Lessons Learned From Acquiring 1100 Units - with Joseph Bramante | TLS062

In this episode, Joseph Bramante of TriArc Real Estate Partners shares how he transitioned from a corporate job as an engineer with ExxonMobil to Multifamily Apartment Syndicator of over 1100 units in the Houston Texas Market.

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ABOUT OUR GUEST:
Joseph Bramante is co-founder and CEO of Houston based TriArcReal EstatePartners, a wholly integrated multifamily investment company. He purchased his first multifamily property in 2011. Today, working with his business partners, he has grown a portfolio of over 1100 units, increasing NOI by over 80% on average within 48 months post-acquisition

KEY POINTS:
2:25 - What Joseph was doing before getting into real estate
3:50 - How he acquired his first property (26 unit apartment building) while being overseas
4:45 - Some mistakes he made on that first deal and how he worked through it and achieved a 207% return in 2.5 years
8:40 - Why he chose to leave his corporate career for real estate
14:15 - The importance of joint venturing with someone that is more experienced than you
16:30 - How he handled a deal where he couldn't pay his investors for 3 years
19:00 - The mindset needed for deep value-add deals (at least 25k rehab per door)
24:12 - The market he focuses on today
27:15 - Advice on building out your real estate team
35:15 - The importance of hitting a solid base hit on your first deal
36:18 - His course for passive investors

CONNECT WITH OUR GUEST:
Linkedin: https://www.linkedin.com/in/josephbramante/
website: https://www.triarcrep.com/

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