Podcast 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.
-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