Branton Blount is the Co-Founder and Managing Partner of The Bearing Group, specializing in private real estate investment, asset management advisory services, business acquisitions and optimization. 25-year veteran of the U.S. Military and IC / Federal Law Enforcement community.
Episode Highlights Here:
Branton
So understanding the pieces of the puzzle is step one, and then see a gap fill a gap. Right? That’s, that’s always been my mantra. So you have to step in and fill those roles and make sure that you have an adequate personality.
Brett
Brandon, what’s the number one secret to scaling a multifamily investing operation?
Branton
But that answer probably changes as you get into the business and learn and get more experience. both good and bad, right? I think you learn more from bad experiences and bad leadership around you in life than you don’t learn a lot. From things that go great or things that go well, you just kind of chalk it up to I did everything right and you move on. Whereas when things go somewhat wrong, or start to derail, it forces you to do some critical thinking. So I think one of the number one secrets in getting started and scaling and multifamily past the initial education in the business, or any new field that you’re going into, is understanding that it is a team sport, there is going to be a time later on in your career where you will need to maybe shrink the size of your teams somewhat as you have more resources internally the to apply to acquisitions and lifecycle and business plan of implementation. But getting started definitely means teaming up with others, because there’s a lot of pieces to the puzzle of required to, to source, successfully conduct due diligence, gain the debt service needed the equity raise, and ultimately close on the on the property, and then effectively implement your business plan over the preceding you know, over the next 357 years to to execute on the underwriting projections that you are offering your equity partner. So that is a team sport. And not everybody is going to just start off with this big giant in a vertically integrated company, you have to leverage the skills of others to get that done. And so that is the big secret. Excellent.
Brett
So the number one secret is to understand it’s a team sport. And understanding that it’s going to take someone who’s going to be sourcing due diligence, debt, equity, raise clothes and or a mixture of some of those roles. So what’s the number one secret to making sure you’re finding the proper team member, perhaps to make sure you’re hitting number one secret on a successful start? Absolutely, I
Branton
think first, understanding the pieces of the puzzle, right? If you’re going to acquire a property based on size price, you can then back into how much the loan proceeds are going to be. And you’re going to have to satisfy net worth and liquidity requirements for those loans. You’re going to have a if it’s a value add or construction capex type, who’s going to who’s going to project manage who has those expertise, who has that background, who can raise the necessary equity capital into the deal to satisfy that piece of the puzzle. And then who’s going to manage to conduct financial modeling, investor updates, quarterly, monthly, all of those things. So understanding the pieces of the puzzle is step one, and then see a gap fill a gap, right? That’s, that’s always been my mantra. So you have to step in and fill those roles and make sure that you have adequate personnel. This is not something where you really want to have an entire team of people that are at the same knowledge level as you. While that is generally where we gravitate. Or we gravitate from human nature. Everybody wants to be the smartest guy in the room and the smartest guy on the team. That is not the successful team to really for anything but let alone multifamily acquisitions. So you really need to put people that are smarter than you in a functional area that have a background in that area because they’re going to do it better than you most likely. So that’s, I think that’s a key element to that.
Watch the episode here:
Important Links:
About Branton Blount
Branton Blount is the founder of AOM Enterprises. He discovered his passion for real estate after a long and successful career in the military and law enforcement. Branton reached success in real estate after a long journey of self-education, trial and error, and networking with the right mentors.
Branton Blount is former active duty and current reserve member of the US Armed forces . His military experience uniquely qualified him to recognize the opprtunities a military town can offer . So, he and his partner jumped into their first deal , a 16 unit value add property.
- capitalgainstaxsolutions.com
- Capital Gains Tax Solutions Facebook
- Capital Gains Tax Solutions Twitter
- Capital Gains Tax Solutions Tiktok