From a Mostly Vacant 92-Unit Apartment Building to a 2000 Unit Portfolio - with Andrew Cushman | TLS148

The Lead Sponsor - Real Estate Investing Through Syndications and Funds

English - December 08, 2021 07:00 - 33 minutes - 22.8 MB - ★★★★★ - 55 ratings
Investing Business Entrepreneurship david robinson real estate investing apartment investing multifamily investing apartment syndication multi-family syndication cashflow investing multifamily apartments Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: AIJ147: From Firefighter Veteran to Managing a $100 M Private Equity Fund - with Dave Seymour

Next Episode: AIJ149: The Formula for Raising Private Money from your Current Network - with Dave Dubeau

Andrew took the traditional path into real estate and got a chemical engineering degree. In 2007 he left engineering to flip houses full time, and then seeing huge opportunity in apartments, transitioned full-time to multifamily in 2011. His first deal was a mostly vacant 92 unit property on the other side of the country, and since then has acquired 2,350 units across the Southeast U.S.

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WE DISCUSS:

How he was able to leave his full-time job as an engineer.The reasoning behind their transition to apartment investing.How he got his first deal.The challenges of raising a fund.What his business looks like today.Their business milestones.The importance of setting business goals.His learnings on building a team.His biggest challenge.His biggest win.His best advice for someone just starting

KEY QUOTE:
“The good news for anyone listening today is raising money is far far easier than it was back then - both in terms of people’s willingness and interest in apartments and also in terms of your ability to reach people.”

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