Andy Vaughan from an early age knew that he wanted to attain financial freedom as an adult. After working in the insurance industry for about 25 years, he knew he wanted to make some new changes in his life and decided to start investing in real estate. From his connections in the insurance industry, he noticed he had quite a few high net-worth clients that were interested in investing in real estate but had no desire to be a landlord. So he transitioned to helping those connections/clients to invest in multi-family units to generate passive income. 

 

In this episode of Multifamily Real Estate Investments with Don and Eden, Andy discusses everything that happened since that decision to transition into real estate took place in 2016. Andy also shares his strategies behind the number of units he typically looks for to invest in. He will also go over his take on the Southeast real estate market, where he primarily invests and the outlook for the current market today. 

 

Highlights: 

Andy’s Beginnings in Real Estate 

Southeast Current Market

How He Helps Investors Create Passive Income

Number Of Units He Typically Looks For In A Deal  

Current Projects and Future Outlook

 

How to Connect with Andy

Website: backnineinvestors.com 

Email: [email protected] 

Phone #: 318- 614-0681

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Transcription 

Hey guys. Today I'm going to host real estate investor and syndicator Andy Vaughan. Andy was working in the insurance industry, but wanted to make a few changes in his life and decided to start investing in real estate. Today we're going to discuss everything that has happened since that decision took place back in late 2016. What I like about this episode is that it is very inspirational in regards to the fact that Andy had no experience whatsoever in real estate, but his persistence and determination paid out. So stay tuned and let's get started. 

Welcome to the Real Estate Investing Podcast With Don And Eden, where we cover all aspects of real estate investing with special attention to multifamily apartment buildings and off-market strategies. 

Hello Andy and welcome to the show. Thanks. Glad to be here. All right, tell us about your day. What are you up to?

Well, I'm in sunny Louisiana. Hot, humid Sunny Louisiana in August. So it's very uncomfortable outside, but yes it's at least clear here - you should see the weather in Florida. I mean we've had a lot of rain, but fortunately, there are no hurricanes at all. I'm not going to be surprised if there is one on the way. Yes, so tell us a little bit about your real estate background; how you got exposed to real estate in your story so the audience here can get to know you a little bit. 

Well probably like many people I mean I just, through the years all going back to college were always interested in real estate interested in things that could produce. Some people call it passive income and some people call it residual income, but always intrigued with the business itself in general, and I can't dunk a basketball or write a song or sing a song, so I figured I needed to find another way to produce that. Also, the two things that made sense to me in college was insurance, real estate, and background golf. I played on the golf team in high school and college and then worked at golf courses. I would see these grown men there in the middle of the day at the golf course and being inquisitive I would always ask them, what kind of career did they have that allowed them to do that? So the vast majority of those guys were either in insurance, real estate, or sales of some sort. So that's what, being the deep soul that I am has wanted to play golf all day, when I'm in my 40s, so that's what got me interested in it. So it started going down the road, I guess back in 1993, I graduated from college, got in the insurance business, and then insured business now for 26 years. However, as far as real estate, I was one of those