Today we speak with Brian Briscoe and find out why he didn’t make money on his first apartment deal. Learn what he did to make sure his investors still got their returns on a deal that went sideways.
Here are some highlights from today’s episode:
- What market he is going “All In” on in 2023
- The hidden benefit of low cap rates
- How he leveraged his first deal to get his 2nd, 3rd and 4th deal
00:25 From active marine service to real estate investing
06:31 Capital Raising and building educational products
12:08 The hidden benefit of low cap rates
15:10 Joint ventures and syndication
18:44 Struggles after acquiring the first deal
It’s not really the returns that matter all the time. But I think in business the relationships matter and the fact that I made nothing on that deal and my investors came close to their projected return, I think that’s the right way to do business.
Brian BriscoeTribe of Titans
Brian is full-time apartment investor with ownership interests in over $100 million in assets. He is a multifamily coach, the director of the multifamily educational community The Tribe of Titans, and the host of the DIARY OF AN APARTMENT INVESTOR podcast. He retired from the US Marines after 20 years of service.