#35 Andrew Cushman: Value Adds & Resident Retention in Multi-Family Investing

November 1, 2020

“You don’t have to figure out anything new. It’s all been done before by lots of people. Just find a way to learn how someone else has already succeeded in what you want to do then copy that.” -Andrew Cushman 

 

Today I am interviewing Andrew Cushman who is an investor in multi family syndication as well as provides high-yield multifamily investment opportunities to accredited investors. He is the founder of Vantage Point Acquisitions, has presented at my FIBI Pasadena Multi Family meeting, and is a frequent guest on the Bigger Pockets podcast. 

Andrew Cushman: Graduated with a degree in chemical engineering, but soon realized he wanted a different way to earn income. After a few failed attempts at creating small business ideas, Andrew and his wife started flipping houses in 2007. They managed to successfully remain in real estate during and after the 2008 crash. Four years later in 2011 they began working in apartment syndications. Nine years later Andrew has acquired 1800 multifamily units and teaches a Mastermind Accelerator course that educates and prepares investors for the world of multi family real estate investing. 

 

TOPICS COVERED IN THE EPISODE

  • Single family vs multi family  
  • From flipping to syndication 
  • Class B
  • Rental comparables and how to find them 
  • Curb appeal and landscaping 
  • Resident retention 
  • Management play 
  • The Ripple Effect
  • Ray Dalio
  • No class c’s on your first deal
  • Service income stream 
  • How much value can you create
  • Due diligence on acquiring multi family units 
  • Why 350 units are too much 

 

Listen now and find out how Andrew found his 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 week and learn everything you need to know to invest in real estate education and create real wealth for a lifetime.

 

Find out more about Andrew here: 

LinkedIn Andrew Cushman

Website www.vpacq.com 

Podcast: Play in new window | Download