279: How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman

Are you ready to jump into real estate investing, but don’t believe you can find deals in today’s hot market? In this episode, we sit down with multifamily expert Andrew Cushman, who’s actively doing deals in today’s market — and turning big profits. In this show, Andrew explains how he’s finding deals, what metrics he uses to qualify them, where he’s buying today, and what his secret tricks are for finding the “overlooked opportunities” most investors miss — including how he found an amazing deal in the “trash can” for bad deals!

You’ll love hearing how Andrew creates millions of dollars in equity and builds relationships with deal-finders so that they bring him the best deals first. Be sure to download this episode and share it with your friends, so you, too, can master the secrets that the pros are using to snag killer deals!

In This Episode We Cover:

• Andrew’s backstory
• How to make deals rather than find them
• The ABCD neighborhoods — what are they?
• What specific properties Andrew is looking for
• His effective screening criteria for finding properties
• An in-depth story on one deal
• Net operating income (NOI)
• Understanding how properties are valued
• Challenges Andrew faced over the years
• Finding great contractors
• Andrew’s many rental property units
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Money Podcast
• BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman
• City Data
• Rich Blocks Poor Blocks
• Trulia
• USA.com
• Loopnet
• BiggerPockets Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy
• BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn
• Gobundance

Books Mentioned in this Show

• The ABCs of Real Estate Investing by Ken McElroy
• David Greene’s Long Distance Real Estate Investing
• Emerging Real Estate Markets by David Lindahl
• How to Win Friends & Influence People by

Fire Round Questions

• Help! 1 million dollars to invest! What do i do!?
• 30 yr or 15 yr mortgage?
• Go Solo OR with a big Multifamily investor

Tweetable Topics:

• “The person who wants it the most, loses.” (Tweet This!)
• “You can completely destroy an investment with the wrong people managing it.” (Tweet This!)
• “Don’t wait to buy Real estate. Instead, buy real estate and wait.” (Tweet This!)
• “The best way to spot a great deal is to look at 99 bad ones.” (Tweet This!)

Connect with Andrew

• Andrew’s BiggerPockets Profile
• Andrew’s Linkedin Profile
• Andrew’s Company Website

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