Ep. 232: Creating the FIRE Lifestyle Through Multifamily Investing with Megan Greathouse

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:

• Transitioning from Marine Corps Captain to obtaining an MBA through the GI Bill and working in corporate America while dabbling in real estate investing.

• Creating a lifestyle that included spending more time with her children while investing in real estate 

• FIRE: Financial Independence Retire Early Entrepreneur

• Building and scaling a multifamily portfolio

 

I want to be able to, in one transaction, double or triple my portfolio and continue to build without chasing deals every month.

 

• How to scale your business while creating the best lifestyle for your family. 

• Being willing to partner and delegate is important to move your business forward 

 

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 

 

• The St. Louis real estate market today

• How to find good deals in St. Louis 

 

Really get to know the micro markets [neighborhoods], because that really helps in finding the best deals.

 

• The rising neighborhoods of St. Louis, Missouri  

• Building generational wealth 

• Different passive income streams Megan is looking at for the future

• Creating the Multifamily Mavericks Podcast through networking on BiggerPockets

 

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