5 Talents Podcast - How To Build Wealth Through Real Estate

Andy McMullen - Exploring Opportunities In Real Estate

September 19, 2023 Abel Pacheco
5 Talents Podcast - How To Build Wealth Through Real Estate
Andy McMullen - Exploring Opportunities In Real Estate
Show Notes

How do you take advantage of potential opportunities in real estate investing? In this episode of the 5 Talents Podcast, Abel welcomes Andy McMullen. Andy is the Founder and Manager of Legacy Acquisitions. He has been focusing on multifamily and built-to-rent for the last four years. Andy values his long-standing personal relationships with brokers, operators, institutional lenders, and private equity firms. 

Tune in now as Andy shares how to navigate current challenges in the industry and find out how you could take advantage of potential opportunities in real estate investing!


[00:00 - 03:06] Opening Segment

  • Introducing Andy to the show!
  • Andy is the Founder and Manager of Legacy Acquisitions

[03:07 - 13:07] Navigating Through Real Estate Obstacles And Hardships

  • Facing challenges and setbacks along the way
  • Surround yourself with a team that shares the same values and passion
  • Real estate has been consistently profitable over any 10-year term

[13:08 - 28:10] Exploring Opportunities In Real Estate

  • Opportunities exist in commercial real estate, even if NOI or cap rate goes down
  • Look holistically at properties and consider negotiating with banks
  • Build-to-rent side of real estate has been a great hindsight

[28:11 - 43:46] Closing Segment

  • Andy shares knowledge on how to anyone take advantage of potential opportunities in real estate investing!  
  • See the links below to connect with Andy!

Quotes:

“ The building in itself is probably the last thing that you should be looking at and the cost of the rent's a little bit low considering all these factors the actual building how it's performing is almost secondary right in the long run.” - Andy McMullen


“Many people would argue now's the best time to be paying your mortgage. Because you're paying less of that, dollar for dollar.” - Andy McMullen


Connect with Andy through his Website & LinkedIn!

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Email us --> abel@5tcre.com


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