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Overcoming fear and imposter syndrome can be a significant hurdle to success in any field, including real estate investing. Sometimes, fear can be overwhelming that people are rendered powerless to think, act, and make decisions. So, what will it take to conquer fear, take the first step, and launch your journey to real estate investing success?
In this episode, we chat with Andrew Schutsky of Redline Equity LLC about his journey in real estate investing. Now a thriving investor with 2,000 units under management, he is the first to admit that achieving this level of investing success while running an IT organization for a billion-dollar company, was unimaginable when he started house hacking. Rising above his fears and crushing imposter syndrome, Andrew took action, faced the challenges and grew his investments over time. His journey is full of valuable lessons and tips to help you take your real estate investments to the next level. Don't miss out on this empowering episode!
Key Points from This Episode:
Tweetables:
“A lot of people think they don't have much to offer. But I'm here to tell you that you have more than you think. If you really sit down and inventory and actually start talking to operators where they have gaps or things that they don't like doing that you may be really good at.”
“What's the simplest way to get something done? I love simplicity and that’s what I look for in systems and processes.”
“It's really being thoughtful about where you spend your time, recognizing when you've hit your limits, and pulling back at that point. But there are going to be times when you are imbalanced. Otherwise, you will never get to that !% to 2% where you want to be.”
“I'm a work in progress. I'm on a never-ending journey to improve. I'll never reach a final destination.”
“You’ve got to do what the 1% are willing to do and the 99% are willing to not do.”
“Surround yourself with people who are in the same position and talk through those challenges. It’s way better than just doing nothing sitting at your desk and just shaking.”
“We're never going to get rid of fear but if we are willing to dance with it, it can propel us into action.” - Tyler Chesser
Links Mentioned:
Rhino: Replace Your Security Deposit
"Never Finished: Unshackle Your Mind and Win the War Within" by David Goggins
"Can't Hurt Me: Master Your Mind and Defy the Odds" by David Goggins
"Rich Dad Poor Dad" by Robert Kiyosaki
"The Obstacle Is The Way" by Ryan Holiday
"Daily Stoic" book by Ryan Holiday
“Never Split The Difference” by Christopher Voss and Tahl Raz
"Getting To Yes" by Roger Fisher, et. al. (The Harvard Negotiation Project)
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 15 years of real estate rental experience, beginning with a “house hack” of his first home. In the multifamily investment space, Andrew is currently active as both a GP (General Partner) and LP (Limited Partner) and has ownership interests in over 2000 units. Redline Equity currently manages properties in 3 different markets with over $70MM under management.
Andrew is also the host of the Crushing Cashflow podcast which interviews investors at all stages of their journeys to tell their stories of successes and failures. Additionally, Andrew also currently works in the technology space as a CIO (Chief information officer) for a Medical Technology business based out of Pennsylvania.
He holds a Bachelor’s degree in Information Systems from Drexel University in Philadelphia, PA. Andrew lives in Thornton, PA with his beautiful wife, Jodi, and two fantastic children, Aidan and Jaclyn.
322 епізодів
Elevate with Tyler Chesser - The Real Estate Podcast for Investing, Mindset and Personal Development
Overcoming fear and imposter syndrome can be a significant hurdle to success in any field, including real estate investing. Sometimes, fear can be overwhelming that people are rendered powerless to think, act, and make decisions. So, what will it take to conquer fear, take the first step, and launch your journey to real estate investing success?
In this episode, we chat with Andrew Schutsky of Redline Equity LLC about his journey in real estate investing. Now a thriving investor with 2,000 units under management, he is the first to admit that achieving this level of investing success while running an IT organization for a billion-dollar company, was unimaginable when he started house hacking. Rising above his fears and crushing imposter syndrome, Andrew took action, faced the challenges and grew his investments over time. His journey is full of valuable lessons and tips to help you take your real estate investments to the next level. Don't miss out on this empowering episode!
Key Points from This Episode:
Tweetables:
“A lot of people think they don't have much to offer. But I'm here to tell you that you have more than you think. If you really sit down and inventory and actually start talking to operators where they have gaps or things that they don't like doing that you may be really good at.”
“What's the simplest way to get something done? I love simplicity and that’s what I look for in systems and processes.”
“It's really being thoughtful about where you spend your time, recognizing when you've hit your limits, and pulling back at that point. But there are going to be times when you are imbalanced. Otherwise, you will never get to that !% to 2% where you want to be.”
“I'm a work in progress. I'm on a never-ending journey to improve. I'll never reach a final destination.”
“You’ve got to do what the 1% are willing to do and the 99% are willing to not do.”
“Surround yourself with people who are in the same position and talk through those challenges. It’s way better than just doing nothing sitting at your desk and just shaking.”
“We're never going to get rid of fear but if we are willing to dance with it, it can propel us into action.” - Tyler Chesser
Links Mentioned:
Rhino: Replace Your Security Deposit
"Never Finished: Unshackle Your Mind and Win the War Within" by David Goggins
"Can't Hurt Me: Master Your Mind and Defy the Odds" by David Goggins
"Rich Dad Poor Dad" by Robert Kiyosaki
"The Obstacle Is The Way" by Ryan Holiday
"Daily Stoic" book by Ryan Holiday
“Never Split The Difference” by Christopher Voss and Tahl Raz
"Getting To Yes" by Roger Fisher, et. al. (The Harvard Negotiation Project)
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 15 years of real estate rental experience, beginning with a “house hack” of his first home. In the multifamily investment space, Andrew is currently active as both a GP (General Partner) and LP (Limited Partner) and has ownership interests in over 2000 units. Redline Equity currently manages properties in 3 different markets with over $70MM under management.
Andrew is also the host of the Crushing Cashflow podcast which interviews investors at all stages of their journeys to tell their stories of successes and failures. Additionally, Andrew also currently works in the technology space as a CIO (Chief information officer) for a Medical Technology business based out of Pennsylvania.
He holds a Bachelor’s degree in Information Systems from Drexel University in Philadelphia, PA. Andrew lives in Thornton, PA with his beautiful wife, Jodi, and two fantastic children, Aidan and Jaclyn.
322 епізодів
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