I had the pleasure of speaking with Joseph Bramante. He is the co-founder and CEO of TriArc Real Estate Partners, a wholly integrated multifamily investment company. He purchased his first multifamily property in the US in 2011, sight unseen, while working as a business team lead for ExxonMobil in Papua, New Guinea. Today, along with his business partners, he has grown a portfolio of over 1100 units, increasing NOI (net operating income) by over 80% on average within 48 months post-acquisition. Let’s jump into Joseph’s story and get expert advice from a real estate pro! Things you will learn in this episode:[00:01 - 04:29] Opening SegmentHow to get in contact with Joseph See links belowJoseph talks about his career backgroundJoseph shares the beginning of his journey in real estateThe ‘take action’ mindset[04:30 - 22:59] Idea of Lose and Losing Joseph talks about his first deal with 26 unitsIt took 6-9 months to find the dealDidn't have any experience with multifamily before He partnered up with a friend that did not have any experience as wellLeading himself and his friend based on the information he got from booksDo the same due diligence as buying a houseJoseph talks about some missteps that he tookDid not have the detailed plan upfront before he closes the loanHad some scope growthIf you are interested in getting into multifamily or scaling your current business; hop over to our website myersmethod.com to grab your free four-step guide on how to get the ball rolling!Joseph talks about the AC process of getting a permitMissed the submission of environmental [23:00 - 38:19]  Fixing it with the Right People Joseph talks about the local rose group that he joinedHe got a mentor and got some helpHe cashed up his 401KDoubled his original investmentStill on the mindset of saving his money and making real estate as a side jobAlmost lost everything with loan [38:20 - 42:44] Closing SegmentWhat are your words of wisdom to our listeners?“You never gonna know or be ready until you do it.”Joseph talks about the Cap rate compression he got on his first dealCompounding affect Part of his success was getting the right team around himFinal words from meTweetable Quotes: “Make sure you at least 80-90% of your detail plan before closing the loan  .” - Joseph Bramante.“Make sure to distribute some of your savings to make an artificial paycheck to yourself .” -  Joseph Bramante“It is not a one-man show; you have to bring in people to partner with you.” -  Joseph BramanteYou can connect with Joseph on LinkedIn, and you can also visit the website at www.triarcrep.com or email him to [email protected] A REVIEW + help someone who wants to learn more from mistakes and missteps by sharing this episode or clickSupport the showAre you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.

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