Wholesaling Blueprint: Episode 28 - Andrew Cross

In Episode 28 of Wholesaling Blueprint, Tez Arbertha and Heriberto Pando are joined by special guest Andrew Cross for a candid and insightful conversation on the highs and lows of real estate investing. Andrew, a seasoned investor known for his bold moves, shares his journey into multifamily properties and the challenges that come with navigating today’s market. 📈🏢

The episode kicks off with Andrew recounting his recent experience of purchasing an apartment complex. Reflecting on his decision, he admits, "I probably should've waited a little bit. I went in with $50,000 when my friend advised I needed at least $500,000. I missed a zero!" Despite the challenges, Andrew remains positive, noting how relationships with banks and strategic financing have helped him navigate rough patches. 🏦

As the discussion unfolds, Andrew talks about the impact of rising interest rates on his cash flow, with margins shrinking and unexpected costs eating into profits. "When your spread goes down from $500 to $120, an AC unit going out can wipe out five years of income," he says, offering an honest look into the realities of managing rental properties in a changing market. 🌡️💸

This episode is packed with valuable lessons on resilience, financial planning, and the importance of building strong relationships within the industry. Whether you’re a new investor or a seasoned pro, tune in to Episode 28 for actionable insights and a deeper understanding of the current real estate landscape from Andrew Cross. 🎙️🚀