055: Elevate Your Wealth: Brian Cohen on Maximizing Investment & Cash Flow

Are you curious about maintaining consistent cash flow and running your properties efficiently? How can you ensure stability and growth in your investment ventures?

In this episode, Mina and Lidiya talk about Brian Cohen, an experienced investor, and owner of Andover Properties and Storage King USA. We have a deep dive into his illustrious career in the business world, from his beginnings in multifamily properties to his success with self-storage investments. Brian shares his insight on creating relationships with investors by running the properties well and ensuring they have consistent cash flow. He also touches on strategies such as cost segregation for those who choose to hold onto their investments for longer. 

This is an invaluable chat about understanding how people and investments work together so that your wealth can grow over time. Take advantage of this captivating episode with one of the most successful investors!

[00:00 - 03:35] Brian Cohen: From Friends and Family to Institutional Investors

• How Brian started Andover Properties and Storage King USA

• Initially focused on multifamily assets but pivoted to self-storage

• Raised capital from friends and family, then developed a relationship with institutional investors

• Brian is an amazing operator and a friendly, easygoing person who takes the time to answer questions

[03:36 - 06:00] The Benefits of Investing with Friends and Family and Cost Segregation

• Why Brian wants to go back to friends and family investors

• Keep properties longer and manage them correctly for cashflow

• How you can invest money with people like Brian Cohen

[06:01 - 08:51] Wrapping Up!

• Cashflow can be bigger than what you make at work

• Tax benefit of cost segregation when holding properties for longer

Want to connect with Brian? Follow him on LinkedIn. Visit Andover Properties, a trusted and experienced partner for niche asset classes!

Key Quotes:

“If you hold something for longer, you could have better tax benefits.“ - Lidiya Korzhuk

“Do you have to spend all your money on needs and wants? No, you can put some money away, and when it's enough, you can invest with people like Brian Cohen.” - Mina Rickey

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