MB495: The $10M Idea That Made 20 Rentals Look Like a Waste of Time - With Andrew Reichert

Andrew Reichert, CEO of Birgo Capital, went from buying his first duplex with no money down to owning 3,000+ units worth over $300 million. But his journey wasn’t all smooth sailing - Andrew reveals how building a 20-rental portfolio nearly bankrupted him, the “$10M idea” that changed everything, and the lessons he learned scaling his business. Whether you’re stuck managing a handful of single-family rentals or trying to figure out how to break into larger deals, this conversation will help you shortcut years of trial and error.Key Takeaways Why Small Rentals Won’t Set You FreeHow Andrew realized that $200/month per property wasn’t going to replace his income.The math that made him pivot away from single-family rentals. From Duplexes to a $300M PortfolioWhy raising capital was the turning point in his career.How starting with a fund instead of a single deal accelerated his growth. The Hardest Lesson in Scaling a CompanyWhy “the people who got you here won’t always get you there.”How to make tough calls without losing sight of your mission. Finding Purpose Beyond Financial FreedomHow Andrew’s Rhino Operating System helps people align their work with their purpose.Why clarity—not just cash flow—is the real key to building a fulfilling life. Overcoming Comfort and Taking ActionWhy staying “comfortable” keeps most investors from scaling.Practical tips to create urgency and move from idea to execution. Connect with Andrew LinkedIn Birgo Capital ROS Journey – The Rhino Operating System BookConnect with Michael Facebook Instagram YouTube TikTokResources TheFreedomPodcast.com  Access the #1 FREE Apartment Investing Course (Apartments 101) Schedule a Free Strategy Session with Michael's Team of Advisors Explore Michael’s Mentoring Program Join the Nighthawk Equity Investor Club Review the Podcast on Apple Podcasts Syndicated Deal Analyzer Get the Book, Financial Freedom with Real Estate Investing by Michael Blank  For full episode show notes visit: https://themichaelblank.com/podcasts/session495/