On this inspiring episode of the BiggerPockets Podcast, we sit down with real estate entrepreneur Andrew Cushman to learn how he went from a full-time job as a chemical engineer to a house flipper and finally a real estate syndicator, buying over 1400 units in less than a decade. You’ll learn how Andrew finds deals, manages the rehabs on a large scale, raises money for large apartment purchases, and more. Don’t miss a moment of this powerful show! Click here to listen on iTunes. Listen to the Podcast Here Watch the Podcast Here Help Us Out! Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thanks! We really appreciate it! This Show Sponsored By We just wanted to give a shout out to our podcast sponsor on today’s show: RealtyShares. RealtyShares is a crowdfunding platform that allows you to invest in professionally managed properties without leaving your living room! Learn more by visiting RealtyShares.com/biggerpockets! Fire Round Sponsor Check out SimpliSafe Security’s DIY home security systems; an affordable, wireless, cellular, and customizable system that doesn’t require a contract! Try it today with a discount: simplisafepockets.com/ In This Episode We Cover: How Andrew started as a chemical engineer — then got into investing Why he trusted his mentor from the outset How many flips he has done so far Tips for scaling from 0 to 24 flips in 5 years The details of his first flip A discussion on buying pre-foreclosure properties The story of making 4,575 phone calls before getting his first deal The importance of believing in yourself and believing in the system How Andrew has flipped 24 properties and 1,470 apartments How he made money on the first flip How to scale by building a system How to find pre-foreclosed deals The best flip he’s ever completed Tips on weird houses His first apartment deal Why he doesn’t recommend a heavily distressed deal The difference between single family and multifamily properties How to become a “sophisticated investor“ How he find apartment deals And SO much more! Links from the Show Webby Awards Bloomberg DowJones HarvardBusiness Wired Forbes CNN Money BiggerPockets Calculators Foreclosure.com PropertyRadar Realtytrac How to Buy a Foreclosure : The Comprehensive Guide to Buying a Foreclosed Home General Foreclosure & Pre-Foreclosure Forums BRRRR Strategy GoBundance BP Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod BP Podcast 166: How Modeling Greatness Can Get You To 100+ Deals with Matt Aitchison BP Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene 1 Life Fully Lived Organization Slack Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki The One Thing by Gary Keller and Jay Papasan The E-Myth Revisited by Michael E. Gerber Emerging Real Estate Markets by David Lindahl Multi-Family Millions by David Lindahl Start with NO by Jim Camp Tweetable Topics: “This system will work so I’m going to make it work.” (Tweet This!) Connect with Andrew Andrew’s BiggerPockets Profile Andrew’s Website Windy Hill Manor Deal Acquisition Purchase Price: $1,300,000 Units: 94 Financing: 100% equity Investor Equity: $1,675,000 Acquisition Date: June 2012 Cash out Refinance Loan Amount: $1,400,000 Original Investor Equity Returned: $1,340,000 (80%) Loan Date: December 2013 Current Valuation Based on 12 Month Net Operating Income At an 8% Cap Rate: $2,989,763 At a 7% Cap Rate: $3,416,871 http://traffic.libsyn.com/bpradio/bpp-170.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Android | RSS