5 Talents Podcast - How To Build Wealth Through Real Estate

Joseph Bramante - The Pivot from Acquisitions to Ground-Up Development

October 17, 2023 Abel Pacheco Season 1 Episode 250
5 Talents Podcast - How To Build Wealth Through Real Estate
Joseph Bramante - The Pivot from Acquisitions to Ground-Up Development
Show Notes

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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