Breaking Ground with Justin Goodin
Brian Briscoe retired from the Marines as a Lieutenant Colonel after 20 years of active duty, then built a portfolio of 1,000+ apartment units through his company Streamline Capital Group. In this episode, we break down his investing philosophy, a deal that lost everything, and exactly what he looks for before pulling the trigger on a new acquisition. In this episode: • How 20 years of Marine Corps leadership directly translates to operating apartment communities • Why Brian's best deals came from a combination of market timing and operational discipline, and how to separate the two • The rate cap mistake that wiped out an entire investment, and the one question he now asks on every deal with a variable rate loan • Why he refuses to go above 70% leverage in today's market and what that means for investor returns • His full breakdown of a 27-unit Salt Lake City value-add acquisition, including $35,000 per unit in renovations and a near-complete tenant retention rate • How to evaluate a sponsor's track record without confusing luck with skill • What passive investors should expect after wiring their funds Whether you're a passive investor trying to vet sponsors more effectively, or an active operator looking to sharpen your acquisition criteria, this conversation is loaded with practical insight from someone who has been through both the upside and the downside of this business.
9 episodios
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