Brandon Brittingham
๐ค SpeakerAppearances Over Time
Podcast Appearances
So I've had to write some checks and that's okay with me because that's what an investor should be able to rely on is if they're working with someone that's helping them invest, they need to be able to count on that person. And it doesn't bother me in the least. You know, I'm not just one of those guys that said, oh, well, you know, investing is a risk.
So I've had to write some checks and that's okay with me because that's what an investor should be able to rely on is if they're working with someone that's helping them invest, they need to be able to count on that person. And it doesn't bother me in the least. You know, I'm not just one of those guys that said, oh, well, you know, investing is a risk.
You know, you knew it was a risk when you went into it. So sorry, you know, you're out 30, 40, $50,000. I just didn't sit well with me. So I wrote a check. Didn't have to do that a lot, but you know, yeah, I tend to get long-winded. So I'm trying to cut myself so you can ask all the right questions.
You know, you knew it was a risk when you went into it. So sorry, you know, you're out 30, 40, $50,000. I just didn't sit well with me. So I wrote a check. Didn't have to do that a lot, but you know, yeah, I tend to get long-winded. So I'm trying to cut myself so you can ask all the right questions.
Yeah. No, no. I appreciate that. Do you, for someone that's listening though, that might be like, they're early in their journey of just like, what do you think it is that is one skill you could give somebody that's listening to this that says, I want to learn or get better at raising capital. What's a piece of advice you'd give them?
Yeah. No, no. I appreciate that. Do you, for someone that's listening though, that might be like, they're early in their journey of just like, what do you think it is that is one skill you could give somebody that's listening to this that says, I want to learn or get better at raising capital. What's a piece of advice you'd give them?
Follow up one, go, you and I have talked about this before. There's business inside your business, whatever it is you're doing. You know, if you're in the real estate investment arena, you've either invested or you've created connections or you've worked with some investors. You have to, one, have something that's worth raising capital for. Right.
Follow up one, go, you and I have talked about this before. There's business inside your business, whatever it is you're doing. You know, if you're in the real estate investment arena, you've either invested or you've created connections or you've worked with some investors. You have to, one, have something that's worth raising capital for. Right.
I believe that you want to keep it as simple as possible. I've seen so many operators and fund managers just complicate the crap.
I believe that you want to keep it as simple as possible. I've seen so many operators and fund managers just complicate the crap.
Indeed. I got to stop doing that right there. That is probably, listen to what he just said. I was literally on the phone with two people yesterday that wanted to start a fund. And in the first five minutes, I said, I'm confused, which means an investor is going to be confused.
Indeed. I got to stop doing that right there. That is probably, listen to what he just said. I was literally on the phone with two people yesterday that wanted to start a fund. And in the first five minutes, I said, I'm confused, which means an investor is going to be confused.
And I said, if you can turn this into a simple debt offering, you're going to target a fixed return with some upside that you can spell out. Simple, people say yes. Complex, people say no because they don't understand it. That's a great piece of advice.
And I said, if you can turn this into a simple debt offering, you're going to target a fixed return with some upside that you can spell out. Simple, people say yes. Complex, people say no because they don't understand it. That's a great piece of advice.
Yeah, it is. And if you're going to raise capital, you need a structure. I would recommend for someone just getting in, probably go to a 506B. If you've got some people you've worked with, because that will allow you to bring in some non-accredited, sophisticated investors. Also, make your offering feasible. I see guys that come out like, well, it's got to be $50,000 minimum. Well, guess what?
Yeah, it is. And if you're going to raise capital, you need a structure. I would recommend for someone just getting in, probably go to a 506B. If you've got some people you've worked with, because that will allow you to bring in some non-accredited, sophisticated investors. Also, make your offering feasible. I see guys that come out like, well, it's got to be $50,000 minimum. Well, guess what?
A lot of people don't just have $50,000 laying around. And if they're a good investor, they've invested it. So my offer has always been like $10,000 minimum and $1,000 shares. I want to make it so that you can use qualified or non-qualified funds. So self-directed IRAs, solo 401ks. Yeah. You know, just make it so that anybody that wants to invest- has the ability to invest.
A lot of people don't just have $50,000 laying around. And if they're a good investor, they've invested it. So my offer has always been like $10,000 minimum and $1,000 shares. I want to make it so that you can use qualified or non-qualified funds. So self-directed IRAs, solo 401ks. Yeah. You know, just make it so that anybody that wants to invest- has the ability to invest.
Now, 506B has some drawbacks, drawbacks for me because we started to grow, but yeah, we outgrew it. And we ended up having three 506Bs because you set a number, you can only have 35 non-accredited investors. Once you hit the number or your date, you close it. And we learned that because we're growing,
Now, 506B has some drawbacks, drawbacks for me because we started to grow, but yeah, we outgrew it. And we ended up having three 506Bs because you set a number, you can only have 35 non-accredited investors. Once you hit the number or your date, you close it. And we learned that because we're growing,