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Multifamily Legacy Podcast

Aug 21, 2020

What could go wrong in the game of real estate, and how can you persevere? It’s the way you handle the ups and downs that makes the difference in the multifamily space. 

Today’s guest is Andrew Cushman from Vantage Point Acquisitions. Andrew shares his perspective on what’s working and what’s not in the multifamily real estate market. 


Topics on Today’s Episode:

  • Enjoy the Ride: Multifamily real estate is like a roller coaster of ups and down
  • Recessions and Real Estate: Leads to opportunity with pockets of distress
  • B- vs. C-Class Assets: Raise capital to trade up and reap risk-adjusted rewards
  • What Matters: Not the number of units, but the money made from them
  • Headaches Happen: Hurricane Michael reduced occupancy from 100% to 16%
  • Get in Line Fast: Find a great insurance broker and the right insurance
  • Cash Value vs. Replacement Policy: What’s the difference for what it’s worth?
  • Co-insurance: Properly and accurately value asset for premium or pay penalty
  • Insurance Deductible: Avoid percentages or you may pay much more for claims
  • Loss of Rent Insurance: Pays the difference to fill the gap and ability to rebuild
  • Keys to Success: Communicating with investors, matching contractor to job size


Links and Resources Mentioned:



“The grass is always greener over the septic tank.” - Andrew Cushman

“Once you can learn to raise more capital, it makes so much more sense to start trading up to nicer assets.” - Corey Peterson

“Operations is where you make money.” - Corey Peterson

“Make sure it is properly and accurately valued, and not just construed to get you the lowest premium.” - Andrew Cushman


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