I've been bitten by the MF bug and there is no turning back...

Multi-Family and Apartment Investing
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I've been bitten by the MF bug and there is no turning back...

Andrew Schutsky
Investor · Glen Mills, PA · Member since 2019 · 185 posts · 208 votes

Hi All,

My name is Andrew and I'm from the Southeast PA area (Philly suburbs) and have been involved in real estate since 2006 when I purchased and "house hacked" my first home. To date I've been focused on buy and hold single family properties (including short term vacation rentals) and now looking to rapidly move into the Multi-Family world. I'm married to a fantastic very understanding wife and have been blessed with 2 awesome kids who are still relatively young. :)

Professionally, I've been working in the corporate world for 15+ years now currently as Supply Chain Technology Director for a $14B industrial company which has served our family very well. In the past few months, I've been thinking about our long term goals as a family - where we'd like to live in the future, college for the kids, ability to travel the world, and most importantly - achieving financial freedom! We have big goals and I'm adamant on taking constant action to do so. While my wife and I could easily stay on the corporate track for another 20+ years and live a great retirement, I'd strongly prefer to exit corporate in a 5-10 year time frame and focus all energy on my main passion - real estate. After extensive research for different paths as to how to get there, I've landed on multi-family investing as the best vehicle to great wealth for us to do so.

In the past few months I've read several books, attended online trainings, met with some prominent syndicators, and ventured into a few local meet ups and have met some really great, helpful people. The more I learn and connect with those who share a common passion, more momentum is gained and actions seem to happen exponentially faster. I've love to connect with many more on here who share a common interest and help each other along the journey. I really like Florida for both investing and as a next place to live for my wife and I - particularly Orlando, Tampa, and the SW FL area.  My next steps are to invest passively in a 100+ unit deal as well as find a mentor/coach to accelerate progress. 

I'm looking forward to the journey and the many friendships and successes achieved along the way!

Cheers,

Andrew

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Greg Dickerson
Developer · Charlottesville, VA · Member since 2018 · 4k+ posts · 4k+ votes
5y
Originally posted by @Andrew Schutsky:

Hi All,

My name is Andrew and I'm from the Southeast PA area (Philly suburbs) and have been involved in real estate since 2006 when I purchased and "house hacked" my first home. To date I've been focused on buy and hold single family properties (including short term vacation rentals) and now looking to rapidly move into the Multi-Family world. I'm married to a fantastic very understanding wife and have been blessed with 2 awesome kids who are still relatively young. :)

Professionally, I've been working in the corporate world for 15+ years now currently as Supply Chain Technology Director for a $14B industrial company which has served our family very well. In the past few months, I've been thinking about our long term goals as a family - where we'd like to live in the future, college for the kids, ability to travel the world, and most importantly - achieving financial freedom! We have big goals and I'm adamant on taking constant action to do so. While my wife and I could easily stay on the corporate track for another 20+ years and live a great retirement, I'd strongly prefer to exit corporate in a 5-10 year time frame and focus all energy on my main passion - real estate. After extensive research for different paths as to how to get there, I've landed on multi-family investing as the best vehicle to great wealth for us to do so.

In the past few months I've read several books, attended online trainings, met with some prominent syndicators, and ventured into a few local meet ups and have met some really great, helpful people. The more I learn and connect with those who share a common passion, more momentum is gained and actions seem to happen exponentially faster. I've love to connect with many more on here who share a common interest and help each other along the journey. I really like Florida for both investing and as a next place to live for my wife and I - particularly Orlando, Tampa, and the SW FL area.  My next steps are to invest passively in a 100+ unit deal as well as find a mentor/coach to accelerate progress. 

I'm looking forward to the journey and the many friendships and successes achieved along the way!

Cheers,

Andrew

Investing passively is one way to go. You could also just do your own deal if you feel you have the knowledge, skills and resources to pull it off. You can start at what ever level your comfortable with and there’s a lot of ways to get in the game. I was just like you when I made my transition to full time Entrepreneurship in 1997 and I work with people all over the country in the exact same position/stage in life. The real key is how bad you want it. It’s not easy to leave the comfort of corporate America and the longer you stay the harder it gets but the advantage of multifamily is you can start where you are and build quite a portfolio before you exit but you have to really want to make it happen, be willing to sacrifice your time away from work and get after it every day.

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  • Joshua Adlam
    Property Manager · Member since 2020 · 108 posts · 68 votes
    5y

    Keep it going!! Love it

    1Reply
  • Andrew Schutsky
    OP
    Investor · Glen Mills, PA · Member since 2019 · 185 posts · 208 votes
    5y

    Weekly update:

    -Completed "Field trip to Tampa meeting with brokers, property managers, and partnerships/connections, it was really great and I learned quite a bit.  Sorry I missed you this trip @Joshua Adlam, but we're planning to be back in town in the March/April timeframe hopefully 

    -Worked on further due diligence and capex planning for our potential acquisition in GA

    -Launched facebook page for our podcast, "Crushing Cashflow" (Check us out!)

    -Read Kim Lisa Taylor's book "How to raise private money legally" - great read! 

    0Reply
  • Jed Haslam-Walker
    Real Estate Agent · Sarasota, FL · Member since 2020 · 77 posts · 102 votes
    5y

    Hi @Andrew Schutsky,

    Good job and welcome to this wonderful world. 

    Let me know if I can help you in any way.

    1Reply
  • Andrew Schutsky
    OP
    Investor · Glen Mills, PA · Member since 2019 · 185 posts · 208 votes
    5y
    Originally posted by @Jed Haslam-Walker:

    Hi @Andrew Schutsky,

    Good job and welcome to this wonderful world. 

    Let me know if I can help you in any way.

    Thanks! I'm a blessed man to have so many prospects and connections already! Hard work surely does pay off when it's focused in the right areas. :)

    0Reply
  • Andrew Schutsky
    OP
    Investor · Glen Mills, PA · Member since 2019 · 185 posts · 208 votes
    5y

    Weekly update, progress....

    -Recorded 4 new podcast episodes, really getting excited for the upcoming launch! There are days where prepping for these seems tedious, but after the session is over I'm always glad I did it, getting to meet and get to know some really great people through this

    -Underwrote a few new potential deals in Jacksonville...quickly realized I'm going to need some more help if I'm going to onboard any new deals anytime soon, realizing I'm going to be very bandwidth limited while still working 50+ hours at my full time job 

    -A little bit of podcast marketing on Facebook through our page and word of mouth

    -Completed more due diligence and updated Capex plan for our GA acquisition. Getting ready to send out the offering summary to investors. Sort of exciting to see my name and my company on the lender docs as a key principal :)

    -Finished Grand Cardone's 10x book via audiobook

    -Upcoming: Attending Rod's bootcamp sessions this weekend, looking forward to it, hope to learn new things and meet some great people 

    0Reply
  • Andrew Schutsky
    OP
    Investor · Glen Mills, PA · Member since 2019 · 185 posts · 208 votes
    5y

    Weekly update, moving right along!!

    -Attended Rod K's bootcamp last weekend, some really nice material in there.  Only downside is there wasn't a ton of opportunity for networking since it was virtual and you really couldn't see the other attendees in the sessions

    -Began raising capital for our deal, sent out investor offering and even recorded a webinar doing a walkthrough of the investment details, this was huge! Met with several investors for Q&A and received first round of commits! Has been effective so far, fingers crossed :)

    -Met with mastermind group one night last week

    -Published one new/blog article 

    -Attended our monthly meet up to talk asset management with an expert, made a new connection here and got invited to speak on another podcast! Excited about this

    -Recorded another new podcast episode, very close to being ready for launch on March 15th!

    0Reply
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