In this episode of "The Hive with Us" podcast, host Daniel Martinez interviews special guest Ian Harowitz, a former firefighter turned storage investor. Originating from just outside of Philadelphia with an office in Baltimore, Maryland, Ian and Daniel discuss the challenges and benefits of living and working on the East Coast, including dealing with snow and time zone differences in business. Ian shares his journey from firefighting in Baltimore, through the financial hardships faced by firefighters during the 2007-2008 financial crisis, to eventually venturing into real estate investing with his business partner, forming Equity Warehouse. They built a portfolio initially focused on Section 8 housing, transitioning over time to larger multifamily and storage investments. Ian emphasizes the importance of perseverance, the value of experience gained from firefighting in real estate investing, and the significance of ethical investment practices, particularly in providing quality housing.
0:23: Challenges of East Coast Weather
Discussion on the downside of living on the East Coast, particularly dealing with snow. Despite the challenges, there's a lighthearted exchange about the weather differences between the East Coast and places like California.
1:25: Transition from Firefighting to Real Estate Investing
Ian shares his journey from being a firefighter to transitioning into real estate investing. He and his business partner, both former firefighters in Baltimore, faced financial challenges during the 2007-2008 financial crisis, leading them to explore real estate as a more sustainable financial path.
2:41: Growth and Strategy in Real Estate
Ian outlines the growth of their real estate business, Equity Warehouse, from buying their first house to building a significant portfolio of Section 8 housing and eventually moving into multifamily and storage investments. He emphasizes the importance of perseverance, the transferable skills from firefighting to real estate, and the commitment to providing quality living conditions.
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