Profiting On the Build-to-Rent Boom with Andy McMullen, Ep. 574

Multifamily Insights

English - January 16, 2024 11:00 - 34 minutes - 79.7 MB - ★★★★★ - 207 ratings
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Previous Episode: Deal Not Performing? Do this Next with Richard Crouch, Ep. 573

Next Episode: How She Paid Off $1 Million in Personal Debt with Naseema McElroy, Ep. 575

Andy McMullen is a seasoned professional in the real estate industry with over 20 years of experience in investing and asset management. Specializing in Horizontal Multifamily, he is at the forefront of developing build-to-rent communities across the United States.

Andy's focus extends to Multifamily Real Estate Investment, particularly in emerging markets. As the founder, he leads a dedicated team serving California real estate investors seeking opportunities beyond the state borders. The primary objective is to provide a white-glove investor experience, and Andy achieves this by partnering with top operators nationwide. Through strategic collaboration, he deploys a fund that not only supports operators in their equity raises but also ensures investors receive the best possible experience throughout their investment journey.

In this episode, we talked to Andy about Legacy Acquisitions, their current work and projects, build-to-rent development and its profit potential, things to consider before investing in a likely project, and much more.

Announcement: You can join the Apartment Investing Mastermind here.

Build-to-rent Development;

02:13 Andy’s background;

04:03 An insight on Legacy Acquisitions;

11:15 What Andy and his team work on at the moment;

21:16 How the profit potential looks for build-to-rent development;

24:29 What to consider before investing in a project;

26:41 Round of insights

Announcement: Download Our Sample Deal and Join Our Mailing List

Round of Insights

Apparent Failure: One of his deals that was done almost 20 years ago, on which he didn’t have a good relationship with the property manager.

Digital Resource: Monday.

Most Recommended Book: The Hard Thing About Hard Things.

Daily Habit: Wake up early, exercise, and read.

#1 Insight for build-to-rent investing: Trusting yourself and your instincts.

Best Place to Grab a Bite in San Diego, CA: Any restaurant on Oceanside Boulevard.

Contact Andy:

E-mail: [email protected]

Website: https://legacyacquisitions.com

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.