Multifamily in 2024: Boots on the Ground with Brian Briscoe

Published: March 4, 2024, 10 a.m.

b'How can the conservative yet burgeoning market of Salt Lake City redefine multifamily real estate investing in an era of economic fluctuations?\\n\\xa0\\nIn this episode, Taylor Loht welcomes Brian Briscoe, a seasoned real estate investor and retired U.S. Marine, to discuss the intricacies of multifamily real estate investing, particularly in the promising market of Salt Lake City, Utah. Amid high-interest rates and market turmoil, Brian shares his journey from military service to real estate success, focusing on strategic market selection, the importance of growth areas, and navigating current challenges. Their conversation offers invaluable insights into long-term investment strategies, the impact of economic cycles on real estate, and the potential of Salt Lake City as a prime investment location.\\n\\xa0\\nBrian Briscoe is the founder and Visionary of Streamline Capital Group and has been a general partner in 1100 units worth over $120 million and has been lead sponsor, asset manager, capital raiser, and key principal on these properties. He founded Streamline Capital Group to provide long-term growth and cash flow for its investors.\\n\\n[00:00:00 - 00:05:00] The Strategic Pivot to Salt Lake City\\n\\xa0\\nBrian\'s shift to focusing on Salt Lake City for multifamily investments.\\nSalt Lake City\'s rapid growth and vibrant economy offer unique investment opportunities.\\nThe importance of selecting a market with potential for long-term growth.\\nNavigating high interest rates and prices by focusing on strategic geographical areas.\\n[00:05:00 - 00:10:00] Navigating Market Challenges\\n\\xa0\\nDiscussion on the current state of the market and strategies for dealing with distressed properties.\\nSalt Lake City\'s conservative fiscal culture minimizes distressed property occurrences.\\nStrategic acquisitions in a tight market.\\nThe role of patience and timing in capitalizing on market challenges.\\n\\xa0\\n[00:10:00 - 00:12:00] Education and Aspirations in Real Estate\\n\\xa0\\nBrian talks about the slowdown in real estate education interest and maintaining aspirations.\\nThe impact of market conditions on education and new investor entry.\\nThe importance of timing and preparation in real estate investing.\\nEncouragement to persist despite challenging market conditions.\\n[00:12:00 - 00:15:00] Adapting Business Strategies\\n\\xa0\\nExploring the value-add business model and adjustments to business plans.\\nThe necessity of flexible exit strategies in uncertain times.\\nAdapting investment strategies to current market conditions.\\nThe shift towards assuming loans for better investment terms.\\n\\xa0\\n[00:15:00 - 00:19:00] Loan Assumption and Closing Thoughts\\n\\xa0\\nInsights into the loan assumption process and Brian\'s personal and professional reflections.\\nThe benefits and challenges of loan assumption as a strategy.\\nThe importance of a strong team and financial qualifications.\\nReflections on personal motivations and long-term visions in real estate.\\nBook recommendation: The Book of Mormon\\nWho inspires Brian?: His kids.\\xa0\\n\\nQuotes:\\n\\xa0\\n"The best thing you can do is pick an area that\'s going to grow." - Brian Briscoe\\xa0\\n\\xa0\\n"The pendulum rarely stays on one extreme for very long." - Brian Briscoe\\n\\nConnect with Brian:\\nWebsite: https://www.streamlinecapitalgroup.com/\\n\\xa0\\nApply to Invest with Taylor at www.investwithtaylor.com\\nTrack your wealth for free with Personal Capital, go to www.escapingwallstreet.com\\nPlease leave a review and help others escape Wall Street and build wealth on Main Street!'