How to Start, Scale, and Succeed in Apartment Inve…

How to Start, Scale, and Succeed in Apartment Inve…

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How to Start, Scale, and Succeed in Apartment Inve…



Is multifamily real estate investing as complicated as investors make it out to be? If you’re Andrew Cushman of Vantage Point Acquisitions, you’d probably argue that although multifamily has a bit more complexity than single-family rentals, it’s still, by all means, profitable for the everyday investor.

In the early 2000s, Andrew didn’t know anything about pro formas, apartment underwriting, or the best type of mulch to use on large-scale landscaping. Now, more than a decade later, Andrew has been able to lead his team in acquiring, syndicating, and repositioning over 2,500 multifamily units. He’s here with David Greene to answer live questions surrounding anything and everything related to multifamily investing. He gives stellar takes on the current state of the market, how rising interest rates will affect multifamily investing over the next few years, and the best way to increase your ROI (return on investment) on a multifamily acquisition.

You don’t need to be a large-scale apartment investor to take away some golden nuggets from this episode. Even if you’ve never thought of investing in multifamily, Andrew frames multifamily in a way that’ll have you wondering, “could I buy that apartment down the street?”

David Greene:
This is the BiggerPockets Podcast, show 607.

Andrew Cushman:
That’s one of the beautiful things about multifamily. In single family, you buy a house and the average price in that market goes down 30%. Well, yours probably went down 30% too. In multifamily, you’re valued on the net operating income so if you’re a really good operator, you can still increase the value of your property in a flat or down market, even if everyone else is struggling. That’s one of the really cool things. That’s part of why, again, with caveat, it’s somewhat okay to pay a little bit for future performance, because it is something that’s in your control.

David Greene:
What’s going on, everyone? This is David Greene, and I am your host…