Doing the right thing with 130 Section 8 Units - Andy Cairns
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Description
Andy Cairns, a real estate investor, shares his journey and insights in the industry. Starting in 2020, he acquired around 30 single-family homes, driven by the need to secure his retirement. With a portfolio of approximately 130 single-family properties, Andy discusses the challenges and benefits of managing single-family homes versus multifamily units. He highlights his work with women and children in facilities and his commitment to helping as many people as possible. Andy also shares experiences of managing multifamily units during the COVID-19 pandemic and the importance of finding the right Section 8 tenant. His strategy involves buying, fixing up, renting out, and refinancing properties, using the BRRR method. Challenges in finding good deals and the decision to self-manage properties are explored. Andy discusses developing an app to analyze deals but expresses concerns about liability. The conversation delves into real estate goals, integrity, and partnerships, emphasizing asset accumulation and learning from past mistakes. Chapters 00:00 Introduction to the Stay Ready Real Estate Podcast 02:06 Andy Kearns' Current Portfolio 04:16 Finding the Right Section 8 Tenant 06:28 Developing an App for Underwriting and Analyzing Deals 08:52 Goals and End Game 10:52 The Challenges of Working in Real Estate 13:06 Wholesaling Distressed Properties 14:52 The Importance of Cash Flow and Equity 14:59 Crazy Experiences in the Real Estate World 15:01 Planning for Retirement with Passive Income 16:09 Recommended Books for Aspiring Investors 17:12 Using Assets to Pay for Liabilities 17:53 How to Reach Emeka 18:11 Raising Money for the Business 18:36 Introduction 18:39 Step 1: Visit the Local Housing Authority 19:22 Step 2: Networking at Real Estate Meetups 19:56 Step 3: Understanding the Local Market 20:26 Conclusion Connect with Andy Cairns : Website: https://www.skyefive.com/our-company/ Facebook: https://www.facebook.com/TheAndrewCairns Instagram: https://www.instagram.com/theandrewcairns/ TikTok: https://www.tiktok.com/@theandrewcairns Connect with Emeka Ogbonna: Website: Gobonnaequity.com Instagram: https://www.instagram.com/stayreadyrealestate/ Podcast: https://rss.com/podcasts/stayreadyrealestate/ LinkedIn: https://www.linkedin.com/in/emeka-ogbonna-481379164/ YouTube: https://youtube.com/playlist?list=PLIeAZ-rMMFqhE44gu23a0Tqo7a5xqemQD&si=81iIqKvKfCl05ktM Spotify: https://open.spotify.com/show/7C5pv7sUSF0qEcotOmdElm
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