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Brandon Brittingham

๐Ÿ‘ค Speaker
2214 total appearances

Appearances Over Time

Podcast Appearances

Wake Up to Wealth
The Secret of Investing in Dirt with Brandon Rooks

Like I can't raise capital fast enough. You know, you have to give me some time, but it was one piece of ground. It was going to be 99 townhomes. We picked it up for $3 million from the bank, a legacy lot, you know, from the 2008 collapse and no sooner than we bought it, Ryan Holmes, their rep, Tim Samuels came to us and said, hey, we were getting ready to buy that ground.

Wake Up to Wealth
The Secret of Investing in Dirt with Brandon Rooks

Like I can't raise capital fast enough. You know, you have to give me some time, but it was one piece of ground. It was going to be 99 townhomes. We picked it up for $3 million from the bank, a legacy lot, you know, from the 2008 collapse and no sooner than we bought it, Ryan Holmes, their rep, Tim Samuels came to us and said, hey, we were getting ready to buy that ground.

Wake Up to Wealth
The Secret of Investing in Dirt with Brandon Rooks

And our partner, Lindsey Jarvis said, well, you're too old, too fat and too slow, I guess. And he tracked us down and he's like, look, if you ever want to sell it, call us first. And we were sitting on it. We were building other stuff, single family homes and some scattered lots and some smaller parcels we're working on.

Wake Up to Wealth
The Secret of Investing in Dirt with Brandon Rooks

And our partner, Lindsey Jarvis said, well, you're too old, too fat and too slow, I guess. And he tracked us down and he's like, look, if you ever want to sell it, call us first. And we were sitting on it. We were building other stuff, single family homes and some scattered lots and some smaller parcels we're working on.

Wake Up to Wealth
The Secret of Investing in Dirt with Brandon Rooks

And it was about, you know, every month or so, Tim would kind of come reach out. Hey, you haven't pulled a permit. You haven't started. He goes, yeah, yeah, we're getting to it. But then one day, you know, he was just persistent enough. Lindsay said, fine, you know, come sit with us, make an offer. I assume Ryan Holmes is on your back about trying to figure out how to get that piece of ground.

Wake Up to Wealth
The Secret of Investing in Dirt with Brandon Rooks

And it was about, you know, every month or so, Tim would kind of come reach out. Hey, you haven't pulled a permit. You haven't started. He goes, yeah, yeah, we're getting to it. But then one day, you know, he was just persistent enough. Lindsay said, fine, you know, come sit with us, make an offer. I assume Ryan Holmes is on your back about trying to figure out how to get that piece of ground.

Wake Up to Wealth
The Secret of Investing in Dirt with Brandon Rooks

And I'll keep it short for the podcast, but he brought an offer and it was like, what the hell? This doesn't make any sense. The offer was over $6 million. And we're like, man, even if we, like you said, even if we built the project all the way out to the end, you're not getting that.

Wake Up to Wealth
The Secret of Investing in Dirt with Brandon Rooks

And I'll keep it short for the podcast, but he brought an offer and it was like, what the hell? This doesn't make any sense. The offer was over $6 million. And we're like, man, even if we, like you said, even if we built the project all the way out to the end, you're not getting that.

Wake Up to Wealth
The Secret of Investing in Dirt with Brandon Rooks

Yeah.

Wake Up to Wealth
The Secret of Investing in Dirt with Brandon Rooks

Yeah.

Wake Up to Wealth
The Secret of Investing in Dirt with Brandon Rooks

We were going to make like, yeah, we're going to make like 20,000 a door, but this made us make 33,000 a door and we never had to build anything. And it was that light bulb moment. It was just like,

Wake Up to Wealth
The Secret of Investing in Dirt with Brandon Rooks

We were going to make like, yeah, we're going to make like 20,000 a door, but this made us make 33,000 a door and we never had to build anything. And it was that light bulb moment. It was just like,

Wake Up to Wealth
The Secret of Investing in Dirt with Brandon Rooks

the hell would we ever continue building when we could do this so we just started going after more ground and it wasn't long after that tim samuels was let go from ryan holmes which she'd been there for years and he had he was known as the godfather of land in the carolinas and they let him go to replace him with some young buck out of college you know thinking that this guy could do the same things that you know tim would do and they'd have to pay you know 350 400 000 a year well

Wake Up to Wealth
The Secret of Investing in Dirt with Brandon Rooks

the hell would we ever continue building when we could do this so we just started going after more ground and it wasn't long after that tim samuels was let go from ryan holmes which she'd been there for years and he had he was known as the godfather of land in the carolinas and they let him go to replace him with some young buck out of college you know thinking that this guy could do the same things that you know tim would do and they'd have to pay you know 350 400 000 a year well

Wake Up to Wealth
The Secret of Investing in Dirt with Brandon Rooks

When they did that, they lost 1,600 lots that they had LOIs on and some that were under contract because they let everybody know that Tim was no longer with the company. And those sellers were like, well, Tim's not there. You're not getting lots. That's a sales lesson. That's a lesson for any business owner out there.

Wake Up to Wealth
The Secret of Investing in Dirt with Brandon Rooks

When they did that, they lost 1,600 lots that they had LOIs on and some that were under contract because they let everybody know that Tim was no longer with the company. And those sellers were like, well, Tim's not there. You're not getting lots. That's a sales lesson. That's a lesson for any business owner out there.

Wake Up to Wealth
The Secret of Investing in Dirt with Brandon Rooks

If you've got a guy that's known as the godfather of anything, don't you ever let him know. And similar story to me, right? I was with a company and

Wake Up to Wealth
The Secret of Investing in Dirt with Brandon Rooks

If you've got a guy that's known as the godfather of anything, don't you ever let him know. And similar story to me, right? I was with a company and

Wake Up to Wealth
The Secret of Investing in Dirt with Brandon Rooks

thought i was running too hard and too fast and so well i think we need to kind of part ways and you know and uh and that didn't work out so well for him it worked out great for me because you know it was kind of like that door that opened well i don't have a job and a silent partnership in this anymore i'm gonna have to go to work but that's okay it that happened in december 2016 and the next year i reached out to my investors and all the investors reached out to me like hey man

Wake Up to Wealth
The Secret of Investing in Dirt with Brandon Rooks

thought i was running too hard and too fast and so well i think we need to kind of part ways and you know and uh and that didn't work out so well for him it worked out great for me because you know it was kind of like that door that opened well i don't have a job and a silent partnership in this anymore i'm gonna have to go to work but that's okay it that happened in december 2016 and the next year i reached out to my investors and all the investors reached out to me like hey man