Fund Friday E28: Debt Strategies: Preparing for Market Shifts with Brian Briscoe

Don't miss today's episode of Fund Friday! Hear Brian Briscoe, founder and principal of Streamlined Capital Group shares his journey from the military to real estate investing. Brian spent 20 years in the military before transitioning into real estate. Inspired by a book on apartment investing, he dove into the world of real estate in 2016, eventually closing deals on three apartment complexes.

Currently, Brian focuses on investing in the Salt Lake City market, aiming to buy properties at fair prices and hold them long-term for appreciation. He emphasizes the importance of focus in real estate investing, highlighting the benefits of concentrating efforts in specific markets.

For investors, Brian advises prioritizing quality properties over chasing high returns, advocating for long-term investment strategies with tax advantages.

Rob oversees acquisitions and capital markets for Lone Star Capital and has acquired over $600M of multifamily real estate. He has evaluated thousands of opportunities using proprietary underwriting models and published the number one book on multifamily underwriting, The Definitive Guide to Underwriting Multifamily Acquisitions. He has written over 50 articles about underwriting, deal structures, and capital markets and hosts the Capital Spotlight podcast, which is focused on interviewing institutional investors.

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With over $600 million in acquisitions and over 30% gross realized returns since 2018, Lone Star Capital is a fast-growing real estate investment firm owning and operating over 4,500 multifamily units in Texas. We deliver superior risk-adjusted returns through diligent sourcing and selection, vertically integrated property management, and rigorous reporting.

Timestamps:
00:00:00 - Introduction
00:02:14 - Building Wealth through Real Estate
00:04:41 - The Power of Real Estate Investment
00:07:07 - Taking the Leap into Coaching and Mentorship
00:09:29 - Focusing and the Salt Lake City Market
00:12:05 - The Allure of Salt Lake City
00:14:43 - The Excitement in Salt Lake City
00:17:17 - Clustering Properties for Efficient Management
00:19:24 - Investing in Real Estate: The Fundamentals and Long-Term Strategy
00:22:02 - Understanding Fundamentals and Risks
00:24:16 - The Different Type of Investor
00:26:46 - Being Risk-Averse in Debt Structuring and Acquisitions
00:29:11 - Preparing for Interest Rate Cuts
00:31:37 - Real Estate in Salt Lake City
00:34:13 - Market Dynamics in Salt Lake City
00:36:32 - Investing for Long-Term Holds
00:38:44 - The Impact of LTV on Output
00:41:06 - The Challenge of Finding the Right People
00:43:41 - Commitment and Focus
00:45:40 - Job Stability and Economic Recession
00:48:01 - Predicting the Next Recession
00:50:17 - The Growth of Salt Lake City
00:52:42 - Investing in Smaller Properties
00:55:13 - Outro