The Framework Behind a 75-Unit Portfolio: How Aaron Murphy Replaced His Income in 11 Years

Name Aaron Murphy Location Baltimore, Maryland Occupation Full-time real estate investor Assets 75 rental units, in-house construction, maintenance, and property management Investment strategy House hacking, BRRRR, vertically integrated renovation and property management Financing FHA loan (3.5% down), hard money for purchase and rehab, DSCR refinancing, cash-out refinance Aaron Murphy grew up doing free renovation labor on family flips that never quite worked out, and he walked away from real estate convinced it was a scam. Years later, sitting in a corporate sales meeting, a VP told the room they had to keep working weekends or they wouldn’t get paid, and something in Aaron snapped. He ran the numbers on dividend stocks, the 4% rule, and real estate, and real estate was the only path that looked mathematically achievable on a $30,000 salary. He bought his first house hack in 2016 with $11,900 down. Eleven years later, he and his wife have replaced both of their incomes, built a 75-unit portfolio with an in-house construction crew, and are currently traveling the world together while he runs the business remotely. Here’s how he built it. Your first deal was an FHA house hack where...