EPISODE · Nov 10, 2023 · 49 MIN
How to scale your portfolio to 100+ units in an expensive market while cash flowing 10K+ a month! | Andrew (Andy) Cairns
from Affordable Housing & Real Estate Investing
DM me the word "Affordable" on IG @InvestWithKentHe if you would like to join our Exclusive Free Facebook Community full of Affordable Housing Investors!Please SUBSCRIBE to youtube.com/@kent_he for more content related to Affordable Housing & Real Estate Investing!https://padsplit.referral-factory.com/OXd4uS/join^Please support our Affordable Housing podcast by using our referral link above to get access so you can see if @PadSplit is the right platform for your co-living rental properties^We're so excited to welcome Andrew ("Andy") Cairns onto the podcast! Andy is the proud owner of Ayetex with his wife Anya. For them, it’s all about real people then real estate – buying underperforming assets and turning them around so they can continue providing affordable housing opportunities for future generations which is why they created Ayetex!Ayetex is a family centric, Texas based real estate investment company specializing in commercial multi-family. Since our inception in 2020 they have acquired a portfolio of over 120 homes in the central Texas region. They focus on community impact and have been privileged to work with Section 8, Salvation Army & Women’s Shelter, Oxford Housing.During this conversation on the latest episode of "Affordable Housing & Real Estate Investing", we're going to chat about:1) Andy's background and how / why he got started in real estate investing, particularly in Affordable Housing2) What does Andy's portfolio look like today in terms of # of units and cash flow per month?3) Deal deep-dive - an example of a property Andy and his team recently purchased with purchase price, renovation budget, cash flow, and appreciation!4) How did Andy build his team to acquire so many units?! How did he screen his contractors for his rehabs?5) Issues / horror stories (renovations or tenants) from Andy's experience and how did he deal with those issues6) What has been Andy's experience with Section 8 tenants? How does Andy screen his tenants and what are his pro tips that our listeners should implement today to increase their likelihood of success?7) Why is Affordable Housing (i.e., the lack of supply) so hard to solve for?8) What does Andy need in his business today?! How can the audience members reach out to Andy?We use Steadily for our Landlord Insurance Policy! Please support our Affordable Housing Podcast by using our referral link to get a free quote for Steadily’s affordable insurance and see if it's the right fit for you: https://kenthe.steadilypartner.com/ DISCLAIMER: We are NOT insurance agents and we are not providing any insurance advice re: appropriate coverages for your properties.ALL INFORMATION & DETAILS SHARED ARE MEANT TO BE FOR ENTERTAINMENT PURPOSES ONLY. THIS IS NOT LEGAL, FINANCIAL, OR INVESTMENT ADVICE. THIS IS NOT A SOLICITATION FOR ANY INVESTMENTS AND SHOULD NOT BE CONSTRUED AS SUCH IN ANY FORM. All investments have risks. This is not an offer to purchase securities.
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How to scale your portfolio to 100+ units in an expensive market while cash flowing 10K+ a month! | Andrew (Andy) Cairns
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