From Career Marine to High-return Investor with Brian Briscoe
- Author
- Kent Ritter
- Published
- Wed 21 Oct 2020
- Episode Link
- None
Investing is like being in a dark forest with only a lantern to guide you. By staying still, you can only see what’s around you — just enough to take your first steps. By taking action and moving forward, you get further along the path and get to see what’s ahead. Today we speak with career Marine, Brian Briscoe, about the action that he took to become a high-return investor. After chatting about his entry into real estate and how he discovered multifamily investing, Brian talks about the intense learning process he underwent to become an investor. We then dive into Brian’s business philosophy, touching on where he invests along with his investing model. We ask Brian what he looks for in sponsors and in underwriting and his answers highlight the importance of credibility, and why you should look closely at your property’s break-even rates and reserve funds. Brian discusses how COVID has impacted his portfolio and what he’s done to adapt to circumstances. Near the end of the episode, we ask Brian to share the keys to his success. Tune in to hear what steps have led to Brian’s success and the books that have inspired him to pursue financial freedom.
Key Points From This Episode:
- Brian shares his journey as a career Marine and real estate investor.
- Pivoting toward multifamily investing after buying single-family homes.
- Details about what Brian did to learn about multifamily investing.
- Top reasons why Brian invests in commercial multifamily real estate.
- Hear why Brian’s group looks for deals in South Carolina.
- Brian discusses his investment group’s ‘forced appreciation’ business model.
- The importance of investing with credible partners.
- Red flags and what Brian looks for in good underwriting.
- How COVID has impacted Brian’s portfolio and how he’s adapted to circumstances.
- Brian shares the one question that you should ask every deal sponsor.
- Reflecting on the most significant lessons that Brian has learned from his top books.
- Why taking action has been the number one key to Brian’s success.
Links Mentioned in Today’s Episode:
Diary of an Apartment Investor Podcast
The Book on Investing In Real Estate with No (and Low) Money Down
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Production by Outlier Audio
