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WS100: The Art of Syndicating Difficult Deals and Unlocking Hidden Value with Andrew Cushman

real estate syndication, real estate deal, real estate investing

Summary:

Andrew Cushman, Principal/Manager, Vantage Point Acquisitions, LLC shares some expert strategies for finding and repositioning value add properties recession proof properties in syndication.

Andrew explains how he got started in the syndication business. You will learn how you can build credibility with your brokers even if you have no track record. How do you syndicate a particularly difficult real estate deal? How do you find value add properties in recession-proof markets? Andrew shares how he managed to attain a 300% ROI on a recent deal. For all this and much more, tune in to our latest show!

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Time Stamped Show Notes:

  • 00:29 – Whitney introduces Andrew to listeners
  • 01:30 – Why did Andrew transition from fix and flip to multifamily syndication?
  • 02:25 – Why did Andrew syndicate his first real estate deal?
  • 02:51 – Andrew reveals how he found his first real estate deal in Macon, Georgia
  • 03:58 – Tips and Tricks for presenting yourself  to real estate brokers, and have them take you seriously
  • 05:55 – How did Andrew raise capital for his first syndication deal?
  • 07:52 – Should you attempt to self-manage your real estate property located in another state?
  • 08:38 – Is your renovation budget likely to shoot up if you invest in a property that has been lying vacant for a long time?
  • 10:00 – Did Andrew attempt to renegotiate his buying price after discovering that the property required extensive repairs?
  • 10:41 – Main factors that helped Andrew increase the value of his investment multiple folds
  • 11:08 – Andrew reveals how partnering with the local community helped him immensely in his rehab efforts
  • 12:19 – How did Andrew gain the confidence to syndicate a particularly difficult deal?
  • 13:24 – Andrew shares how he managed to grow his $2.4 million investment in a 122 unit property to $7.1 million
  • 14:37 – What is the likelihood of finding a multi-bagger real estate deal in the current market conditions?
  • 15:12 – Andrew reveals his methodology for discovering real estate properties with a hidden and unlocked value
  • 16:20 – How to discover a recession-proof real estate market
  • 17:53 – Are you more likely to come across a poorly managed property in an area with lower median income?
  • 18:59 – Andrew has some great advice for inexperienced investors who are planning on venturing into syndication
  • 20:43 – What has been the most challenging aspect of the syndication business for Andrew?
  • 21:37 – Which has been the most important attribute that has contributed to Andrew’s success?
  • 22:25 – Some ways which have helped Andrew greatly improve his business
  • 23:12 – How an investor portal can help you keep a track of your investments
  • 24:25 – Andrew shares his contact information
  • 24:51 – Schedule a call with Whitney now!
  • [spp-timestamp time=”25:14″] – A Special Thanks to our sponsor, Life Bridge Capital

In this episode, you will learn

  1. Tips and Tricks for building credibility with real estate brokers even when you have no track record
  2. The ART of discovering a recession-proof real estate market
  3. Strategies for finding a real estate property with hidden value, and turning it around so that your investment grows many fold

Resources

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Syndication Show Community:
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