170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 14 April 2016

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this inspiring episode of the BiggerPockets Podcast, we sit down with real estate entrepreneur Andrew Cushman to learn how he went from a full-time job as a chemical engineer to a house flipper and finally a real estate syndicator, buying over 1400 units in less than a decade. You’ll learn how Andrew finds deals, manages the rehabs on a large scale, raises money for large apartment purchases, and more. Don’t miss a moment of this powerful show! In This Episode We Cover: How Andrew started as a chemical engineer — then got into investing Why he trusted his mentor from the outset How many flips he has done so far Tips for scaling from 0 to 24 flips in 5 years The details of his first flip A discussion on buying pre-foreclosure properties The story of making 4,575 phone calls before getting his first deal The importance of believing in yourself and believing in the system How Andrew has flipped 24 properties and 1,470 apartments How he made money on the first flip How to scale by building a system How to find pre-foreclosed deals The best flip he’s ever completed Tips on weird houses His first apartment deal Why he doesn’t recommend a heavily distressed deal The difference between single family and multifamily properties How to become a “sophisticated investor“ How he find apartment deals And SO much more! Links from the Show Webby Awards Bloomberg DowJones HarvardBusiness Wired Forbes CNN Money BiggerPockets Calculators Foreclosure.com PropertyRadar Realtytrac How to Buy a Foreclosure : The Comprehensive Guide to Buying a Foreclosed Home General Foreclosure & Pre-Foreclosure Forums BRRRR Strategy GoBundance BP Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod BP Podcast 166: How Modeling Greatness Can Get You To 100+ Deals with Matt Aitchison BP Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene 1 Life Fully Lived Organization Slack Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki The One Thing by Gary Keller and Jay Papasan The E-Myth Revisited by Michael E. Gerber Emerging Real Estate Markets by David Lindahl Multi-Family Millions by David Lindahl Start with NO by Jim Camp Tweetable Topics: “This system will work so I’m going to make it work.” (Tweet This!) Connect with Andrew Andrew’s BiggerPockets Profile Andrew’s Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Podcast, Show 170.
0:05.0	And on our first flip, we basically made as much as I made all year at my job.
0:09.0	You're listening to Bigger Pockets Radio,
0:12.0	simplifying real estate for investors large and small.
0:15.6	If you're here looking to learn about real estate investing without all the height, you're
0:19.6	in the right place.
0:21.4	Stay tuned and be sure to join the millions of others who have benefited
0:25.0	from bigger pockets.com. Your home for real estate investing online.
0:30.3	What's going on everybody? This is Josh Dorkin, host to the BiggerPockets podcast here with my co-host, Mr. Brandon Turner. What's up?
0:38.0	Hey, not much. What's up with you? You know, excited about today's show phenomenal phenomenal show I'minal
0:46.0	excited about something else that we learned about today which I think is a great
0:50.6	honor for bigger pockets we were named an honoree by the 20th annual
0:55.3	webby awards for the business website category which is pretty cool for those
1:00.3	people who don't know what the webbies are it's literally like the
1:03.1	Oscars for the internet and we're listed with Bloomberg Dow Jones Harvard
1:07.4	Business Review wired Forbes CNN money bigger pockets I mean you know
1:12.3	it's it's yeah that's a big honor.
1:15.0	So congratulations I'm being an honor
1:18.2	congratulations to bigger pockets that's it's pretty sweet. Fancy.
1:23.0	Yeah, next year we want to be top five so we can attend the show and get in.
1:28.0	So if you're on the Webby committee or whatever it takes to get us in there, help us out guys, come on. Yeah Yeah I don't even know how that's all done but whatever. I don't know. We just paid a couple
1:37.0	hundred dollars. I don't know we did. We should have like an award show for like real estate investors you know? Oh yeah that's a great thing. Biggest
	...

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