FBF #727: The Lessons Learned After Buying a Mostly Vacant 92-Unit Apartment Building as His Very First Multifamily Deal
Real Estate Investing for Cash Flow with Kevin Bupp
Kevin Bupp
4.9 • 675 Ratings
🗓️ 5 April 2024
⏱️ 61 minutes
🧾️ Download transcript
Summary
Today's Flash Back Friday episode is from #116 that originally aired on Jun. 14, 2016.
Our guest for this week’s show is Multifamily Investor and full-time syndicator, Andrew Cushman.
In today’s show, we’ll be speaking with Andrew in detail about how he went from being a full-time chemical engineer to a full-time multifamily syndicator who has amassed 1,470 doors in just over 5 years.
Andrew will share with us intimate details on his first deal, which was a 92-unit apartment in Macon, GA that was 75% vacant and the lessons he learned from this first experience. He will also share the exact systems and processes that he uses to find deals in todays marketplace so that you can replicate these same ideas in your own business. Andrew’s story is both inspirational and motivating as it truly shows what true grit and raw determination can afford us in this business. I’m positive that you’ll enjoy and gain huge amounts of value from our show today.
In this show with Andrew you’re going to learn:
- How Andrew transitioned from being a chemical engineer to a full-time fix and flip real estate investor before deciding to focus on syndicating multifamily properties.
- Learn about the trials and tribulations he experienced with his first multifamily deal, which was a 92 unit property in Macon, GA which was 75% vacant at the time of purchase and more than 2,700 miles away.
- How he was able to continue to thrive as an investor, even during the downturn of 2007 and 2008.
- How he found his first mentor who trained him in the multifamily space.
- How he found funding for his first multifamily deal through the relationships he had built while fixing and flipping residential homes.
- Why he’s attracted to the Southeastern states and feels there are multiple secondary and tertiary that are experiencing positive growth.
- What underlying fundamentals Andrew looks for in the markets he invests in. For example; population, median house prices, median incomes, crime rates, job growth, etc and which websites he uses to perform this research.
- The step-by-step process he goes through to find high quality property management companies in markets where he has no presence or existing relationships.
- What relentless persistence means to Andrew and how it took him 4,576 calls to get his first deal.
- And much more
☑️ Recommended Resources:
Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com
Self DirectedIRA Investment Opportunity–Click Here: https://www.advantaira.com/partners/s... To Learn More About How You CanInvest With Us Through Your SDIRA
Accredited Investors Click Here: https://sunrisecapitalinvestors.com/ 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
Click on a timestamp to play from that location
| 0:00.0 | Welcome to this week's edition of Flashback Friday. |
| 0:05.0 | It's your opportunity to get some good review by listening to episodes from the past that Kevin is handpicked to help you along your investment journey. |
| 0:13.0 | If you'd like to partner with Kevin and join his team at Sunrise Capital Investors, head to Invest with Sunrise.com to learn more. That's invest with sunrise.com. |
| 0:23.6 | Enjoy the show. You've been searching for the best way to generate passive income in your life |
| 0:32.0 | and heard that real estate is a great way to do it. But you're tired of all the so-called gurus who are all talk and no substance. |
| 0:40.6 | Get ready to celebrate because Kevin Buck has spent 14 years successfully making it happen. |
| 0:47.2 | This is the Real Estate Investing for Cash Flow podcast. |
| 0:50.7 | Now, here's Kevin Bub. |
| 0:55.5 | Hey guys, Kevin Bup here with episode number 116 of the Real Estate Investing for |
| 1:00.3 | Cashflow podcast. |
| 1:01.9 | Our mission is to help you build and maintain massive amounts of cash flow through |
| 1:05.8 | income producing real estate investments. |
| 1:08.5 | Our guest for this week's show is multifamily investor and full-time syndicator Andrew |
| 1:13.5 | Cushman. |
| 1:14.5 | And in today's show, we're going to be speaking with Andrew in detail about how he went from |
| 1:18.4 | being a full-time chemical engineer to a full-time multifamily syndicator who has amassed |
| 1:24.0 | 1,470 doors in just over five years. And Andrew is going to share with us the |
| 1:30.1 | intimate details of his very first deal, which was a 92 unit apartment in Macon, Georgia, |
| 1:35.6 | that was 75% vacant and the lessons that he learned from this very first experience. He also |
| 1:42.2 | shared the exact systems and process that he used to find deals in today's |
| 1:46.1 | marketplace so that you too can replicate these same ideas in your own business. |
| 1:51.3 | And Andrew's story is both inspirational motivating as it truly shows what true grit and |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Kevin Bupp, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Kevin Bupp and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.