JF 3864: LP Red Flags, Market Trends, and Multifamily Wins ft. Andrew Cushman

The Best Ever CRE Show

Best Ever CRE

Realestatepodcast, Entrepreneurship, Business, Realestate, Investing, Realestateinvesting, Realestateinvestingpodcast

4.8 • 983 Ratings

🗓️ 3 April 2025

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of the Best Ever CRE Show, Pascal Wagner interviews Andrew Cushman, founder of Vantage Point Acquisitions. Andrew shares his journey from chemical engineer to successful multifamily investor, highlighting how he transitioned from flipping homes to acquiring nearly 3,000 multifamily units across the Southeast. He breaks down his firm's buy box strategy, emphasizing the importance of management value-add, demographic targeting, and property size for operational efficiency. The conversation also explores how LPs can vet operators more effectively, the significance of operator SOPs, and a deep dive into the current trend of preferred equity raises and their implications for passive investors. Andrew Cushman Founder/Principal Based in: Southern California Say hi to them at www.vpacq.com www.linkedin.com/in/andrewcushmanvpa Capital Gains Tax Solutions vikingcapllc.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	One of the most common questions I get from LPs is what does a great operator actually look like?
0:14.8	And in this series, as part of interviewing all different types of operators, I wanted to kind of give you a behind-the-scenes look at different operators in the space, how they think and how they run their businesses.
0:26.0	And today's guest is Andrew Cushman, someone who I've been really impressed with, so impressed
0:31.9	with that I hired him as my real estate coach a few years ago. And after kind of seeing how thoroughly documented
0:39.4	his underwriting and deal evaluation processes, I had to bring him on the show for you to be
0:45.8	able to listen in and kind of understand how a player deep in this space thinks. And you can get to
0:52.5	know Andrew and decide if he's a good fit for someone
0:55.7	you would like to invest with or not. So Andrew is the founder of vantage point acquisitions,
1:00.9	a firm focused on acquiring, repositioning, and operating B-minus to A-class multifamily
1:08.2	properties throughout the Southeast. Since 2011, he's been investing in
1:12.1	markets like Florida, Georgia, and Texas, where he's successfully syndicated and repositioned
1:18.2	close to over 2,900 units, as he'll tell us a little bit more about today. And he started his
1:24.4	career in flipping single-family homes before eventually graduating and moving on to multifamily.
1:30.3	So I'm excited to have him here.
1:32.6	He, you know, he's got a stellar track record that many people I know have invested with him and have been excited about both the returns and the communication and his approach.
1:42.5	And so I wanted to share a little bit more about what that
1:45.5	looks like with you today. So welcome, Andrew. Glad to be here, Pascal. Good to talk to you again.
1:51.8	Hell yeah. So, Andrew, I was just for everyone who's listening, you know, I gave a little bit of an
1:57.6	intro to you, but I wanted to start out with maybe a little bit of your
2:01.6	story so that people understand how you started as, you know, maybe a chemical engineer to
2:08.1	getting to the point where you're flipping multifamily homes. And then we can dive into strategy
2:12.8	and market takes and all that kind of stuff. Yeah. So that's, I like you said, I took the standard
	...

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