🔥 On this Real Estate Hustlers Podcast episode, we talk with Andrew Cushman, a former chemical engineer who transitioned from flipping homes to syndicating multifamily properties. Andrew manages over 2,700 units and is also a ski instructor and surfer. He enjoys spending time with his family and outdoor ventures.

Andrew started as an engineer and discovered house flipping in Southern California. In 2010, he realized that the rental pool would be strong due to the recession, so he hired a mentor and learned the apartment game. He has been doing multifamily full-time since 2011.

Career History:
- Chemical engineer for 7 years
- House flipper in Southern California (flipped around 30 houses over 4-5 years)
- Transitioned to multifamily syndications in 2011, focusing on value-add opportunities

What actionable value will you provide to our listeners?
Andrew provides insights into his journey from house flipping to multifamily syndications, lessons learned from his first and most challenging deals, and advice for those interested in getting started in multifamily.

Key Takeaways:
- Don't try to time the market; start now in multifamily if you're interested in long-term investment.
- Buy properties in growing sub-markets with population and job growth, properly capitalize them, and manage them well.
- Focus on net cash flow, renewal rates, and occupancy as key performance indicators.
- Consider a hybrid model of third-party property management with close asset management oversight.
- Learn from mistakes and challenges, but don't get stuck in rough neighborhoods or properties that continually drain resources.
- Structure investments and debt appropriately for long-term success, regardless of interest rate fluctuations.

Connect with Andrew :
LinkedIn: http://www.linkedin.com/in/andrewcushmanvpa

Visit us at:
Investor Portal: https://appelmangroup.investnext.com/
Website: https://lnkd.in/g66wqQ7g
Linkedin: https://lnkd.in/g2Fu2BZD
Facebook: https://lnkd.in/gVjbUi3p

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