GI182: How to Invest in Real Estate While Working a Full Time Job with Andrew Schutsky

GI182 How to Invest in Real Estate While Working a Full Time Job with Andrew Schutsky

Andrew ShutSky has over 15 years of real estate investing experience, beginning with a “house hack” of his first home in 2007. He is currently an active and passive investor in over 1300 units and his firm Redline Equity has over $70 million in assets under management.

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Announcer:
Welcome to the Global Investor Podcast, a show that focuses on helping foreign investors enter the lucrative US real estate market. Host Charles Carillo combines decades of real estate investing experience with a professional background in international banking to interview experts in all areas of US real estate investing. Now, here’s your host, Charles Carillo.

Charles:
Do you have money sitting in the stock market? And you’re worried about it or worse. You have money sitting at the bank, not keeping up with inflation. My name is Charles Carillo, founder and managing partner of Harborside Partners. And since 2006, I’ve been investing my money and my family’s money into income producing properties. These are real assets, real properties with real addresses that produce real cash flow. At Harborside Partners, we provide passive investors who love real estate with a turnkey investing solution. If you want to put your money to work in real estate, but can’t find deals, don’t have the time to get funding in. The last thing that productive people want to do is manage real estate. We find the deals. We fund the deals and we manage the tenants, the termites and the properties. Partner with us at investwithharborside.com. That’s investwithharborside.com. Go to investwithharborside.com. If you love real estate, you like the idea of passive income and believe that income producing properties will appreciate over time. Go to investwithharborside.com. That’s investwithharborside.com.

Charles:
Welcome to another episode of the Global Investors Podcast; I’m your host Charles Carillo. Today we have Andrew ShutSky. Andrew has over 15 years of real estate investing experience, beginning with a “house hack” of his first home in 2007. He is currently an active and passive investor in over 1300 units and his firm Redline Equity has over $70 million in assets under management. So thank you so much for being on the show, Andrew,

Andrew:
It’s a pleasure to be here. Thanks so much for having me on the show.

Charles:
So tell us a little bit about yourself both personally and professionally prior to getting involved in real estate investing and taking down that first house hack in oh seven.

Andrew:
Yes, I’ll take you back a couple of decades and gr you know, going through college like any other normal adolescent, semi-professional or working professional, not knowing really what you wanted to do. I, I per, I had always had a number of passions, one of which was technology. So I went the typical, hey, this two, four to five years in college, see your internships started a working career went well. Trajectory went well, continues to go actually in that direction. But there’s a couple things that became glaringly evident to me during those first, let’s say decade of my career and going into, you know, all two decades of my career. And on the W2 side, one is that, hey, I enjoy what I do, but I don’t know that I have complete control over my destiny. Right? In fact, I know that I don’t I’d hated paying and I continued to hate paying so much percent of my income in taxes.

Andrew:
Wow. And it really, I needed a way to diversify income, and I explored a number of different pathways to other passions in the automotive side of things, electronics, it’s to home theater. And I’m like, okay, these are are hobbies. And in the back of my mind, I knew I’ve always been interested in real estate. You know, I started with my first house hack, like you mentioned, just about 15 years ago. And that at that time it was kind of a hobby and I thought I’d continue to grow and expand, you know, one single family home at a time. And quickly realized even with a decent income, you can only save, you know, a certain percent of your income per year, quickly run outta money. About five years later, after that house hack, I pivoted towards the short-term rental space, continue to own and operate some of those units.

Andrew:
But again, same constraint. I love that, that, that body of that area of expertise, the short-term side, but again, quickly run outta money. Fast forward another, let’s say seven years. I stumbled on a thread online on, you may have noticed a site called Bigger Pockets. It’s, you know, a little bit, no, a little bit known out there and learn about this area of multi-family syndication, which is, you know, sounds like a very daunting word to those that don’t know. But for me, something clicked and I was like, wow, I didn’t know what I was looking for until I stumbled upon this thing. And, you know, from that point forward, I went all in read 30 to 40 different books, hired a mentor, joined multiple mastermind groups within a few months, found my way into a first partnership with a small role, continued to expand that, and I feel like I found my stride. So, and that’s a long-winded way and answer from your question, but that’s been my journey in the past, you know, three minutes in covering 20 years

Charles:
<Laugh>. So what was I didn’t know that you had started in doing or working with short-term rentals prior. What was the issue that you mainly found there? Obviously you said you ran outta money, but was there any other constraints that you were finding?

Andrew:
Yeah, I mean, it’s time consuming as well. Yeah. So even with an unlimited budget, your ability to scale quickly and if you’re, if your goal, and it all depends on what your goal is. And at, in the beginning, to be honest, I didn’t know what my goal was. It was just, Hey, let’s make some money. Let’s have some fun, let’s diversify income. But if you’re a real goal is financial security. I, I hate to keep using the word financial freedom. It’s just like, for me, that means being able to do what I want in my own terms without having to answer a third party. If that’s your true goal, unless you’re fortunate and blessed with seven, eight figures of money to play with, your ability to scale is very limited. And even if you do have that money is still consumes an ordinary disproportionate amount of your time. So that was a main constraint. Those two things were really financial you know, the ability to, to to, to bring capital, to close a property in short term, and then the time commitment to, to own and manage those properties.

Charles:
Interesting. Yeah, I’ve heard different strategies with people getting started in short-term rentals, and it’s like, I always kind of steer away from them when I’m listening to ’em because it’s one of those things where people are saying, well, you can sublease stuff if you don’t have it. And you’re like, this just gets riskier and riskier because I mean, you catch yourself in like a, a 2020 kind of situation again with covid. And I mean, if you’re in this certain state, you, you won’t be able to rent them forever, you know what I mean? I mean, a year or so, and you’re still paying that rent, you know what I mean? So yeah, there’s, it’s, it can be, it’s, that’s one thing with the multi-family I find as well is that, like you were saying, it’s the constraints are really limited because there is a, we don’t have that much of the supply out there and we need more of it, and these governments know that. So it’s something that kind of goes hand in hand with that.

Andrew:
Yeah, absolutely. And it, it really comes down to, you know, especially if you dive into an emerging market or a booming market, the risk and is inherently even lower because the demand supply imbalance is even greater.

Charles:
So what types of properties are you and your team really focusing on now, Andrew?

Andrew:
Yeah, we’re, we’re looking for a very specific niche. And it’s not that uncommon in the space if you’re in we’re looking for specifically class B, class C properties with some type of value add potential. And when I say value add, I, I think more and more of us are getting creative in that space, right? And traditionally you might go find a 1970s, 1980s vintage property that hasn’t been renovated either in an interior exterior and go and renovate them, you know, raise the rents to market rates and then refinance or sell the property. And today’s world, those properties, they’re, they’re still out there, but they’re less and less of them. So I think, you know, myself, my partners, my teams are getting more creative and things like on the operational side, what we, what can we do around the property management, what can we do around sources of other income, whether it’s examples like valet trash or it’s you know, other things like adding a washer and dryer unit or cable and internet packages these days, you gotta be crave. There are deals out there, they’re just not as glaringly obvious as they were when there’s abundant number of, you know, class B, you know, like I said, classic interior is 95%. There’s, they’re still out there, but they’re a needle in a haystack on these, in these big markets.

Charles:
Yeah, for sure. With your class C properties that you have now, are you seeing any changes in rent collections or anything like that?

Andrew:
Actually, no. I mean, we picked up a couple last year and the situation has improved quite a bit since we’ve closed on those. And the, the properties that had collection challenges still have some to a lesser degree, but it not to the point where it’s, it’s impacting our business plan, to be honest. I mean, I think we’re fortunate you know, inflation’s both a curse word and a blessing these days, right? Yeah. We’re fortunate to see a pretty big influx in, in rent growth, even in markets that we, we had underwritten probably half of what actually came to fruition. We were fortunate that even with debt collection, not quite being where we want it to be, let’s say we went underwrote 1% or 2%, maybe we’re at three or four, but rent has, rent has gone up 15, 20%, which, which really helped profitability.

Charles:
Wow. That’s, that’s great. Yeah. The, what I’ve found is why I asked that question is because when speaking to a property manager just a few days ago in in Tampa, which is obviously one of the hot markets of the United States, sure. They’re saying in some of their C class, they’re seeing delinquencies up to 15%. So it’s just, obviously it’s per property, it’s per how it’s managed, how the quality of it, you know, when they took over management, there’s so many different variables, so, right,

Andrew:
Right. Yeah, absolutely. And it, it could be very dependent on a specific, you know, market niche. And one of the things we look for to try to avoid situations where you’re too dependent on a particular employer or a particular industry is looking for employment diversity. So if you have, let’s say a school that’s hit really hard or one manufacturing segment, that’s really hard if you have a Goodyear or Michelin or something and they ha they take a hit. But that risk is offset by diversity employment, both size, both industry and across just different different employers in general.

Charles:
Interesting. So, Andrew, tell us about like building a team and how that’s helped you close deals while working full-time and having a family and doing it so quickly after just being introduced to it.

Andrew:
Yeah. The reality is, I mean, everybody has a couple things, or maybe one or two if you’re really lucky. Three things are really good at, and it took me a while to real to find my stride with that. As in beginning, when you’re starting out, you don’t know what you don’t know and you’re trying to cover a lot of bases. You know, a lot of us are go-getters class A overachievers trying to cover the world di i y approach, and the reality is, you, you can only go so fast so far on your own that way. So it, to me, the biggest game changer and I continue to refine what my scope of this and what this looks like for me is like finding people that have similar values, but complimentary skill sets and that only can create exponential growth. And it’s, I learned that the hard way and a painful lesson, trying to balance that with, you know, working 50 hours a week in the day job, having, being a family man and lots of hobbies and, and friends and trying to keep my social life somewhat alive, <laugh>

Charles:
Interesting. So if you had to do it again with starting from 15 years back with a house hack, which I think is always a great way of starting Yeah. But what would you have changed on your journey to getting where you are now and where you’re going in the future?

Andrew:
Yeah, I think the, the first thing that comes to mind that you just mentioned is instead of trying to go out this myself one property at a time, go find, you know, go network my way to find the right partners with the right mindset, similar goals and aspirations, but complimentary skills to go faster. So building a team and then changing my focus and I’ll call it the focus locus from the single and short term to the larger, even if it is joint venture based on either larger or mid-size department building, just to go, just for the sheer fact that you get more bang for your time.

Charles:
Yeah, no, that’s great. Yeah. It’s easier said than done when finding partners cuz it’s difficult to find partners, like you said, to have complimentary mindsets and qualities, but also finding partners that are as serious as you are. Yeah. And obviously us both being very serious people and you’re finding partners. Yeah. When you’re working with someone, they’re like, oh yeah, I wanna do it, and they really don’t want to do it, you know what I mean? Right. They just went to the meetup or they went to this conference. So that’s kind of, it becomes dif more difficult. I I know you joined a mastermind and when you’re inside a mastermind, I’ve joined a couple myself within real estate. Yes. It’s just one of those things that you hate to have to join or do stuff like that, but you find people that have kind of really invested into what they’re doing. Yeah. And when you’re in a mastermind group, so tell me what you think about that, Andrew. Yeah,

Andrew:
I will say, here’s my, my lessons learned from mastermind groups is, you know, you don’t know, you don’t know going in just like anything else. And you, you think you’re going into a group of equally motivated individuals and, and the more of these groups I join, I think the faster my filter becomes on who do I wanna work with from this team. Now obviously people join with similar interests and passions, but you know, very quickly, I shouldn’t say very quickly, in the beginning it took months, but more quickly, the more often you expose yourself to these groups, you realize who’s really on your same page, same energy level, same wavelength, same values, versus who’s here just to kind of dream. And I found that the first couple groups I joined, there was 80 to 90% of them were they, I work, I, I wasn’t seeing them making offers.

Andrew:
I wasn’t seeing them make engage in the brokers. There’s just some hesitancy there. And that’s really what I was looking for, is someone who’s got similar energy to me, similar motivation, similar goals, but again, the complimentary skills. And it’s rare to be honest. Like you said, it’s not easy and it takes exhausting amounts of discipline and consistency to keep engaging and keep doing that. I’ll call ’em speed dating rounds with, Hey, grab a coffee with somebody, grab a beer for 10, 15 minutes, grab a virtual zoom meeting on a Friday. You may not feel like it, but the more people you expose yourself to in these smaller groups, the greater your probability becomes of finding the right partner.

Charles:
Yeah. And the other thing too is when you start actually doing deals or being part of deals or however you’ll measure yourself just moving forward, people will reach out to you Yeah. And want to partner and hopefully, you know, those are most likely people that are going, you know, you can kind of cherry pick those people and find out who you’re gonna partner with, but it’s really just kinda like, you know, movement, you know, kind of breeds more movement and it’s, yeah, it’s very interesting. But so one question I had when I was doing some research for this episode is like mm-hmm. <Affirmative> when potential passive real estate investors are pondering whether they should invest or not in real estate. And we’ve all had these conversations and it’s usually the stock market is usually the other investors kind of like investment option. Oh yeah. So you’ve invested in stocks over 10 years. What would you consider to be the main pros and cons when compared to multi-family real estate investing?

Andrew:
Yeah, I think about, like you mentioned it’s probably, it’s actually been more than 10 years since I’ve started dabbling in, in the GEs and mutual funds of the world and buying different securities. You know, I’ll always hold a portion o of my, you know, our wealth in the stock market. Again, again, I grew up with 401ks and things like that. Biggest thing with that is the volatility to me. So you <laugh> you have no control, you no insights in these companies other than what they public a report you have no you know, there’s no, there’s nothing you can touch and feel. It’s not tangible. Again, with real estate, phenomenal downsides to, to real estate, especially in multi-family syndications are, hey, you’ve gotta trust the group you’re in. And I see that as much of a pro as a con because you’re hands off be, it’s, it’s absolutely, you know, completely important that you trust the right team.

Andrew:
You picked the right team, you picked the right property, the holding period, right. You got the liquidity issue with, with real estate. But again, you know, if you’re thinking longer term, 2, 3, 4, 5 years, our typical hold periods, you know, as long as you’re, you’re okay with that. Not as much of an issue. But again, it’s something I can touch and fuel historically much more stable. Historically, rents don’t go down. And historically, you know, you can weather recessions and things like that really well in multi-family compared to stocks, which if you’ve been through 2000, 18,009, you know how that went. Yeah. So other thing I look at is tax, right? I mentioned how much I really dislike and displeased the January, February timeframe every year, and my accountant gives me the bill. And that’s another thing, you get hit with stocks, especially if you’re a short term trader, which I did for a while, you’re getting hit with a third 40%. I just hard to stomach that, you know, but again, it’ll be a balance for me. But my balance is shifting a lot more towards real estate especially as I get, you know, more and more passive income on a month or quarterly basis under my belt.

Charles:
Yeah. Real estate, it’s one thing with real estate is I find, is that if you invest in the real estate and people always, I, I’ll, I’ll talk to a lot of stock people and they’ll talk about the liquidity. I personally don’t mind the liquidity. I like the idea of setting capital for three, four or five maybe seven years if we’re going through some sort of downturn and not having to worry about it again. You know what I mean? You’re setting it. Yeah. I don’t have to underwrite another deal again. If, you know, if something, if I’m active in that deal, then you’re just running the deal. Yeah. Right. With, with your other partners. If you’re passive, then it’s up to the operator to run it. But it’s something that, it’s not like with stocks where I’m like, you know, you have to be watching screens and doing stuff and like consistently.

Charles:
Right. You know what I mean? Right. And it’s like, you know, slow real estate’s a lot slower with stuff that’s happening. It’s not gonna be, you know, and the other thing too is it’s very difficult with real estate to lose all of your investment. Possibly if you’re in a real estate syndication and 75% loan to value or 70% loan to value. I mean, maybe worst case scenario you lose a few percent, but it’s very difficult. I mean, when you’re looking at it over, I mean over the whole thing, if the property’s cash flowing when you take it over, you know what I mean?

Andrew:
I’m a big statistics guy, right? So I look at what’s the probability of things. My wife, she finds this hilarious, she’s like, why is everything my probability to you? I’m like, look, it’s not an emotional thing to me’s If I look at what’s, what’s the probability of losing a percent or losing my entire investment? If you look at real estate, land never goes to to zero. It’s pretty unlikely with ample reserves and the right team with experience that they’ll default on a property. Right. It happens. Right. But again, like you talked about, leverage using that effectively using debt service effectively having the right team in place, running the right operations, having the right pm that risk is significantly lower than it would be with, Hey, if I go buy Bitcoin, I could lose half my money in a month. Yeah.

Charles:
Two thirds of it,

Andrew:
<Laugh>, there’s a time and place for that too. But I, I equate that more of the Vegas, you know, entertainment level than I do at true institutional grade investment.

Charles:
Yeah. The other thing too is even if you don’t add, if even if you, you go into a group and they don’t add any value to the property and the rent stays same and everything like this, or you, you know, rents go up by inflation, I mean, you’re still paying down debt. I mean, you’re, you’re still becoming safer every month on that property in a better position. Yeah. And you know, but I, I feel that the longer you own property, the less risky it is.

Andrew:
It’s

Charles:
You’re

Andrew:
Going, yeah. If you think about your summation of your cash flows too, let’s say you invest 50 or a hundred thousand dollars and you start distributing second quarter or third quarter, you’re getting that whatever that prep would be, six, seven, 8%. So by year two, you’ve recouped a good chunk of your investment already. And if you were to default that point, you’ve already made some of your money back. So again, getting to zero value would be pretty difficult to do, honestly. <Laugh>. Yeah. The stars all have to align in the wrong direction.

Charles:
Yeah, of course. If, especially if you’re in one of the markets that we really focus on you and I in growing markets, yeah. That’s, there’s always gonna be buyers that one brings those markets. But

Andrew:
And that’s what we look for really is like, how do you, how do you really stack the deck in your favor is you, you buy into a market where, hey, it hasn’t reached its plateau and there’s a massive demand supply and amounts like where’re. If you look at my background right now, for those that are on video, it’s just, just under contract in a property in Greenville, South Carolina, historically under the radar. But it’s becoming now, you know, right up against the Charlotte or Atlanta and it’s flown under the radar for some time. And now there’s a massive, massive building frenzy going on because of the, just trying to keep up with demand and the jobs going in the area.

Charles:
So. Oh, fantastic. That’s great. Yeah. So with, when you’re raising capital Andrew, what have you found to be the most beneficial ways of building credibility with your investors?

Andrew:
Yeah, I think what comes down to one word, education, and I’m not here to be a salesman. I’m not here to, you know, try to p pitch something. It just really, I think one thing that holds a lot of people back from the biggest thing that holds people back from professional, you know, w2 professionals or business owners is from investing is just lack of education or awareness. Oh, that seems so risky. You know, what about, why wouldn’t I just buy one property at a time? Why would I put this in other people’s hands? Well, a lot of people just aren’t aware of the benefits. So I see it as my job to be an educator, just more like a professor, right? In, in the sense that like, hey, and along the way I’ll share some opportunities I’ve vetted I’ve come across that I’m investing in and offer you the same opportunity. So that’s, it’s as simple as that for me. It’s not, it’s not a sales role, it’s just as much about ed awareness and education as anything else.

Charles:
Interesting. So what are common mistakes that you see real estate investors make?

Andrew:
Oh, man. So I, I’d say, you know, the, the last couple years where we have significant cap rate compression has covered up a lot of yes, poor operations or lazy operations. So, you know, not staying on top of asset management duties. Again, we’ve gotten away with that as a whole, as as a profession in the last couple of years. And you see a lot of, okay, yeah, I’ll let that property go for a couple of months. The PM can do their own thing. You see them, you know, renewed leases at the old rates, not stay on top of, of upkeep and maintenance. You know, some operators out there have under raised capital and run outta money, things like that. They, they’re probably the most common I’ve seen the last couple years from different operators and, you know, other partners who have struggled with certain certain things.

Charles:
Yeah. And when that market cycle turns more kind of flat and sideways Yeah. Versus going up, that’s when you’re really gonna see the true operators that are able to change management to increase right profitability or to whole profitability, even with costs going up. And that’s a lot of work because it’s, you can’t just tell your, you can’t just get reports from your manager and say, oh yeah, everything’s fine. We, you know, everything went up and stuff like that. Now it’s really like, Hey, where can we, you have to be more active asset management. And I don’t think a lot of people really have the experience in doing that.

Andrew:
One of the things I’ve gotten really selective on is I, when I look to partner with an operator, again, cuz I’m, my role was mainly around investor relations and raising capital due diligence, earnest money. So when I look for an operator who does this full-time, you know, one, one of my big screens in my brain is, are they off just chasing the next deal in the middle of closing one deal? I don’t want someone who’s like the Walmart of syndicate, right. That, that might be great. They get access to good deals, but I want quality of a quantity. And if someone is, is quickly chasing the next deal, rather than stabilizing their first, that comes out in my reference calls with investors, it comes with costs with my, my reference calls with other partners. And it’s easy to sniff that out now. So that’s just one, just one tip I have for, for those looking, if you’re looking to partner someone, just make sure your values and, and your level of aggressiveness and growth versus quality is aligned with theirs. Yeah,

Charles:
Yeah. Yeah. I, I totally agree with you. I, we, I’ve seen that a couple years ago with one operator and we, you weren’t getting timely reporting. You’re like, well, what’s going on here? What’s happening here? Right. Right. And you know, they’re, they’re, you know, doing something crazy, building something new or whatever it is, and you’re like, well still got this over here. You know what I mean? And so it’s really important that they have a solid and the, the best operators that are growing portfolios and they, they’re growing their team as well alongside ’em. Yeah. So I mean, just that there’s you know, there’s accountability and you’re getting reporting on time, you’re getting calls on time, everything like that. And they’re not, like you said all the way down the road now on on more deals and forgot about the one that they closed a while back. So

Andrew:
You nailed it, man. And, and it’s, there’s nothing, there’s absolutely nothing wrong with having huge aspirations and, and going big really quickly, but the one component is having the team behind you to support it. Right. So if you’re trying to close mm-hmm. <Affirmative> four or 5, 6, 8, 10 deals a year and do the asset management, the acquisitions, you know, the debt, the debt work, working with legal, working with investors and trying to do that with a one or two person team, but that scale <laugh>, it’s gonna be either gonna stress or burn yourself out or you’re gonna fall behind in areas like, like you mentioned, whether it’s, you know, getting your K one s out on time or getting your monthly and quarterly reports, keeping up with distributions, keeping up with asset management. It’s very hard to balance them and scale at, you know, dozens of properties a year.

Charles:
Yeah. So what do you think are the main factors that have contributed to your success, Andrew, over the years?

Andrew:
Trial and error.

Charles:
<Laugh>

Andrew:
A little bit of that truthfully, but no, I mean, really for me it’s been just, just keeping consistent with daily habits and refining and building and building partnerships and teams. And again, like I mentioned, lessons learned even from as close to a year or two back as, you know, depending on what your, what your goals are and how much time you have available and what you’re trying to balance and what your priorities you have in your life is really going after finding partners to go faster a lot more quickly. Right. and for me it’s just been the, my habit of consistency and I’m just relentless with that of, you know, whether it’s devoting a couple hours a week to promoting your thoughts and content and social media, but you may not feel like doing that, but you know, it’s so important to get your, your message and word out to as many people as you can to help as many people as you can. And it could just be, you know, like, again, like I mentioned, even when you don’t feel like it, get yourself out there promoting your content building education, building, building an education and thought leadership platform being consistent with communication to your investors. Again, the, the key word is co consistency for me.

Charles:
Yeah. I can say it the right things consistently. Mm-Hmm. <affirmative>, how can our listeners learn more about you and your business, Andrew?

Andrew:
Really simple. I, I think everything funnels through our website. It’s invest with redline.com. Our firm’s name is Redline Equity very closely tied to our automotive habit, <laugh>. And we’ve got a podcast out there that’s funneled through the website as well. It’s called Crash and Cash Flow, check it out. But on our website, again, everything invests with redline.com. Got a free eight port learning series that kind of gets you through our system, gets you access to our newsletter, all the cool content we’re putting out on a weekly basis. So check us out.

Charles:
That sounds great, Andrew. Well thank you so much for coming on today and looking forward to connecting with you here in the near future.

Andrew:
Thank you so much for the opportunity, Charles. Great talking to

Charles:
You. Talk to you soon.

Andrew:
Thanks Man.

Charles:
Hi guys! It’s Charles from the Global Investors Podcast. I hope you enjoyed the show. If you’re interested in get involved with real estate, but you don’t know where to begin, set up a free 30 minute strategy call with me at schedulecharles.com. That’s schedulecharles.com. Thank you.

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About Andrew ShutSky

Andrew is the founder of Redline Equity, LLC, a real estate syndication firm specializing in the acquisition, improvement, and management of large apartment buildings. He also has over 15 years of real estate rental experience, beginning with a “house hack” of his first home in 2007.

In the multifamily investment space, Andrew is currently active as both a GP and LP and has ownership interest in over 1300 units. He likes to move quickly and take massive action – In his first 5 months he closed 2 deals as a GP. Andrew is also the host of the Crushing Cashflow podcast which interviews investors of all stages of their journeys to tell their stories of successes and failures.

Additionally, Andrew also currently works in the technology space as a CIO (Chief information officer) for a $700MM Medical Technology business based out of Pennsylvania. He holds a Bachelor’s degree in Information Systems from Drexel University in Philadelphia, PA. Andrew lives in Thornton, PA with his beautiful wife, Jodi, and two children, Aidan and Jaclyn.

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