MB 236: The Financial Freedom to Do What You Love – With Megan Lamke

<p>Time is precious. Are you spending your days doing what you love with the people you love? What if multifamily real estate could help you do just that? What if you could achieve financial freedom fast—regardless of your current financial situation?</p> <p>Megan Lamke is Managing Partner at <a href= "https://meganlamke.com/" target="_blank" rel="noopener">Megan Lamke Real Estate</a>, a firm that helps driven women turn their grit into true financial growth. She built a network of real estate investors working for Wells Fargo Home Mortgage, and once she and her husband, Darik, had paid off their personal debt ($535K in under 5 years!), they started investing passively in multifamily syndications. Megan quit her corporate job to pursue active investing full-time in April of 2019, and today, the Lamkes have a portfolio of 1,491 units valued at $344M. </p> <p>On this episode of Apartment Building Investing, Megan joins me to explain why she took a W-2 job after college (despite wanting to become a real estate entrepreneur) and what she and Darik did to live below their means and pay off their debt so fast. She describes what she did to find a good operator as a passive investor and how she leveraged her sales and marketing background to transition to active investing. Listen in for Megan’s insight on how to raise capital at scale with a platform and learn how YOU can achieve financial freedom and spend time doing what you love!</p> <h3>Key Takeaways</h3> <p>When Megan started thinking about real estate</p> <ul> <li>Parents struggled financially, read <em>Rich Dad Poor Dad</em> at age 10</li> <li>Entrepreneurship and business clubs in high school and college</li> </ul> <p>Why Megan took a W-2 job after college</p> <ul> <li>Needed to pay off student loan debt before leave Rat Race</li> <li>Learned sales skills, got to work with real estate investors</li> </ul> <p>What Megan and her husband did to live below their means</p> <ul> <li>Sold luxury cars, bought cars for cash</li> <li>House hacked 6BR (rented to rugby team