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Drew Breneman

@drewbreneman

Aug 13

Short-term vs long-term hold periods in RE is widely debated amongst real estate investors online.

Pros/Cons of Each Below👇:

Short-Term Hold Advantages:

1) Quicker return on Investment

Read 22 tweets

Drew Breneman

@drewbreneman

Apr 7

Major lessons I have learned in the past decade from:

$200M+ in investment RE acquisitions
40+ deals

Grab a beverage and enjoy🧵👇

1. If you want to quit your job, get something going before you quit.

This was the first lesson I learned and has come up over and over on my podcast with the guests who have built up a $100M+ portfolio.

Myself and these guests all worked nights and weekends building up a portfolio of properties before we quit our jobs.

I didn't quit my job until I had 8 properties (~$25M in total property) that I owned a part of.

Read 24 tweets

Drew Breneman

@drewbreneman

Apr 1

Being a GP myself, I know what to look for in real estate General Partners ("GP")

Below is a list of tips you need to read if you are a LP and want to evaluate a GP 👇:

(or if you are a GP who wants to be best in class)

GPs are also called sponsors so the terms will be used interchangeably here.

1) Track Record and Experience –

Has the sponsor executed the plan they are pitching before?

You want sponsors who have a history of successfully executing similar investments.

Real estate investment is multifaceted.

It involves law, finance, construction, and a lot of different skills.

Skills in these areas are required for success and that comes with experience.

Read 26 tweets

Drew Breneman

@drewbreneman

Mar 31

Was just listening to a podcast this morning about how much pricing has blown out on interest rate caps

About to buy a cap on a $22M loan in the next hour

Any guesses from #retwit on how much this cap will cost?

@phil_mcalister

@phil_mcalister, been reading your killer interest rate tweets recently. Everyone should take a look at those and follow if you haven't already.

Curious on your guess if this is in your wheelhouse

Cap is for 2 years or 3 years. Will decide before we go live with the bidding.

Read 4 tweets

Drew Breneman

@drewbreneman

Mar 27

We recently purchased a fully renovated 21-unit property in Phoenix, AZ

$4,850,000
Built: 1985
Unit Mix:
20 - 1x1 (700sf)
1- Studio (300sf)

Here's a thread on how the deal went down 👇

1/ We have members of our team that search for off-market deals and found this deal through a cultivated off-market broker channel.

2/ When entering a new market it is even more important to put in the additional work up-front in order to build relationships and benefit down the line.

The goal is to see as many deals as possible before they go to market.

Read 22 tweets

Drew Breneman

@drewbreneman

Mar 19

In a long-term investment, real estate is unique in its ability to provide stable, high-yielding cash flow along with its potential to serve as a dynamic vehicle for building wealth.

There are 5 ways you build wealth investing in real estate:
1) Cash Flow
2) Equity Buildup (Loan Principal Paydown)
3) Appreciation / Inflation Hedge
4) Tax Efficiency
5) Low Correlations with Other Asset Types

Will post threads on each of these ways in the coming days starting with Cash Flow today:

1) Cash Flow – Quite simply, real estate is higher-yielding than most other forms of investment.

Read 13 tweets

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