Summary In this conversation, Chris J. Luna interviews Justin Brennan about his journey in real estate and the mindset he had in his mid-20s. They discuss the challenges of syndication, the importance of asking for help, and the impact of limiting beliefs on success. Justin shares his experience in development and explains why he focuses on multifamily deals outside of California. They also touch on the power of taking action and the need for inner work in achieving success. In this conversation, Chris J. Luna and Justin Brennan discuss their experiences in the syndicating apartment game and the challenges they faced. They talk about the growth of their portfolio, the importance of building a strong team, and the strategies they used to raise capital. They also delve into the current state of the market and the impact of rising interest rates on syndicators. Justin shares his personal story of how he navigated a difficult situation with one of his properties and emphasizes the importance of perseverance and doing whatever it takes to succeed. Keywords real estate, syndication, asking for help, limiting beliefs, development, multifamily deals, California, syndicating apartment, growth, portfolio, team, raising capital, market, interest rates, challenges, perseverance Takeaways Asking for help is crucial in achieving success, and it's important to build relationship capital and be willing to give as well as receive. Limiting beliefs can hold you back from reaching your full potential, and it's important to identify and overcome them. Investing in rental properties can be more stable and profitable than development projects, especially in markets with high barriers to entry. Taking action and seizing opportunities is essential for success, and it's important to be open to new possibilities and recognize them when they arise. Inner work, such as addressing limiting beliefs and aligning mindset with goals, is necessary for long-term success in real estate and other endeavors. Building a strong team is crucial in the syndicating apartment game. Raising capital for syndication deals is easier when you have a track record and a specific deal to present to investors. The current market is challenging due to rising interest rates and cash-strapped properties. Perseverance and doing whatever it takes are key to overcoming obstacles and achieving success in real estate. Local politics can have an impact on real estate investments. Sound Bites "I had a problem asking people for help. Simple things." "You want to be rich. I want to be a multimillionaire. Great. Well, you can say it. I want to be a multimillionaire. And by doing that, I'm sending a frequency for my energy, my body out to the universe." "Some people won't speak up because of the limiting belief, the fear of judgment." "We went from 20 units to 557 all within the last 36 months." "Do you want to get to a billion? 100%." "In the beginning, you have to go lean and mean." Chapters 00:00 Introduction and Mindset in Mid-20s 07:56 The Importance of Asking for Help 09:54 Overcoming Limiting Beliefs 18:24 Choosing Multifamily Deals Outside of California 23:03 Seizing Opportunities and Inner Work 26:14 Raising Capital and the Importance of a Track Record 31:33 Challenges in the Current Market and Rising Interest Rates 36:51 Navigating Difficult Situations and Doing Whatever It Takes 45:07 The Impact of Local Politics on Real Estate Investments Justin's Multifamily Education platform: https://www.multifamilyschooled.com/ ADU development community: www.backyardcommunity.com
