Brandon Brittingham
๐ค SpeakerAppearances Over Time
Podcast Appearances
And then I saw the prices start to climb and the rates were still doing good, but I saw the cap on cap return, cash on cash and the cap rates start to come down. It came down below the number I was comfortable with. And that's when I moved into raising money and private capital to actually invest in the builders. that kind of shifted and changed. And that's where I'm at today.
And then I saw the prices start to climb and the rates were still doing good, but I saw the cap on cap return, cash on cash and the cap rates start to come down. It came down below the number I was comfortable with. And that's when I moved into raising money and private capital to actually invest in the builders. that kind of shifted and changed. And that's where I'm at today.
And that high level is we basically came down to now all we do is investors invest with me. I lend it to my strategic partners in the Southeast, but we are in and out at dirt. And so I found a way to cashflow on land. And we'll, we'll talk about a little bit about that a little bit later in the podcast. So that's kind of where I'm at. I'm, you know,
And that high level is we basically came down to now all we do is investors invest with me. I lend it to my strategic partners in the Southeast, but we are in and out at dirt. And so I found a way to cashflow on land. And we'll, we'll talk about a little bit about that a little bit later in the podcast. So that's kind of where I'm at. I'm, you know,
Love sales, dumb luck, got into being a hedge fund manager, so to speak. We're now sitting at about probably around $75, $80 million in capital raised, and all we do is invest in dirt.
Love sales, dumb luck, got into being a hedge fund manager, so to speak. We're now sitting at about probably around $75, $80 million in capital raised, and all we do is invest in dirt.
Yeah, so- you know, you've done a lot in a short period of time. And so where, where do you think the turning point was where you said, man, this, this investment and I'm asking for a reason because there's so many facets of real estate that that don't go into the investment side of real estate.
Yeah, so- you know, you've done a lot in a short period of time. And so where, where do you think the turning point was where you said, man, this, this investment and I'm asking for a reason because there's so many facets of real estate that that don't go into the investment side of real estate.
And I just, I feel like if you are selling real estate on the retail side or you're a loan officer, you understand this business, but if you're not investing in it, you're essentially like a damn transaction coordinator, right? which look, there's nothing wrong with that.
And I just, I feel like if you are selling real estate on the retail side or you're a loan officer, you understand this business, but if you're not investing in it, you're essentially like a damn transaction coordinator, right? which look, there's nothing wrong with that.
I made a ton of money selling a ton of real estate, but I realized a long time ago that being on the investment side is where true wealth is built. Like, where did you, was there a moment where is there a transaction? Like, where did you, where did you kind of pivot and say, man, I got to get on this investment side and I really got to learn and do and understand this.
I made a ton of money selling a ton of real estate, but I realized a long time ago that being on the investment side is where true wealth is built. Like, where did you, was there a moment where is there a transaction? Like, where did you, where did you kind of pivot and say, man, I got to get on this investment side and I really got to learn and do and understand this.
You know, I had invested myself and bought some of those turnkey renovations. And that was a great path to setting me up for the next place. So I did do those. And then I, you know, had maxed out my mortgage loans that I could do under, you know, Fannie Mae, Freddie Mac, whatever. Of course.
You know, I had invested myself and bought some of those turnkey renovations. And that was a great path to setting me up for the next place. So I did do those. And then I, you know, had maxed out my mortgage loans that I could do under, you know, Fannie Mae, Freddie Mac, whatever. Of course.
And then I raised some capital and we went into some larger scale projects and we did buy, you know, multiple units, I think at one point. I mean, 2021, I believe I was probably sitting at either owning or being a fund manager and investor in each of those funds and had about 500 doors.
And then I raised some capital and we went into some larger scale projects and we did buy, you know, multiple units, I think at one point. I mean, 2021, I believe I was probably sitting at either owning or being a fund manager and investor in each of those funds and had about 500 doors.
And so that was, you know, because owning real estate is the quickest way to wealth that there is a lot of tax advantages and benefits. But I hit a point where for me that we were able to sell out of all those doors and basically become the bank. which I liked that better. I liked being the bank because usually the banks always win. Maybe not SVP out there in San Francisco.
And so that was, you know, because owning real estate is the quickest way to wealth that there is a lot of tax advantages and benefits. But I hit a point where for me that we were able to sell out of all those doors and basically become the bank. which I liked that better. I liked being the bank because usually the banks always win. Maybe not SVP out there in San Francisco.
No, but if you look at everybody that's listening to this, George Anton wrote a book called Become Your Own Bank. And I read that in my... How long ago has that been? It's been a long time. It was probably, I'd say, 10 or 12 years ago. It might even have been longer than that. And it gave me the idea of becoming a lender, understanding the debt model and understanding how banks work.
No, but if you look at everybody that's listening to this, George Anton wrote a book called Become Your Own Bank. And I read that in my... How long ago has that been? It's been a long time. It was probably, I'd say, 10 or 12 years ago. It might even have been longer than that. And it gave me the idea of becoming a lender, understanding the debt model and understanding how banks work.