Picking Markets, Strategies, and planning in Multifamily Syndication with Andrew Cushman

Andrew Cushman joins us to discuss the journey from full time employee to full time investor, and strategies he's used in real estate to build financial independence. He went full-time rather quickly, and has succeeded through and beyond the Great Recession. We discuss the state of the market today, how he's finding deals, and important lessons we can learn from this veteran of the real estate industry!

Quotes:

“There are no bad markets, just bad strategies."

"It took 4,756 phone calls to get our first deal"

"Relentless Persistence."

Get in touch:

www.VPAcq.com

Other Similar Episodes:

Passive vs. Active Investing for Financial Freedom with Hunter Thompson

Commercial Real Estate Investing Beyond Multifamily with Greg Dickerson

 Guest Bio:

Andrew Cushman has a BS in Chemical Engineering from Texas A&M University. After graduation, Andrew worked for a large food company for 7 years in a variety of supervisory positions. During that time, Andrew (joined by his wife in 2004) experimented with a variety of businesses in the hopes of making the jump from W-2 employee to entrepreneur. In 2007 Andrew discovered house flipping and left his corporate position to start a business in real estate investment. Starting off with single family properties in the depths of the recession, Andrew completed 24 single family flips (purchase, rehab, sell), 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 re-positioned 1,796 multifamily units to date. Outside of the business world, Andrew has been a certified alpine ski instructor and when not working in real estate enjoys surfing, backcountry skiing, and time with his family. Andrew is married with two children and resides in Southern California.

 

 

Taylor   0:03  

What's going on guys? Welcome to passive wealth strategies for busy professionals. Thank you for tuning in. Today our guest is Andrew Cushman. From vantage point acquisitions. Andrew is an extremely experienced real estate investor. He went full time in 2007 as a flipper, alright, so a lot of people started that way as a flipper, but many of them didn't make it to become full time investors and Andrew did, but he didn't stop there. He kept going. And in 2011 after the crash, he started buying large scale multi family real estate and became a syndicator. Over time he has done over 1800 that's 1800 multifamily units and built a significant portfolio and today he's going to talk to us about a lot of his experiences in building that business. And we're also going to learn his stance on the market today where we stand right now. A lot of people think That we're at the top and Andrew is going to tell us what he thinks about where we stand right now in the multifamily world as real estate investors as we are getting more into 2020. Once again, thank you for tuning in. Without any further ado, here we go with Andrew Cushman from vantage point acquisitions. Andrew, thank you for joining us today.

 

Andrew Cushman  1:25  

Glad to be here. Thanks for having me on.

 

Taylor   1:27  

happy to talk with you. You have a great track record. And just to break the fourth wall a little bit. We're talking on a Saturday at about quarter after 4pm. So you are a warrior. But can you tell our listeners about your real estate investing background and what you do in your business?

 

Andrew Cushman  1:45  

Yeah, I took the standard route into real estate and got a chemical engineering degree. Of course I knew at the time that that was just a placeholder something I could earn a decent income doing until I figured out what I really was going to do. I knew I wanted to be an entrepreneur. So I worked as an engineer for about seven and a half years, my wife and I figured out that flipping houses in Southern California was something that we could do and that that would that would work for us as a business. So 2007 flipped our first one, I quit my job and went into flipping full time. My wife joined me about two years later. And then after, as like 2009, we had a really good year 2010 we had a really good year. I said, this is great, but it's not going to last forever. What's going to be the next thing that's about to start a big upcycle and kind of said, well, all these people getting foreclosed on, and everyone's credits ruined, no one's gonna be able to buy a house for the next seven to 10 years, but they got to live somewhere. And the economy is going to start growing at some point so probably bodes well for apartments. So we went and found a mentor to learn that business from buying our first property in 2011 was 92 units out in Georgia on the other side of the other side of the country. And now I've been doing apartments full time since then done little over 1800 units and that's what we do day in and day out now.

 

Taylor   3:10  

That's awesome. Thanks for the summary. You are definitely a veteran of real estate investing and especially multifamily real estate investing and you know, we're talking a little bit late in the cycle so to speak, depending on who you ask. And I wanted to get your take on the state of the market right now and you know, the deals you see people doing, what you're doing with your business and kind of where you stand on maybe the next couple of years in the multifamily world.

 

Andrew Cushman  3:40  

Yeah, you know, deals that I see people doing I see a lot of deals that are being done because they can be done and not because they should be done. You know, there's a lot of capital chasing multifamily, both domestically and from our side, the country. Money Racing's gotten a lot easier than it used to be. So you have a lot of new or newer syndicators, chasing deals eager to get the first deal, and what that's leading to it. And also, we've had anyone who's only been doing it for five or six years, has only experienced the up part of the cycle, and not the Down Down part of the cycle. And what I'm seeing is a lot of assumptions being baked in to deals that at this late stage have a much lower chance of coming true, right? So five years ago, if you said, Hey, I'm gonna get rent growth of 3% for the next five years. Well, that was a pretty good bet back then, at this point in the cycle 10 years in when we're having, you know, we're reaching some areas in particular reaching problems with affordability right, so people can't afford the apartments anymore. The economy's been expanding for 10 years, you know, how likely is it that we're going to get market rent growth of 3% a year for the next five years or 10 years? It could happen right? But not so likely. So I see a lot of deals getting done that, you know, not necessarily for the right reasons or maybe incorrectly. But with that said, It is definitely not a time to just, you know, sit on your hands and watch TV for the next two years, wait for the next crash. It could because then you'll just end up doing nothing, right? You know, I remember talking to a guy four or five years ago who 's basically he's like, you know, I'm out it's too high is too hot, and I'm gonna wait for the crash. Well, that was four and a half, five years ago, and he's missed a whole lot of gains and profitability. So it just means, you know, now we have to change our strategy. And because, you know, there's no such thing as a bad market, just bad strategy. So now, what that means is being more selective about the markets that you go into, right, only pick markets that will do okay, in a recession where the main economic drivers won't be obliterated when we hit an economic soft spot. Try to appeal to demographics that will survive a recession. Okay. And you know, there's a lot of different just changes that you make. And and and also it just takes a lot of discipline they used to be, you know, you could look at 20 deals and Bible by now it's 200 and you still might not buy one. I mean, you could win the bid but the question is, is, you know, are you going to hit your proform if you do that. So it's just it's different, different, different strategy. And then also, you know, another reason to not just sit on the sidelines is there's going to be a soft spot or a dip at some point. But big big picture 10 2030 year picture, the the support and the growth and the tailwinds for multifamily are incredibly bullish and positive. So, you know, yeah, there may be a dip along the way. But if you you know, one of the beauties of real estate is if you can hold long enough, you can almost always win, right and then the final point I would make two is, expansions don't die of old age, Australia has gone I forget exactly either 26 or 28 years without a recession. I don't know if we have the deep fiscal and political discipline to do that here in the US. But it's possible. So

 

Taylor   7:05  

interesting. There's a lot in there. And you said about buying in markets that can weather economic storms, you know, you can certainly be curious about where you're buying but I'd like to really focus on the underlying principles that indicate to you that a market can weather an economic cycle. So what do you look for in a market when you're thinking about weathering a down cycle?

 

Andrew Cushman  7:34  

job growth and population growth are two big ones and in job growth, who want a very diverse job base right. So you can find out, say so take Midland, Odessa, Texas, right, it will go through incredible growth cycles when the price of oil is high, because that market is almost completely dependent on oil and fracking and drilling and all that kind of stuff. When so it can look fantastic. I mean, they're they're yours. You know, they had double digit rent growth and population growth and high no job, no one no, no and no oil workers didn't have places to live their living and campers and RVs. And so any apartment complex there was just doing amazing. And then the price of oil gets cut in half. And you know, all of a sudden vacancy goes to 30%. And prices dropped, people are losing properties to foreclosure. You know, that's the kind of market that's not diverse and it has a lot of boom bust cycles and has a lot of risk. a market that's going to typically do well in a recession would be places like Atlanta, and Dallas, where the job base is very diverse. It's not dependent on any one industry or job base right so like we're Midland Odessa is almost completely and I'm not knocking in the window does that that's actually that's just a different strategy. Remember, ISIS actually mentioned that before, right. So You do your time right? You do shadier, right? There's a lot of money to be made there. But if you're looking to buy and hold, you know, it's a little bit different. So like Dallas and Atlanta, very diverse job bases, you've got, you've got tech industry, you've got medical. And then on top of that you have above the national average job growth and population growth. So when a recession comes at some point, let's let you know, in job growth drops. If you're investing in a market that doesn't have job growth today, in the middle of a big boom, and then we hit a recession, well, now it's going to go negative, right? But if you're investing in a market that's got abnormally high job growth, and it hits a soft spot, it's going to go instead of instead of going negative, it might just go to slightly positive or flat, right. So you're increasing the odds that you're still going to have an economy that supports your investments. Also, those big primary markets that I mentioned, you know, there's more liquidity and terms of being able to buy and sell. There's a bigger renter base, you typically, you know, if you're buying BMC class stuff, there's a lot of a class properties in those markets in in when times get tough people move from a down to B. And then people also can move from B to C. And that's kind of the last rung in the ladder. Most people do everything they can to not go from C to D, right? And then if you're looking at when we're looking at smaller markets, now I can not a Dallas, not an Atlanta, but maybe, you know, a little market, haven't heard of secondary, tertiary market. We look for stuff that, again, is fairly recession independent, right. So that could be military education, government and healthcare. And we wouldn't want it to be all just, you know, like, for example, we try to stay away from, you know, properties and towns that are overly reliant on military not because the military is anything negative with that. It's just that if there's a huge deployment, or they close that base or something like then you can be in a world of hurt, right? So, yeah, so we want to look at job bases that are either likely to stay the same or even grow in debt in a down economy. And again, medicine is, you know, that's going to continue to go, we're growing an aging population, higher education, and then the recession, more people tend to just go back to school. Military, you know, that's pretty consistent. And then, you know, government, government jobs, you know, like, so like places like, for example, Columbia, South Carolina, it will not hit your list of boomtowns. But at the same time, there's a lot of government jobs there, and those tend to be pretty sticky stuff.

 

Taylor   11:39  

Okay. So when do you decide to stop looking at a good market? And then the reason I asked this question is because it's no secret that Dallas is very popular for multifamily investment right now. And there's a lot of underlying positive economic factors and all those great things that you just mentioned. But then A lot of people everybody knows about Dallas right now and the prices are high. So I don't know whether you're still looking at Dallas or not. But how do you decide when to maybe just put a market on the back burner despite it being a good market? The prices are just too high there and we're going to focus our time elsewhere.

 

Andrew Cushman  12:21  

That's an excellent point. And that gets to shifting strategy. Right. So yeah, we've sold everything that we had in Dallas Fort Worth, not because we believe it's a bad market. In fact, in the long term I think it's a great market. But because it's gotten so insanely competitive there that it was not an effective use of our time to try to compete right. So now there's some other syndicators and apartment buyers that I know I'm friends with that basically, you know, live in that area and are super well connected. They can still pry deals out of that super competitive mess and they have a lot of advantages that most of us will have. They can still do that. But, you know, that was a decision we made. So you know, this is a good market. But the problem is everybody across the entire planet knows it. And you're getting 20 3040 offers on a property. So just because it's a good market doesn't mean people aren't overpaying, right. And it also depends on what your goals are, if you're 1031, exchanging into a property that you're going to hold for 20 years, you know, I might not necessarily it might not necessarily matter. If you overpay a little bit today, if you're just putting, you know, putting yourself into a really good market. But if you're taking other people's money, and forming a syndication and investing it and you're going to need to give that back in 357 or 10 years, then it becomes a lot more important about you know, making sure you don't overpay that you get a good basis in the properties that you have exit options. If we get into a rough spot and 235 you know, whatever kind of year so, yeah, so markets that I feel like they're good markets, but they're overheated. Did I find time in terms of competition and pricing? I do, I will basically set it on the back burner and say, Hey, I may not come back here at some point. But I'm willing to look at other markets that exhibit the same qualities but maybe aren't getting so much attention right now where I can be more competitive.

 

Taylor   14:21  

What do you think about debt strategy because the the debt is really one of the biggest costs that we're going to pay are there our lender is our biggest investor. And a lot of multifamily investors might be taking bridge loans, short term loans to acquire their property, fix it up, and then they refinance to do a longer term note and as of a couple days ago, as a recording, the Fed just dropped rates again, but you can never predict the future. There you go. What do you think about debt strategy as we potentially but not for sure. Here. nose as we potentially approach a recession, what do you think about that?

 

Andrew Cushman  15:05  

That's Yeah, that's a very key piece. Because you know, you've got to buy it, buy it right, you gotta put the right debt on it, and you got to operate it right. And that's how you have a successful multi family investment. So, you know, a lot of us in the last three, four years thought we were really smart to put on long term 1012 year Fanny debt, because hey, interest rates are supposed to go up and this will be assumable. Well, yeah, that did not work out so well, because interest rates are down. And now all these Fannie and Freddie loans, if you want to if you want to pay it off, then there's a huge yield maintenance or prepayment penalty on these things, right. And so that actually has not worked out. As you know, we've been better off to do bridge or floating rate loans A few years ago, at this point in the cycle. You know, again, it really depends on what your plan for the property is, you know, if you're definitely going to hold for 10 years, then it might make sense to go ahead and just get that 10 years. But if you are going to if you're looking at three or five year, then locking in 10 year debt could actually end up, you know, come and come back to haunt you. And so really the key is, is less the type of debt and more so the amount of leverage, right? So we actually are going back to strongly considering blue bridge loans on a lot of properties. But when we're doing it, we're looking at, you know, a little bit lower leverage, like 6570, maybe 75% of cost, because then you have options, right. So, you know, really everyone's concerned about a recession. Well, what are interest rates do in a recession? Typically they drop and they drop significantly, right? So if we're, if you're thinking, hey, there's a recession in three years, well, then it would make sense to put a floating rate or bridge loan on the property. With the assumption that California recession interest rates are going to be lower and I can refinance into a lower rate. or sell without a massive prepayment penalty. And so the key to being able to do that is to not over leverage, right? So if you go into a property right now with 100% 90% leverage or some really high leverage point, that's where you can get into trouble if three, four or five years down the road, the valuations are not there. So you can't sell you can't refinance. Right? Okay, maybe interest rates go up, you know, they tend to do what everyone doesn't think they're going to do. So interest rates are higher, right? Well, if you came in was really high leverage, you might have trouble refinancing out, whereas if you go into it with lower leverage, then you still have the option of walking and interest rates are up a little bit, but that's okay, because I'm only trying to get to, you know, a low, fairly low LTV, you know, or same thing you want to do a cash out, refinance, go from that bridge to that agency debt. You know, and agencies might, you know, for example, the agency is completely locked up for about two months. You know, late this summer, they kind of hit their caps and they just basically stopped lending and it was great and One sense, it was great because we were everyone was kind of really concerned. But all the non agency lenders stepped in and filled the gap. So it was a sign that the market is super healthy on the debt side. But that may not always be the case, right? So if any if, you know, he says, if it's your turn to refinance or sell a property, and let's say the finance market is tight, you might need to do a loan at only 70% and not 80% when you go to refinance, and so if you went in with that lower leverage, then you'll be okay. So that's, you know, so it's not so you got to match that the debt with the timeframe of your property, and whether you're going to refinance or sell when you're going to do that. And then a little bit of Well, what do you think the markets are going to do? Is it going to go hit a soft spot or it's going to be down for rates, you know, they'll definitely be spikes along the way, but for the next five to 10 years, it's tough to envision an environment where they're dramatically higher unless there's some kind of Black Swan event or something, something that you know, is just would completely out of left field, which is usually what happens.

 

Taylor   19:07  

If you listen to Peter Schiff, then, you know, he'll tell you exactly why rates are going to go flying upward. But that might be a discussion for another day.

 

Andrew Cushman  19:16  

Yeah, he's predicted like 20 out of the last three recessions but you know, at some point at some point it we're definitely not on a sustainable path. Big you know, long term but for the next five to 10 years, we have a globalization and a deflationary lot of deflationary rate, you know, pressures around the world. So yeah, that'll be interesting. That's why again, the big thing is no one really knows. So plan multiple exit options. Yeah,

 

Taylor   19:46  

yeah, absolutely. So I'd like to get a more your perspective on what you've learned from watching your passive investors watching the investors in your deals. Go through their product. process, you know, both they probably invest with you and other syndicators. That's typically what I see is people passive passively invest in a number of syndicators deals. So what are some things that you've kind of learned along the way that separate, you know, the best performing of the most successful passive investors from the less successful investors because there's got to be some kind of, I don't want to say hierarchy, but but a ranking of people who find the best operators Find the best deals and earn the best returns passively, compared to people who don't do quite as well. So what have you observed in that regard?

 

Andrew Cushman  20:41  

Yeah, the most successful ones are the ones that take the time to understand what they're getting into and who they're getting into it with. And that doesn't mean they have to understand every nook and cranny of the business right? Because that's In fact you shouldn't have that's why your passive investor You know, you're you you're not looking to, you know, hunt deals full time, all day long you may have you may be a successful doctor, dentist, engineer, whatever, right? But you but you still have to have a basic understanding of what you're looking at so that you can look at a deal that someone sent you and be like, okay, these assumptions are a little too rosy. Or, you know, that return seems a little bit higher than what's kind of standard for the market today. Right so and then you'll be able to ask questions about things like you know, rent increases or expenses or just just just have a kind of a basic operating knowledge and the other one yeah is definitely get to know your sponsor a little bit. Most sponsors or syndicators that are you know, following sec regulations are going to, you know, want to have at least a short conversation with you as a passive investor. And, you know, because Really when it comes down to it, it's less about the deal and more about the sponsor or the operator because a, a bad sponsor can make the best deal go bad, right? But a really good sponsor can make a bad deal filtering out, okay? And so there's there's, there's, there's operational skill, market knowledge and then just also are they you know, a trustworthy, honest, ethical person. And there's no, there's no five point quiz for that, right? You just got to ask the right questions, get to know him a little bit, ask for other investor references, people who invested with them. And then you know, to actually talk to those references and then if you want to ask those references and say, Hey, who else do you know, right? Because then you're going to get a reference that wasn't handed to you, by the guy that you're talking about. You're trying to find out about you know, that that second level reference is going to be

 

you know, a very, you know, just a candid one

 

Taylor   22:59  

interesting Yeah, that's a that's a good point. I hadn't thought about that, that ask the referee or, or the ask that first level of reference for a second level of reference, and they might dig something up for you that the sponsor might not wanted it might not have wanted to tell you about.

 

Unknown Speaker  23:20  

Yeah, yeah, exactly. Yeah.

 

Taylor   23:22  

Cool. We're gonna take a quick break for our sponsor. Okay, Andrew, I have three questions. I asked every guest on the show. Are you ready?

 

Andrew Cushman  23:31  

Let's do it. All right.

 

Taylor   23:33  

What is the best investment that you've ever made?

 

Andrew Cushman  23:38  

You know, I mean, we we've had plenty of deals where we sold them for you know, I mean, bought, you know, sold them for two or three times what we paid for him but yeah, I'm going to say my best deal was the very first apartment complex that we did, because it wasn't certainly wasn't the most profitable, we may grip load of mistakes and The that was probably the most stressful six months of my life. But we learned a tremendous amount, a lot of the best practices that we have now came out of the mistakes that we made, you know, then by sitting down saying, Okay, let's not repeat that, how do we not do that again? How do we make it better? What kind of process Do we need to create? And then, you know, and it did end up me, we did end up still being profitable. We sold it for, gosh, two and a half times when we bought it for but we had to put a lot into it. So you know, I think we only made like a 30% profit. But without that first deal, you and I wouldn't be sitting here talking. Right? So my best deal was that first one, because we prove to our investors that even when a bunch of stuff goes wrong, we're still committed to dealing with it and fixing it and we still we still, you know, run a profit out of that thing and Then, you know, once you do once you do once you do the first deal, it's the second one gets a lot easier. And then the third, but getting to the three, that first one is the the biggest hurdle and it's the toughest thing to do, especially if you're going from zero to 100, which is which is what we did. So yeah, I say the best ones the first one, not because it was the biggest financial success because it was the start of the business.

 

Taylor   25:23  

Nice. I like that a lot. On the other side of that, what is the worst investment that you've ever made?

 

Andrew Cushman  25:30  

Interestingly enough, it was a syndication. And this was part of what drove my wife and I to to bet on ourselves and is back in I want to say 2005 or 2006. Somebody where I work said Oh, hey, I'm investing in this in this deal where they're, they're buying golf courses and developing houses in the Carolinas or whatever, right? And they're selling they're selling shares and and it was kind of a hybrid. Dang right there, like they're showing stare at selling shares in the LLC. And then they're going to go public with it right? And they're going to be listed on the NASDAQ. and the value is going to go from like three to 21. Right. And so you know, and they had some pretty pictures and some plans, and they had an office in Irvine, which is done here in Southern California. And so I didn't go to the office friend of mine did. And he's like, Yeah, it looks pretty good. And so we did not really look into it anywhere near as deep as we should have. And there were red flags that I'm like, but you know, the, the greed kind of overtook, and I ignored the red flags. And so we invested some money into this. And I remember, I kept seeing more red flags. And literally the day before, I was going to call and request my money back, the SEC came in, shut the whole thing down, froze all the accounts, and then after like three or four years of the SEC litigating. I think we ended up getting like 15% of our money back So that was that was an example of not vetting your sponsor. And ignoring your gut and ignoring red flags, and that's that's the worst real estate related investment ever made. Wow. Wow, I know of some people who are doing something very, very similar to that here in Virginia, in the Lynchburg area

 

Taylor   27:22  

in that timeframe. And I know it didn't work out I don't know the specific deal details, but it didn't work out. So I think there are quite a few people trying to do that. That type of a deal. Up and down. Yeah,

 

Andrew Cushman  27:37  

well, and these guys, these guys weren't even and it wasn't just that it wasn't like Oh, they did bad deals. They messed up there was literally a hybrid Ponzi scheme like they had a few they had a few deals to make it look legit, but they're basically bringing in new investors to pay off old ones and you know, all that kind of stuff. So

 

Taylor   27:56  

interesting. Well, that's no good. Gotta watch out for the Ponzi. schemes. My favorite question at the end of the show is what is the most important lesson that you've learned in investing?

 

Andrew Cushman  28:09  

relentless persistence. You know, when when I was an engineer trying to get into a single family home on flipping at the time pre foreclosures were spiking and so we went, how we were trying to flip houses is to reach out to people in pre foreclosure see if there's any way we could help them not get foreclosed on and then if there was no other option, we could buy that house for them. Right. So that involved me cold calling people which I was not good at. I was an engineer. So it took 4576 phone calls our first deal right and then once you know so and then that that started the flipping business and then when we bought the the the 92 unit, our first apartment complex, that was that ended up being absolutely brutal. It took us almost six months to you know, that was back, you know, we're just another recession people weren't people were still afraid and terrified of real estate. It was hard to raise $1.2 million to go buy that thing even though we had a fairly decent network and so that took incredible persistence, the the waterfall of problems and challenges we came across with that property, it you know, relentless just persisting and pushing through how do we solve this? How do we fix it? How do we make the most of the dollars that we have and then you know, so we had to come out of that deal years later at a with an actually have a nice property that was you know, paying dividends and then we sold out a good profit. So just relentless persistence to to continue through and especially to today's hot market you it takes, you gotta first need to look at a lot, a lot, a lot of deals to find one that's decent.

 

Taylor   29:45  

Wow, relentless persistence. I like that a lot. That makes a lot of sense. And it 's just the impressive number of phone calls to make to get that deal. So that's a great example that you set for us there. So if and thank you for all the lessons today if people want to learn more about you more about your business, all that, where can they get in touch with you?

 

Andrew Cushman  30:10  

You know, I'm on LinkedIn and bigger pockets. But to actually to really get in touch with me, the best thing to do is it's on our website, there's a Contact Us form, you know, or button and click that and just fill a little couple things out, go straight to my inbox. It's just vantage point acquisitions. And the web address is the short for Vantage p as in point and then a CQ short for acquisitions calm and that feel free to reach out and hopefully we can connect.

 

Taylor   30:36  

Awesome and the link will be in the show notes too, for anybody that missed it and doesn't feel like rewinding. So once again, thank you for everything today. I definitely appreciate all of your insight into the changes in the market and especially the discussion about the thought process about debt was definitely very illuminating as well. So thanks coming on the show.

 

Andrew Cushman  31:01  

All right, glad to be here. Take care.

 

Taylor   31:03  

Thank you for tuning in everybody. I hope you have a great rest of your day and a great week and if you're enjoying the show, please leave us a rating and review on iTunes would be a very big help if you know anyone that could use a little bit more passive wealth in their lives. Please share the show with them and bring them into the fold. Once again. Have a great day. Have a great rest your week and we'll talk to you on the next episode of passive wealth strategies for busy professionals. Bye bye

 

This episode is brought to you by Roofstock, the world’s largest residential real estate investing marketplace. Open an account for free and start browsing turnkey investment properties today.

We are also supported by You Need a Budget. YNAB is a different kind of personal financial tracking company. They’ll help you track and plan your money with your priorities in mind. Open your trial account today and give it a shot!

About the Host

Taylor on stage

Hi, I’m Taylor. To date I’ve acquired or partnered on over $250 Million in Commercial Real Estate Investments. I help busy professionals invest in multifamily and self storage real estate through my company NT Capital

Not Sure How to Tell a Good Deal from a Bad Deal?

Learn 7 Red Flags in Passive Real Estate Investing

Free 7 Day Video Course

Real Listener Reviews

Extremely useful podcast
Extremely useful podcast
@thehappyrexan
Read More
Short, impactful with excellent guests. If you have a full time W-2 job or business and are looking for ways to get involved in real estate on the side, this is for you.
Simple & effective information!
Simple & effective information!
@jjff0987
Read More
This podcast is worth listening to for investors at all levels. The information is simplified for the high level investors but detailed enough to educate seasoned investors about nuances of the business. I recommend!
Awesome Podcast!!!
Awesome Podcast!!!
@Clarisse Gomez
Read More
The host of Passive Wealth Strategies for Busy Professionals podcast highlights all aspects of real estate investing and more in this can’t miss podcast! The host and expert guests offer insightful advice and information that is helpful to anyone that listens!
Great podcast!
Great podcast!
@Owchy
Read More
Love all the information and insights from Taylor and his guest. Fun and entertaining. Highly recommend.
Previous
Next

Popular Posts