335: Why Buy Newer Properties with Drew Breneman

Wealth Matters By Alpesh Parmar

-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

-If you want to learn more about the discussion, you can watch the podcast on⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Wealth Matter’s YouTube channel ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠and you can reach out to Alpesh using this ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠link⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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