AREI 59: Rethink Your Retirement Age with Andrew Schutsky
The three most common sources of retirement income are traditionally known as the three-legged retirement chair, which consists of pensions, social security, and personal savings. For decades, retirees and investors have been able to rely on the support of these three pillars. However, that chair has been broken in recent years, forcing investors and soon-to-be retiring people to lean one foot over the other or look for other sources of retirement income.
In this episode Andrew shares his story on how he was able to rethink his retirement age and set a plan for himself and his family that allowed him to walk towards to achieve his goals and that magic number. Come join us and listen in!
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 14 years of real estate rental experience, beginning with a “house hack” of his first home in 2007. In the multifamily investment space, Andrew is currently active as both a GP and LP and has ownership interest in over 1100 units.
[00:01 - 00:40]
• We welcome Andrew Schutsky to the show
[00:41 - 02:24]
]• Andrew Schutsky's background how he started investing in real estate. [02:25 - 03:43]• Starting with short term rentals and how he manages them?
[03:47 - 05:04]
•Being a CIO and a Lead Syndicator is it possible?
[05:05 - 05:46]
• What gets him the most excited about it all?
[06:03 - 10:22]
• A way for you not to work until you're 65. Why people are still hesitant?
[10:29 - 13:43]
• Knowing that it’s a 50-50 chance and why is it really risky?
[14:03 - 16:32]
•The importance of having extra protection for our finances.
[16:34 - 21:48]
• What legacy does Andrew want to leave out at work and in his family?
[22:07 - 26:16] Closing Segment
• Asking Andrew Schutsky the Adventurous Four
Memorable Quotes:
"All this considered, why not? Why not you? Why not me? Start to build something that could become something much, much bigger with, one piece, one brick at a time.
So why not take action to de-risk your personal situation for yourself, for your family, for your kids, maybe for your legacy, right? How big of an impact do you want to leave for your, not only for yourself, but think, one or two generations down. That's why I do what I do. "
- Andrew Schutsky
Until next time…
Explore more. Adventure awaits.
