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Can You Grow Wealth In Real Estate During A Global Pandemic? w/ Andrew Cushman
Manage episode 272871529 series 2794332
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The difference between those who have achieved success and those who have not comes down to how quickly you can pivot and course correct during times of extreme adversity and uncertainty.
Today, I speak with Andrew Cushman, who gives some crucial tips and strategies on how to steer through the storm we know as COVID-19.
Starting off with single family properties in the depths of the Great Recession, Andrew completed 27 single family flips, all of which were very profitable.
In 2011 Andrew transitioned to the acquisition and repositioning of multifamily properties, acquiring a mostly vacant 92 unit property on the other side of the country as a first deal.
That first property was eventually sold for several times its original purchase price, and Andrew now acquires B Class, value-add properties throughout the Southeast. In total, Andrew and his team have acquired and repositioned over 1,800 multifamily units to date.
Outside of the business world, Andrew has been a certified alpine ski instructor, and when not working in real estate, he enjoys surfing, backcountry skiing, and trying to not be outwitted by his two little boys.
On this episode of the #IAmMovement podcast, Andrew and I discuss how he transitioned from chemical engineer to becoming a top real estate investor with 1,800 units, why he decided to start reducing acquisitions in 2017, and how the stock market and real estate react differently when faced with an economic crisis.
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