Surviving Real Estate Downturns with Noah Breakstone - CEO of BTI Partners

As the CEO of BTI Partners, Noah brings over 30 years of real estate finance, construction and development experience to the table with over $3.5 billion in transactions across a wide variety of asset classes.

This episode was originally released November 2023

On this episode, Jake and Noah discuss:

- Spotting patterns in cycles to take advantage of

- Debt positioning

- Identifying great locations

- Biggest makes for folks getting into the land business

Links:

BTI Partners: https://btipartners.com/

Noah on LinkedIn: https://www.linkedin.com/in/noah-breakstone-97ba576/

Connect & Invest with Jake:

Follow Jake on Twitter: https://twitter.com/jwurzak

Take the Hospitality Investing Masterclass: https://learn.jakewurzak.com/

Learn How to Invest with DoveHill: https://bit.ly/3yg8Pwo

Topics:

(00:00:00) - Intro

(00:01:41) - Noah’s background and career in development

(00:11:31) - Spotting patterns in cycles to take advantage of

(00:14:43) - Hold periods and investment horizons

(00:17:02) - Asset class approach

(00:22:53) - Debt positioning

(00:25:49) - Finding the right partners

(00:27:51) - Why did you choose to only operate in Florida?

(00:31:02) - Identifying a great location

(00:32:50) - Long-term concerns for Florida

(00:35:37) - Build for Rent opportunities

(00:41:28) - Does education play a role when looking at land?

(00:44:34) - Housing

(00:56:30) - The impact of distribution centers

(00:59:28) - Biggest mistakes people make getting into the land business

(01:05:01) - How do you know if you’re overpaying or getting a great deal?

(01:07:21) - Identifying a slow-down

(01:16:47) ) - How has your leadership style changed over time?

(01:21:25)- What’s your favorite hotel?