335: Why Buy Newer Properties with Drew Breneman

<p>-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.</p> <p>-Founder of Breneman Capital</p> <p>-Breneman Capital specializes in investing in multifamily in Phoenix, Dallas, and Austin</p> <p>-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).</p> <p>-Acquired $200M+ of investment property as key/sole GP.</p> <p>-25%+ average realized IRR on investments sold</p> <p>-15 deals have executed full cash-out refinances of all our initial equity</p> <p>-Host of the Breneman Blueprint podcast</p> <p>-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&#39;t start with any capital of theirs or connections.</p> <p><br></p> <p>*DISCLAIMER - We are not giving any financial advice. Please DYOR*</p> <p><br></p> <p><strong>(00:00 - 02:59) Opening Segment</strong></p> <p>- Drew is introduced as the guest Hosts</p> <p>- Drew shares something interesting about himself</p> <p><br></p> <p><strong>(02:59 - 26:32) Why buy newer properties</strong></p> <p>- Why Multifamily</p> <p>- Breneman Capital: How We Set Up The Company / What Makes Us Different</p> <p>- Differences between these markets and how to pick a market</p> <p>- Then from there close it out with:</p> <p>- Biggest mistakes I see LPs make</p> <p>- How to do your first deal</p> <p>- What types of deals to do today</p> <p>- Entrepreneurship/Mindset</p> <p>- Skills to develop to succeed in investing in real estate</p> <p>How to build wealth in real estate, </p> <p>how to vet sponsors, </p> <p>biggest mistakes I see LPs making, </p> <p>red flags to look out for with deals and sponsors.</p> <p><br></p> <p><strong>(26:32- 30:37) Fire Round</strong></p