5 Talents Podcast - Passive Investing, Cashflow, & Wealth Creation in Commercial Real Estate

Andy McMullen - $750M+ in Real Estate, 1000+ Units; Why We Prefer a Mediocre Deal with a Great Operator

January 21, 2021 Abel Pacheco Season 1 Episode 85
5 Talents Podcast - Passive Investing, Cashflow, & Wealth Creation in Commercial Real Estate
Andy McMullen - $750M+ in Real Estate, 1000+ Units; Why We Prefer a Mediocre Deal with a Great Operator
Chapters
5 Talents Podcast - Passive Investing, Cashflow, & Wealth Creation in Commercial Real Estate
Andy McMullen - $750M+ in Real Estate, 1000+ Units; Why We Prefer a Mediocre Deal with a Great Operator
Jan 21, 2021 Season 1 Episode 85
Abel Pacheco

Andy is a Managing Partner at Legacy Acquisitions, working also as its Director of Acquisitions. A 20-year veteran in real estate, he has been working with investors to develop strategies that suit their needs, covering strategic acquisition in emerging markets to value-added strategies in local markets. Andy’s knowledge and experience in real estate have earned him more than $750 million in real estate transactions, as well as over 1,000 units.

In this episode, Andy drops some mindset-changing tips that you can apply to real estate investing. He also tells us why it’s all right to have a mediocre deal as long as a great operator is handling it. 

Let’s jump into this episode and hear why great operators matter more in a real estate deal! 

[00:01 - 05:07] Opening Segment

  • I introduce Andy McMullen
  • His path to real estate 

[05:08 - 11:29] Wealth Generation  

  • Boost your serotonin levels
    • Andy explains why
  • Create wealth and keep your faith 

[11:30 - 20:33] Tenant Audit 

  • Don’t miss Andy’s tactical steps as an active operator
  • How to be a successful conservative investor
  • What to watch out for in real estate right now

[20:34 - 35:15] Reversion Cap Rate

  • What’s the biggest part of the deal?
    • Andy’s advice for general partners 
  • We talk about the beauty of Reversion cap rate
  • Mediocre deal with great operator or great deal with mediocre operator
    • Which do we prefer? 

[35:16 - 43:17] Mindset-Changing 

  • Andy tells us why mindset is crucial in real estate 
    • Building habits 
  • He gives inspirational insights about teamwork 
  • Quick announcement from me
    • We just reached 10,000 downloads in 90 days!

[43:18 - 47:27] Closing Segment

  • Connect with Andy. Links below 
  • Final words from Andy and me


Tweetable Quotes:

“For the [limited partners]...there are stars out there that can be, that can turn around stuff that happens.” - Andy McMullen

“It wasn’t until I [started] scaling businesses and working with the team and helping people and being a servant that I was able to kind of really feel like ‘Now I can fire on all cylinders’ because it doesn’t have to be just me.” - Andy McMullen


------------------------------------------------------------------------------------------

Get in touch with Andy on LinkedIn and visit Legacy Acquisitions to learn more about their services. 




Connect with me:

https://www.5tcre.com/

Facebook

LinkedIn

Instagram

Watch 5T CRE on YouTube

Leave us a review and receive your free ebook

Email us --> [email protected]

Support the show (https://www.buymeacoffee.com/5Talents)

Show Notes

Andy is a Managing Partner at Legacy Acquisitions, working also as its Director of Acquisitions. A 20-year veteran in real estate, he has been working with investors to develop strategies that suit their needs, covering strategic acquisition in emerging markets to value-added strategies in local markets. Andy’s knowledge and experience in real estate have earned him more than $750 million in real estate transactions, as well as over 1,000 units.

In this episode, Andy drops some mindset-changing tips that you can apply to real estate investing. He also tells us why it’s all right to have a mediocre deal as long as a great operator is handling it. 

Let’s jump into this episode and hear why great operators matter more in a real estate deal! 

[00:01 - 05:07] Opening Segment

  • I introduce Andy McMullen
  • His path to real estate 

[05:08 - 11:29] Wealth Generation  

  • Boost your serotonin levels
    • Andy explains why
  • Create wealth and keep your faith 

[11:30 - 20:33] Tenant Audit 

  • Don’t miss Andy’s tactical steps as an active operator
  • How to be a successful conservative investor
  • What to watch out for in real estate right now

[20:34 - 35:15] Reversion Cap Rate

  • What’s the biggest part of the deal?
    • Andy’s advice for general partners 
  • We talk about the beauty of Reversion cap rate
  • Mediocre deal with great operator or great deal with mediocre operator
    • Which do we prefer? 

[35:16 - 43:17] Mindset-Changing 

  • Andy tells us why mindset is crucial in real estate 
    • Building habits 
  • He gives inspirational insights about teamwork 
  • Quick announcement from me
    • We just reached 10,000 downloads in 90 days!

[43:18 - 47:27] Closing Segment

  • Connect with Andy. Links below 
  • Final words from Andy and me


Tweetable Quotes:

“For the [limited partners]...there are stars out there that can be, that can turn around stuff that happens.” - Andy McMullen

“It wasn’t until I [started] scaling businesses and working with the team and helping people and being a servant that I was able to kind of really feel like ‘Now I can fire on all cylinders’ because it doesn’t have to be just me.” - Andy McMullen


------------------------------------------------------------------------------------------

Get in touch with Andy on LinkedIn and visit Legacy Acquisitions to learn more about their services. 




Connect with me:

https://www.5tcre.com/

Facebook

LinkedIn

Instagram

Watch 5T CRE on YouTube

Leave us a review and receive your free ebook

Email us --> [email protected]

Support the show (https://www.buymeacoffee.com/5Talents)