335: Why Buy Newer Properties with Drew Breneman
-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.
\n-Founder of Breneman Capital
\n-Breneman Capital specializes in investing in multifamily in Phoenix, Dallas, and Austin
\n-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).
\n-Acquired $200M+ of investment property as key/sole GP.
\n-25%+ average realized IRR on investments sold
\n-15 deals have executed full cash-out refinances of all our initial equity
\n-Host of the Breneman Blueprint podcast
\n-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.
\n*DISCLAIMER - We are not giving any financial advice. Please DYOR*
\n(00:00 - 02:59) Opening Segment
\n- Drew is introduced as the guest Hosts
\n- Drew shares something interesting about himself
\n(02:59 - 26:32) Why buy newer properties
\n- Why Multifamily
\n- Breneman Capital: How We Set Up The Company / What Makes Us Different
\n- Differences between these markets and how to pick a market
\n- Then from there close it out with:
\n- Biggest mistakes I see LPs make
\n- How to do your first deal
\n- What types of deals to do today
\n- Entrepreneurship/Mindset
\n- Skills to develop to succeed in investing in real estate
\nHow to build wealth in real estate,
\nhow to vet sponsors,
\nbiggest mistakes I see LPs making,
\nred flags to look out for with deals and sponsors.
\n(26:32- 30:37) Fire Round
\n- Drew shared if she would change his investment strategy
\n- Drew also shares his favorite Finance, real estate book, or any related book
\n- Also Drew shared about the website and tools that he can recommend
\n- Drew's advice to beginner investors
\n- Also shared how he gives back
\n(30:37 - 31:56) Closing Segment
\n-If you want to learn more about the discussion, you can watch the podcast on\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060 Wealth Matter\u2019s YouTube channel \u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060and you can reach out to Alpesh using this \u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060link\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060.
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