151. The Art of Buying Right in a Down Market with Andrew Cushman

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 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 Syndicator Partnership with Vantage Point acquisitions His big mistake early on Typical hold time for assets Which location do they focus on buying assets?  Their target buy box Finding deals and underwriting Building relationships with brokers How do they approach capital raising? About the 80-unit Deal in Carrolton Georgia How did they find it and why did they pursue it? Value Add plan and stabilization of the property Buying right even with a down market Connect 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.com LinkedIn: 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