Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
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 Schutsky

Andrew Schutsky has started 7 posts and replied 179 times.

Post: Grabbed 2020 By the Horns, Took Down a 64 Unit

Andrew SchutskyPosted
  • Investor
  • Glen Mills, PA
  • Posts 185
  • Votes 208

Thanks for sharing, motivational and inspirational for sure.  FANTASTIC news, keep crushing it out there! 

Weekly accountability post:

-Officially selected and engaged with a coach! Starting this engagement officially on the 28th

-Submitted formally for my LLC with PA online - big step!

-Launched and got my website for my LLC online - should be close to "good enough now", will continue to refine this

-Submitted a few revisions to get my company's logo ready (hopefully done next week)

-Finished R. Khleifs "Lifetime cashflow" book and M. Blanks book "Financial freedom and Real estate investing", now reading "Raising Private Capital" by Matt Faircloth

-Listened to a handful of podcasts related to investing / MF RE which were fairly helpful

-Attended our monthly local meetup group and offered to help with planning of future weeks planning sessions.  Connected with a few more members in the group 1:1 as well

-Connected with another broker in my target market and got solid referrals as well (prop mgmt, lenders)

-Engaged with a local RE attorney but wasn't getting a great feeling with this one, will keep looking

-Started to build out my "network map" - outlining contacts that I'll begin working through to build my investor base starting over the holidays

I think that's it for now - overall a productive week! 

Originally posted by @Russell Brazil:

Is that like a Bed Bug from a multifamily? The heat treatment is more expensive than the chemical treatment, but it works better. 

Ha! I'll try my best to remove the association with bed bugs to multifamily.  Those things are nasty! 

Weekly accountability post - 12/11:

-Finished Joe F's "best ever apartment syndication" book and also read "Syndication is a b*tch" and also Rod K's "lifetime cashflow book" in less than 4 days, ha.  My wife says obsessed, I say dedicated. 

-Connected with 2 new brokers from the Tampa area

-Decided on a company name for branding launch

-Pitched my business launch concept to 3 coworkers this week (potential investors) who all seemed very interested and asking for more details

-Attended an underwriting workshop (thanks @Todd Dexheimer!) Also practiced underwriting for several other deals

-Networked and met 3 new BP members in 1:1 calls, this was really fun!

-Drafted my 90 day plan (to be reviewed with coach shortly)

I feel quite researched, now time to take action. Time to select a coach next week and get moving with LLC and website creation.

Post: My transition from SFR rentals to Multifamily Investing

Andrew SchutskyPosted
  • Investor
  • Glen Mills, PA
  • Posts 185
  • Votes 208

Congratulations, Arn! Wish you the best of success. Let’s connect as we share similar interests. :)

Weekly accountability post - progress for this week:

-Talked with 2 potential mentors/coaches

-About halfway through Joe Fairless's book "Best Ever Apartment Syndication book" - this one is really great.  Ordered 2 additional books on amazon

-Connected with 2 brokers from the Tampa area

-Connected with 5 other investors with similar goals

-Spent some time to refine my vision/goals (on paper).  This has really helped with my 90 day action plan which I'll share shortly as well

-Spent some time really researching the Tampa area/demographics and capturing a ton of notes in excel

-Listened to two helpful BP podcasts related to MF investing 

-Found a high potential sponsor that I'll likely invest passively with if the deal closes in Jan/Feb 2021 

Year end goal: Final selection of sponsor/mentor

Originally posted by @Jennifer Bourdeau:

@Andrew Schutsky I just finished the "hands off investor" and really appreciated it too. I've only invested in a couple deals passively (Tampa and Dallas areas), but am currently vetting a hand full of operators, including a couple I see in this thread ;) to make some more significant investments in the coming months. I'd love to connect with other serious passive investors to share experiences if you're interested in getting in touch.

Excellent - Of course happy to connect.   Tampa is my #1 location of choice, already connecting with brokers and locals down there now.  Hoping to do a "Recon" visit in March/April of next year to tour some properties and really learn the area. 

Originally posted by @Ian Checketts:

@Andrew Schutsky I love your passion! I'm in the same boat as you, cant seem to get enough of multifamily!

 Thanks Ian! The passion and energy and just getting started :)

Originally posted by @Danny Randazzo:

@Andrew Schutsky welcome to the multifamily club. It sounds like you’ve got good experience and motivation so you can be successful.

Thanks Danny! I'll "see" you at the MFIN Summit in January.  

Originally posted by @Todd Dexheimer:

@Andrew Schutsky congrats on having a clear definitive goal. That is what I see lacking the most in people that I mentor. Many people say they want to do something, but really don't have a goal and therefore have no real plan of action. 

I like that you have the goal of passively investing in a 100+ unit. Make sure you take action on that quickly and know your next action step. 

With the right actions, you will certainly be able to meet your goals and have the life that you are after. 

Todd - thank you very much for the guidance and support!  I'll post my next update in a few days but have made HUGE strides this week so far. We'll talk shortly as well ;)