industry</li> <li>What financial freedom means</li> </ul> <p><strong>Episode Highlights:</strong></p> <p><strong>Ways to Mitigate the Risks of Real Estate Investing</strong></p> <p>People always needed a place to live and people would always pay X amount within reason. By padding your numbers, you don't have to be charging the most amount of rent at all times. Then the risk is fairly low, especially if you keep reserves for all of your properties and make sure you have insurance in all of your properties.</p> <p>And you don't have to worry about changing the locks for the doors or fixing the toilet because you will be hiring a property management company who will do that for you. There's a lot of ways to mitigate risks, that's why knowing your numbers is really important.</p> <p><strong>The Concept of House Hacking</strong></p> <p>House hacking is making money off of the house you live in. There are different ways to do that:</p> <p>1. Buy a 2-4-unit house with your 0 t