#6 Andrew Luong: Residential real estate investing simplified through Doorvest

Date recorded: March 14, 2023

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In this episode, I interview Andrew Luong, CEO of Doorvest, a company making it extremely simple for people to buy an investment property or even their first home.

Buying a home can be intimidating. The process involves a lot of steps with different players at each of those steps. Doorvest takes care of it all, end-to-end, including managing the property after close, for a fee.

Andrew didn't just stumble on this idea. After a taste of the benefits of owning a rental home, Andrew quickly scaled his personal portfolio to 10+ properties. As he grew his portfolio, friends asked for help to replicate his process. However, when it came down to it, none of them acted on his advice. Kick-starting the process ended up being too big or intimidating a task. After a number of episodes, Andrew saw a gap in the market and jumped on filling it. Doorvest was born in 2019.

During our interview, we dive deep into the benefits of owning rental properties and how Doorvest can help.

What really stood out to me about our conversation, however, was Andrew's insight on earned versus learned wisdom. If you're short on time, fast-forward to the end for that nugget.

Enjoy!

What you can expect in today’s episode
- Andrew’s journey starting Doorvest
- The benefits of owning rental properties (cash flow, appreciation, tax benefits)
- Overview of Doorvest’s platform and process
- How Doorvest de-risks customers
- Andrew's outlook on real estate in our changing economy
- Andrew’s investing tips

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