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BiggerPockets Real Estate Podcast

806: How Two Soccer Moms Went from Small Multifamily to $11M Real Estate Deals w/Breanne Weber and Denise Mayen

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 17 August 2023

⏱️ 72 minutes

🧾️ Download transcript

Summary

Want to invest in multimillion-dollar multifamily deals? You might think you don’t have what it takes to take down seven or even eight-figure real estate investments, but you’d probably be wrong. Today’s guests went from buying $99,000 rental properties to $11M multifamily apartment complexes while raising young children. So how do you scale from small to large multifamily and do it at a time when asset prices are so high, and competition remains fierce? David Greene is joined by Matt Faircloth, instructor of the BiggerPockets Multifamily Bootcamp and author of Raising Private Capital. If you’re an avid BiggerPockets listener, you’ve probably heard Matt before on our past multifamily episodes. Today, Matt brought two of his students, Breanne Weber and Denise Mayen, to touch on how they went from real estate rookies with a few flips and rentals to chasing $11M multifamily real estate deals. Breanne and Denise walk through their steps to find, analyze, and raise capital for massive multifamily deals. From finding the right partners to building your team, splitting roles and responsibilities, and chasing deals that seem almost impossible, today’s episode is for ANYONE who wants to level up their real estate portfolio and get into bigger properties with better profits. In This Episode We Cover: How to go from small to large multifamily investments and why you need to be “adding more zeros” Finding your perfect real estate partner and what they should have that you don’t Raising private capital for your real estate deals and why it’s not as hard as you think The four real estate “superpowers” your team MUST possess to get big deals done Diving deep into the $11M, 104-unit deal Breanne and Denise got under contract When to walk away from a real estate deal and how to know it’s too much to handle And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Matt's BiggerPockets Profile Derosa Group Sign Up for a BiggerPockets Bootcamp Book Mentioned in the Show: Grab The Revised Edition of “Raising Private Capital” by Matt Faircloth Connect with Breanne & Denise: Breanne's BiggerPockets Profile Denise's BiggerPockets Profile Braid Capital Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-806 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is The Bigger Pogas Podcast.

0:02.0

Show 806.

0:04.0

So I understand that we need all this money.

0:07.0

How do you get it?

0:09.0

I was just like, I don't even know how we're going to get like a million dollars.

0:13.0

But at first.

0:14.0

And then, you know, as you start building it and talk to people,

0:19.0

you're like, okay, there's an avenue out there.

0:22.0

Getting one person to give you $1 million is very difficult.

0:25.0

Getting 20 people to give you $50,000,

0:27.0

if you've got the right systems and processes in the right mindset around it is much easier.

0:32.0

What's up, everyone?

0:33.0

This is David Green, your host of The Bigger Pogas Real Estate Podcast.

0:37.0

The biggest, the baddest, the best real estate podcast in the world here today joined with my co-host Matt Faircloth.

0:43.0

Matt is a good friend, a fellow superhero fan,

0:47.0

and really good multi-family real estate investor who is joining me today

0:52.0

with two of his stand-out students from The Bigger Pogas Multi-Family Boot Camp,

0:57.0

Briandid Denise.

0:59.0

First off, Matt, welcome.

1:01.0

Glad to have you here on the show today.

1:03.0

Honour to be here.

1:04.0

Real quick, David.

...

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