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Passive Income Brothers - 31. The Passive Income Possibilities from Multifamily and Short-Term Rentals with Andrew Schutsky

31. The Passive Income Possibilities from Multifamily and Short-Term Rentals with Andrew Schutsky

Explicit content warning

07/06/22 • 33 min

Passive Income Brothers

Is it difficult for someone in an executive-level corporate job to build a successful real estate career? Tune in to find out as Andrew Schutsky dive in with us to share the massive benefits of his humble beginning from small while working full-time to a higher level of investing business. This episode is about mindset and decision-making when scaling a short-term and multifamily business, so don't miss this!
WHAT TO LISTEN FOR
Markets you could consider for multifamily investments
Why do most investors start with single-family rentals?
The mindset you must have before taking action and putting your vision into reality
2 key principles in balancing w2 jobs with real estate investing
How to overcome limiting beliefs and generate awareness about real estate
RESOURCES/LINKS MENTIONED
The Bezos Letters by Steve Anderson and Karen Anderson https://amzn.to/3zPnXCM
Rich Dad Poor Dad by Robert Kiyosaki https://amzn.to/3PFfCqL
Rich Dad's CASHFLOW Quadrant https://amzn.to/3GnHnju
Who Stole My Pension? by Robert Kiyosaki, Edward Siedle, Tom Parks, Brilliance Audio https://amzn.to/3IeOzPE
Rich Dad's Who Took My Money? by Robert T. Kiyosaki, Tim Wheeler, Brilliance Audio https://amzn.to/3nD29Tw
ABOUT ANDREW SCHUTSKY
Andrew is the founder of Redline Equity, LLC, a real estate syndication firm specializing in the acquisition, improvement, and management of large apartment buildings. He also has over 14 years of real estate rental experience, beginning with a “house hack” of his first home in 2007.
In the multifamily investment space, He’s currently active as both a GP and LP and has ownership interest in over 1100 units. He likes to move quickly and take massive action - In his first 5 months, he closed 2 deals as a GP. He’s also the host of the Crushing Cashflow podcast which interviews investors of all stages of their journeys to tell their stories of successes and failures. Additionally, he also currently works in the technology space as a CIO (Chief information officer) for a $700MM Medical Technology business based out of Pennsylvania. He holds a Bachelor’s degree in Information Systems from Drexel University in Philadelphia, PA. He lives in Thornton, PA with his beautiful wife, Jodi, and two children, Aidan and Jaclyn.
CONNECT WITH ANDREW
Website: Redline Equity, LLC
Facebook: Redline Equity, LLC
LinkedIn: Redline Equity, LLC
CONNECT WITH US
To learn more about investment opportunities, joi

Tim Lyons, Greg Lyons and Paul Dircks are Registered Representatives of Finalis Securities LLC, member FINRA/SIPC. This material has been prepared for information and educational purposes only, and it is not intended to provide, nor should it be relied on for tax, legal, or investment advice. Investors should consult with their own tax, legal, and financial professionals before investing. Podcasts reflect the opinions of only the authors who are Registered Representatives of Finalis and do not reflect the views of Finalis, Inc. or any of its subsidiaries or affiliates. Real estate investments are generally highly risky. They can be volatile, unpredictable, illiquid, and are subject to ebbs and flows and market shifts. Investors also risk the loss of all principal investments. Any third-party information provided therein does not reflect the views of Finalis or any of their subsidiaries or affiliates.

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Is it difficult for someone in an executive-level corporate job to build a successful real estate career? Tune in to find out as Andrew Schutsky dive in with us to share the massive benefits of his humble beginning from small while working full-time to a higher level of investing business. This episode is about mindset and decision-making when scaling a short-term and multifamily business, so don't miss this!
WHAT TO LISTEN FOR
Markets you could consider for multifamily investments
Why do most investors start with single-family rentals?
The mindset you must have before taking action and putting your vision into reality
2 key principles in balancing w2 jobs with real estate investing
How to overcome limiting beliefs and generate awareness about real estate
RESOURCES/LINKS MENTIONED
The Bezos Letters by Steve Anderson and Karen Anderson https://amzn.to/3zPnXCM
Rich Dad Poor Dad by Robert Kiyosaki https://amzn.to/3PFfCqL
Rich Dad's CASHFLOW Quadrant https://amzn.to/3GnHnju
Who Stole My Pension? by Robert Kiyosaki, Edward Siedle, Tom Parks, Brilliance Audio https://amzn.to/3IeOzPE
Rich Dad's Who Took My Money? by Robert T. Kiyosaki, Tim Wheeler, Brilliance Audio https://amzn.to/3nD29Tw
ABOUT ANDREW SCHUTSKY
Andrew is the founder of Redline Equity, LLC, a real estate syndication firm specializing in the acquisition, improvement, and management of large apartment buildings. He also has over 14 years of real estate rental experience, beginning with a “house hack” of his first home in 2007.
In the multifamily investment space, He’s currently active as both a GP and LP and has ownership interest in over 1100 units. He likes to move quickly and take massive action - In his first 5 months, he closed 2 deals as a GP. He’s also the host of the Crushing Cashflow podcast which interviews investors of all stages of their journeys to tell their stories of successes and failures. Additionally, he also currently works in the technology space as a CIO (Chief information officer) for a $700MM Medical Technology business based out of Pennsylvania. He holds a Bachelor’s degree in Information Systems from Drexel University in Philadelphia, PA. He lives in Thornton, PA with his beautiful wife, Jodi, and two children, Aidan and Jaclyn.
CONNECT WITH ANDREW
Website: Redline Equity, LLC
Facebook: Redline Equity, LLC
LinkedIn: Redline Equity, LLC
CONNECT WITH US
To learn more about investment opportunities, joi

Tim Lyons, Greg Lyons and Paul Dircks are Registered Representatives of Finalis Securities LLC, member FINRA/SIPC. This material has been prepared for information and educational purposes only, and it is not intended to provide, nor should it be relied on for tax, legal, or investment advice. Investors should consult with their own tax, legal, and financial professionals before investing. Podcasts reflect the opinions of only the authors who are Registered Representatives of Finalis and do not reflect the views of Finalis, Inc. or any of its subsidiaries or affiliates. Real estate investments are generally highly risky. They can be volatile, unpredictable, illiquid, and are subject to ebbs and flows and market shifts. Investors also risk the loss of all principal investments. Any third-party information provided therein does not reflect the views of Finalis or any of their subsidiaries or affiliates.

Previous Episode

undefined - 30. DST & 1031 Exchange: Profitable Strategies in Real Estate with Brandon Bruckman

30. DST & 1031 Exchange: Profitable Strategies in Real Estate with Brandon Bruckman

One of the obscenely wealthy's main strategies to defer taxes and increase their investment is 1031 exchanges. In today's show, we have an expert in this space Brandon Bruckman who talks about how the 1031 exchange minimizes capital gains and tax liabilities while investing in tangible assets and tactics that investors utilize to move from active to passive investments.
WHAT TO LISTEN FOR
1031 Exchange: Overview and client alternative services
The basics and biggest mistakes in the 1031 exchange
1031 Exchange’s eligible clients and business types
High-level points to look at in a 1031 exchange and DST (Delaware Statutory Trust) business
Advantages of real estate and proper leveraging
ABOUT BRANDON BRUCKMAN
Brandon is an investment adviser and advisory board member at Insight Investment Advisers, Milwaukee office. He is focused on growing the 1031 / DST business as well as adding investment clients. He also leads the marketing efforts and investment due diligence. Prior to Insight, Brandon founded West Chapman & Co., a consultancy that assists clients in growing their business by gaining insights through data. He has assisted large and small businesses in industries ranging from Financial Services to Logistics to Pharmaceuticals. He worked at a prominent Hedge Fund as the Head of Fixed Income Financing. Following that experience, he co-founded a Healthcare consultancy assisting hospitals in making vendor selections.

CONNECT WITH BRANDON
Website: https://www.investwithinsight.com/
LinkedIn: https://www.linkedin.com/in/brandonbruckman/
Email: [email protected]
Phone number: (414)-882-8738
Schedule time with Brandon: https://calendly.com/brandon-1031x
CONNECT WITH US
To learn more about investment opportunities, join the Cityside Capital Investor Club: https://citysidecap.com/
Follow us on Facebook: https://web.facebook.com/Citysidecap/
Follow us on Instagram: https://www.instagram.com/citysidecapital_tim_lyons/
Connect with us on LinkedIn: https://www.linkedin.com/in/tim-lyons-cityside-capital/

Tim Lyons, Greg Lyons and Paul Dircks are Registered Representatives of Finalis Securities LLC, member FINRA/SIPC. This material has been prepared for information and educational purposes only, and it is not intended to provide, nor should it be relied on for tax, legal, or investment advice. Investors should consult with their own tax, legal, and financial professionals before investing. Podcasts reflect the opinions of only the authors who are Registered Representatives of Finalis and do not reflect the views of Finalis, Inc. or any of its subsidiaries or affiliates. Real estate investments are generally highly risky. They can be volatile, unpredictable, illiquid, and are subject to ebbs and flows and market shifts. Investors also risk the loss of all principal investments. Any third-party information provided therein does not reflect the views of Finalis or any of their subsidiaries or affiliates.

Next Episode

undefined - 32. Using Your Active Income to Create Multiple Revenue Streams in Real Estate with Dr. Jeff Anzalone

32. Using Your Active Income to Create Multiple Revenue Streams in Real Estate with Dr. Jeff Anzalone

Are you a high-income professional who feels trapped in an endless work cycle? Join Dr. Jeff Anzalone as he gives us sophisticated methods for managing finances and preserving wealth. Start investing passively in real estate and achieve financial independence by listening to this episode!
WHAT TO LISTEN FOR
What makes real estate an attractive source of income?
The benefits of education, taking action, and mentorship in building a foundation for investment success
A smart way to approach active and passive investing
Why first-time investors should consider partnering with deal sponsors?
Things you need to know about how real estate and stocks generate income
RESOURCES/LINKS MENTIONED
Dave Ramsey
The Ultimate Passive Income Guide - Debt-Free Doctor
ABOUT DR. JEFF ANZALONE
Dr. Jeff Anzalone is a full-time practicing periodontist in the great state of Louisiana. He is the author and founder of DebtFreeDr.com, a service that helps doctors and healthcare professionals to create passive income while still working in the medical space. His main focus is helping doctors and other high-income professionals create passive income from real estate so that they can STOP trading their time for money.
CONNECT WITH DR. JEFF
Website: Debt-Free Doctor http://debtfreedr.com/
LinkedIn: https://www.linkedin.com/in/debtfreedr/
CONNECT WITH US
To learn more about investment opportunities, join the Cityside Capital Investor Club.

Follow us on Facebook: Cityside Capital

Follow us on Instagram: @citysidecapital_tim_lyons

Connect with us on LinkedIn: Tim Lyons

Tim Lyons, Greg Lyons and Paul Dircks are Registered Representatives of Finalis Securities LLC, member FINRA/SIPC. This material has been prepared for information and educational purposes only, and it is not intended to provide, nor should it be relied on for tax, legal, or investment advice. Investors should consult with their own tax, legal, and financial professionals before investing. Podcasts reflect the opinions of only the authors who are Registered Representatives of Finalis and do not reflect the views of Finalis, Inc. or any of its subsidiaries or affiliates. Real estate investments are generally highly risky. They can be volatile, unpredictable, illiquid, and are subject to ebbs and flows and market shifts. Investors also risk the loss of all principal investments. Any third-party information provided therein does not reflect the views of Finalis or any of their subsidiaries or affiliates.

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