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All Forum Posts by: Andrew Schutsky

Andrew Schutsky has started 7 posts and replied 179 times.

Post: New to Biggerpockets - Multi-Family Pursuit in progress!

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

Thanks all for the warm welcome! Exciting times are ahead....

Relentlessly continuing my pursuit of knowledge and connecting with others.  I'll continue posting here with updates to serve as my "accountability mirror." (David Goggins fans may relate here) :) 

Made the most of a few days off from work! 

-Knocked out a few more books (S. Berges Complete guide to buying and selling apartments, BP Estimating rehab costs and online learnings via Udemy).  Now reading Joe Fairless's "Best Ever Apartment Syndication" book which has been great so far

-Purchased M. Blanks SDA tool and went through all online learnings and case studies.  Also found a few generally marketed deals to run through this with more examples.  Getting fairly comfortable with underwriting/modeling now.

-Signed up for a few upcoming local meetups and a 2 day virtual conference in January 

-Established contact with a broker in Tampa 

-Connected via a phone call with 3 potential sponsors for passive investing  

Thanks all for the warm welcome! I should also add I just finished Brian Burke's recent book "The Hands Off Investor" (after 4 others in a row and 2 training programs) which is fantastic! I liked it so much I read it 2x in a row and took copious notes the second time around.  Just added Joe Fairless's syndication book which is set to arrive.  Wont' take too long to consume that as well. :)

Any other strong recommendations to add to the list? Any training programs/self study coursework you'd add as a "must read/do?"

Considering one of the following programs - I don't mind investing if the value is strong. 

-Joe Fairless Apartment syndication mastery

-Michael Blank Apartment Investing training

-Rod Khleif bootcamp

Post: Clearwater/Gulf Coast - Short Term Rentals

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

Also check out fort Myers beach as they allow weekly rentals in many areas.  @Stetson Miller is a great contact. 

Originally posted by @Adam Lacey:

@Andrew Schutsky

It sounds like we have very similar goals. I've invested passively in 2 deals and am working on getting into my first GP position. Feel free to reach out if you have any questions or would just like to connect. Best of luck to you!

Adam

Thanks Adam - I will certainly reach out, let's connect! 

Originally posted by @Greg Dickerson:
Originally posted by @Andrew Schutsky:

Hi All,

My name is Andrew and I'm from the Southeast PA area (Philly suburbs) and have been involved in real estate since 2006 when I purchased and "house hacked" my first home. To date I've been focused on buy and hold single family properties (including short term vacation rentals) and now looking to rapidly move into the Multi-Family world. I'm married to a fantastic very understanding wife and have been blessed with 2 awesome kids who are still relatively young. :)

Professionally, I've been working in the corporate world for 15+ years now currently as Supply Chain Technology Director for a $14B industrial company which has served our family very well. In the past few months, I've been thinking about our long term goals as a family - where we'd like to live in the future, college for the kids, ability to travel the world, and most importantly - achieving financial freedom! We have big goals and I'm adamant on taking constant action to do so. While my wife and I could easily stay on the corporate track for another 20+ years and live a great retirement, I'd strongly prefer to exit corporate in a 5-10 year time frame and focus all energy on my main passion - real estate. After extensive research for different paths as to how to get there, I've landed on multi-family investing as the best vehicle to great wealth for us to do so.

In the past few months I've read several books, attended online trainings, met with some prominent syndicators, and ventured into a few local meet ups and have met some really great, helpful people. The more I learn and connect with those who share a common passion, more momentum is gained and actions seem to happen exponentially faster. I've love to connect with many more on here who share a common interest and help each other along the journey. I really like Florida for both investing and as a next place to live for my wife and I - particularly Orlando, Tampa, and the SW FL area.  My next steps are to invest passively in a 100+ unit deal as well as find a mentor/coach to accelerate progress. 

I'm looking forward to the journey and the many friendships and successes achieved along the way!

Cheers,

Andrew

Investing passively is one way to go. You could also just do your own deal if you feel you have the knowledge, skills and resources to pull it off. You can start at what ever level your comfortable with and there’s a lot of ways to get in the game. I was just like you when I made my transition to full time Entrepreneurship in 1997 and I work with people all over the country in the exact same position/stage in life. The real key is how bad you want it. It’s not easy to leave the comfort of corporate America and the longer you stay the harder it gets but the advantage of multifamily is you can start where you are and build quite a portfolio before you exit but you have to really want to make it happen, be willing to sacrifice your time away from work and get after it every day.

 Thanks Greg - great advise.  I have no trouble investing dozens of extra hours each week to stay after our dream.  I've been debating passive vs. active for my first acquisition with an inclination to start passively to leverage other's experience and build many connections during the process.  I've been relentless in my pursuit of learning and knowledge in the past few months and will continue to do so either way.  Can't wait to see where this journey takes us. :) 

Hi All,

My name is Andrew and I'm from the Southeast PA area (Philly suburbs) and have been involved in real estate since 2006 when I purchased and "house hacked" my first home. To date I've been focused on buy and hold single family properties (including short term vacation rentals) and now looking to rapidly move into the Multi-Family world. I'm married to a fantastic very understanding wife and have been blessed with 2 awesome kids who are still relatively young. :)

Professionally, I've been working in the corporate world for 15+ years now currently as Supply Chain Technology Director for a $14B industrial company which has served our family very well. In the past few months, I've been thinking about our long term goals as a family - where we'd like to live in the future, college for the kids, ability to travel the world, and most importantly - achieving financial freedom! We have big goals and I'm adamant on taking constant action to do so. While my wife and I could easily stay on the corporate track for another 20+ years and live a great retirement, I'd strongly prefer to exit corporate in a 5-10 year time frame and focus all energy on my main passion - real estate. After extensive research for different paths as to how to get there, I've landed on multi-family investing as the best vehicle to great wealth for us to do so.

In the past few months I've read several books, attended online trainings, met with some prominent syndicators, and ventured into a few local meet ups and have met some really great, helpful people. The more I learn and connect with those who share a common passion, more momentum is gained and actions seem to happen exponentially faster. I've love to connect with many more on here who share a common interest and help each other along the journey. I really like Florida for both investing and as a next place to live for my wife and I - particularly Orlando, Tampa, and the SW FL area.  My next steps are to invest passively in a 100+ unit deal as well as find a mentor/coach to accelerate progress. 

I'm looking forward to the journey and the many friendships and successes achieved along the way!

Cheers,

Andrew

Post: New to Biggerpockets - Multi-Family Pursuit in progress!

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

Hi All,

My name is Andrew and I'm from the Southeast PA area (Philly suburbs) and have been involved in real estate since 2006 when I purchased and "house hacked" my first home.  To date I've been focused on buy and hold single family properties (including short term vacation rentals) and now looking to rapidly move into the Multi-Family world.  I'm married to a fantastic very understanding wife and have been blessed with 2 awesome kids who are still relatively young. :)

Professionally, I've been working in the corporate world for 15+ years now currently as Technology Director for a $14B industrial company which has served our family very well.  In the past few months, I've been thinking about our long term goals as a family - where we'd like to live in the future, college for the kids, ability to travel the world, and most importantly - achieving financial freedom!  We have big goals and I'm adamant on taking constant action to do so.  While my wife and I could easily stay on the corporate track for another 20+ years and live a great retirement, I'd strongly prefer to exit corporate in a 5-10 year time frame and focus all energy on my main passion - real estate.  After quite extensive research for different paths as to how to get there, I've landed on multi-family investing as the best vehicle to great wealth for us to do so.

In the past few months I've read several books, attended online trainings, met with some prominent syndicators, and ventured into a few local meet ups and have met some really great, helpful people.  The more I learn and connect with those who share a common passion, more momentum is gained and actions seem to happen exponentially faster.  I've love to connect with many more on here who share a common interest and help each other along the journey.  I really like Florida for both investing and as a next place to live for my wife and I - particularly Orlando, Tampa, and the SW FL area.  

I'm looking forward to the journey and the many friendships and successes achieved along the way! 

Cheers,

Andrew
 

Post: Accredited investor ? Want to,get to 10X..

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

+1 here, do you have a particular market in mind?