In this episode, Rashad Bilal and Troy Millings sit down with real estate developer Brandon Rule to discuss his journey into different real estate markets and the challenges and opportunities that come with it. From starting out in Milwaukee to venturing into Texas and Atlanta, Brandon shares insights on navigating macroeconomic trends and focusing on population growth. He also sheds light on the flexibility offered by red states and blue cities, allowing for easier tenant management and eviction processes.
The conversation delves into the political landscape and its impact on real estate, with discussions around major cities predominantly being controlled by Democrats and the implications on renter-friendly laws. Brandon emphasizes the importance of financial viability when choosing locations for real estate projects, acknowledging the need to balance business sense with ethical considerations.
The dialogue extends to Brandon's involvement with the Housing and Urban Development (HUD) and his endeavors in various cities, shedding light on the planning and strategies involved in developing public housing redevelopments. Brandon illustrates the shifting dynamics of partnership percentages and the influence of housing authorities on the negotiation process, providing valuable insights into the economic aspects of large-scale real estate developments.
Access to capital is a crucial topic, and Brandon shares his personal experiences in securing funding for real estate projects. He explores the post-George Floyd period, highlighting the influx of funds directed at black developers and the role played by entities like CDFIs in channeling these resources. Moreover, he touches upon the disparity in asset management by black, brown, and women professionals, addressing the need for more inclusive governance in fund management.
In a bid to address the access to capital challenge, Brandon unveils 'Reinvest,' a crowdfunding platform aimed at democratizing commercial real estate investment. He shares his vision for the platform, emphasizing its potential to provide opportunities for emerging developers while ensuring security through backing from reputable firms. The conversation wraps up with a glimpse into Brandon's future endeavors as he looks to create groundbreaking opportunities for emerging real estate developers.
Join Rashad Bilal, Troy Millings, and Brandon Rule as they delve into the intricacies of real estate development, the impact of political dynamics, and the challenges and innovations in accessing capital in the real estate industry.
#RealEstate #PropertyDevelopment #HousingMarket #AccessToCapital #BusinessStrategy #RealEstateInvesting #EconomicTrends #UrbanDevelopment #Crowdfunding #Entrepreneurship #EYLMedium #BrandonRule #RashadBilal #TroyMillings
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