Episoder
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Are you struggling to navigate the complexities of real estate investment strategies and secure consistent, reliable returns? Whether you're finding it challenging to identify lucrative deals, dealing with the pressures of managing property expenses, or unsure about how to balance risk and reward in an ever-changing market, these frustrations are common among investors.
This episode features Drew Breneman's appearance on Cash Flow Connections Real Estate Podcast with Hunter Thompson and Tyler Lyons, where Drew delves into the intricacies of real estate investment, offering insights to overcome these obstacles and achieve stable, long-term success. Hear about how Breneman Capital uses technology and data for market selection, underwriting property performance, the impacts on their investment strategies and some of Drew’s experiences in his recent capital raises.
“Using today's data, and then what happened the last 20 years to know what moves the model, we can then predict… the next one and two years.” - Drew Breneman
In this episode you will learn:
About the core plus strategy and its benefits compared to older, value-add properties.Investment preferences focusing on safer returns of 12-13% over high-risk strategies aiming for 15-16%.Value-add strategies, including rent adjustments and amenity packages.How Drew and his team utilize underwriting data and detailed historical expense tracking to evaluate deals accurately.Insights into market conditions and predictions, accounting for short-term challenges and long-term trends.ResourcesListen to the original episode: https://podcasts.apple.com/us/podcast/using-technology-to-gain-a-competitive-advantage-e828-tt/id1193877994?i=1000650510182
This podcast was produced by the team at Zapods Podcast Agency:
https://www.zapods.com----------
Breneman Capital: https://www.breneman.com
Investor List: https://www.breneman.com/invest
Passive RE Investor Guidebook: https://www.breneman.com/downloads
Connect with Drew on LinkedIn: https://www.linkedin.com/in/drewbreneman -
Feeling stuck or overwhelmed about taking the first steps into commercial real estate investing? It's a familiar struggle—navigating through the landscape of real estate education, market timing, and understanding property evaluations can leave rookie investors confused and hesitant.
This episode features Drew Breneman's appearance on Taking The Leap Into Commercial Real Estate with Angel and Brittany Gonzalez, where Drew shares how humble beginnings and making sacrifices are what led him to success. He recounts his first Duplex deal, and how that quickly transformed into closing on multi-million dollar investments. You'll learn about the value in making mistakes, having mentors and building relationships, and how Drew is working to inspire the next generation of real estate investors.
“The most important thing [about] getting started is making the sacrifices.” - Drew Breneman
In this episode you will learn:
The educational background and key influences that have shaped Drew's real estate career.Insights from Drew's experience with multifamily deals and investments, including the challenges and lessons learned.The significance of fostering confidence and values in children, influenced by Drew's experiences with his own upbringing and current parenting approach.The value of networking and mentorship in real estate, highlighting how asking questions and learning from others accelerate growth.Tips and recommended resources for new real estate investors, including book recommendations and the importance of how to get started.
Listen to the original episode: https://podcasts.apple.com/us/podcast/lessons-in-persistence-drew-brenemans-rise-in-commercial/id1732617432?i=1000646467967
Resources
This podcast was produced by the team at Zapods Podcast Agency:
https://www.zapods.com----------
Breneman Capital: https://www.breneman.com
Investor List: https://www.breneman.com/invest
Passive RE Investor Guidebook: https://www.breneman.com/downloads
Connect with Drew on LinkedIn: https://www.linkedin.com/in/drewbreneman -
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Are you struggling to find your footing in real estate, and uncertain about when and how to take the leap from a steady paycheck to full-time investing? Many aspiring investors grapple with the challenge of building a robust portfolio while juggling multiple jobs and navigating financial constraints.
This episode features Drew Breneman's appearance on the Adventures in CRE podcast with Michael Belasco and Spencer Burton, where Drew shares his story from employed to self-employed. He sheds light on overcoming the obstacles that come along with this type of shift, from starting early and proving your concept to strategically timing your transition to entrepreneurship. You'll discover insights tailored to help you move confidently towards a successful real estate investment career, get tips for how to get started, and the importance of education and networking.
“You should really think about what you're going to learn at the job more than what you're going to get paid.” - Drew Breneman
In this episode you will learn:
How Drew built a $100 million real estate portfolio by focusing on multifamily properties and achieved an average IRR of 25% on his deals.Insights into Drew's transition from a W-2 job to full-time real estate entrepreneurship and the importance of financial viability in this decision.The role of early entrepreneurship, cash flow understanding, and leveraging FHA loans in Drew's initial real estate investment strategies.The value of education, work experience, and the importance of learning and meeting influential people during college.
Listen to the original episode: https://www.adventuresincre.com/audioseries-s3spe20
Resources
This podcast was produced by the team at Zapods Podcast Agency:
https://www.zapods.com----------
Breneman Capital: https://www.breneman.com
Investor List: https://www.breneman.com/invest
Passive RE Investor Guidebook: https://www.breneman.com/downloads
Connect with Drew on LinkedIn: https://www.linkedin.com/in/drewbreneman -
For many, the idea of home ownership might feel like an impossible dream, especially when coupled with the pressures of securing financial stability in such an unpredictable market. However, there are ways to overcome these challenges that mostly come down to making key choices.
This episode features Drew Breneman's appearance on The Climb with Michael Moore and Robert Wierema, where Drew talks about how he got his start in real estate investment, and offers advice on how to adopt a money-making mentality that works for you. He delves into how disciplined saving behaviors and a strategic mindset can set you on the path to long-term success in real estate, even amidst market uncertainty.
“I had money, I wanted to invest it, and so I bought property… That’s a good way to get started.” - Drew Breneman
In this episode you will learn:
The factors influencing the shift towards renting and multifamily properties over homeownership and how this may shape the future housing market.How economic positions, flexibility, and generational experiences are shaping modern attitudes towards homeownership.The benefits of maintaining flexibility in housing to match evolving work arrangements and lifestyles.Drew's insights into approaching real estate investing, focusing on long-term gains over quick success.The importance of a strong work ethic and the mentality required to tackle real estate investing successfully.Practical advice for new investors, emphasizing simplicity, cash flow, and starting small with minimal initial investment.
Listen to the original episode: https://www.climb-podcast.com/2023/01/12/35-drew-breneman-building-a-career-in-the-real-estate-market-of-2023/
Resources
This podcast was produced by the team at Zapods Podcast Agency:
https://www.zapods.com----------
Breneman Capital: https://www.breneman.com
Investor List: https://www.breneman.com/invest
Passive RE Investor Guidebook: https://www.breneman.com/downloads
Connect with Drew on LinkedIn: https://www.linkedin.com/in/drewbreneman -
Navigating the multifamily real estate market can be daunting, with potential investors often feeling apprehensive about the risks involved. Concerns about vacancy rates, tenant turnover, and the complexities of managing multiple units can create significant anxiety. Without a clear understanding of risk management and the nuances of multifamily investments, entering this market might seem fraught with uncertainties. This episode features Drew Breneman’s appearance on My Freedom Foundry (now called The Wake Up Call) with Paul Thompson, where Drew provides a roadmap to help you identify and mitigate these risks, offering practical advice and insights to build a solid foundation in multifamily real estate while maximizing returns and minimizing potential pitfalls.
“You might lose money because… the downside risks are so much higher for the slightly incremental upside.” - Drew Breneman
In this episode you will learn:
The benefits of loan assumption deals on new commercial properties, especially in terms of favorable interest rates and yield maintenance prepayment penalties.Comparative risk profiles between commercial and multifamily properties, focusing on vacancy rates and tenant turnover.The significance of building wealth through long-term real estate investments, with an emphasis on equity multiples over short-term IRR gains.Strategies and advice for breaking into real estate investment, including starting with savings, making sacrifices, and gradually moving to larger investments.The importance of understanding and mitigating risks in real estate deals, and the potential pitfalls of prioritizing higher return deals without fully accounting for the risks involved.Resources
Listen to the original episode: https://podcasts.apple.com/us/podcast/succeeding-in-the-competitive-world-of/id1343930864?i=1000611446472
This podcast was produced by the team at Zapods Podcast Agency:
https://www.zapods.com----------
Breneman Capital: https://www.breneman.com
Investor List: https://www.breneman.com/invest
Passive RE Investor Guidebook: https://www.breneman.com/downloads
Connect with Drew on LinkedIn: https://www.linkedin.com/in/drewbreneman -
Some of the most successful real estate investors started out young, and with a lot of hard work, the right long-term relationships and the ability to overcome several challenges, have found themselves with hundreds of millions in assets under their belts. In this episode, Drew Breneman guests on the Zen and the Art of Real Estate Investing podcast, where he shares his experiences of starting out in the industry at a mere 19-years-old. He shares that starting off by managing a multi-bedroom property taught him valuable lessons in tenant management and helped him understand the intricacies of property management, which still serve him today.
“After I graduated college, I had invested all the money that I had and then was thinking, what could I do? And I figured this would be the perfect time to learn.” - Drew Breneman
In this episode you will learn:
The story of Drew's first real estate deal at age 19 and the early experiences that shaped his investment philosophy.The importance of diversification and specialization in real estate investing.How to effectively manage properties and the significance of maintaining them to enhance tenant behavior.The different approaches to risk assessment and the importance of focusing on long-term gains in real estate.The role of relationships and mentorship in achieving success as a real estate investor.Practical advice for new investors on keeping things simple and seeking guidance from experienced professionals.
Listen to the original episode on the Zen and the Art of Real Estate Investing podcast: https://podcasts.apple.com/us/podcast/creating-a-blueprint-for-real-estate-success-with/id1618352739?i=1000609602941 Check out “How to Win Friends and Influence People” by Dale Carnegie: https://www.amazon.com/How-Win-Friends-Influence-People/dp/0671027034
Resources
This podcast was produced by the team at Zapods Podcast Agency:
https://www.zapods.com----------
Breneman Capital: https://www.breneman.com
Investor List: https://www.breneman.com/invest
Passive RE Investor Guidebook: https://www.breneman.com/downloads
Connect with Drew on LinkedIn: https://www.linkedin.com/in/drewbreneman -
Building relationships with investors and effectively networking are crucial to success, especially in today’s sometimes overcrowded market. It can be frustrating trying to find the right set of ears to hear your pitch, figure out which conferences to attend, and how to use that time wisely. This episode offers insight into overcoming obstacles like securing equity commitments, and navigating partnerships and collaborations.
As a self-proclaimed "deal junkie", Andrew Dunn has positioned himself as an enthusiastic, intuitive and creative principal at VAC Development. His experience comes from residential fix-and-flip properties in the Las Vegas market and full-turn deal profiles of office, retail, industrial spaces and several hundred apartment dispositions. With a knack for identifying hidden gems in the market, Andrew's expertise spans industrial, retail, office, and PAD developments.
“Every assumption that you have in your model better have a story behind it.” - Andrew Dunn
In this episode you will learn:
Why construction costs and interest rate environments are hampering the viability of many off-market real estate deals.How the focus on distressed assets is evolving towards identifying opportunities and value in inline shop retail properties.The strategies for conservative equity raising in real estate, including longer processes and a focus on core plus or value add opportunities.The importance of building trust with institutional investors and creating programmatic relationships for long-term success.The significance of networking and attending conferences intentionally to secure meetings with potential investors.Practical insights on the challenges and strategies for pitching real estate deals effectively, and obtaining equity commitments.
Connect with Andrew on LinkedIn: https://www.linkedin.com/in/andrewmdunn41/ Follow Andrew on Twitter: https://x.com/andrewmdunn_ Talk deals or opportunities with Andrew: [email protected] Check out Value Add Cowboy (VAC) Development's offerings: https://www.vacdevelopment.com/
Resources
This podcast was produced by the team at Zapods Podcast Agency:
https://www.zapods.com----------
Breneman Capital: https://www.breneman.com
Investor List: https://www.breneman.com/invest
Passive RE Investor Guidebook: https://www.breneman.com/downloads
Connect with Drew on LinkedIn: https://www.linkedin.com/in/drewbreneman -
The multifamily property market can feel like an intricate maze, with concerns about stability, market fluctuations, and achieving favorable returns often taking center stage. Despite dedicating countless hours to researching and analyzing potential opportunities, you might still find yourself grappling with uncertainty and apprehension. In this episode, Drew Breneman guests on the Cash Flow Connections Real Estate Podcast, where he shares his experiences of navigating these challenges and offers insights on mitigating the risks and pinpointing high-potential markets.
“Whenever things are going to turn positive in the real estate market, it’s going to happen fast” - Drew Breneman
In this episode, you will learn:
The benefits of investing in multifamily properties, including stability, low risk, and strong appreciation.Key investment strategies and market considerations How to mitigate market volatility and make informed investment decisions during fluctuations.The transition from commercial properties to multifamily investments and the factors emphasizing better risk-adjusted returns for multifamily holdings.Insights on the current real estate market trends, including falling rents, increased cap rates, and strategies for conservative underwriting.The "secret sauce" of Breneman Capital, specifically targeting off-market deals for multifamily properties built after 1980 and utilizing advanced analytics tools for investment decisions.
Listen to the original episode on the Cash Flow Connections Real Estate Podcast: https://cashflowconnections.com/e592-tt-how-to-invest-in-multifamily-in-todays-market/Read Hunter Thompson's book, 'Raising Capital for Real Estate: How to Attract Investors, Establish Credibility, and Fund Deals': https://www.amazon.com/Raising-Capital-Real-Estate-Credibility/dp/1712882120
Resources
This podcast was produced by the team at Zapods Podcast Agency:
https://www.zapods.com----------
Breneman Capital: https://www.breneman.com
Investor List: https://www.breneman.com/invest
Passive RE Investor Guidebook: https://www.breneman.com/downloads
Connect with Drew on LinkedIn: https://www.linkedin.com/in/drewbreneman -
Navigating the complexities of real estate investing while working a full-time job can be daunting, and you might find yourself overwhelmed by the idea of taking that first step. In today's episode, seasoned investor Adam Sondgeroth shares his journey of overcoming these hurdles and successfully building a substantial real estate portfolio.
Adam is known for his hands-on approach and extensive portfolio management. He balances his full-time job as a railroad bridge inspector, all while leveraging unique strategies like lease options and owner financing, to thrive in the competitive market. His expertise extends into short-term lending and fix-and-flip projects, underscoring his versatility and commitment to real estate success.
“Don’t take advice from somebody that’s not in a position that you want to be in.” - Adam Sondgeroth
In this episode you will learn:
How Adam transitioned into buying his first investment property. The importance of knowing your "why" in real estate investing and how to deal with naysayers.The challenges of successfully scaling up while holding down a full-time job.The significance of taking action in real estate investing rather than just acquiring knowledge.Strategies Adam used to secure owner-financed deals and the value of mentorship in his investment career.Adam's stance on hiring help and managing a large portfolio.The value of paid mentorship and real estate education.
Reach out to Adam via email: [email protected] Adam's website to see his company's offerings: https://www.sondgerothcapital.comConnect with Adam on LinkedIn: https://www.linkedin.com/in/adam-sondgeroth
Resources
This podcast was produced by the team at Zapods Podcast Agency:
https://www.zapods.com----------
Breneman Capital: https://www.breneman.com
Investor List: https://www.breneman.com/invest
Passive RE Investor Guidebook: https://www.breneman.com/downloads
Connect with Drew on LinkedIn: https://www.linkedin.com/in/drewbreneman -
In this special 100th episode of The Breneman Blueprint, Drew Breneman interviews a very special guest - his own son William!
At just 6 years old, William has listened to every single episode of his dad’s podcast and has become his #1 fan!
William shares how he turned $5 from the tooth fairy into $80 by investing in apartment buildings. Don't miss this adorable episode celebrating 100 episodes of real estate wisdom!
Highlights:
00:00 Intro
01:31 Introduction to a special guest William Breneman
02:51 William’s favorite episode
03:23 What did William learn from the podcast?
03:55 How did William invest his money?
05:20 Hitting 2000 subscribers
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Breneman Capital: https://www.breneman.com
Investor List: https://www.breneman.com/invest
Passive RE Investor Guidebook: https://www.breneman.com/downloads
Connect with Drew: https://linktr.ee/drewbreneman
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In this episode, we sit down with Tom Panos, an experienced insurance agent, to dive into the critical aspects of commercial property insurance.
We'll explore a range of important topics, including common policy missteps, such as underestimating building values or falling into coinsurance traps, and how to spot and fill coverage gaps. From the benefits of ordinance or law coverage and the necessity for equipment breakdown insurance to the advantages of having a public adjuster by your side during significant claims, we cover it all.
Tom also explains the impact of construction types on premiums and the essentials of hiring contractors with the right insurance coverages. Plus, we'll discuss how to avoid potential liabilities with uninsured subcontractors, and Drew will break down an insurance contract exhibit he has developed for use with contractors/vendors. Join us for a comprehensive guide to the complexities of commercial property insurance.
Highlights:
00:53 Introduction to Tom Panos, insurance agent
03:25 Common insurance coverage mistakes
11:03 Making claims for smaller amounts
13:33 What is an insurance adjuster?
21:30 Construction types in insurance rates
27:58 Getting a loss run from a current owner
30:00 Basics of ordinance or law coverage
32:27 Insurance payout for a non-conforming building
36:29 Stab-Lok panels and uninsurable buildings
41:33 The proper way to get an insurance certificate
49:00 The importance of having a workers’ comp
Get in touch with Tom Panos
Email: [email protected]
Direct line: 847-940-4228
https://www.linkedin.com/in/tom-panos-340ab99/
Breneman Capital: https://www.breneman.com
Investor List: https://www.breneman.com/invest
Passive RE Investor Guidebook: https://www.breneman.com/downloads
Connect with Drew: https://linktr.ee/drewbreneman
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In this episode, Dan Brisse shares his journey for success from pro snowboarder to multimillion-dollar real estate investor and his top strategies for success.
Learn how grit and passion helped him transition careers, scale up through strategic partnerships, and take advantage of today's buying opportunities. Dan provides insider tips for passive investors to do their due diligence on general partners and deals.
Discover how he approached real estate with an athlete's competitive mindset to build an impressive portfolio. Tune in now!
Highlights:
00:13 Ten years of professional snowboarding career
03:12 Chasing the snow around the world
04:20 Action is easy when a desire is strong
06:54 Getting into the real estate with baby steps
10:02 The books that influenced Dan
11:33 Transitioning into bigger deals
14:58 Real estate investing, buying deals, and market conditions
21:23 Real estate deals in submarkets and investing strategies
28:04 Finding a reliable property manager
30:20 Things to consider when hiring a property manager
32:48 Four steps to successful passive investing e-book
34:06 The most important things to consider when investing
Connect with Dan: https://www.granitetowersequitygroup.com/
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Today we have a special guest who understands the complexities of the commercial insurance market from all angles. Tom Panos has been a leading commercial insurance broker for over 20 years, protecting the assets of real estate investors across property types and geographies.
Tom also keeps a close eye on the ever-changing insurance landscape. From evaluating loss ratios to analyzing the impacts of weather events and legal trends, Tom has an in-depth grasp of the factors driving carrier decisions. Tom's expertise and creative solutions have been invaluable for clients facing restricted underwriting and rising costs in this challenging market.
Tune in for more and learn how to make informed choices in this complex insurance landscape.
Highlights:
00:00 Intro
00:53 Who is Tom Panos?
03:18 The state of the insurance market
07:34 The rate increase trend and changes in coverage
12:53 The percentage of building limit
15:30 Things to consider when you’re choosing a lender
18:05 Self-insuring and builders risk
21:06 Wind hail deductibles change
26:04 Managing risk through reinsurance
31:22 Lender requirements and casualty insurance increases
35:28 Increased rates and limited options for building owners
37:35 The risk of podium-style construction
43:15 Understanding your options
47:15 How to get in touch with Tom
Get in touch with Tom Panos:
Email: [email protected]
Direct line: 847-940-4228
https://www.linkedin.com/in/tom-panos-340ab99/
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In today's episode, we're taking a look back at some of the most influential conversations from the early days of our podcast.
Steve Kundert, Senior Vice President at CBRE, shares his vast experience in originating over $10 billion in commercial real estate loans, offering key advice on securing debt from diverse capital sources for a competitive edge.
Next, James Nelson, a leading New York City broker with $2.5 billion in deals and a bestselling investment book, provides proven strategies for identifying motivated sellers and enhancing property value in tough times.
Finally, Jordan Gottlieb, a top multifamily broker in Chicago, brings insights into the city's booming rental market, highlighting the potential for profit in a landscape characterized by high rent growth and low supply, perfect for hands-on investors.
Tune in to gain invaluable insights from these industry leaders and take your real estate investment strategies to the next level.
Highlights:
00:00 Intro
00:53 Steve Kundert, a debt and equity intermediary at CBRE
01:37 What is Senior President of Debt and Structured Finance?
02:12 Pullback in liquidity from the middle market banks
08:01 General landing options for multifamily properties
13:50 Debt fund market is almost non-existent
17:35 James Nelson, one of New York City's top investment sales brokers
19:52 Real estate strategies in a competitive market
21:42 Lessons on specialization and expertise
25:31 Challenges can be opportunities
27:46 Understanding trends in real estate
31:38 Jordan Gottlieb, multifamily broker from Essex Realty in Chicago
32:06 Chicago - highest rent growth, highest demand, low supply
35:36 Real estate investing in Chicago and Sunbelt states
39:26 Real estate taxes and the challenges of investing
44:49 Rent and property taxes in Chicago
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Breneman Capital: https://www.breneman.com
Investor List: https://www.breneman.com/invest
Passive RE Investor Guidebook: https://www.breneman.com/downloads
Connect with Drew: https://linktr.ee/drewbreneman
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Tired of the nine-to-five grind, Tyler Lyons made a bold move - he left behind a successful corporate accounting career to break into commercial real estate. Now he shares the story of his journey, along with insider tips for navigating today's shifting market.
And learn why his firm, Asym Capital, invests exclusively in Phoenix multifamily.
Highlights:
00:00 Intro
01:00 Speaking at RaiseFest in Phoenix
05:27 The benefits of starting a podcast
08:49 How did Tyler get into real estate
19:50 Deals before the Asym
21:07 A decision to invest in multifamily spaces in Phoenix
31:53 Breaking into the new market
42:20 Real estate investing today – cash flow and value add
47:59 The changing market and risk profile
54:43 Focusing on broker relationships
Connect with Tyler Lyons https://www.linkedin.com/in/tyler-lyons-realestate/
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In today's episode, we're revisiting some pivotal conversations from some of our top episodes in 2023.
First up is an insightful discussion with Jim Vozza from CBRE, where we delve deep into the world of Freddie Mac and Fannie Mae small balance loans for multifamily properties. Although aired some time ago, this episode remains incredibly relevant in today's evolving real estate landscape.
Next, get ready to meet Tyler Hague, a multifamily investment sales broker from Colliers. Tyler brings a wealth of experience and expertise to the table, as he shares insights from overseeing Colliers' Midwestern apartment practice, covering over a dozen markets across the country. With a track record of over 3 billion dollars in sales over the past 15 months, Tyler's insights offer a comprehensive view of the multifamily market landscape.
And last, but certainly not the least, we are joined by Bob Knakal, a legendary broker from New York City. With a career spanning nearly four decades in brokerage, Bob brings unparalleled expertise and insights to the table. As one of the foremost commercial real estate brokers specializing in selling buildings in New York City, Bob's journey is a testament to dedication, hard work, and a passion for the industry.
Tune in now to gain invaluable insights from industry experts and elevate your real estate investment strategies to new heights!
Highlights:
00:00 Intro
00:51 Jim Vozza from CBRE Business Lending
01:55 Market trends and investing strategies
05:13 Multifamily and access to Freddie and Fannie loans
08:23 The small balance program
09:48 Special rates for affordable properties
15:08 Tyler Haeg Multifamily Investment Sales Brokers from Colliers
17:06 Real estate market changes and equity investment
22:31 Real estate problems no one talks about
28:16 Different markets and investing strategies
33:35 Bob Knakal, legendary broker from New York City
37:00 Passion and hard work in real estate
38:33 Growing strategies in real estate
41:48 The importance of market presence
46:49 Investing strategies and ompetitors
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Breneman Capital: https://www.breneman.com
Investor List: https://www.breneman.com/invest
Passive RE Investor Guidebook: https://www.breneman.com/downloads
Connect with Drew: https://linktr.ee/drewbreneman
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Is now a good time to invest?
It’s easy to make excuses.
- “Interest rates are high.”
- “The market is tough.”
- “We’re facing a recession.”
Sure, it’s a challenging market to buy in.
But that means it might be easier to get a broker’s attention.It might be easier to find deals with less competition.
It might be easier to be taken seriously.
Are you going to need to comb through more deals?Yes.
Does that mean good deals don’t exist?
No.
- There are good deals in bad markets.
- There are good deals in bad cities.
- There are good deals at all times.
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Breneman Capital: https://www.breneman.com
Investor List: https://www.breneman.com/invest
Passive RE Investor Guidebook: https://www.breneman.com/downloads
Connect with Drew: https://linktr.ee/drewbreneman -
This episode takes you inside the deal-making process of commercial real estate investor Andrew Dunn. Andrew is the managing partner at VAC Development, an asset-class agnostic real estate investment group focusing on yield and asset allocation.
Andrew primarily runs the acquisitions, capitalization, and business plan execution for the firm.
In this episode, Andrew reveals his approach to scaling a real estate business through a programmatic model. He details how he sources deals that fit the criteria of large institutional investors and secures large equity checks through relationships. Andrew also provides insights into evaluating retail, office, and mixed-use deals through an analysis of yield on cost and development spread.
Timestamps:00:00 Intro
01:09 Andrew’s Dunn background
04:20 Getting into commercial real estate
06:42 The importance of operator selection for hotel deals
09:56 Setting yourself apart from the competition
12:14 Chasing equity vs. chasing deals
16:30 The director of investor - requirements and commissions
18:57 Investor relations strategies for finding capital
23:51 The Starbucks lease strategy
32:19 The importance of lease in terms of cap rate
40:05 Yield of cost metrics and risk evaluation
49:33 The influence of demographics on property value
53:33 Retail vacancy rates and office space trends
56:00 Shift in consumer behavior towards outdoor malls
59:56 Sublease and healthy market
Interested in chatting with Andrew?Connect with him on LinkedIn:
https://www.linkedin.com/in/andrewmdunn41/X/Twitter:
https://twitter.com/andrewmdunn_tiktok:
andrewmdunn_Or through his company site:
https://www.vacdevelopment.com/--
Breneman Capital: https://www.breneman.com
Investor List: https://www.breneman.com/invest
Passive RE Investor Guidebook: https://www.breneman.com/downloads
Connect with Drew: https://linktr.ee/drewbreneman -
In this episode, our guest, Tanner Webster, shares his journey. Tanner discusses how he learned the ins and outs of real estate development through hands-on experience, flipping houses, working for a developer, and then taking the risk on his first ground-up development project.
Listeners will learn Tanner's strategies for raising capital from investors, navigating the development process, and why he is targeting Class B/C industrial real estate today.Highlights of this episode:
00:00 Intro
01:09 How did Tanner Webster get into real estate?
03:21 The first deal in 2019
05:56 Cold calling and learning from a real estate developer
13:14 Starting his first ground-up project
18:45 Real estate development and financial strategies
20:57 The benefits of Freddie Mac SBL loan
23:22 Closing a $4.3 million renovation deal in cash
29:28 The best way for people to start out
32:13 Developing land for commercial uses
36:47 Industrial real estate development
45:09 Tanner giving back through his podcast
48:25 Go out and be willing to fail
Interested in chatting with Tanner? Connect with him on LinkedIn: https://www.linkedin.com/in/tanner-webster-76b182193/--
Breneman Capital: https://www.breneman.com
Investor List: https://www.breneman.com/invest
Passive RE Investor Guidebook: https://www.breneman.com/downloads
Connect with Drew: https://linktr.ee/drewbreneman -
In this episode, Drew has an inspiring conversation with Yannis Papadakis, a key player at Commercial Real Estate Exchange, Inc. (Crexi), a groundbreaking tool in commercial real estate.
Crexi started out as a for-sale and for-lease listing marketplace, but it is much more than that today. Yannis shares his journey from a real estate broker to a pivotal role at Crexi, revealing how the platform transformed his approach to property marketing. His foray into Crexi began while building a team at Marcus & Millichap, utilizing the platform's unique features to elevate his marketing game and currently, he focuses on business development, especially the auction platform.
Highlights:
00:00 - Episode Intro
01:37 - Transitioning into Yannis’s background and his journey into the real estate
06:15 - How CREXI's transformative impact led Yannis’s to join the tech side.
13:40 - Exploring CREXI’s Pro Tools and subscription service
17:48 - Teasing upcoming innovations and improvements within Crexi
23:19 - How the buyer premium works and the benefits for both buyers and sellers.
28:10 - Emphasizing transparency and how CREXI is leveling the playing field.
32:05 - Benefits of the auction experience.
37:46 - The increasing role of AI in different industries, including real estate.
Interested in chatting with Yannis? Connect with him on LinkedIn:
https://www.linkedin.com/in/yannis-papadakis-866a0bb6/
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Breneman Capital: https://www.breneman.com
Investor List: https://www.breneman.com/invest
Passive RE Investor Guidebook: https://www.breneman.com/downloads
Connect with Drew: https://linktr.ee/drewbreneman
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