Scale from $2MM to $200MM: 3 Types of Real Estate Education with Drew Breneman

Published: July 10, 2023, 7 a.m.

b'Ever wondered how to leverage technology for real estate investing, navigate the diverse landscape of deals, and secure financing to kickstart your journey?\\xa0\\n\\xa0\\nJump into this episode as Drew shares his thoughts on the impact of technology on real estate investing and how it is changing how deals are done. He touches on the importance of understanding the different types of deals, such as multifamily, single-family, and commercial investments. He also talks about how to finance deals through traditional lenders and private money options. Finally, Drew provides advice on how to get started in real estate investing and some key tips for success.\\xa0\\n\\xa0\\nTune in to hear Drew Breneman\'s story and gain valuable insight into real estate investing!\\n\\xa0\\n[00:01 - 08:45] Opening Segment\\nDrew Breneman is a successful real estate investor who started with his first deals while he was in college\\nDrew began selling items online when he was a teenager and saved all the money from doing it\\nHe read books about investing, such as Rich Dad, Poor Dad, and Think and Grow Rich, as a 16-year-old\\nHe invested in stocks, mutual funds, and options before getting into real estate\\n\\xa0\\n[08:46 - 15:30] How Drew Scaled Up His Portfolio with Just $2M in Deals\\nDrew started investing in real estate in 2005 while in college\\nFocused on making sure the property was cashflow positive\\nSold the first deal for $270,000 after one year\\nBought the second property using money from refinancing both loans on the first property\\nSpecialized in multifamily properties in Sunbelt cities (Phoenix, Dallas, Austin)\\n\\xa0\\n[15:31 - 23:54] The Power of Long-Term Investing and Different Types of Education\\nRaising rents will increase the value of property\\nSold first property for a profit, sold third for $780,000\\nBought fourth property for $670,000 and sold it for $1,000,022 in 2017\\nEducation in real estate: formal (degree), semi-formal (working for someone else), and informal (own deals)\\nCollege is about transitioning from being a kid to an adult\\n\\xa0\\n[23:55 - 28:52] Closing Segment\\nThe best investment: a real estate deal that multiplies the money invested by four\\nThe worst investment: trading stocks and options in high school\\nThe most important lesson learned: the importance of having the right mindset\\n\\nQuotes:\\n\\xa0\\n"Cash Flow positive. That was my number one thing; we\'re really making sure I had the rents estimated right and the expenses." - Drew Breneman\\n\\xa0\\n"In terms of education, nothing beats doing your deals. You obviously pay attention when you\'re an employee, but that\'s not your money. You\'re not signing on the loan, and you learn a lot more when you\'re making a decision." - Drew Breneman\\n\\nConnect with Drew!\\nPodcast: Breneman Blueprint\\nWebsite: www.Breneman.com\\xa0\\n\\nInvest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/\\n\\xa0\\nTrack your rental property\'s finances with Stessa. Go to www.escapingwallstreet.com.\\n\\xa0\\nJoin our Passive Investor Club to access passive commercial real estate investment opportunities.\\n\\xa0\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.'