Episode 120:
“I don’t think we’ve ever purchased something that was listed since 2015 or 16” is a testament to how important building relationships can be in this industry so today, we talk to our guest Andrew Cushman, founder and principal at Vantage Point Acquisitions. His passion drives him forward in entrepreneurial endeavors but his easygoing, friendly spirit is what builds lasting friendships with his investors and business partners. He shares his relationship building process, and the role it plays in furthering his business
Andrew 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 investment, 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 2,500 multifamily units. He is a frequent guest and panelist on Real Estate podcasts and educational forums. 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 to not be outwitted by his two young children.
For today’s episode we will cover:
[ 00:00 – 07:00 ] Guest Intro: Andrew Cushman
- Andrew’s Background
- The next big thing and what builds lasting income and wealth
- Markets diversified in and where time and effort goes
[ 07:00 – 23:24 ] Go deeper in a smaller area
- Building relationships
- Relationship building process
- New strategies for this market cycle
[ 23:24 – 39:07 ] Structuring your debt properly
- Mistake that sponsors and passive investors make
- Instead of competing on price compete on execution
- This is not gonna lead to a crash or widespread price declines
[ 39:07 – 41:22] We’ve lost the certainty and stability
- What’s on the horizon and Vantage Point Acquisition
[ 41:22 – 44:46 ] What Andrew likes to do to further his education in investing
- Is there one event that changed the course of your trajectory?
- Advice that will help listeners grow their real estate businesses
Tweetable Quotes:
Connect With Guest:
Website: https://www.vpacq.com/
LinkedIn: https://www.linkedin.com/in/AndrewCushmanVPA/
YouTube: https://www.youtube.com/channel/UCr_PLJ2AoRH6PNc7Zi27XPA
Instagram: https://www.instagram.com/vantagepointacquisitions/?hl=en
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Cody Laughlin
LinkedIn: https://www.linkedin.com/in/cody-laughlin-35067660/
Facebook: https://www.facebook.com/cody.laughlin.543
Instagram: https://www.instagram.com/codyblueoakcapital/?hl=en
John Batey
