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Listen "335: Why Buy Newer Properties with Drew Breneman"
Episode Synopsis
-Started an internet business in high school. I saved all the money from it and acquired my first rental property at age 19 back in 2005.
-Founder of Breneman Capital
-Breneman Capital specializes in investing in multifamily in Phoenix, Dallas, and Austin
-Invested in a variety of geographies and asset classes: Multifamily in Madison, WI (2005-2007). Then industrial, office, and retail in Minneapolis St. Paul (2008-2012). Multifamily and mixed-use in Chicago (2013-2020) before focusing on only multifamily in Austin, Dallas, and Phoenix (2021-Today).
-Acquired $200M+ of investment property as key/sole GP.
-25%+ average realized IRR on investments sold
-15 deals have executed full cash-out refinances of all our initial equity
-Host of the Breneman Blueprint podcast
-Started out with a duplex and have worked my way up to $30M+ deals. All self made starting from scratch - my parents are public school teachers, so didn't start with any capital of theirs or connections.
*DISCLAIMER - We are not giving any financial advice. Please DYOR*
(00:00 - 02:59) Opening Segment
- Drew is introduced as the guest Hosts
- Drew shares something interesting about himself
(02:59 - 26:32) Why buy newer properties
- Why Multifamily
- Breneman Capital: How We Set Up The Company / What Makes Us Different
- Differences between these markets and how to pick a market
- Then from there close it out with:
- Biggest mistakes I see LPs make
- How to do your first deal
- What types of deals to do today
- Entrepreneurship/Mindset
- Skills to develop to succeed in investing in real estate
How to build wealth in real estate,
how to vet sponsors,
biggest mistakes I see LPs making,
red flags to look out for with deals and sponsors.
(26:32- 30:37) Fire Round
- Drew shared if she would change his investment strategy
- Drew also shares his favorite Finance, real estate book, or any related book
- Also Drew shared about the website and tools that he can recommend
- Drew's advice to beginner investors
- Also shared how he gives back
(30:37 - 31:56) Closing Segment
-If you want to learn more about the discussion, you can watch the podcast on Wealth Matter’s YouTube channel and you can reach out to Alpesh using this link.
Check us out at:
Facebook: @wealthmatrs
IG: @wealthmatrs.ig
Tiktok: @wealthmatrs
-Founder of Breneman Capital
-Breneman Capital specializes in investing in multifamily in Phoenix, Dallas, and Austin
-Invested in a variety of geographies and asset classes: Multifamily in Madison, WI (2005-2007). Then industrial, office, and retail in Minneapolis St. Paul (2008-2012). Multifamily and mixed-use in Chicago (2013-2020) before focusing on only multifamily in Austin, Dallas, and Phoenix (2021-Today).
-Acquired $200M+ of investment property as key/sole GP.
-25%+ average realized IRR on investments sold
-15 deals have executed full cash-out refinances of all our initial equity
-Host of the Breneman Blueprint podcast
-Started out with a duplex and have worked my way up to $30M+ deals. All self made starting from scratch - my parents are public school teachers, so didn't start with any capital of theirs or connections.
*DISCLAIMER - We are not giving any financial advice. Please DYOR*
(00:00 - 02:59) Opening Segment
- Drew is introduced as the guest Hosts
- Drew shares something interesting about himself
(02:59 - 26:32) Why buy newer properties
- Why Multifamily
- Breneman Capital: How We Set Up The Company / What Makes Us Different
- Differences between these markets and how to pick a market
- Then from there close it out with:
- Biggest mistakes I see LPs make
- How to do your first deal
- What types of deals to do today
- Entrepreneurship/Mindset
- Skills to develop to succeed in investing in real estate
How to build wealth in real estate,
how to vet sponsors,
biggest mistakes I see LPs making,
red flags to look out for with deals and sponsors.
(26:32- 30:37) Fire Round
- Drew shared if she would change his investment strategy
- Drew also shares his favorite Finance, real estate book, or any related book
- Also Drew shared about the website and tools that he can recommend
- Drew's advice to beginner investors
- Also shared how he gives back
(30:37 - 31:56) Closing Segment
-If you want to learn more about the discussion, you can watch the podcast on Wealth Matter’s YouTube channel and you can reach out to Alpesh using this link.
Check us out at:
Facebook: @wealthmatrs
IG: @wealthmatrs.ig
Tiktok: @wealthmatrs
In God we trust