Tenant First (With Megan Lamke)

<p>Hey! Jason and Pili Yarusi here.</p><br><p>We’ve got an incredible podcast episode for you today that just launched on Multifamily Live.</p><br><p>Megan Lamke started in the real estate industry working for Wells Fargo Home Mortgage in 2008. Despite the huge recession and housing crisis, Megan achieved the coveted President's Club award after 8 months for her sales closed.</p><br><p>While at Wells Fargo, Megan built a network of real estate investors and learned some best practices for real estate investing during a recession. While working full-time, Megan&nbsp;began house hacking&nbsp;her primary residence while also convincing her tenants to help her, implementing the Buy, Renovate, Rent, Refinance, and Repeat (BRRRR) strategy. Megan and her husband Darik were gazelle-intense about getting out of debt so they worked overtime, had 3-4 side hustles, and were able to pay off $535,000 of personal debt, including their mortgage and $188,000 in student loans, in under 5 years.</p><br><p>One of Megan's side hustles was using her sales and marketing skills to rapidly grow a local property management company, which required her to get her real estate license. Megan and Darik realized that by BRRRR, house hacking their home had doubled in value and that becoming debt free they had the opportunity to sell their primary residence and use the profits to passively invest in multifamily syndications to replace Megan's corporate salary. So they sold their home and started passively investing in multifamily syndications all throughout the United States.</p><p> </p><p> Megan was able to resign from all of her side hustles and corporate job to pursue real estate investing full time. Shortly after becoming a passive investor, Megan became a General Partner in her first real estate syndication.</p><br><p>Today, Megan (35) and Darik (37) have a rapidly-growing portfolio of over 2,225 units valued at over $461 million dollars. They both work from home and have the time freedom and financial freedom to spend quality time with thei