Financial Freedom with Real Estate Investing

Can you be successful in real estate investing and successful at a demanding job at the same time? 

Andrew Schutsky serves as the CIO of a $700M medical technology company. He also happens to be the founder of multifamily syndication firm Redline Equity and host of The Crushing Cashflow Podcast

Andrew has 14 years of real estate rental experience but didn’t enter the multifamily space until last year. Since then, he has built a portfolio of 1100 units!

On this episode of Financial Freedom with Real Estate Investing, Andrew joins cohost Garrett Lynch and me to explain how he built a real estate business while working an executive level W-2 job. 

He describes how he networked into his first deal and offers advice on finding a partner who complements your strengths. 

Listen in for insight on the strategy of time budgeting and find out how Andrew is making time for his family, his full-time job and financial freedom.

Key Takeaways 

What inspired Andrew’s interest in real estate

  • Want to make best use of money 
  • Realized could replace income later

Andrew’s shift to multifamily

  • Came across blog of local syndicator
  • Networked into first deal

Andrew’s advice on finding a partner

  • Share criteria, e.g.: 50- to 125-unit deals
  • Align objectives and values

 How Andrew balances real estate with his W-2

  • Devote 15 to 20 hours/week 
  • Work in 5 to 7AM window

Andrew’s strategy of time budgeting

  • Decide how to spend time, audit often
  • Break down to align with goals

How Andrew makes time for his family

  • Sacred window from 7 to 9PM
  • Wife holds accountable if off track

Andrew’s morning routine

  • Read 20 pages or listen to podcast
  • Meditation or 15-minute workout

How Andrew stays on track to reach his goals

  • Join/create accountability groups
  • Post goals and track progress

How Andrew thinks about his W-2 job

  • Can't control what will happen
  • Option to exit in 2 years

What financial freedom means to Andrew

  • Cover expenses with passive income
  • Spend 40 on family and passions

Andrew’s advice to aspiring investors

  • Find fun in chaos
  • Be ruthless in how invest time
  • Focus on your strengths

Connect with Andrew Schutsky

Redline Equity

Redline Equity on LinkedIn

Redline Equity on Facebook

The Crushing Cashflow Podcast

Crushing Cashflow on LinkedIn

Crushing Cashflow on Facebook 

Andrew on LinkedIn 

Email andrew@investwithredline.com 

Resources

Access Michael’s Free Resources in the Freedom Vault 

Learn More About Michael’s Mentoring Program

Join the Nighthawk Equity Investor Club

Review the Podcast on iTunes [Text CONTEST to 66866]

Financial Freedom with Real Estate Investing by Michael Blank 

The 80/20 Rule on Financial Freedom with Real Estate Investing EP289 

BiggerPockets

Michael on Facebook 

Michael on Instagram 

Michael on YouTube 

Apartment Investor Network Facebook Group 

Podcast Show Notes

Direct download: Financial_Freedom_with_Real_Estate_Investing_EP303.mp3
Category:Commercial Real Estate -- posted at: 1:00am EST