Picking Markets, Strategies, and planning in Multifamily Syndication with Andrew Cushman

Passive Wealth Strategy Show - Real Estate for Busy Pros

Andrew Cushman joins us to discuss the journey from full time employee to full time investor, and strategies he's used in real estate to build financial independence. He went full-time rather quickly, and has succeeded through and beyond the Great Recession. We discuss the state of the market today, how he's finding deals, and important lessons we can learn from this veteran of the real estate industry!

Quotes:

“There are no bad markets, just bad strategies."

"It took 4,756 phone calls to get our first deal"

"Relentless Persistence."

Get in touch:

www.VPAcq.com

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Guest Bio:

Andrew Cushman has a BS in Chemical Engineering from Texas A&M University. After graduation, Andrew worked for a large food company for 7 years in a variety of supervisory positions. During that time, Andrew (joined by his wife in 2004) experimented with a variety of businesses in the hopes of making the jump from W-2 employee to entrepreneur. In 2007 Andrew discovered house flipping and left his corporate position to start a business in real estate investment. Starting off with single family properties in the depths of the recession, Andrew completed 24 single family flips (purchase, rehab, sell), all of which were very profitable. In 2011 Andrew transitioned to the acquisition and repositioning of multifamily properties, acquiring a mostly vacant 92 unit property on the other side of the country as a first deal. That first property was eventually sold for several times its original purchase price, and Andrew now acquires B Class, Value-add properties throughout the Southeast. In total, Andrew and his team have acquired and re-positioned 1,796 multifamily units to date. 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 time with his family. Andrew is married with two children and resides in Southern California.