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14 episodes with andrew cushman
5 episodes with andrew cushman
5 episodes with andrew cushman
3 episodes with andrew cushman
3 episodes with andrew cushman
2 episodes with andrew cushman
2 episodes with andrew cushman
2 episodes with andrew cushman
2 episodes with andrew cushman
Andrew Cushman is based in Southern California, but invests mostly in the South Eastern states. On today's show we are talking about the distress in the market and what is driving the distress. Portfolios in secondary markets in states like Georgia and the Carolinas are seeing high occupancy and rent growth.To connect with Andrew visit https://www.vpacq.com/--------------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1) iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613) Website: [www.victorjm.com](http://www.victorjm.com) LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce) YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734) Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso) Email: [podcast@victorjm.com](mailto:podcast@victorjm.com) **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com) Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital) Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)
Andrew Cushman shares his journey from engineering graduate to real estate powerhouse, highlighting the critical lessons learned from acquiring over 3,000 units across the Southeast. He dives into what's really happening on the ground right now, including the surprising resilience of operations in Sun Belt markets, the true impact of rising interest rates, and the risks lurking in distressed lower-end properties. You'll discover why many deals are stalling due to lenders extending and pretending, and how private debt is both a risk and an opportunity. Andrew Cushman Founder & Principal of Vantage Point Acquisitions Based in: Los Angeles Metropolitan Area Where to find them: https://www.linkedin.com/in/andrewcushmanvpa https://www.vpacq.com/ Book your free demo today at bill.com/bestever and get a $100 Amazon gift card. Visit https://malabarhillcapital.com/ for more info. Podcast production done by Outlier Audio Learn more about your ad choices. Visit megaphone.fm/adchoices
This Flashback Friday is from episode 1605 published last November 30, 2020. Jason Hartman shares evidence of bullish signs for the real estate market. Also, let's take a look at the S&P500 movement for the last 12 months; it's good to know where your investment sits in comparison to the market. Andrew Cushman joins Jason to talk about rental scarcity. Andrew shares graphs and figures to paint a picture of real estate movement and migration in the US. Websites: jasonhartman.com/protect JasonHartman.com JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) 1-800-HARTMAN _______________________________________________________________ Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
Get my new book: https://bronsonequity.com/fireyourselfDownload my new special report - How to Use Inflation to Your Advantage - www.bronsonequity.com/inflationJoin us for another inspiring conversation with Andrew Cushman, who turned relentless persistence into multifamily success. Andrew shares how he made 4,576 calls on a flip phone before closing his first deal, the mindset that powered his transition from engineering to full-time real estate, and key lessons from surviving the recent multifamily correction. The episode explores supply & demand fundamentals, why the Midwest offers steadier cash flow, conservative underwriting in higher-rate environments, and practical advice for passive investors on reframing setbacks and capitalizing on current opportunities.Andrew Cushman is a seasoned multifamily investor and operator who has acquired and managed thousands of apartment units. With an engineering background, he transitioned into real estate by flipping homes before scaling into multifamily. Known for his disciplined, long-term approach and zero-loss track record in a volatile market, Andrew emphasizes operational excellence, market selection, and building sustainable wealth through real estate.TIMESTAMPS0:47 - Welcome to the Mailbox Money Show1:32 - Andrew Cushman Introduction & Lifestyle by Design2:42 - 4,576 Calls to First Flip Deal3:58 - Brutal Daily Schedule & Phone Persistence4:46 - Mindset: Believing in the System & R&D (Rip Off & Duplicate)7:10 - Quitting Engineering Job After First Flip Success9:06 - Motivation to Leave W2 & Risk of Regret11:22 - Current Hunger vs Early Grinding Phase13:17 - Multifamily Journey & Market Shift from Boom to Correction13:53 - Probabilistic Underwriting & Fixing Debt in 202116:34 - Managing Downside Risk & Avoiding Deal Blowups19:09 - Projection Realism vs Actual Performance20:06 - Selling C-Class Assets & Portfolio Strategy at Market Peak22:38 - Patience in Deal Sourcing & No-Deal-Better-Than-Bad-Deal Mindset24:05 - Inch Wide Mile Deep Focus Strategy25:30 - Other Asset Classes & Operator Dependence26:48 - Current Buying Environment & Distress Opportunities29:32 - How to Connect with AndrewConnecting with the Guest:LinkedIn: linkedin.com/in/andrewcushmanvpaWebsite: vpacq.com#MultifamilyInvesting#RealEstateMindset#PersistenceInBusiness#MarketCycles#PassiveIncome#ValueAddRealEstate#InvestorEducation
Matt Faircloth interviews Andrew Cushman, founder and principal of Vantage Point Acquisitions, in a fireside-chat style episode that ranges from partnerships to banks to skiing 20,000-foot peaks. They break down why Andrew has avoided the typical “GP partner” model, how he instead built a tightly aligned internal team, and why operational control matters more than flashy capital-raising. The conversation digs into the dangers of ego-driven 10x scaling, the realities behind today's “extend and pretend” lending environment, and where distress is actually showing up in multifamily. Andrew also shares why, if multifamily disappeared tomorrow, he'd be quietly rolling up laundromats—and what his extreme backcountry ski trips teach him about risk, preparation, and long-term thinking in real estate. Andrew CushmanCurrent role: Founder & Principal, Vantage Point Acquisitions Based in: Southern California Say hi to them at: https://www.vpacq.com/ | www.linkedin.com/in/andrewcushmanvpa Get 50% Off Monarch Money, the all-in-one financial tool at www.monarchmoney.com with code BESTEVER Start earning passive income today at gsprei.com/bestever Alternative Fund IV is closing soon and SMK is giving Best Ever listeners exclusive access to their Founders' Shares, typically offered only to early investors. Visit smkcap.com/bec to learn more and download the full fund summary. Join us at Best Ever Conference 2026! Find more info at: https://www.besteverconference.com/ Join the Best Ever Community The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It's free to join, but you must apply and meet the criteria. Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at www.bestevercommunity.com Podcast production done by Outlier Audio Learn more about your ad choices. Visit megaphone.fm/adchoices
When the market gets choppy, clear and consistent communication is what separates successful syndicators from the rest. In this episode of The Property Profits Podcast, host Dave Dubeau sits down with multifamily syndicator Andrew Cushman of Vantage Point Acquisitions to unpack how transparency builds investor trust—even when the news isn't great. Andrew shares how his team has grown to manage over 1,600 units across the Southeast U.S., specializing in workforce housing for middle-class families. He explains their approach to light-to-moderate value-add projects, the kind of residents they focus on, and why even simple upgrades like new fixtures and flooring can transform returns. Most importantly, Andrew reveals his investor communication strategy—one that blends financial data with context, consistent quarterly reporting, and proactive updates about potential challenges before they arise. It's this approach that keeps investors confident through market cycles. You'll also hear Andrew's take on the current multifamily landscape, where he sees opportunities over the next 12–18 months, and how operators can position themselves for the next upcycle. - Get Interviewed on the Show! - ================================== Are you a real estate investor with some 'tales from the trenches' you'd like to share with our audience? Want to get great exposure and be seen as a bonafide real estate pro by your friends? Would you like to inspire other people to take action with real estate investing? Then we'd love to interview you! Find out more and pick the date here: http://daveinterviewsyou.com/
On this episode of Unlimited Capital, Richard McGirr interviews Andrew Cushman, founder of Vantage Point Acquisitions (VPA Capital). Andrew shares his journey from chemical engineer to real estate investor, describing how he transitioned from flipping homes to raising over $121 million in private equity for multifamily syndications. He emphasizes that his capital-raising success isn't rooted in marketing gimmicks but in consistent, honest communication and investor experience. The episode dives deep into building investor trust, creating lifetime value through transparency, and the power of referral-based growth. Andrew Cushman Current Role: Founder, Vantage Point Acquisitions (VPA Capital) Based in: Southern California (Invests in the Southeast) Say hi to them at: Website: vpacq.com LinkedIn: Andrew Cushman Learn more about your ad choices. Visit megaphone.fm/adchoices
Whitney Elkins-Hutten of PassiveInvesting.com interviews apartment investing expert Andrew Cushman about his recent acquisition of the 128-unit Townhomes at Pine Hill in Griffin, Georgia. He shares how his stabilized value-add strategy helped a lot in closing the deal and navigating unexpected challenges they faced during the turnover. Andrew also reveals why they moved away from preferred returns and provides insights into how they structure their fees.
In today's episode of Zen and the Art of Real Estate Investing, Jonathan interviews Andrew Cushman, founder of Vantage Point Acquisitions, to explore the evolution of his investing career and how he helps others build wealth through multifamily real estate. After leaving a stable career in chemical engineering in 2007, Andrew made a bold leap into house flipping and eventually multifamily investing, where he has now syndicated or repositioned over 3,000 units. Andrew explains why flipping quickly became unsustainable for him and his wife, and how they transitioned into multifamily with the help of a mentor. His first apartment deal was a 92-unit building, and although it was far from easy, that launch laid the groundwork for the portfolio and investor network he manages today. With an approach rooted in long-term thinking, strategic geographic focus, and patient underwriting, Andrew shares how his firm continues to navigate uncertain markets without sacrificing performance or investor trust. Jonathan and Andrew cover factors in evaluating multifamily deals, like tenant demographics, hold timelines, and operator experience, and why many of the syndication struggles happening now can be traced to poor management and unrealistic expectations. They discuss the importance of investor education, the illusion of passive income, and the mindset shifts that make syndications work. This conversation underscores the importance of a disciplined approach to underwriting, market selection, and investor relations in driving sustainable growth, even during unpredictable economic cycles. For anyone considering multifamily investing, whether actively or passively, Andrew offers a realistic and clear-headed perspective on what it takes to succeed. In this episode, you will hear: Andrew's path from chemical engineer to multifamily operator Lessons from scaling a portfolio beyond 3,000 units The value of mentorship in launching a real estate career What separates reliable operators from risky ones Ways investor communication supports long-term trust Red flags that emerged in syndications post-2020 How regional focus contributes to stronger performance Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. Supporting Resources: Vantage Point Acquisitions website - www.vpacq.com Vantage Point Acquisitions podcast - www.youtube.com/playlist?list=PL_QgwfTrg4xnXjYv_sp4k7OP6eHuraqp3 Connect with Andrew Cushman on LinkedIn - www.linkedin.com/in/andrewcushmanvpa Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - www.zillow.com/profile/StreamlinedReal Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.
In order for a larger multifamily dwelling to perform at its peak, it needs the right leasing personnel and the right maintenance team. The leasing agent creates the first impression of the property and influences the prospective tenant decision to rent at the property. This can make or break the deal out of the gate. On the maintenance side, an ornery repairman can alienate existing tenants and cause them to leave. Andrew Cushman, Founder and Principal of Vantage Point Acquisitions, operates a portfolio of multifamily assets in the Southeast. Andrew has prioritized working hard to optimize daily operations in order to achieve maximum performance of his existing assets.
After a wave of failed real estate syndications and several years of declining commercial real estate prices, passive investors are understandably hesitant to deploy their capital. But despite mixed LP sentiment and economic uncertainty, today's guest believes there's reason for optimism and that multifamily real estate is poised to rebound. Our conversation provides a data-driven perspective from one of the industry's most informed voices, Andrew Cushman—a seasoned multifamily investor and operator with a portfolio approaching 3,000 units. We explore the macroeconomic forces reshaping the market, from stabilizing interest rates to supply slowdowns and a structural housing shortage that may fuel rental demand and rent growth for years to come. Andrew also shares how he and his team are adapting their strategy for today's unique challenges—tariffs, fluctuating supply, and recession fears. We even unpack the operator dynamics behind syndication failures and identify clear red flags to avoid when choosing where to invest your capital. Whether you're a new investor or an experienced limited partner, join us as we discuss the state of multifamily in 2025 and the opportunities that may define the next cycle. Disclaimer The content of this podcast is for informational purposes only. All host and participant opinions are their own. Investment in any asset, real estate included, involves risk, so use your best judgment and consult with qualified advisors before investing. You should only risk capital you can afford to lose. Remember that past performance is not indicative of future results. This podcast may contain paid advertisements or other promotional materials for real estate investment advisers, investment funds, and investment opportunities, which should not be interpreted as a recommendation, endorsement, or testimonial by PassivePockets, LLC or any of its affiliates. Viewers must conduct their own due diligence and consider their own financial situations before engaging with any of the advertised offerings, products, or services. PassivePockets, LLC disclaims all liability for direct, indirect, consequential, or other damages arising out of reliance on information and advertisements presented in this podcast. In This Episode We Cover The impact of tariffs and low housing supply on multifamily real estate How passive investors can protect their capital from bad syndication deals Why rental demand and rent growth are set to rise in the years ahead Best practices when analyzing a syndication deal (and common mistakes to avoid) How Andrew is adapting his investing strategy for today's challenges Why LPs can't afford to approach commercial real estate like the stock market And So Much More! Link from the Show Andrew's LinkedIn
On this episode of the Best Ever CRE Show, Pascal Wagner interviews Andrew Cushman, founder of Vantage Point Acquisitions. Andrew shares his journey from chemical engineer to successful multifamily investor, highlighting how he transitioned from flipping homes to acquiring nearly 3,000 multifamily units across the Southeast. He breaks down his firm's buy box strategy, emphasizing the importance of management value-add, demographic targeting, and property size for operational efficiency. The conversation also explores how LPs can vet operators more effectively, the significance of operator SOPs, and a deep dive into the current trend of preferred equity raises and their implications for passive investors. Andrew Cushman Founder/Principal Based in: Southern California Say hi to them at www.vpacq.com www.linkedin.com/in/andrewcushmanvpa Capital Gains Tax Solutions vikingcapllc.com Learn more about your ad choices. Visit megaphone.fm/adchoices
The Big Picture Blueprint: Navigating Land, Real Estate, and Business Success
In this episode, we sit down with Andrew Cushman, a former chemical engineer turned real estate investor, to talk about long-term success, market timing, and building a strong foundation for growth. He shares how he transitioned from flipping houses to managing multi-family properties and why experience, structure, and the right team matter now more than ever.Andrew breaks down today's real estate market and how investor behavior is changing. He explains why raising capital is harder, what distressed assets mean for seasoned operators, and how to stay ahead by focusing on long-term value instead of short-term gains. We also dive into how he hires the right people, treats tenants with care, and builds a business that lasts decades, not just years.We wrap with Andrew's personal investment approach, how he finds balance between syndications and long-term holdings, and the value of mastermind groups in staying sharp. Whether you're new to real estate or already in the game, this episode offers insight on how to stay focused, be patient, and grow with purpose!===Key Topics:-How Andrew Cushman got started in real estate and built his business-Why the market today needs more patience and smart planning-What to know about buying distressed properties and long-term value-How to build the right team and treat tenants the right way-Why networking and having a clear plan help you stay ahead===
As we kick off the new year, we're celebrating the Best of 2024, featuring the most impactful episodes of the year! In our third spotlight, we bring back an audience favorite: Andrew Cushman's inspiring journey from chemical engineering to real estate success.In this episode, Andrew shares:Creative financing strategies that drive profitable deals.His transition to multifamily investments and market expertise.Key insights into cap rates, market trends, and interest rate impacts on investments.Andrew's optimistic outlook and actionable advice make this episode a must-listen for anyone looking to gain an edge in the real estate world.Ultimate Shownote:00:03:35 - Andrew Cushman's Entrepreneurial Journey00:07:10 - Transition to Multifamily Investments00:09:11 - First Syndication Deal Experience00:11:34 - Discussion on Creative Financing00:17:22 - Nuances of Creative Financing Structures00:18:24 - Transition to Multifamily Market Analysis00:22:51 - Overview of Current Multifamily Market Trends00:26:18 - Impact of Capital Demand on Market Dynamics00:30:07 - Discussion on Cap Rates and Market Conditions00:36:17 - Brokers' Role in Market Pricing Dynamics00:40:37 - Insights on Florida Real Estate Investments00:46:57 - Speculation on Federal Reserve Rate CutsTurn your unique talent into capital and achieve the life you were destined to live. Join our community!We believe that Capital is more than just Cash. In fact, Human Capital always comes first before the accumulation of Financial Capital. We explore the best, most efficient, high-integrity ways of raising capital (Human & Financial). We want our listeners to use their personal human capital to empower the growth of their financial capital. Together we are stronger. LinkedinFacebookInstagramApple PodcastSpotify
Are you just starting out in real estate investment and finding yourself drawn to cheap properties, thinking they're the best option for quick profits? You're not alone! In today's episode, we delve into the real-life challenges and costly mistakes that come with investing in cheap properties. Join Brian Davis and Andrew Cushman, founder of Vantage Point Acquisitions, as he shares invaluable insights from his personal experiences and why cheap properties are often the most expensive. This episode is packed with real-world advice, practical solutions, and guidance on how to avoid these pitfalls, making it a must-watch for any investor looking to optimize their portfolio. With a more selective investment strategy focusing on class B properties, Andrew shows how you can reduce risk, attract better property managers, and still achieve solid returns. His tips will guide you in making smarter decisions that minimize risk and maximize long-term success in real estate. 10 Things You'll Learn in This Episode: 1. The Hidden Costs of Cheap Properties -why inexpensive real estate investments often come with unforeseen expenses that can erode your profits. 2. Lessons from a Real Estate Nightmare -how Andrew Cushman's experience with a 348-unit property taught him the true cost of ""affordable"" investments. 3. The Impact of Crime and Location -learn why the quality of a neighborhood directly influences the success of a property. 4. The Role of Tenant Turnover in Profitability -discover how high eviction rates and tenant churn affect your bottom line. 5. The Importance of Screening Investments -understand the criteria Andrew uses to evaluate properties and avoid costly mistakes. 6. Class C vs. Class B Properties -find out why class B properties in better neighborhoods often yield more consistent and profitable returns. 7. The Challenge of Property Management in Rough Areas -insights into why good property managers avoid working in bad neighborhoods—and what that means for investors. 8. Minimizing Downside Risk -how focusing on risk mitigation can lead to better investment decisions and long-term success. 9. Breaking the Spreadsheet Illusion -why properties that look great on paper often fall short in real-life scenarios. 10. Strategies for Smarter Real Estate Investing -practical advice for avoiding the beginner traps and building a more resilient and lucrative portfolio. Key Takeaways:
In this episode, you'll gain a comprehensive understanding of the current real estate market dynamics, the impact of interest rates on property values, and the future outlook for multifamily investments. Andrew Cushman the founder of Vantage Point Acquisitions, who brings over a decade of experience managing over 2,800 workforce housing units across the Southeastern U.S. Andrew's expertise provides invaluable insights into navigating the complex world of real estate investing today and what the next decade may hold for the market and breaks down the challenges faced by investors in the post-pandemic era, including the structural housing shortage and its implications for rent growth. If you've been pondering how to navigate this dynamic environment, this conversation is your roadmap. We explore the macroeconomic forces shaping real estate, the supply-demand imbalances, and actionable strategies to position yourself for success. Whether you're a seasoned investor or just starting out, this episode is packed with actionable insights and future-focused predictions! What You'll Learn in This Episode
ABOUT ANDREW CUSHMANAndrew Cushman is a former chemical engineer who found his entrepreneurial calling in real estate. In 2007 Andrew left his corporate position to start a business in real estate investing, starting off flipping single-family properties in Southern California. Sensing a shift in the market, in 2011 Andrew transitioned to multifamily acquisitions and has successfully syndicated and repositioned over 2600 multifamily units. Outside of the business world, Andrew has been a certified alpine ski instructor and when not working in real estate enjoys surfing, backcountry skiing, and trying not to be outwitted by his two young children. THIS TOPIC IN A NUTSHELL: Andrew's career and what made him switch to real estate From chemical engineer to SyndicatorPartnership with Vantage Point acquisitionsHis big mistake early onTypical hold time for assetsWhich location do they focus on buying assets? Their target buy boxFinding deals and underwritingBuilding relationships with brokersHow do they approach capital raising?About the 80-unit Deal in Carrolton GeorgiaHow did they find it and why did they pursue it?Value Add plan and stabilization of the propertyBuying right even with a down marketConnect with Andrew KEY QUOTE: “The best time to buy is when the pessimism is at the highest, you will get the best pricing with the least competition. “ SUMMARY OF BUSINESS:Vantage Point Acquisitions (VPACQ) is a real estate private equity firm focused on acquiring, repositioning, and operating B- to A-class multifamily communities throughout the Southeast. As operators, we take pride in our hands-on asset management approach and transparent investor communications throughout the life cycle of the investment. ABOUT THE WESTSIDE INVESTORS NETWORK The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication. The Westside Investors Network strives to bring knowledge and education to real estate professionals that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com. #RealEstateInvesting #RealEstate #Syndication #AparmentInvesting #Multifamily #AssetManagement #MultifamilyInvestment #PropertyManagement #GeneralPartner #LongTermInvesting #BuyRight #DownMarket #MarketShift #DownTurn #Acquisitions #AssetStabilization #Renovation #OperationValueAdd #ManagementValueAdd #CapitalImprovement #LandLordFriendlyStates #TenantFriendlyStates #Underwriting #InvestorBased #LongTermAssets #RaisingCapital #RealEstateInvestment #RentalProperty #PassiveWealth #WealthBuilder #InvestmentInsights #JoinTheWINpod #WestsideInvestorsNetwork CONNECT WITH ANDREW:Website: https://www.vpacq.comLinkedIn: www.linkedin.com/in/andrewcushmanvpa CONNECT WITH US For more information about investing with AJ and Chris: · Uptown Syndication | https://www.uptownsyndication.com/ · LinkedIn | https://www.linkedin.com/company/71673294/admin/ For information on Portland Property Management: · Uptown Properties | http://www.uptownpm.com · Youtube | @UptownProperties Westside Investors Network · Website | https://www.westsideinvestorsnetwork.com/ · Twitter | https://twitter.com/WIN_pdx · Instagram | @westsideinvestorsnetwork · LinkedIn | https://www.linkedin.com/groups/13949165/ · Facebook | @WestsideInvestorsNetwork · Tiktok| @WestsideInvestorsNetwork · Youtube | @WestsideInvestorsNetwork
What does it take to leave a stable career and pursue financial freedom? In this conversation, Andrew Cushman, founder of Vantage Point Acquisitions, shares how he transitioned from chemical engineering to managing over 2,600 multifamily units. Listeners will discover how he navigated the 2008 financial crisis, avoided real estate pitfalls, and built lasting wealth through multifamily investments. Curious about how to grow in real estate and take strategic risks? Tune in to hear Andrew's insights on creative financing, the power of mentorship, and making big career moves. Don't miss learning what it takes to shape your financial future! 00:00 - Welcoming Andrew and his Background 05:12 -Transitioning from Chemical Engineering to Real Estate 12:16 - House Flipping to Multifamily Investing 17:36 - Importance of Mentorship and First Multifamily Deal 22:56 - Challenges in Rough Neighborhoods 28:00 - Real Estate Syndication and Investing with a Team Connect with Andrew! Website: http://www.vpacq.com/ LinkedIn: https://www.linkedin.com/in/andrewcushmanvpa/ Be the Boss of Your Own Money and Own Your Future. Connect with us and Discover Investment Strategies Designed to make a Difference. Website: https://moneywithmission.com Linkedin: https://www.linkedin.com/in/moneywithmission Key Quotes: "There's no such thing as a bad market, just a bad strategy." – Andrew Cushman "The best time to buy is when pessimism is at its peak." – Andrew Cushman
What strategies can multifamily investors use to navigate market fluctuations and ensure long-term success? This week, Andrew Cushman discusses the intricacies of asset management and investment strategies. He shares his journey from a chemical engineer to a successful real estate investor, emphasizing the importance of managing assets effectively to maximize returns. They dive into the current state of the multifamily market, exploring how different asset classes and regions are performing. Andrew also provides insights into his conservative underwriting approach and the significance of fixed-rate debt in uncertain economic times.[00:01 - 07:25] The Journey BeginsTransition from chemical engineering to real estateImportance of a supportive business partnerEarly challenges and lessons in house flipping[07:26 - 14:49] Multifamily Market InsightsThe bifurcated state of the multifamily marketImpact of market cycles on rental incomeRegional differences in market performance[14:50 - 21:39] Conservative Underwriting ExplainedDefinition and importance of conservative underwritingExamples of conservative assumptions in real estate dealsHow to mitigate risks through conservative strategies[21:40 - 28.43] Asset Management MasteryCritical role of asset management in real estate successStrategies for effective property managementThe importance of hands-on involvement in managing properties[28:44 - 34:42] Future of Real Estate and Interest RatesPredictions on interest rate trendsThe significance of fixed-rate loans in uncertain timesPreparing for future market opportunitiesConnect with Andrew:Website: https://www.vpacq.com/LinkedIn: www.linkedin.com/in/andrewcushmanvpaLEAVE A 5-STAR REVIEW by clicking this link.WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Tweetable Quotes:"My philosophy is live where you love to live and invest where the returns are the best." - Andrew Cushman"When you're investing, don't make your investment completely contingent on the market or any other outcome going one way." - Andrew Cushman"The most important thing in making money in multifamily is asset management." - Andrew CushmanSupport the Show.
Even though B Class apartment prices have come down 20%-30%, sales volume for these properties is still at a ten-year low. Prices are still not low enough in most cases, however, to make sense in today's interest rate environment. In Class C apartments, this is even more the case. Prices still have a ways to go further contract before they make sense. Andrew Cushman, Founder and Principal of Vantage Point Acquisitions, owns B to A- class garden style properties in secondary and tertiary markets in Georgia and Florida panhandle. Despite headwinds that have plagued many other operators, Andrew's portfolio continues to excel and perform according to proforma.
In this episode, Andrew Cushman discusses best practices for evaluating multifamily deals and operators as a passive investor. He outlines several red flags to watch out for, such as sponsors only providing one return metric or making assumptions above market trends. Plus the importance of assessing the sponsor's track record, focus, and reputation in the market. Cushman also discusses the current multifamily market environment conditions for acquisitions. In the coming years as new development remains constrained, he advises investors to have a probabilistic mindset rather than making predictions. Cushman then gives us direct access to details on how he structures debt and acquires properties responsibly. You'll discover the best practices for deal evaluation, get Cushman's outlook on the current cycle, and learn how to structure investments for different economic scenarios. His expertise will help passive investors make well-informed investment decisions.Here are 3 key takeaways from this episode:Key red flags to watch out for in sponsors and deals: unrealistic assumptions, lack of transparency, and only providing one return metric.The importance of evaluating a sponsor's track record, focus, and reputation in the local market.How to structure multifamily debt and investments to provide flexibility for different economic scenarios, such as rising or steady interest rates.Andrew Cushman is sharing his top strategies for evaluating multifamily deals, sponsors, and market conditions. Tune in to discover how to structure your investments for different economic scenarios and navigating the real estate cycle as a passive investor.Timestamps:00:40 - Introduction to Andrew Cushman's background and experience02:07 - Current state of the multifamily market and acquisition challenges 02:48 - Importance of doing good deals and maintaining a positive culture05:43 - Keeping an acquisition team motivated during difficult markets12:19 - Outlook on the current real estate cycle and when to invest16:16 - Non-negotiables Andrew looks for in multifamily deals23:54 - Transitioning asset focus and risk mitigation strategies25:20 - Challenges of different property classes and locations30:06 - Evaluating return metrics and red flags in sponsor projections 35:43 - Importance of a sponsor's track record and local market expertiseVISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow
Wealth transfer in 2024 is poised to significantly influence the real estate landscape, triggering some of the most substantial investment shifts in recent history. In this episode, Tejas Gosai sits down with multifamily investment expert Andrew Cushman to dissect what could be the largest transfer of wealth the industry has seen.Throughout the conversation, they delve deep into the current dynamics of the multifamily real estate market, highlighting its resilience and ongoing investor interest despite economic uncertainties. Andrew provides a detailed analysis of the factors driving market opportunities and challenges, particularly emphasizing the significant wave of debt maturing in 2024. This looming deadline could pressure property owners, as refinancing becomes more daunting with rising interest rates combined with potential declines in property valuations.Andrew also details how this precarious situation might precipitate a notable wealth exchange. As some investors struggle to keep pace with financial obligations, high-quality assets may hit the market under distressed conditions. This scenario provides savvy investors with a golden opportunity to acquire valuable properties at a fraction of the cost, potentially reshaping the investment landscape.Moreover, the episode doesn't just outline the problems but also explores strategic approaches to capitalize on these upcoming real estate investment opportunities. Andrew offers actionable advice for both new and seasoned investors aiming to navigate the complexities of the 2024 market exquisitely.Don't miss out on this insightful exploration of a pivotal moment in real estate investment. Listen to the episode, share it with peers and colleagues who could benefit from this expert analysis, and subscribe to the Real Estate Investor MBA podcast for more essential real estate investment wisdom and guidance.===We are committed to helping professionals diversify their portfolios and find a greater work-life balance. I work at www.lvpefund.com, and we represent doctors, lawyers, and high-net-worth professionals to invest in secure real estate assetsApply Here: https://www.lvpefund.com/questionnaireBook Fund Manager, Tejas Gosai: https://www.lvpefund.com/invest
My YouTube show/podcast guest today is Andrew Cushman, founder and principal of Vantage Point Acquisitions, who shares his experience and insights on remote management of multifamily real estate assets from the other side of the country, discussing the challenges and strategies for successful long-distance investing. We discuss the current state of the multifamily market and how rising interest rates have impacted prudent sponsors' ability to acquire new properties. Andrew talks about the spread between what sellers are asking and what buyers are bidding, and discusses the various factors that may lead to a surge in properties coming to market in the near future. Andrew also shares his philosophy on optimal deal sizes for efficient management, revealing the "sweet spots" at 120 and 220 units where fixed costs can be spread most effectively. He explains how his company has adapted to the changing market conditions and maintained strong performance despite challenges such as rising insurance costs. As an active LinkedIn user, Andrew also provides insights into his content strategy and the types of posts that tend to generate the most engagement. From market analysis to the realities of property management, he aims to share valuable information and connect with his audience. **** In this brand new podcast series at GowerCrowd, The Real Estate Reality Show, we take a realistic view of commercial real estate investing, providing pragmatic insights for passive investors who are looking for sponsors they can trust and distressed opportunities they can invest in. You'll find no quick fixes or easy money ideas here, no sales pitches, big egos or hype. You'll learn how to build your wealth while protecting your capital investing as a limited partner in commercial real estate investments, even and especially during an economic downturn. Subscribe to our free newsletter here.
Today's Flash Back Friday episode is from #116 that originally aired on Jun. 14, 2016. Our guest for this week's show is Multifamily Investor and full-time syndicator, Andrew Cushman. In today's show, we'll be speaking with Andrew in detail about how he went from being a full-time chemical engineer to a full-time multifamily syndicator who has amassed 1,470 doors in just over 5 years. Andrew will share with us intimate details on his first deal, which was a 92-unit apartment in Macon, GA that was 75% vacant and the lessons he learned from this first experience. He will also share the exact systems and processes that he uses to find deals in todays marketplace so that you can replicate these same ideas in your own business. Andrew's story is both inspirational and motivating as it truly shows what true grit and raw determination can afford us in this business. I'm positive that you'll enjoy and gain huge amounts of value from our show today. In this show with Andrew you're going to learn: How Andrew transitioned from being a chemical engineer to a full-time fix and flip real estate investor before deciding to focus on syndicating multifamily properties. Learn about the trials and tribulations he experienced with his first multifamily deal, which was a 92 unit property in Macon, GA which was 75% vacant at the time of purchase and more than 2,700 miles away. How he was able to continue to thrive as an investor, even during the downturn of 2007 and 2008. How he found his first mentor who trained him in the multifamily space. How he found funding for his first multifamily deal through the relationships he had built while fixing and flipping residential homes. Why he's attracted to the Southeastern states and feels there are multiple secondary and tertiary that are experiencing positive growth. What underlying fundamentals Andrew looks for in the markets he invests in. For example; population, median house prices, median incomes, crime rates, job growth, etc and which websites he uses to perform this research. The step-by-step process he goes through to find high quality property management companies in markets where he has no presence or existing relationships. What relentless persistence means to Andrew and how it took him 4,576 calls to get his first deal. And much more ☑️ Recommended Resources: Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com Self DirectedIRA Investment Opportunity–Click Here: https://www.advantaira.com/partners/s... To Learn More About How You CanInvest With Us Through Your SDIRA Accredited Investors Click Here: https://sunrisecapitalinvestors.com/ to learn more about partnering with me and my team on Mobile Home Park deals! Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park...and how to avoid them MobileHomeParkAcademy.com Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
Get my new book: https://bronsonequity.com/fireyourself Download my new special report - How to Use Inflation to Your Advantage - www.bronsonequity.com/inflation Welcome to this episode! Today, we're diving into the dynamic world of real estate investment with our esteemed guest, Andrew Cushman, Founder & Principal at Vantage Point Acquisitions. Andrew's journey from chemical engineer to real estate mogul is a testament to the transformative power of entrepreneurial spirit. Join us for an enlightening discussion as Andrew shares his insights garnered from over a decade of experience in the industry. Departing from his corporate roots in 2007, Andrew ventured into real estate investment, initially focusing on flipping single-family properties in Southern California. Sensing market shifts, he adeptly transitioned to multifamily acquisitions in 2011, successfully syndicating and repositioning over 2,600 multifamily units. In this episode, Andrew delves into the intricacies of real estate investment during uncertain times, shedding light on the benefits and challenges inherent in navigating the ever-changing landscape of the multifamily market. With his finger on the pulse of the industry, Andrew provides invaluable insights into the current state of the real estate market and identifies potential investment opportunities ripe for exploration. From discussions on equity, funding, and market trends to the importance of staying informed and prepared for investment opportunities, Andrew offers a wealth of knowledge to both seasoned investors and newcomers alike. His expertise and perspective are not to be missed. Tune in now to gain exclusive access to Andrew Cushman's wealth of experience and unlock the keys to success in the dynamic world of real estate investment. Whether you're a seasoned investor or an aspiring entrepreneur, this episode promises to inform, inspire, and empower. Don't miss out! TIMESTAMPS 00:43 - Guest Introduction: Andrew Cushman 02:54 - The benefits of investing in real estate during uncertain times 05:36 - Challenges in closing deals in the changing multi-family market 09:34 - The current state of the real estate market and potential investment opportunities 20:09 - Equity, funding, and market trends in the business world 20:50 - The importance of staying informed and being prepared for investment opportunities Connecting with the Guest: Website: https://www.vpacq.com/home Linkedin: https://www.linkedin.com/in/andrewcushmanvpa/ Youtube: https://www.youtube.com/channel/UCr_PLJ2AoRH6PNc7Zi27XPA #RealEstateInvesting #MultifamilyMarketInsights #FinancialFreedom
In this episode, the guest, Andrew Cushman, shares his journey from chemical engineering to successful real estate investing. With a focus on creative financing and multifamily investments, Andrew provides valuable insights and practical advice. He discusses the current market trends, emphasizing the importance of understanding cap rates and the impact of interest rate changes. Andrew's expertise shines through as he navigates complex topics with clarity and confidence. Andrew's optimistic outlook and practical tips make this episode a must-listen for aspiring real estate investors.Ultimate Shownote:00:02:35 - Andrew Cushman's Entrepreneurial Journey00:05:30 - Transition to Multifamily Investments00:08:11 - First Syndication Deal Experience00:10:34 - Discussion on Creative Financing00:16:22 - Nuances of Creative Financing Structures00:18:24 - Transition to Multifamily Market Analysis00:21:51 - Overview of Current Multifamily Market Trends00:25:18 - Impact of Capital Demand on Market Dynamics00:29:07 - Discussion on Cap Rates and Market Conditions00:34:17 - Brokers' Role in Market Pricing Dynamics00:39:37 - Insights on Florida Real Estate Investments00:42:57 - Speculation on Federal Reserve Rate CutsTurn your unique talent into capital and achieve the life you were destined to live. Join our community! We believe that Capital is more than just Cash. In fact, Human Capital always comes first before the accumulation of Financial Capital. We explore the best, most efficient, high-integrity ways of raising capital (Human & Financial). We want our listeners to use their personal human capital to empower the growth of their financial capital. Together we are stronger. LinkedinFacebookApple Podcast
"If you're getting in and starting now this is the golden opportunity that we've been waiting for for 10 years." -Andrew Cushman Today I am interviewing Andrew Cusman. He is the Founder and Principal of Vantage Point Acquisitions, a private equity firm providing investment opportunities in multifamily assets. He has presented at FIBI Pasadena as well as been a former guests on my podcast. He has been featured on platforms like Bigger Pockets and Real Estate Rookie. Andrew Cushman: Graduated from Texas A&M with a degree in chemical engineering. In 2006 Andrew and his wife started flipping houses in southern California right before the 2008 crash. Then Andrew began his journey into multi family investing. TOPICS COVERED IN THE EPISODE Why did Andrew get into multi-family investing Where is money made in multi family investing Become an expert in one thing Is the multi-family market suffering Where are we finding stress in the market How do cap rates work on commercial properties Why have insurance premiums gone up all over the country How do variable loan rates effect current properties What is Andrews secret sauce Are syndicators underwater Why is now time to invest Why is new construction falling Money is made on the operations Giving back to your onsite teams Build relationships with property managers Listen now and find out how Andrew found her Real Estate Breakthrough! The Real Estate Breakthrough Show with Christina Suter is where we talk about the reality of real estate, the mindset you need and the tips and tricks to get you moving forward in investing. Join us every other week and learn everything you need to know to invest in real estate on Youtube, iTunes, Spotify, and more. You can watch Andrew's interview on Youtube here. Find out more about Andrew here: Website VAPACQ.com LinkedIn Andrew Cushman
Multifamily real estate investing can be scary to a new investor. After all, buying more units requires more money, more resources, and a larger team. But today's guest is here to show you that multifamily investing is not nearly as intimidating as it may seem and why NOW is the perfect time to get started! Welcome back to the Real Estate Rookie podcast! In this episode, Andrew Cushman delivers a masterclass in multifamily real estate. Andrew got his start flipping houses for profit, only to find that he was missing out on the consistent cash flow and long-term appreciation of buy and hold properties. So, he dived headfirst into the world of multifamily investing. Today, he shares how he landed his first multifamily deal—the good, the bad, and the ugly. If you've ever considered buying multifamily properties, Andrew explains why you should start now. He also offers some essential tips for investing in today's market and provides a wealth of resources to help you define your perfect buy box. Finally, you're going to need the right people around you to tackle multifamily real estate. Andrew shows you how to build your team and how to pitch a long-term buy and hold property to potential investors! In This Episode We Cover: Why NOW is the perfect time to start investing in multifamily real estate Three ways to fund your first multifamily deal (with other people's money!) Multifamily deal analysis and tips for buying in today's market The two CRITICAL deal analysis mistakes that investors make How to assemble a high-performing team for your multifamily business And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the “Real Estate Rookie” Podcast Grab Your Copy of David Greene's Book, “Long-Distance Real Estate Investing” Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Deal w/ Andrew Cushman The 8 Steps That Will Stop You From Getting Burnt on Multifamily Deals w/ Andrew Cushman Why Self-Storage Beats Rental Properties w/ AJ Osborne Resources to Help You Build Your Buy Box: JCHS ESRI FEMA BLS Rich Blocks Poor Blocks Bright Investor Neighborhood Scout Connect with Andrew: Andrew's BiggerPockets Profile Andrew's LinkedIn Vantage Point Acquisitions Check the full show notes here: https://www.biggerpockets.com/blog/rookie-346 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices
“Want to invest in multifamily real estate, do zero work, and make a million dollars, all in a few months? Well, we have the opportunity for you! We're about to make you a gazillionaire for the low, low price of your entire life savings. Don't worry about doing any due diligence; just sign these papers without looking through them. You're about to strike it rich!” Most people can call out an obvious scam or bad real estate deal, but what about the less-than-obvious signs? Today, we've got two multifamily real estate experts, Andrew Cushman and Matt Faircloth, on the show to go through the multifamily and syndication red flags that could cost you EVERYTHING. Andrew even went through the painful process of losing 90% of an investment years ago just to walk through his lessons on the show. Whether you're partnering on a deal or passively investing in syndications, if any of these red flags show up, you should run—immediately. From vetting a sponsor to investigating track records, which metrics to trust (and which NOT to), and the questions you MUST ask, this episode alone could stop you from losing tens or hundreds of thousands of dollars. In This Episode We Cover: The seven deadly signs that a multifamily syndication deal is a scam (or at least a dud) Vetting a sponsor/syndicator and why you MUST avoid “FOMO investing” Partnerships, inexperienced sponsors, and who you can REALLY trust The new financial “metric” unsophisticated syndicators hope you DON'T look into The “capital stack” explained, and how to do your due diligence on a syndication's debt (before you invest) And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Be a Guest on the BiggerPockets Podcast David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube BiggerPockets Podcast 636 with Amy Mahjoory (Part 1) BiggerPockets Podcast 352 with Diego Corzo Join BiggerPockets Pro and Start Investing for Financial Freedom TODAY Ask David Your Question Book Mentioned in this Show Pillars of Wealth by David Greene Raising Private Capital by Matt Faircloth The Richest Man in Babylon by George S. Clason: The Hands-Off Investor by Brian Burke Connect with Andrew: Andrew's BiggerPockets Profile Andrew's LinkedIn Vantage Point Acquisitions Connect with Matt: Matt's BiggerPockets Profile Matt's Instagram DeRosa Group Learn more about your ad choices. Visit megaphone.fm/adchoices
Andrew Cushman has successfully syndicated and repositioned over 2,700 multifamily units. Outside of the business world, Andrew enjoys surfing, backcountry skiing, and trying to not be outwitted by his two young children. Main point:What is passive investing in real estate, and how does that differ from most people's perceptions about real estate investing?How does passive investing in a real estate syndication differ from investing in a single-family home?What is the secret tool for using 401Ks and IRAs to build our retirement portfolios?What are the major factors to consider before making any passive investment? Investment goalsRisk ToleranceCapital Commitment (how much capital do you have to commit)Diversification – can act as hedge against stock market volatility & offer portfolio stabilityTax implicationWhat common myths do we often hear regarding alternative investing, particularly passive real estate investing? Myth 1: alternative investments are only for the ultra-wealthyMyth 2: Alternative investments are highly riskyMyth 3: Alternative investments lack transparencyDoes Wall Street actually protect your investments?Liability coverageProperty damage coverageBusiness interruption insuranceCommercial Insurance for AssuranceWhat are some ways to use passive real estate investing to diversify your investment portfolio?Investment type – Wall Street & most wealth advisors tell us to allocate 60^ to stocks and 40% to bonds. Not very diversified, and more stocks are more stocks, not diversification. Investing in RE diversifies.Different asset classesDifferent locationsInvest in many opportunitiesWhy is the demand for apartment living growing?Changing demographics: millennials – burdened with student loan debt and/or seeking flexibility. Boomers are downsizing and seeking maintenance-free lifestyles and proximity to amenitiesFlexibility and mobilityLifestyle preferencesAffordability & cost of homeownershipWhat are some quick tips but often overlooked Investing tips for creating a brighter future?Establish a financial plan based on where you are and on your goals.Start saving and investing todayBuild a diversified portfolio based on your tolerance for risk.Evaluate your portfolio regularlyIgnore the noiseWhat is the most important stamp of approval provided to a syndicator that provides reassurance to a passive investor?What are the 5 primary investor metrics that passive investors need to know and understand?Cash-on-cashAverage Annual ReturnIRREquity multiplierCap ratesConnect with Andrew Cushmani:www.vpavq.com andrew@vpacq.comhttps://www.linkedin.com/in/andrewcushmanvpa/
Andrew Cushman is a multifamily investor with over $200m in assets under management. In this episode, Andrew tells the story of his start in real estate and what he sees going into a turbulent market. You'll learn: - Why Andrew's first deal failed - Andrew's take on multifamily pricing - How to look at debt terms going forward Thanks to our sponsor Gobundance - the Tribe of Healthy, Wealthy Generous People who Choose to live Epic Lives! Apply today at https://www.gobundance.com Find out more about Andrew at his website https://www.vpacq.com
In this episode, Andrew Cushman, founder and principal of Vantage Point Acquisitions shares his journey from engineering to house flipping to becoming a successful multifamily syndicator. Learn about lessons from his best and worst deals, strategies for navigating changing economic conditions like rising interest rates, and tips for evaluating investment opportunities. Listen in and gain insights on building a long-term real estate career from someone who has seen market cycles come and go!About Andrew CushmanAndrew Cushman is the founder and principal of Vantage Point Acquisitions, a real estate private equity firm specializing in multifamily apartments, particularly in the southeast region. After leaving his corporate position in 2007, Andrew ventured into real estate investment, initially focusing on flipping single-family properties in Southern California. Over time, he transitioned to multifamily acquisitions and has since syndicated and repositioned over 2,600 multifamily units. A former chemical engineer, Andrew brings a unique perspective to the real estate industry. Here are some power takeaways from today's conversation:[03:11] Andrew's real estate investing journey[08:06] Practicing R&D in the real estate world[11:39] How he made the transition from engineering to flipping houses[13:39] The worst syndication he has done[20:56] Most common mistakes LP investors make[24:38] IRR vs. AAR[38:36] Fixed rate debt on the portfolioEpisode Highlights:[08:06] Practicing R&D in the Real Estate WorldIn the world of real estate, there's a beautiful concept called "rip off and duplicate," as Cameron Harold aptly puts it. In the corporate world, that's research and development; in real estate, it's rip-off and duplicate. Find somebody who's already successful at what you want to do, learn and copy what they do, and go execute. This approach not only provides a blueprint for action but also instills the confidence to persist, knowing that proven methods are at hand. [13:39] Lessons Learned From Buying C-Class PropertiesC-class properties may appear promising on paper, but their true nature often falls short in the real world. Recognizing this, Andrew coined the phrase "the grass is always greener over the septic tank" to highlight the deceptive allure of these properties and the lack of competition surrounding them. During a recession, rough C-class properties suffer the most, experiencing severe delinquency and plummeting value. For Adam, this was the worst deal he and his wife had ever done. Although the returns were not impressive, his experience taught him invaluable lessons, now more knowledgeable about what to do and what not to do.[20:56] Common Mistakes LP Investors Make Shopping deals solely based on projected IRR without considering the different levels of risk involved to achieve those returns. Higher returns do not always mean a better investment if they come with greater risk. Not understanding the relationship between risk and return Failing to evaluate deals based on multiple metrics like IRR, annual cash-on-cash return, equity multiple, and annual average return rather than just one metric. No single number tells the whole story. Viewing the relationship with the sponsor/general partner as adversarial rather than as a partnership. Investors need to ensure their interests are aligned with the experienced sponsors they are entrusting their capital for the holding period. This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.Resources Mentioned:Vantage Point AcquisitionsPodcast Recommendations:Macro Voices Advertising Partners:TribevestAspen FundsViking CapitalRise48
Andrew Cushman is a former chemical engineer who found his entrepreneurial calling in real estate. In 2007, Andrew left his corporate position to start a business in real estate investment, starting off flipping single family properties in Southern California. Sensing a shift in the market, in 2011 Andrew transitioned to multifamily acquisitions and has successfully syndicated and repositioned over 2,600 multifamily units. He is a frequent guest and panelist on Real Estate podcasts and educational forums. Outside of the business world, Andrew has been a certified alpine ski instructor and when not working in real estate enjoys surfing, backcountry skiing, and trying to not be outwitted by his two young children. HIGHLIGHTS IN THE SHOW: 00:00 - Intro 01:26 - Andrew's Background 03:57 - Impact Equity Ad 04:25 - Leaving Your W2 07:16 - Investor Capital and Flipping 09:07 - Multifamily Funding 10:13 - The Multifamily Investor 12:16 - Flipping Business 14:00 - Building A Team 18:28 - Hindsight 19:49 - Class A, B, and C 23:03 - Exit Strategies 25:01 - Cashflow Investors 26:36 - Ideal Asset 27:45 - Vantage Point Acquisitions 30:34 - The Future Of Multifamily 33:53 - Good Debt 36:29 - Educational Resources 38:47 - Bucket List 40:11 - Where Would You Invest 100k 41:19 - Connect With Andrew CONNECT WITH OUR GUEST:https://www.vpacq.com/home https://www.linkedin.com/in/andrewcushmanvpa/ CONNECT WITH OUR HOST: Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor ---------------------------------------------------------------------------------------------------------------------------- Follow us on social media @the.gentle.art.of.crushing.it Listen, like, subscribe, comment: http://thegentleartofcrushingit.com/
2023's insurance market is bad. Really bad. “As bad as I've ever seen,” says Insurance Office of America's Robert J. Hamilton. He's never seen home and multifamily insurance prices as high as today. But, he has good reason to believe that a better insurance market could be upon us soon, especially as prices continue to ramp up and providers get priced out of the market. If you're a property owner, there's a good chance your insurance premium increased significantly in price last year and the year before. After several unprecedented natural disasters, states like Texas, Florida, and California have seen carriers massively raise rates or leave their markets entirely. But why now? And how long will this last? Robert walks us through exactly what's caused the higher insurance rates, why so many carriers have given up or died out, and “the beginning of a reset” that could be on the horizon. Andrew Cushman, long-time friend of the show and multifamily investor, gives his seven quick tips on finding a better rate and protecting your property if and when disaster strikes. DO NOT analyze another deal before you watch this episode because, by the time you finish, your new insurance rate could ruin the profit potential. In This Episode We Cover: The wild 2023 insurance crisis explained and why rates have gone up so dramatically The “capacity crunch” forcing insurance carriers to leave risky markets What's causing rates to rise and the “reinsurance” problem carriers face Underwriting your next rental/multifamily and how to properly predict property insurance costs The safest states/areas to invest in that carriers are flocking to The “percentage deductible” trap that could bankrupt your deal if you aren't careful And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Davids's BiggerPockets Profile David's Instagram Network with Other Investors on the BiggerPockets Forums How to Protect Your Rental from Fires, Floods, Lawsuits, and Liability What Is Rental Property Insurance & Do Landlords Need It? Book Mentioned in the Show: SCALE by David Greene Connect with Andrew: Andrew's BiggerPockets Profile Andrew's LinkedIn Andrew's Website Connect with Robert: Robert's Email Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-819 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
When it comes to investing, nothing pays off more than patience and discipline. As sellers insist on prices that no longer make sense in this current interest rate environment, it's gotten increasingly difficult to find deals that pencil out. Even before the interest rate surge, prices were at unprecedented levels because of the incredible amount of competition that were chasing deals. Andrew Cushman, Founder and Principal of Vantage Point Acquisitions, operators of multifamily assets in the Southeast, has adhered to strict acquisition guidelines and therefore has continued to prosper with his portfolio when many others are struggling.
The Limited Partner - You can invest in Real Estate Private Equity!
Join us in this amazing podcast conversation with Andrew Cushman, Manager and Owner at Vantage Point Acquisitions, LLC as we explore the current state of the real estate market. Andrew discusses the potential long-term structural shift in the office market and the changing dynamics of the multi-family sector. He highlights the increased demand for affordable housing and the challenges faced, including rising insurance costs and aggressive tax policies. Andrew shares insights on pricing trends, transaction volumes, and the different scenarios faced by owners and operators in the market. Join us as we delve into the opportunities and risks in the ever-evolving real estate landscape.Visit us here at: https://www.thelimitedpartner.com/ If you'd like to say hello, you can find Jake at @JJakeWiley on Instagram and Twitter, and on LinkedIn. You will hear quite a bit of real estate terminology in every episode. We've aggregated the most common questions for you in the link below! https://bit.ly/learn-the-lingo
At this year's Best Ever Conference in March, Matt Faircloth and Andrew Cushman sat down with Joe Fairless to discuss his path from real estate newbie to $2.7B AUM. In Part II of this two-part conversation, Joe shares tips on raising capital in an investor-hesitant market, the benefits to vertical integration as you scale, and his thoughts on what the commercial real estate market holds in 2023. Click here to learn more about our sponsors: MFINCON BAM CAPITAL DEAL MAKER LIVE
Today, we sit with someone who has made it big in the multifamily industry, Andrew Cushman. We pick his brain on how to successfully invest in real estate even in the midst of rising interest rates and a lot of uncertainties in the market. Learn how to vet a sponsor, get genuine referrals, and know when to do a deal. You'll get tons of value and investing strategies in this episode so be sure to tune in!Key Points from This Episode:Andrew's background as a chemical engineer.Andrew's transition from leaving his job into full-time house flipping.Andrew's transition from house flipping into apartment units.Andrew explains what a real estate syndication, limited partner, and general partner are.How to vet a sponsor and get a genuine referral.The value of detailed, complete and transparent communication with investors.A good strategy for syndicators to know when to do a deal.Andrew explains the big difference in the multifamily space from when the financial crisis hit in 2008 to the recession and financial crisis happening now.What opportunities does Andrew see in the multifamily market in the midst of rising interest rates?Andrew's advice for people who are unsure if it's a good time to invest because of the uncertainties in the market.Andrew shares the lessons he learned from past mistakes as an investor.Tweetables:“You are investing more in that sponsor than you are in any particular deal.” [00:10:04]“You cannot time the market, you have to buy the right assets in the right place and structure them properly. And then make sure that you have plenty of flexibility on the exit.” [00:22:13]“It's not, ‘Don't invest,' it's ‘Change the strategy' to fit the market that we're in so that you can still make successful investments.” [00:33:02]Links Mentioned:Andrew Cushman on LinkedInVantage Point Acquisitions (VPACQ) websiteThe Hands-Off Investor by Brian BurkeMacro Voices PodcastDerivative Logic websiteGlobe Street BisnowAbout Andrew CushmanAndrew Cushman is a former chemical engineer who found his entrepreneurial calling in real estate. In 2007, Andrew left his corporate position to start a business in real estate investment, starting off flipping single-family properties in Southern California. Sensing a shift in the market, in 2011 Andrew transitioned to multifamily acquisitions and has successfully syndicated and repositioned over 2,600 multifamily units. He is a frequent guest and panelist on Real Estate podcasts and educational forums. Outside of the business world, Andrew has been a certified alpine ski instructor and when not working in real estate enjoys surfing, backcountry skiing, and trying to not be outwitted by his two young children.Connect with us!Claude Condo on LinkedInThe main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. Connect with us!Jeff StarkClaude CondoNewsletter
The way you manage your multifamily real estate could be the defining factor when growing a bigger portfolio, reaching financial freedom, and leaving a lasting legacy. The “DIY management” style works for most real estate investors until they build a significant stack of multifamily properties. Then, the toilet calls, tenant complaints, and late rent checks get a little exhausting when you're now taking care of dozens of tenants, not just two or three. So, what's the right way to scale with multifamily real estate without losing your hair? We've brought back multifamily investing experts Andrew Cushman and Matt Faircloth to explain how new multifamily investors can start to scale by making some strategic hires. Both of these battle-tested investing experts have dealt with their fair share of flaky property managers, late maintenance technicians, and asset managers who care more about a paycheck than building a profitable portfolio. They know exactly what does (and doesn't) make a good hire and how you can start scaling quicker by outsourcing work you once thought crucial for an owner to do. Andrew and Matt break down the difference between a property manager and an asset manager and explain why these roles are commonly confused. They also hit on how essential operations are at a time when cap rates are starting to expand and many buyers have fled the market. Finally, they'll walk through the exact skills you should be looking for in an asset manager, property manager, leasing agent, and maintenance supervisor, so you can focus on growing your portfolio, NOT handling the day-to-day hiccups. In This Episode We Cover: Asset management vs. property management and how these two separate roles create investing synergy The changing multifamily market and how “buying a deal” isn't as easy as it was before What small multifamily investors can do NOW to build the road to a bigger portfolio Hiring a property manager and the twenty-seven questions you MUST ask them before you bring them into your team Attitude over skills and how to find the rockstars that want to build your real estate portfolio Incentivizing success and making sure your workers are paid for increasing value and cash flow And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David's YouTube Channel Work with David What Is a Real Estate Investment Asset Manager? Get your free copy of the 27 Questions You should ask a Property Manager Book Mentioned in the Show: Raising Private Capital by Matt Faircloth Connect with Matt and Andrew: Andrew's BiggerPockets Profile Andrew's LinkedIn Vantage Point Acquisitions Matt's BiggerPockets Profile Matt's Instagram DeRosa Group Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-739 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
A commercial real estate crash is looking more and more likely in 2023. Rising interest rates, compressed cap rates, and new inventory about to hit the market is making commercial real estate, and multifamily more specifically, look as unattractive as ever to a real estate investor. But with so much money still thrown at multifamily investments, are everyday investors going to get caught up in all the hysteria? Or is this merely an overhyped crash that won't come to fruition for years to come?Scott Trench, CEO of BiggerPockets and host of the BiggerPockets Money Podcast, has had suspicions about the multifamily space since mortgage rates began to spike. Now, he's on the show to explain why a crash could happen, who it will affect, and what investors can do to prepare themselves. This is NOT a time to take on the high-stakes deals that were so prominent in 2020 and 2021. Scott gives his recommendations on what both passive and active investors can do to keep their wealth if and when a crash finally hits.But that's not all! We wouldn't be talking about multifamily without Andrew Cushman and Matt Faircloth, two large multifamily investors who have decades of experience in the space. Andrew and Matt take questions from two BiggerPockets mentees, Philip and Danny, a couple of California-based investors trying to scale their multifamily portfolios. If you want to get into multifamily the right way or dodge a lousy deal, stick around!In This Episode We Cover:The commercial real estate crash and bad news for high-interest rate investorsCap rate compression, rent stagnation, and red flags for the multifamily market Recommendations for both active and passive multifamily investorsHow to vet a real estate syndication deal when raising private capitalScaling from small to large multifamily and why the jump is easier than you thinkCash flow vs. appreciation and which is a better bet if valuations start to tankBalloon payments, adjustable-rate mortgages, and risky financing options putting new investors in a tough spotAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramDavid's YouTube ChannelUnderstanding Rental Property Depreciation—A Real Estate Investor's GuideHouse Hacking 101—What It Is and How to Get StartedYour Debt-to-Income Ratio Can Make or Break Your Investing CareerOn The Market Podcast 65 with Ben MillerOn The Market Podcast 71 with Brian BurkeBiggerPockets Real Estate Podcast 708BiggerPockets Real Estate Podcast 719Book Mentioned in the ShowThe Hands-Off Investor by Brian BurkeConnect with Andrew, Matt, Dave, and Scott:Andrew's BiggerPockets ProfileDave's BiggerPockets ProfileMatt's BiggerPockets ProfileScott's BiggerPockets ProfileClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-721Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Multifamily real estate investing was almost impossible to break into over the past few years. Even those that had been in the field for decades were finding it challenging to get offers accepted or deals underwritten. Investors were throwing in almost unbelievable amounts of non-refundable earnest money, going well over asking price and analyzing deals at lightning speed, which often led to mistakes, not more money. But the tables have turned, and now, thanks to high interest rates, the buyer is in the driving seat.And how could it be a multifamily episode without Andrew Cushman and Matt Faircloth? These two expert multifamily investors have been buying apartments for decades and helping others do the same! In this episode, Andrew and Matt break down what has gone on in the multifamily markets, why cap rates haven't kept pace with interest rates, and what buyers can do now that sellers have lost most of their bargaining power. You'll also get to hear their multifamily predictions for 2023, how far they expect prices to fall, and what you can do to start or scale your multifamily investing this year!Then, Andrew and Matt take questions from the BiggerPockets forums and live Q&As with new multifamily investors. These topics range from property classes explained to raising private capital from investors (who aren't your mom) and the risks and rewards of investing in smaller markets. Whether you're interested in duplexes, triplexes, or two-hundred-unit apartment complexes, Andrew and Matt have answers for you!In This Episode We Cover:The mortgage and cap rate battle and how the two are unbalanced in 2023The multifamily buyer's market and why now is the time to aggressively chase deals2023 housing market predictions and what multifamily investors can expect How to start, or scale, your multifamily real estate portfolio this year Long-distance real estate investing and assessing a property market from afarHow to raise money from private investors and expanding your networkThe hidden dangers behind investing in a small, tertiary marketsAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaAndrew's BiggerPockets ProfileAndrew's LinkedInVantage Point AcquisitionsMatt's BiggerPockets ProfileMatt's InstagramDeRosa GroupPaul Moore's Article on Interest Rates and Cap RatesBooks Mentioned in the Show:Long-Distance Real Estate Investing by David GreeneRaising Private Capital by Matt FairclothThe Intention Journal by Brandon TurnerConnect with Philip & Daniel:Philip's BiggerPockets ProfilePhilip's InstagramPhilip's WebsiteDaniel's BiggerPockets ProfileDaniel's TwitterClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-711Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
There's a dark side of real estate no one talks about. Crime, destruction, theft, violence—you name it, we've dealt with it. With the spookiest day of the year coming close, we're going to tell you all our terrible real estate tales. Everyone on podcasts and YouTube wants to show you how easy it is to invest, how it's an assured path to wealth, and rarely what type of mistakes you can make. But we're flipping the script, bringing in some of the best and brightest in real estate to show that the grass is usually greener where the septic tank is.Today's guests, who have all collectively succeeded at failing, are Andrew Cushman, Jamil Damji, and Matt Faircloth. If you've been a BiggerPockets listener, these names may sound familiar to you, but if you're brand new, let us introduce you to these industry giants. Andrew is a multifamily expert and one of the smartest names in the game on screening and underwriting (analyzing) properties. Jamil built the nation's largest wholesaling operation and is an expert guest on On the Market. And Matt, CEO of the DeRosa Group, literally wrote the book on Raising Private Capital.But these titans of industry only made mistakes at the beginning of their careers, right? Not quite. They share today a selection of stories that will make you realize that the only successful investors are the ones who can both literally and figuratively weather a strong storm. And if you think it's all cash flow and cruises for these investors, you couldn't be more wrong. In This Episode We Cover:Why you should ALWAYS check out a property before you buy (and what happens if you don't)Becoming the "Sheriff" of your investment and how contractors can easily take you for a ride1031 exchange mistakes and how to negotiate with a seller even when you're on a time crunchAlways staying in your lane and trusting your gut when a deal doesn't feel rightPaying more for insurance and how to financially prepare for a natural disaster Why even with all the pain, real estate investing is the best wealth vehicle in the game!And So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramBiggerPockets Podcast 661Vantage Point AcquisitionsThe DeRosa GroupJamil's YouTubeBooks Mentioned in the Show:Raising Private Capital by Matt FairclothConnect with Matt, Andrew, & Jamil:Andrew's BiggerPockets ProfileJamil's BiggerPockets ProfileMatt's BiggerPockets ProfileJamil's InstagramMatt's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-681Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
It is such an honor to welcome my guest, Andrew Cushman, to the podcast! For over a decade, Andrew has been growing real estate investment businesses full-time. Starting off with single-family properties in 2007, Andrew completed 27 single-family flips. In 2011, he transitioned to the acquisition and repositioning of multifamily properties and now acquires B-class, value-add properties throughout Texas and the Southeast United States. In total, Andrew and his team have acquired and repositioned over 2,000 multifamily units to date and, of course, each one of those units requires property management. In this episode, you will hear Andrew's experience of managing the property manager, and the techniques he uses to keep his property management team motivated and connected. Andrew also reveals his opinion on the positive and negatives of in-house property management. Join me and tune in today! Connect with Andrew at: Website: https://www.vpacq.com/ Facebook: https://www.facebook.com/andrew.cushman.5 Linkedin: https://www.linkedin.com/in/andrewcushmanvpa/ Andrew's Book Recommendation: Long Distance Real Estate Investing by: David Green, The Hands Off Investor by: Brian Burke Andrew's Prayer Request: Safety while traveling. Wisdom in this uncertain market. Connect with Lee: Website: THREEFOLD - Real Estate Investing (threefoldrei.com), Email: info@threefoldrei.com, Facebook: Threefold Real Estate Investing | Facebook, LinkedIn: Lee Yoder | LinkedIn, NEW!!! YouTube Channel: https://www.youtube.com/channel/UCGM93x6ZEDa4n9yH7UP97iA Check out our Free E-book! https://threefoldrei.ac-page.com/5-steps-to-passive-income-for-the-full-time-dad
The multifamily real estate market seemed almost impenetrable over the past two years. Unless you had millions in dry powder, ready to overpay for a huge apartment complex, there was a low chance you'd be making any money in the multifamily industry. This gave the big buyers an unfair advantage, while smaller investors struggled to put almost anything under contract. The tables have started to turn as interest rates rise, repricing becomes the norm, and multifamily buyers start fleeing the closing table.It's now your time to shine, small-scale investors. As large buyers begin to fear a housing market crash, you can swoop up the spoils that could benefit you for years to come. But, before you do so, you'll need to understand how exactly multifamily investing works. Back again on the show are Andrew Cushman and Matt Faircloth, two multifamily masters in their own rights.They've become real estate veterans after over a decade worth of investing experience. Now, they're here to share some beginner steps and tips on how you can get into the world of multifamily real estate, regardless of your experience, knowledge, or bank account size. These steps are simplistic at a high level, but doing them correctly could help you beat out the competition for years to come. The only question is, are you ready to start?In This Episode We Cover:Why today's “fearful” multifamily market is a great opportunity for new investors Evaluating your goals, skillset, and advantages before you step into the multifamily marketThe biggest mistakes new investors make when choosing a real estate marketHow to get deals sent directly to you and build up a network of top-tier brokersBuilding your real estate dream team that'll allow you to scale with far less headacheRaising private capital and using other people's money to grow your real estate empire And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022Listen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramBiggerPockets Podcast 571BiggerPockets Podcast 586BiggerPockets Podcast 634BiggerPockets Podcast 279Harvard Joint Center for Housing StudiesCrexiLoopnetBerkadiaCushman and WakefieldCBREMarcus and MilichapColliersBooks Mentioned in the Show:Long-Distance Real Estate Investing by David GreeneRaising Private Capital by Matt FairclothConnect with Matt & Andrew:Andrew's BiggerPockets ProfileMatt's BiggerPockets ProfileClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-661Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Target Market Insights: Multifamily Real Estate Marketing Tips
Andrew Cushman is a former chemical engineer who found his entrepreneurial calling in real estate. In 2007 Andrew left his corporate position to start a business in real estate, starting off flipping single-family properties in Southern California. Sensing a shift in the market, in 2011 Andrew transitioned to multifamily acquisitions and has successfully syndicated and repositioned over 2,300 multifamily units. He is a frequent guest and panelist on real estate podcasts and educational forums, and recently launched The Multifamily Accelerator: a multifamily mastermind group for active and experienced Real Estate investors. We talked to Andrew about how his multifamily investing journey started, what to look for when starting out, how to approach investing in an older property, what to look for in a market, and the types of deals to avoid! Announcement: Download Our Sample Deal and Join Our Mailing List [00:01 – 05:53] Opening Segment Andrew talks about his background. He talks about how he got into real estate investing; [05:53 – 21:26] Big Lessons Learned from a First Deal Transitioning from single-family flipping to multifamily investing; He talks about his first multifamily deal; How hiring a mentor is a must; What to look for when starting out; How to approach when you are investing in an older property; The best way to find the right property manager [21:26 – 37:14] When to Start What markets to invest in; What to do when you can't buy a deal; The importance of staying true to your process; The importance of relations with brokers; The types of deals to avoid [37:14 – 44:10] Round of Insights Apparent Failure: His first multifamily deal Digital Resource: ESRI Most Recommended Book: Long Distance Real Estate Investing Daily Habit: Making the plan for the next day #1 Insight for Multifamily Investing Multifamily is easier than you think it is, but not at the beginning. Best Place to Grab a Bite in Southern California: The Cheesecake Factory Contact Andrew: To learn more go to www.vpacq.com. Tweetable Quotes: “Risk comes down to lack of knowledge or control.” - Andrew Cushman “Multifamily gets better the bigger you get” - Andrew Cushman Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you do not miss an episode.
How can we adapt to the present market situation and structure deals to mitigate investment risks? Andrew Cushman shares the factors contributing to his multifamily success, qualities that make this investment stand out from the rest of the asset classes, and tips on adequately evaluating markets. Listen to learn about seizing opportunities in a market crisis and maintaining a deal flow! Key Takeaways from this episode Why you shouldn't underestimate raising capital and property renovation The scalability and advantages of Class A and B areas/markets What makes multifamily a better investment than single-family or fix and flips? Ideal team and business culture for real estate investing Insights about the opportunities in multifamily in the current market condition The impact of reliability and integrity in building relationships References/Links Mentioned BiggerPockets Real Estate Podcast About Andrew Cushman Andrew Cushman is a former chemical engineer who found his entrepreneurial calling in real estate. In 2007 Andrew left his corporate position to start a business in real estate investment, starting off flipping single-family properties in Southern California. Sensing a shift in the market, in 2011 Andrew transitioned to multifamily acquisitions and has successfully syndicated and repositioned over 2,300 multifamily units. He is a frequent guest and panelist on Real Estate podcasts and educational forums, and recently launched The Multifamily Accelerator: a multifamily mastermind group for active and experienced Real Estate investors. Outside of the business world, Andrew has been a certified alpine ski instructor and when not working in real estate enjoys surfing, backcountry skiing, and trying to not be outwitted by his two young children. Connect with Andrew Website: Vantage Point Acquisitions YouTube: Vantage Point Acquisitions Facebook: Vantage Point Acquisitions Instagram: @vantagepointacquisitions LinkedIn: Andrew Cushman Neil J. Timmins is on a mission to make a deep personal impact in the lives of his team members and business partners through his work as a real estate investor and mentor. He started as a traditional real estate agent where his team was recognized by the Wall Street Journal as a Top 100 team. Eventually, he made the transition from Realtor to full time investor. Over the course of his career, Neil has been involved in over $300,000,000 in real estate transactions. Neil's portfolio depth includes assets ranging from houses to industrial properties. Recently, Neil and his team launched the Legacy Impact Partner Program where they partner with fix and flip investors from around the country. Neil's team brings capital to fund and fix rehabs, operational expertise, and years of experience catapulting their partner's business to new heights. Want to partner? You can learn more and book a call with Neil at www.LegacyImpactPartners.com. Connect with Neil Website: Real Grit LinkedIn: Neil J. Timmins Facebook: Neil Timmins
Investing in apartment buildings may seem like a big jump to everyday real estate investors. Mom and pop landlords—used to buying single-family houses or duplexes—may see apartment buildings as far outside their reach. And this, for the most part, has been true over the past two years. With high competition, equally high prices, and syndication deals popping off every other second, regular investors haven't been able to invest in large multifamily real estate—until now.Andrew Cushman and Matt Faircloth started as solo-investors like most of us. But, over the past decade, they've both grown large multifamily portfolios, and know exactly how hard it's been over the past two years. They're finally starting to see some cracks in the institutional armor of multifamily, allowing small-time investors to get deals while everyone else is fleeing from high interest rates and an oncoming economic downturn.If you've been waiting to level up your investment portfolio, make big equity gains, and bring in massive passive income, then this is the episode for you. And, if you feel like you're too new to invest, the BiggerPockets Multifamily Bootcamp, hosted by Matt Faircloth, will give you everything you need to go from onlooker to investor!In This Episode We Cover:Multifamily “tailwinds” that are making apartment investing easier in 2022 and 2023The hidden opportunity of multifamily that most investors don't pay attention toHow creativity became crucial in the real estate industry and using it to score better dealsWhich multifamily properties are safe from an economic downturn and inflation The seven ways that you can mitigate multifamily risk when investingHow to start building your multifamily strategy today so deals flow to you as competition thinsAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022Listen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsDavid's BiggerPockets ProfileDavid's InstagramSign Up For the BiggerPockets Multifamily BootcampBiggerPockets Podcast 88BiggerPockets Podcast 203BiggerPockets Podcast 289BiggerPockets Podcast 170BiggerPockets Podcast 279BiggerPockets Podcast 586Vantage Point AcquisitionsDeRosa GroupInvest with David GreeneBooks Mentioned in the ShowRaising Private Capital by Matt FairclothConnect with Matt and Andrew:Andrew's BiggerPockets ProfileMatt's BiggerPockets ProfileClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-634Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Is multifamily real estate investing as complicated as investors make it out to be? If you're Andrew Cushman of Vantage Point Acquisitions, you'd probably argue that although multifamily has a bit more complexity than single-family rentals, it's still, by all means, profitable for the everyday investor. In the early 2000s, Andrew didn't know anything about pro formas, apartment underwriting, or the best type of mulch to use on large-scale landscaping. Now, more than a decade later, Andrew has been able to lead his team in acquiring, syndicating, and repositioning over 2,500 multifamily units. He's here with David Greene to answer live questions surrounding anything and everything related to multifamily investing. He gives stellar takes on the current state of the market, how rising interest rates will affect multifamily investing over the next few years, and the best way to increase your ROI (return on investment) on a multifamily acquisition.You don't need to be a large-scale apartment investor to take away some golden nuggets from this episode. Even if you've never thought of investing in multifamily, Andrew frames multifamily in a way that'll have you wondering, “could I buy that apartment down the street?” In This Episode We CoverThe five most important factors to understand when looking at a multifamily deal Multifamily debt and equity, plus how they dramatically differ from single family rentalsHow to use pro forma calculations when underwriting a deal and protecting yourself from overinflated profit numbersWhether or not today's rising interest rates will cause a sell-off of multifamily propertiesThe easiest improvements that will dramatically boost your ROI on a multifamily propertyWhat rookie investors get wrong about finding good deals in today's market And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastSubmit Your Questions to David GreeneVantage Point AcquisitionsInvest with David GreeneThe 3 Cs to Achieving Success as an InvestorGoBundanceBiggerPockets Podcast 170: The Journey From Flipping Houses To Owning 1470 UnitsBiggerPockets Podcast 279: How to Find Overlooked Opportunities in a Hot MarketBiggerPockets Podcast 586: The 8 Steps That Will Stop You From Getting Burnt on Multifamily DealsBiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily DealDavid Greene | BiggerPocketsDavid Greene MeetupsDavid Greene TeamClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-607See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Want to know how to analyze a multifamily property? Maybe you've analyzed duplexes, triplexes, quadplexes, or even ten-unit apartment complexes before, but what about the big deals? We're talking about multi-million dollar multifamily investments, with hundreds of units, large debt and equity structures, and many, many small pain points only experienced investors would notice.If you're looking for an in-depth overview of how to find, analyze, and buy a large multifamily property so you can build passive income and serious equity growth, then Andrew Cushman is the man to talk to. Andrew is so good at what he does that he's partnered up with BiggerPockets Podcast host, David Greene, to invest together.In Andrew's previous episode, he touched on the “phase I underwriting” that comes with analyzing a multifamily deal. In this episode, Andrew focuses on what investors should do after they've triaged their deals and are left with only the best in the bunch. Andrew spent years worth of time analyzing deals to come up with these eight steps. He shares them today so you can have less headache and more investing success than when he started!In This Episode We Cover:How to quickly screen for potential hidden gems in the multifamily spaceThe eight steps that lead to perfect multifamily underwriting so you can make the best offer possible“Loss to lease” and using it as a value-add opportunity that most investors missGetting debt quotes, insurance quotes, and accurately calculating future property taxesWho's opinion you need to ask for before going through on a multifamily dealLooking for the opportunities and traps within a seller's financesWriting an LOI (letter of intent) and getting bigger deals under contractAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelDavidGreene TeamBiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily DealBiggerPockets StoreBiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew CushmanHow to Find Overlooked Opportunities in a Hot Market with Andrew CushmanAxiom MetricsCoStarALN Apartment DataApartments.comRent.comParks and Recreation (TV Show)David Greene's WebinarsDavid's InstagramAndrew's VisualsExample 1 (Spreadsheet File)Example 2 (Spreadsheet File)Example 3 (Spreadsheet File)Rent IncreasesLoss to LeaseDebt QuoteProperty TaxesRenovation Budget (Spreadsheet File)Connect with Andrew:Andrew's Linkedin ProfileAndrew's Company WebsiteCheck the full show notes here: https://www.biggerpockets.com/blog/real-estate-586See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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