Ethan Fernhaber used a $20K HELOC to buy his first rental. Now Ethan has owned, managed, and built over 4,000 multifamily units. Ethan Fernhaber’s journey is a masterclass in scaling real estate the right way. As the founder of multiple companies in development, management, and modular construction, Ethan has built a mission-driven portfolio that’s transforming communities across Indiana.From meat cutter to banker, to purchasing a double-wide in rural Indiana with a $20K home equity line of credit, to starting a management entity, in-house modular factory, and development company, Ethan is using his sister companies to accomplish a mission that he truly believes in: Restore Hope.In this episode, we cover:- How Ethan scaled from his first rental to 4,000+ units- The challenges and lessons of running development, management, and construction under one mission- The biggest operational truths most investors overlook- What passive investors should really know before backing a multifamily deal- How modular construction will transform the future of housing- How Ethan is giving back to the community and restoring hope with his companiesWhether you’re a developer, operator, or passive investor, Ethan’s story offers tactical lessons and big-picture perspective on building businesses with purpose and scale.🔗 Learn more about Ethan Fernhaber and his companies: - Restore Hope https://www.restorehopeindiana.com/- Volumod  @volumod  https://www.volumod.com/- RM  @RenewingManagement  https://www.whereumatter.com/- Helix Development: https://www.helix33.com/Subscribe for more candid conversations with multifamily developers, operators, and investors shaping the future of real estate.🔗 Learn more about Goodin Development: https://goodindevelopment.com/🔗 Follow Justin on LinkedIn: https://www.linkedin.com/in/justingoodin/🔗 Follow Justin on Facebook: https://www.facebook.com/justin.goodin.16