Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Andrew Rushing

Andrew Rushing has started 3 posts and replied 10 times.

Post: Anyone have experience with Build To Rent (B2R)?

Andrew RushingPosted
  • Investor
  • Montrose, MN
  • Posts 14
  • Votes 3

@Alvin Taveras thank you for your input! Appreciate the response!

Post: Anyone have experience with Build To Rent (B2R)?

Andrew RushingPosted
  • Investor
  • Montrose, MN
  • Posts 14
  • Votes 3

@Nik Moushon thank you so much!! That was an awesome write up!!

Post: Anyone have experience with Build To Rent (B2R)?

Andrew RushingPosted
  • Investor
  • Montrose, MN
  • Posts 14
  • Votes 3

Am unable to post the link to the video. but if you search "Build to Rent Duplex Case Study: How One Rental Real Estate Deal Replaces a $40k/Year Job!" you will pull it up. 

Post: Anyone have experience with Build To Rent (B2R)?

Andrew RushingPosted
  • Investor
  • Montrose, MN
  • Posts 14
  • Votes 3

I am curious if any one has experience or opinions with Build To Rent? I searched the forum already, most recent posts are 4 years or older, so thought I would make another!  I recently came across the idea after finding some lots for very cheap in my area, and found this video which also made it sound very appealing! 

Developers make money on top of what they pay builders, If I were to hire a builder directly you would think I would retain the "sweat equity" that normally the developer would take on top right? Maybe making it possible to refinance later and pull some of my initial capital out? Or am I missing something? 

Thanks for the insight!! 

Post: Build to rent

Andrew RushingPosted
  • Investor
  • Montrose, MN
  • Posts 14
  • Votes 3

Curious if either of you two have any updates on your progress and experience :) 

Post: New to Biggerpockets!

Andrew RushingPosted
  • Investor
  • Montrose, MN
  • Posts 14
  • Votes 3

@Ken Bailey oh yes! I bought the rehab one as well!

Post: New to Biggerpockets!

Andrew RushingPosted
  • Investor
  • Montrose, MN
  • Posts 14
  • Votes 3

Hey everyone! My name is Andrew Rushing.

I joined Biggerpockets after researching real estate investing on youtube, eventually coming across Brandon's videos and getting even more hooked! I've always had the entrepreneurial itch, not wanting to be employed by someone else. But have had a hard time finding my nitch. I have always been in the automotive industry for my career, and tried multiple things to go off on my own in the industry. But I keep finding myself burnt out on the subject. 11 years in automotive with no drive to pursue the career much further. Mostly because of how corrupt the business is. I could go on all day, but I wont bore you all.

Enter Real estate! Have thought about it in the past, but never knew where to start. My youtube searches of "how to earn passive income" and "best side hustles" eventually walked me right into real estate, and once I found Biggerpockets and subscribed, there was no looking back!

My "experience" with real estate.

When the market crashed in 2008, I was 19, my mom told me that I was buying a house! She got me a real estate agent, and they walked me through step by step until finally buying my first home, a beat down foreclosure. I got help from obama, and got a fix up loan from the city. Got it fixed up nicely, and moved in! During the 7 years I lived there I house hacked and rented out my extra bedrooms, (mostly so I could afford to live). It was a great learning experience. By 2016 my wife and I were drowning in CC debt with no idea how we would ever get out. A friend of mine advised me to talk with a broker, see if I could sell my house and buy a new one, paying off the debt at the same time. Thats what we did! It felt great! I sold that house for more than double what I payed, was able to put 20% on my new place, and pay off all my debts.... of course soon after, we accrued more debt. Then in 2018 our relationship fell apart and I went through divorce. Putting me in more debt still. Through out my marriage my wife had controlled our accounts and bills, she always had me convinced she was better at it. After the divorce, and taking control of my own finances, I quickly learned she was horrible at it... I spent sever mknth straightening out all the bills and learning how to budget the right way. Then sold that house in April 2019 (market was still on the rise) and was able to make enough to pay off all my debt again!

Puchased my new place, and now am on my journey to financial wealth, which leads me to today! Ready to learn!

Waiting on my BRRRR book in the mail, Watching webinars, listening to podcasts. And connecting with as many people as I can!

Look foward to getting started!

Post: Actually liqudate my 401k?

Andrew RushingPosted
  • Investor
  • Montrose, MN
  • Posts 14
  • Votes 3

Thanks everyone!! Ill find other ways then :D Sometimes its just best to hear it from someone else! 

Post: Actually liqudate my 401k?

Andrew RushingPosted
  • Investor
  • Montrose, MN
  • Posts 14
  • Votes 3

Hey everyone, probably dumb question, but im actually interested in what everyone thinks...

Im very new to all this. Dont own any properties, but have a goal set and have done a lot of research.

I have 2 small 401ks (less than 20k combined) that are no longer contributed to, due to me working a pension job.. is it worth liquidating and taking the hit to use the money to invest in real estate? The way I'm seeing it, is I can eventually make more ROI with real estate than I would just letting the money sit in these accounts.

Or am I better off just finding someone to invest with me while I do the leg work?

Post: How to buy small apartments!

Andrew RushingPosted
  • Investor
  • Montrose, MN
  • Posts 14
  • Votes 3

Hi there, Is this a good meet to attend for someone with no experience? I have been researching and watching videos try to learn as much as I can about Investing. Now I'd like to starting networking and going beyond research :) Thanks