#393: Self-Storage, Ground-Up Development, and so much more!- with Andrew Abernathy

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 7 February 2022

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Andrew Abernathey is a real estate investment and self-storage expert.

Andrew is the Chairman & Founder of Abernathey Holdings, a Class A self-storage development firm that has capitalized on vertical integration from inception to completion and all the way through to the day-to-day operations. Andrew began investing at the age of 13 with only $4,000.00. Now, at age 27, he has turned that $4,000.00 into an investment company with more than $100 million in assets.

Quote:

“The other thing is competition and land-lock. I’m okay with spending 20% premium to make sure there’s not a bunch of ground around us that can come in and compete.”

“We are in the land business it just so happens that our storage facilities might sit on these for 100 years, but really it’s the land…I just need to make sure that all the decisions that are made, at the end of the day, it’s the dirt that lasts.”

Highlights:

01:47 - Andrew tells listeners more about his background in real estate.

06:33 - Andrew dissects one of his first deals and when he first started investing.

10:14 - Andrew discusses the reasoning why he created his own brand.

12:00 - Andrew talks about his company’s decision to run with a national brand.

18:07 - Andrew provides insight into his company’s long-term plan.

23:06 - Andrew offers some advice to his younger self.

25:06 - Andres dives into the other company’s he has vertically integrated into his public storage development company.

Guest Website:

http://www.andrewabernathey.com/
https://abernatheyholdingco.com/

Recommended Resources:

Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com
Self Directed IRA Investment Opportunity –  Click Here To Learn More About How You Can Invest With Us Through Your SDIRA
Accredited Investors  Click Here  to learn more about partnering with me and my team on Mobile Home Park deals!
Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them MobileHomeParkAcademy.com
Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it.
0:09.5	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.3	Get ready to celebrate because Kevin Bup has spent 14 years successfully making it happen. This is the real estate investing for
0:23.6	cash flow podcast. Now, here's Kevin Bup. Hey guys, Kevin Bup here, and I want to welcome you to
0:32.1	another episode of the Real Estate Investing for Cash Flow podcast. Our mission is to help you build
0:36.3	and maintain massive amounts of cash flow through income producing real flow podcast. Our mission is to help you build and maintain massive amounts
0:37.9	of cash flow through income producing real estate investments. Our guest for this week's show is
0:42.4	real estate investment and self-storage expert Andrew Avernathy. Now, Andrew is the chairman
0:47.0	and founder of Abernathy Holdings, a class-a self-storage development firm that is capitalized on
0:51.3	vertical integration from inception to completion all the way
0:54.6	through the day-to-day operations. Now, Andrew began investing at the age of 13 with only $4,000 and
1:00.6	now at the age of 27. He has turned that $4,000 into an investment company with more than $100 million
1:06.3	in assets. So with that, guys, I'm excited to have Andrew with us here today. Andrew, how you
1:11.7	doing, my friend? Good. How you doing? I appreciate you have me on. Yeah, excited to have you here.
1:16.4	Excited to chat with you about your business and the good, the bad, the ugly and everything in between.
1:20.4	So hopefully there's not too much an ugly and in between there. It's all good, right? But in any event, Andrew, what I'd love to do here for those
1:28.2	folks that aren't familiar with you that don't know of you, take a few minutes. I gave you a very
1:32.5	brief, brief introduction. Maybe take a few minutes. Tell us a little bit more about your background.
1:37.5	Obviously, got started investing at a really early age, which is fairly unique in a lot of itself.
1:42.1	So tell us a little bit about you, your background, and how you found your way into the real estate world. Yeah. So my family's been involved in the
1:48.7	farming community since the early 1900s. We've been farming since then. I was actually the first
1:54.7	of our family line to actually branch out into something other than farmland. I started out, you know,
	...

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