Brian Briscoe is co-founder of the multifamily investing firm Four Oaks Capital, which currently controls 485 units and $21 min AUM. He is also the host of the exciting new podcast “Diary of an Apartment Investor”, which brings an experienced and aspirin...
Brian Briscoe is co-founder of the multifamily investing firm Four Oaks Capital, which currently controls 485 units and $21 min AUM. He is also the host of the exciting new podcast “Diary of an Apartment Investor”, which brings an experienced and aspiring investor together on each episode. He is an active duty Marine lieutenant colonel stationed at the Pentagon and will retire in summer 2021 after 20 years of service.
In this episode, Brian shares how he manages time working full-time in the military and focusing on real estate. He was able to scale up from single-family home to multifamily in a short period just in time for him to retire from the military a few months from now.
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What you’ll learn in just 17 minutes from today’s episode:
02:13 – Why he chose multifamily properties to focus on
03:35 – What the transition looked like from single-family home to multifamily
05:28 – How he raised capital to do his first big multifamily deal
07:30 – A mistake that turned out to be a blessing during the time he raised capital
08:52 – Bringing in accredited and non-accredited investors on board
09:38 – How big of a set up required to raise capital
10:12 – How much the legal structure for raising capital costs
11:46 – Having that first deal under your belt is a game-changer
13:46 – What makes brokers tick
15:43 – How he balanced working full-time in the military and having a real estate business
“How I got to multifamily was, took a little bit of money to educate myself and just a lot of action, a lot of daily activities getting to that point.” – Brian Briscoe
“With raising capital, I spent a lot of time doing a lot of social media posts, Facebook and LinkedIn, and hopping into groups where people were interested in real estate to begin with.” – Brian Briscoe
“When it comes to raising capital, you can put as much money into it as you want is the answer. You can make it as expensive as you want, or you can do it as inexpensively as you want.” – Brian Briscoe
“One of my mentors doesn’t have a website, he doesn’t have a CRM, and he’s raised a lot more money than we have. He currently manages roughly 2000 units. His method is very personable, go out to lunch with people.” – Brian Briscoe
“The first deal is the game-changer, and from then you just got to keep the momentum going.” – Brian Briscoe
“It’s just been a matter of very being very deliberate at planning my time, and realizing that I can let balls bounce.” – Brian Briscoe
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