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The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman

The BiggerPockets Podcast
2 min read
The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman

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!

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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

Books Mentioned in this Show

Tweetable Topics:

  • “This system will work so I’m going to make it work.” (Tweet This!)

Connect with Andrew

Windy Hill Manor Deal



  • 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

Note By BiggerPockets: These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.