Joseph Bramante - The Pivot from Acquisitions to Ground-Up Development
Joseph Bramante shares his inspiring journey from corporate engineer to real estate entrepreneur who now leads a company with over 1500 units and $230M+ in assets. He discusses how he bought his first property at only 25 while living overseas, motivated by a desire to take control of his financial future. He also provides an inside look at pivoting into ground-up multifamily development, explaining the increased complexity versus acquiring existing properties.
[00:00 - 07:52] - Getting Started in Real Estate Investing
- Saw managers buying rentals, decided to do the same
- Bought first property at 25 while overseas just to accelerate retirement
- Didn't fully understand at first but knew he had time and would figure it out
[07:53 - 16:12] - Pivoting into Multifamily Development
- Lower cap rates made new construction attractive starting around 2016
- Shorter duration deals allow faster capital recycling and higher returns
- Speed is crucial - changes can significantly impact projects
[16:13 - 19:23] - Different Objectives: Development vs Cash Flow
- Development focused on faster growth and capital appreciation
- Cash flow investors prioritize ongoing passive income
- Different investors suited for each strategy
[19:24 - 41:21] - Tips for New Investors & Market Analysis
- Take action even if it seems difficult - did first deal from overseas at 25
- Be bold and jump in - you'll figure things out as you go
- Ignorance can help you push forward before overthinking the risks
Key Quote:
"I recognized I needed to do something different … I never thought to start a business or had this big master plan that I was going to have all of these units. I just started with one." - Joseph Bramante
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Information
- Show
- Published17 October 2023 at 09:00 UTC
- Length41 min
- Season1
- Episode250
- RatingClean