$250M Operator Reveals: How to Avoid Bad Multifamily Deals w/ Andrew Cushman
👉 Get 25+ Passive Investment Deals in Your Inbox:
http://growyourcashflow.io/investing-starter-kit-yt
How do you know if your multifamily operator actually knows what they’re doing?
One bad deal can erase years of returns — and in today’s market, picking the wrong GP can be devastating.
Today on The Passive Income Playbook, Pascal Wagner sits down with Andrew Cushman, founder of Vantage Point Acquisitions — one of the most respected multifamily operators in the GoBundance community. Over the past 14 years, Andrew has acquired and repositioned nearly 2,900 units across the Southeastern U.S., focusing on A– to B–class workforce housing between 80–200 units.
With over $250M in assets under management and zero investor losses, Andrew shares how he underwrites deals, evaluates markets, and avoids the traps that have taken down less experienced sponsors.
In this episode, you’ll learn:
✅ How to identify red flags in multifamily deals before you invest
✅ The questions that reveal whether a GP actually knows what they’re doing
✅ Why management efficiency is often the biggest driver of returns
✅ How to verify operator credibility beyond the pitch deck
✅ And how seasoned operators are navigating today’s market volatility
If you’re an LP looking to protect your capital and compound returns safely, this episode is a masterclass in due diligence and disciplined investing.
Chapters:
00:00 – Introduction: Meet Andrew Cushman
02:00 – From Engineer to Multifamily Investor: Andrew's Journey
06:45 – Defining the Niche: Upper Workforce Housing
09:30 – Management Efficiency & On-Site Operations
15:36 – Real Value-Add vs Cosmetic Upgrades
21:12 – Understanding Demographics and Affordability
25:48 – How to Fact-Check Deals in 5 Minutes
30:00 – Market Trends: The Rise of Preferred Equity
45:00 – The Importance of Transparency & Track Record
http://growyourcashflow.io/investing-starter-kit-yt
How do you know if your multifamily operator actually knows what they’re doing?
One bad deal can erase years of returns — and in today’s market, picking the wrong GP can be devastating.
Today on The Passive Income Playbook, Pascal Wagner sits down with Andrew Cushman, founder of Vantage Point Acquisitions — one of the most respected multifamily operators in the GoBundance community. Over the past 14 years, Andrew has acquired and repositioned nearly 2,900 units across the Southeastern U.S., focusing on A– to B–class workforce housing between 80–200 units.
With over $250M in assets under management and zero investor losses, Andrew shares how he underwrites deals, evaluates markets, and avoids the traps that have taken down less experienced sponsors.
In this episode, you’ll learn:
✅ How to identify red flags in multifamily deals before you invest
✅ The questions that reveal whether a GP actually knows what they’re doing
✅ Why management efficiency is often the biggest driver of returns
✅ How to verify operator credibility beyond the pitch deck
✅ And how seasoned operators are navigating today’s market volatility
If you’re an LP looking to protect your capital and compound returns safely, this episode is a masterclass in due diligence and disciplined investing.
Chapters:
00:00 – Introduction: Meet Andrew Cushman
02:00 – From Engineer to Multifamily Investor: Andrew's Journey
06:45 – Defining the Niche: Upper Workforce Housing
09:30 – Management Efficiency & On-Site Operations
15:36 – Real Value-Add vs Cosmetic Upgrades
21:12 – Understanding Demographics and Affordability
25:48 – How to Fact-Check Deals in 5 Minutes
30:00 – Market Trends: The Rise of Preferred Equity
45:00 – The Importance of Transparency & Track Record
Creators and Guests
Host
Pascal Wagner
I help accredited entrepreneurs & executives in the US replace their primary income through private investments.
Guest
Andrew Cushman
Visit vpacq.com to schedule a call to connect. In today's rate and market environments, it is difficult for investors to get good yields on their investments, especially for those who are too busy to constantly research or those who wish to invest outside of their area of expertise. Andrew solves this problem by providing high-yield multifamily investment opportunities to accredited investors. Andrew is a details-driven real estate professional who leaves no stone unturned when vetting deals. His passion drives him forward in entrepreneurial endeavors but his easygoing, friendly spirit is what builds lasting friendships with his investors and business partners. When he's not looking for and managing deals, you can find Andrew surfing, backcountry skiing, or chasing around his young children. He believes in building passive income streams in order to free up more time for enjoying family and the personal hobbies/passions that make life a little bit more exciting.
