YOUR DAILY REAL ESTATE INVESTMENT SHOW
May 21, 2022

The Power of Real Estate Education with Brian Briscoe

The Power of Real Estate Education with Brian Briscoe

In the 37th episode of Cash Flow Pro, we talk with Brian Briscoe, Director, and Founder of The Tribe of Titans. Having always had a passion for education, Brian had his sights on becoming a math professor. Unfortunately, 911 happened not...


In the 37th episode of Cash Flow Pro, we talk with Brian Briscoe, Director, and Founder of The Tribe of Titans. Having always had a passion for education, Brian had his sights on becoming a math professor. Unfortunately, 911 happened not long before he took that route and decided to serve his country in the Marines. After seventeen years of service, he wanted to explore real estate and create a passive income source. Brian started educating himself on single-family homes and later transitioned to multifamily homes. Today, he is here to share what he learned along the way. 

 

The Tribe of Titans is an educational community focused on multifamily real estate investments. The community is a great place to find like-minded people and potential business partners and learn about the business. They walk you through what it takes to purchase an apartment complex and how to use it to create passive income. 

 

In this episode, we discuss:

  • Starting your real estate journey and seeking information
  • The military market and its benefits 
  • Positioning yourself accordingly in the current real estate market 
  • The advantages of being a passive investor in real estate 

 

Make sure to tune in on this episode to find out more!

 

Find your flow, 

Casey Brown

 

Resources mentioned in this podcast:

  1. https://www.thetribeoftitans.info/
  2. https://www.linkedin.com/in/brian-briscoe-445658a

 

Transcript

Casey Brown  0:06  
Hey there, and welcome to today's episode of cash flow Pro, I want to welcome you to your daily real estate investing, podcast and YouTube channel. Today we are here with Brian Briscoe of the tribe of Titans. And Brian and I were talking a little bit before the episode. And one of the things that we both heavily agreed on is the need for education in the real estate syndication, and real estate investing space. And that is what Brian is here to talk about. That's what we're hoping you can take out of this episode. So Brian, how are you doing today?

Unknown Speaker  0:46  
Doing great. Thanks a lot, Casey, for having me on the show.

Casey Brown  0:49  
Absolutely. Man, we're so glad to have you here. We're always glad to have somebody here that's that's interested in helping people learn and showing them the ropes, I guess, if you will. Again, we were we were talking about the importance of the education part of it. So I guess, just to give the listeners maybe a little backstory on yourself and where you where you come from. And then of course we can we can move that story forward and hear about, you know, your investment, possibly your possible investment opportunities, slash the education part of it. So tell us a little bit about yourself.

Unknown Speaker  1:24  
Well, I'm born and raised in the Salt Lake City area. You know, I, once upon a time, I wanted to be a college professor, I remember, you know, 1415 years of age, I realized I enjoy teaching, right? But I started really looking at things and, you know, what I didn't enjoy was, you know, wiping noses, you know, the the attitudes you get in junior high school, or, you know, high school students that just don't want to be there. And so I decided that I wanted to be a college professor. All right. And I was good at math. I didn't enjoy it necessarily, but I was good at math. But so I went to college, and I majored in math, you know, it was just like, Alright, I want to be a college professor. It's going to be math, you know, and that's kind of how it worked. Took that took a two year break from from school to serve a mission for my church, got two degrees in math, I was in a Ph. D. program. And then September 11, happened, you know, and that's that, that was a big change in my trajectory. Did a lot of thinking a lot of contemplating. And at the time, I mean, like I said, I was excited about teaching, but I kind of coming to the realization that I wasn't Uber excited about math, you know, I liked it, and I was good at it. But, you know, I was at the point where I'm supposed to choose a thesis topic, and I'm like, There's nothing here that excites me, you know. And so, you know, I don't know, maybe I was looking for an out but September 11, just, you know, I looked at that, and it kind of pissed me off, and I decided to go active duty in the Marine Corps. So yeah, so that was off. Okay, that kind of pissed off, right, like, grab your guns, and, you know, let you go and stuff. So. So yeah, I mean, ended up doing, you know, Officer Candidate School and basically, you know, six months ago, I retired after 20 years of service. So, it was, it was a literal, you know, 180, you know, turn change of direction, you ain't maybe 90 degrees, I guess, on the map guy. 180 makes you go backwards. But, you know, a 90 degree turn. But end of the day, you know, here I am, as a, you know, a young Marine Corps officer, and, you know, I'm looking at the pay charts. And, you know, part of it part of me was excited, and part of me was depressed. You know, part of me was excited because I was just like, hey, man, two years from now I'm gonna get a promotion and I'm gonna Nick hit the next pay hurdle. And man, I'm making $1,000 more a month. But, but the part that wasn't exciting as I was looking 20 years down the road, I'm like, Man, that's all they make, you know, that's all but anyway, I started looking at other things and like a lot of people I read the Rich Dad Poor Dad book, right. And I remember

Casey Brown  4:21  
even affiliate link for the Rich Dad, Poor Dad, because that's what that seems to be the recurring topic on my show.

Unknown Speaker  4:27  
I know. I mean, it's, it's, it comes up on my show as well. It's like the most cited book, probably on any, you know, entrepreneur ish podcast,

Casey Brown  4:36  
but it's the seed. It's like, it's the seed where everything started.

Unknown Speaker  4:41  
Yeah, and in my mind, you know, I didn't realize it at the time. I had a huge mental block. Okay. In that book, he talks a lot about commercial real estate. That's one thing that he did. He and his wife bought apartments. And I looked at that and said, Man, that sounds way too complicated for somebody like me. I'm a son. Have a postal worker, you know, how can I buy an apartment building? But what I did is I started thinking, Well, what can I do? And the answer was single family homes, you know, and I'm like, okay, I can probably figure out how to buy a single family home. Sure, I can probably figure out how to turn it into a rental. And that's what I did. You know, so 2007 pre crash, I bought my first one. 2008 I bought my second one, you know, and it was, unfortunately, the lending dried up after that. And I went on,

Casey Brown  5:31  
I tell you, your market, what market was that you started in? I mean, is that is it? Just where was that Salt Lake.

Unknown Speaker  5:38  
First one was Salt Lake because it was a market that I knew. And fortunately, Salt Lake was, you know, they didn't have a real big run up from New 2004 2007. And so when the market crashed, you know, there wasn't a huge bubble, right, but and the second one was San Diego. And the second one was a house that we moved into, and it was postcrash. And, you know, we bought it on the slide, you know, so it didn't quite, you know, we didn't quite time the bottom, but we were pretty close, you know?

Casey Brown  6:11  
And at the same time, so did that kind of take take care of the one that was bought too high, you kind of bought one towards the ball.

Unknown Speaker  6:19  
I mean, Salt Lake didn't depreciate too much after that. I mean, I bought that house at, I think 195 If I remember. And, you know, according to Zillow, you know, it didn't go below 180, you know, so it was like, there, there wasn't a lot of a dip there. The second one we bought on the slide, we paid 305 for it. And according to Zillow, it probably dropped to 280 Right. So we weren't, we were never too far underwater. But, you know, I was, I was convinced that real estate would be my ticket, and ended up doing pretty, you know, fairly well, you know, fast forward, you know, 10 years later. hadn't done a whole lot. lowbrow, sorry, got a pop up. Backup recording is going to start. I don't know what to do with that. Just please make sure you have enough free space on your computer and you're not browsing incognito mode. All right. All right. So sorry about that. Let's go. Alright, so, you know, fast forward 10 years later, you know, I hadn't done a whole lot, you know, the, like I said, the lending dried up and then, you know, I did a handful of deployments that kind of took me out. And I remember on one deployment, I had a lot of extra time and I started really thinking about you know, how am I going to reinvigorate my real estate activities How am I going to get back in the game? And you know, for some reason single family didn't really excite me, you know, it was it was it was slow is what it was, I mean nothing wrong. I mean, I ended up at a time I probably had a quarter million dollars in equity in these two homes. Sure they both appreciated by more than $100,000 Over time, but you know, I wanted something that would build my cash flow and build my wealth faster. And that's what got me into multifamily. I ended up selling both of those single family homes to be able to get into multifamily. I looked at the potential of refinancing them and pulling cash out but the cash flow situation didn't work I would have been you know over my head on the the monthly cash flow but your computer's not allowing Riverside to record please leave fresh. Okay, sorry about that. That's okay.

Casey Brown  9:11  
Are you in incognito?

Okay, there you

Unknown Speaker  10:27  
are. Alright, so there was a setting, somehow my computer. You know, one of these fortunately, it gave me a notification just said that my computer wasn't allowing Google to record, I had to change the setting and then pop back up. So

Casey Brown  10:42  
oh, man, well, it stayed on, they'll just cut that out. And we can just roll forward. Okay. We were talking about you had sold the two guys, you were selling the two single family residences, and alright,

Unknown Speaker  10:56  
I can pick up there. Okay, yeah, so So I ended up selling the two single family properties to get into multifamily. You know, I knew a couple of things, I knew I was going to have to have, you know, earnest money deposit, I knew I was gonna have to have like a down payment. And I knew I was going to need cash to be able to jump into it, refinancing wasn't going to work, because my payments would have been a lot higher than my income, I didn't want to be in a negative cash flow position on those otherwise, I would love to keep them. But so yeah, that's what I did. I sold both properties, started looking at other properties, you know, multifamily properties that I could buy by myself, I'm talking 688 10 unit properties. And I ended up going to a conference that I think, you know, also changed the trajectory, it's something that I saw that maybe a better way, at least for me, and that's that's the syndication route. So end of the day, you know, I took some of that money that I had sitting, you know, on the sidelines, and I paid for coaching, you know, it was my mind at the time, I had, you know, 17 years of military service, I had a three year runway, and I was working at the Pentagon, which you know, is not the best place in the world to try to run a side business. But end of the day, I got coaching to be able to accelerate, you know, what I was doing, and helped me to focus on doing the right time. And through that, I ended up finding, you know, a couple of partners. And, you know, about six, eight months later got our first deal, our first property under contract. It's 55 units in Spartanburg, South Carolina. And then after that in the next, you know, in the last three years, I've closed on a total of 10, you know, multifamily properties as a general partner. So

Casey Brown  12:54  
how many hours is that? 655? Oh, Ma. So yeah, you definitely bring bring some experience to the table? For sure. So when you when you first started making the transition from single family to multifamily, and you said you had about 250,000 in equity? Did you? Of course, from a technical standpoint, did you had you lived in the house in San Diego long enough to get the two year tax exemption? Or did you have to do a 1031? Again, that's that's very technical. But But yeah, sometimes it creates, maybe it gets juices flowing?

Unknown Speaker  13:30  
It's a good question. And I lived in both of the houses long enough to zero out my capital gains. Because yeah, because I'm active duty military, they exceed, you know, the, the normal rules, you have to live in a two out of the last five years to get a 500. You know, exemption, exemption, right, you know, to 250, for me, 250 for my wife, but if you live there less than two years that they basically just scale it down based on how long you live there. And we we lived in the San Diego house for about a year and a half. And the other thing the IRS does for military is they extend your your five years out to 15. Right. And so when we sold that house 10 years later, we had lived there for just over a year. So you

Casey Brown  14:19  
just had the last answer for a certain percentage of 15 years rather than five years. Right, and you get a pro rata type scenario,

Unknown Speaker  14:29  
you get it on the two of the last five, but like I said, it was two of the last 15 For me, so 10, after 10 years of owning that property as a rental, we were able to write off all of our capital gains, you know, same with the other property as well. And I mean, we're talking, you know, 100 125,000 So, you know, when you do the math, you know, six months is really,

Casey Brown  14:52  
really active duty military or is that a benefit that carries down the road or do you know, I

Unknown Speaker  14:59  
think it's I think it's only active duty. It makes sense, because I just remember that I qualified. Yeah. Yeah. You know, and it's as active duty, you don't always get to choose when you move. That's right. And, you know, part of the reason we kept the San Diego house is we figured, hey, you know, there's, it was a fleet concentration point, you know, there's lots of military bases, you know, Navy and Marine Corps in San Diego. And we figured, you know, we'll eventually come back. And when we come back, we can just move back in, you know, and that was that was part of the mentality besides, let's rent it out and build some some equity. You know, let's

Casey Brown  15:34  
be honest, the house you couldn't buy a house for $305,000? I guarantee you couldn't heart you can barely buy a case of water for $305,000. And yeah, I mean, it's so if you had way more potential for upside than you did downside, because, you know, I'm still gonna go to zero. Even if it even if it went to half, you knew that the upside was still massively, under, you know, it was a very wise move, but I love that we lie log that was unbelievable.

Unknown Speaker  16:09  
Yeah, we bought on the side, right, the apartment when the market was going down. So, you know, buying on the slide, we knew that we weren't buying at the top of the market. And, you know, I had the feeling that the market would eventually bounce back. And it did. So. You know, obviously, you know, had I held it longer, you probably would have another couple 100,000 in equity. But, you know, end of the day, you know, we were able to take that money and convert it into equity into 10 multifamily projects, which, you know, at the end, I'm much better off for having sold those, and you launched a multifamily

Casey Brown  16:50  
career. Awesome, man. That's great. And especially, you know, if you can take, I just that's, that's, that's just everything about that whole story is unbelievable. So and I'll take a timeout, it looks like it's probably going to fail again. Did you see that warning, it says

Unknown Speaker  17:09  
low storage space, and I'm closing every app on my computer right now. It says my browser is limiting storage available, and I'm not sure how to how to change that.

Casey Brown  17:25  
Either sound real?

Unknown Speaker  17:28  
Low, I never use Chrome. So it's it's kind of

Casey Brown  17:32  
are you not you're not in incognito mode, right? Nope.

Unknown Speaker  17:43  
I think guest mode because I logged in and it just you know, it said sign you know, that's probably what it is do not have a I never use Chrome. So I have a Gmail let me let me Yeah, hop out again. And I'll log in with one that's cool. Okay, let's see a third time's a charm.

Unknown Speaker  18:36  
There we go. I just made a note of that too, to make

Casey Brown  18:41  
sure guests. Yeah, yeah, I think that's that that's what it was because you only get five gigabytes if you're a guest, a browser, browser space.

Unknown Speaker  18:50  
five gigabytes should still work, you know, single gigabyte. If it's five megabytes. That's, that's a All right,

Casey Brown  18:57  
so write that wrong. One second. Yeah. megabytes would make more sense. But

Unknown Speaker  19:05  
either way probably Meg's so that's probably it. Incidentally, that's why I use Zoom is because everybody uses zoom. And, you know, Zoom

Casey Brown  19:15  
may end up zooms probably going to end up being I'm probably going to start using Zoom too. So anyway, but anyway, so we were at we were just we're getting ready to transition. So Alright, so now we've talked about the, your, your path into the multifamily space from from and your your, obviously your path leading up to 600 plus dollars, which is where I assume you are right now. Is that correct?

Unknown Speaker  19:44  
Yeah, we're at 606 55. You know, by the time this podcast episode airs, we'll probably have sold off 82 of them. You know, we have a couple that we're selling this year just it's you know, you're trying to buy low sell high is your The idea. And I mean, since their syndications, I think it was, if it was my personal portfolio I buy to hold forever, or at least long longer term, but syndicated them. And you know, as such, we have a bunch of investors who came into the deal. And we advertise to our investors that we were trying to maximize their IRR. Right. So their internal rate of return. And we felt at the beginning of the year that, you know, the Fed had already started talking about, hey, we're going to start raising interest rates, we, we figured that there was going to be an economic slowdown coming up, and it looks like, you know, that's exactly what's going to be happening. Anyway, a couple a couple of months ago, we decided that, you know, hey, our, our job that we advertised to our investors was trying to maximize their ROI. And right now is the best time to sell, you know, we're not going to have nearly as much appreciation in 2022, as we did in 2020 and 2021. So yeah, we're, we've got a lot of our properties for sale right now. Like I said, if it was my personal portfolio, I just, you know, hoilett, similar

Casey Brown  21:10  
to the San Diego situation that we've mentioned earlier, where you're where you're sitting at a basically a price of a home that where there's, there's nothing but potential up, or there's way more upside than areas down. And now you're at a level with some of these purchases, especially as they were bought, you know, some years back, where there's far more potential for downside than there is to try to make another $50,000. And so at the end of the day, yeah, protection of the investors money cashing out, not having a, a emotional relationship to any of the properties and, and, and just basically moving the money from one to another. Now, one thing that that I've, I've seen from afar, some of these folks that are that are moving out of doing exactly what you're doing is, is then when the investors like okay, we want to reinvest now you're it's almost a lateral move where you're having to reinvest at that level. And so, yeah, it's, it's, I guess, it just depends on what, you know, basically, what the investors want or need or what their wants.

Unknown Speaker  22:13  
Yeah, you know, and I mean, the investors are going to be looking to replace that capital. And that's, that's the only downside to the cash out portion is, you know, your investors, yeah, we got them a great ROI. And I don't think the markets going to necessarily go down, I think it's going to not go up as much, I think it's going to flatline, maybe flatlining, it's still going to slightly go up. I mean, inflation is still here, inflation is still gonna push prices up. But when we had, you know, 30 40% appreciation in the last year, you know, this next year, we're probably going to get maybe five, back back down to three to 5%. Appreciation. You know, and once again, our investment thesis was let's try to maximize the ROI for our investors. And that being our investment thesis, you know, selling now maximizes the ROI, selling a year from now, we'll probably still have a higher price, but the average rate of return is gonna go down, you know, and so, that's what we advertise to our investors. And, you know, that's how we feel we need to act right now to

Casey Brown  23:17  
true to that, it could potentially give you some opportunity as well, if something else came along that another syndication was, was like, hey, it's, you know, we're, we're exiting, and this will be a good deal for somebody else, if it opens up an opportunity for possibly replacing, you know, replacing the capital into another asset. So now, I want to kind of shift here, and I'd like to talk a little bit about the education element that you all bring to the table. And of course, like I said, in the very beginning, educating people who are interested in the investing, ascended, syndication, investing space is so crucial, because a lot of people and for for people like myself, for you know, we were looking at Capital stacks, and it all just kind of makes sense to us. A lot of people are like, what you mean, I own what? So I want you to explain a little bit about what that is what folks can learn. And then of course, at the end, I'm most definitely want wants you to talk about how people could possibly join or get with you if they're interested. So go ahead.

Unknown Speaker  24:22  
Yeah. So we have I have two different avatars, so to speak, or two different ideal investors that I'm trying to educate. I'm looking for the people who want to do what we've done, you know, who want to syndicate as well. And that's what our tribe of Titans is designed for. It's designed for people who want to syndicate. I'm also looking to educate people who are interested in passively investing, you know, and typically, the type of person I'm looking for is, is the higher income earner who basically, you know, wants to be able to eventually exit their job who wants to take some of that income, invest it wisely and get some fairly low risk double digit returns, you know. So a lot of the educational products that we put out are related to one of those two things. And the tribe of Titans primarily is designed for the people who want to syndicate who wants to learn how to buy apartments, you right now that community has got about 200 people in it. And most of them are trying to get their first deal, we, you know, probably, you know, 10 to 15% of them have done one or more deals, and we're there to be able to help out. So on the passive investor side, you know, we do 506 B's, which means we have to know people before, you know, we bring them in. So, you know, once once I get on the phone with somebody, I try to figure out where they are in the process. And I have a bunch of articles and blogs and whatnot that I've written, written over the years. And based on where they are, you know, I set them up on a, you know, I've got the campaign scheduled, you know, so it's just one of those things, where it's, you know, push button, they're gonna get, you know, an email every week that kind of walks them through, you know, to help educate them to make better decisions. So that's, that's essentially, you know, what I do to educate, I'm very active on LinkedIn, as well put a lot of, you know, educational type material on LinkedIn, you know, as it regards to, or as it relates to apartment investing. So, you know, like I said, a lot of a lot of what I put out is aimed at the the nurturing and the educating people, you know, just depending on what side of the fence they want to be on.

Casey Brown  26:41  
Yeah, and I don't know if you find it as as, as almost I don't even know how to put this, but it's to me, I've had people on this show who were who were like, imagine yourself back in the San Diego house before you knew about real estate syndication and multifamily investing, so on so forth. And I've had people on the show that are like, Yeah, I got a master's degree in Management, or I got them, I got whatever the case is, or was, and they're like, I had no idea that this stuff even existed, like, like people, and mostly investor type. People who were like, What do you can you can use, like people that have 401, KS, and IRAs, and so on and so forth, that, that don't realize that, hey, they can, they can take that and self directed into these, these investments. And, and again, that's, that's where the education element comes in. And it's not so much it's not so much in us teaching like or, or, or people retaining, like their student or something. It's more along the lines of hey, did you even know you can do this?

Unknown Speaker  27:44  
Yeah. Yeah, exactly. It's a lot of people that sit with a lot of people, you know, like the idea of real estate, but they think, you know, they, they they watch all the fix and flip shows, and they they mistakenly think that, you know, for me to invest in real estate, I've got a you know, swing a hammer, right. Yeah. And they they don't understand, you know, how they can get into real estate. And they, they, they listen to their financial

Casey Brown  28:09  
pile of assets that the bank says, okay, hey, you're secure, I'll loan you the money, when in fact, yeah, there's, there's multiple different layers to that, where you can angle it and wedge your way in?

Unknown Speaker  28:22  
Yeah, there's lots of different ways to get in. But I would say the average investor probably has, or the average person who wants to get into real estate probably had the same mindset. I did, you know, 15 years ago, where? Well, you know, I'll buy a single family house, and I will be a landlord. You know, and a lot of people just don't have the stomach or the time for that. But yeah, I think for a lot of people, it's just, you know, they, they, academically, they look at the idea of real estate and say, yeah, the idea of real estate is great, but my financial planner gives me a bunch of, you know, you know, exchange traded funds that I can invest in, and they're going to, you know, put things on autopilot for me and make it easy, but, you know, the truth is, I try to make it easy for people who want to invest in real estate too. So, you know, I'll teach them how to do it. Tell them what they need to know, explain what they need to know, to make a good investment decision, walk them through the process, and when they're ready, you know, hopefully we have an investment opportunity for them. And if we don't, and they're they're chomping at the bit to invest, I'm happy to give referrals to any one of my friends that are doing this type of thing.

Casey Brown  29:32  
Yeah, we're the same way. I mean, you know, we if we don't have a fund open or something ready for for people to actively invest in, of course, we definitely would would rather see them their needs taken care of immediately with with, again, somebody that we can refer them to. Now, I had a gentleman the other day who was talking about the I think he called it the three T's I've heard the 40s whatever but you know, like you said the the people that that come into or in Vision themselves and potentially doing real estate. Again, the multiple facets that that could include are everything from real estate sales, real estate broker brokering, property management, ownership, whatever, whatever their need is, but, you know, the three T's I think, is what we call it. It was tenants, toilets, termites, tenants, toilets, termites and trash, I can't remember. But you know, and a lot of people see that, and they're like, Oh, we're just, I don't have the stomach to take a phone call at two in the morning, because my tenants microwave is out or something like that. And, and so many people see that, and they're like, they shy away from it. But, again, when you start looking at saying, Hey, what did this portfolio of mutual funds yield? Versus what did this portfolio of $650 yield? You know, when you start looking at the ROI, and the real numbers, I mean, it just doesn't do anything but make sense, but I think people don't know where to start.

Unknown Speaker  31:01  
Yeah, and that's really the issue is I just don't know where to start. And, you know, the nice thing about passively investing is you're not, you don't have to deal with any those T's you know, you don't have to worry about, you know, middle of the night phone calls, plug toilets or whatnot. So, you know, we make it easy, you know, and I know you do the same, you give everybody the benefit of owning real estate without the headache that comes along with being a landlord. Yeah, you know, and we'll we'll take some of that will take a good portion and a good chunk of that headache on ourselves to be able to manage the property. And we hire good managers, we hired good property managers to actually take care of the the tenants and toilets and termites for us as well. And so, you know, and we're also not taking that call, we're just you're, we're, we're working, we're managing the property managers, we're managing the value, add the construction process, you know, if we're renovating units, you know, we're, we're managing the entire process, you know, telling the property managers, hey, you know, I want you to do this with this unit, we want you to put this LVP in, we want you to know, here's, here's what we want the flooring to look like, here's Sure, if you were given the property manager, the vision and the, the money to be able to execute our vision, you know, and just basically making sure that you know, every step in the process, that they're, they're essentially meeting our expectations and our investors expectations.

Casey Brown  32:29  
So I think it would be worth mentioning to the, the line of risk that is taken off of the passive investor, when they're an LP, in, in a partnership or an LLC, or whatever the case is, like, as a passive investor, the risk that's removed from actually being there held differently than the manager or GP side of

Unknown Speaker  32:54  
it, I guess. Yeah, and that's, that's absolutely true. You know, we also short shoulder the risk burden, you know, we we are signing on the loan, you know, not the, not the passive investor, you know, and, you know, inside the limited liability company, the LLC that we, we set up, you know, we shoulder, all the risk there, too, so if there's ever a lawsuit, if there's ever anything else, I mean, we're gonna do everything we can to operate, you know, inside the bounds of the law. You know, and that's gonna, number one mitigate, you know, chances of most lawsuits and, you know, number two, we're gonna we're gonna carry insurance, which is we do a lot of things to mitigate risk, you know, but there's always the one off there, there's always the, you know, The Perfect Storm situation, but end of the day, we still shoulder all of the liability as well. And the only liability a passive investor ever has is with the capital, they invest. So and you mentioned earlier, real estate values never going to go to zero. So people are never going to lose all of their money. Or it's not likely that people lose all of their money. Let's put it that way. But, you know, worse worst case scenario, you know, the investor loses, you know, a little bit of their capital.

Casey Brown  34:11  
Yeah. Yep. Well, listen, we're kind of getting close to the end of the show. And I hate to put you on the spot here. But I would like for you to tell the listeners a couple of different things. I'd like to know a little bit about what what is your, the best book that you've read either recently, and I guess, I guess part of this question needs to be posed as other than Rich Dad, Poor Dad, because I think that's, that's everybody's potential answer. But what's, uh, what's the best book you've read either recently or before? You know, it's

Unknown Speaker  34:44  
totally a book that I've read probably 20 times cover to cover. It's the Book of Mormon. I think that's helped me more than anything else. The number two book that I've read is the Bible. You know, and so if you if you look between those two books, you know, I think a lot of What I do hinges on what I've learned from from those

Casey Brown  35:02  
books? Certainly, certainly. And what's the what's the best trip you've ever taken?

Unknown Speaker  35:08  
Ooh, best trip I've taken, man. You know, we lived in Rio for two years, we went and chased some waterfalls. took my kids to Disney World last year. I think the one I'm looking forward to most is I promised to take my wife to Rome after our first indication closed, and then COVID happened and travel got shut

Casey Brown  35:28  
off. So I just got back from Rome last week. Oh, nice.

Unknown Speaker  35:32  
Nice. So I'm gonna say the best trip I've ever taken is, you know, next year with my wife in Rome. Yep, it's

Casey Brown  35:39  
great man Italy is Italy is is is a gym that I think everybody needs to see sooner or later. So real quick, can you tell the listeners how if they want to join up with you or join up with, with your education or wherever the case is? How can they reach out to you and what's the best way for that to take place?

Unknown Speaker  36:00  
Best way to reach out to me is on LinkedIn. You know, if you reach out to me on LinkedIn and say that you're interested in learning more about multifamily, I'll send you my calendar like you know, super simple like that. But I spent a lot of time on LinkedIn myself. And that's, that's usually where where I make some some really good connections. So

Casey Brown  36:20  
I think it's, it's a it's a resource that's really invaluable to a lot of people from the syndication or even just the business world in general. So

Unknown Speaker  36:29  
absolutely. And other than that, I would say, our website that tribe of Titans dot info has a lot of information. You know, within the next couple of weeks, we're we're actually in the process of overhauling doing a complete overhaul of the website where we bring our podcast and our educational community together. I mean, they're really two things with the same purpose so you know, the diary of an apartment investors the podcast the tribe of Titans or educational community within the next probably month, both those websites are going to be merged together and then the tribe of Titans dot info is going to be a much better spot, you know, right now it's okay. Awesome, in my opinion,

Casey Brown  37:08  
good deal. Well, Brian, I want to thank you so much for taking your time to be on the show with us and hopefully educate and drop some nuggets for for our listeners, I want to thank you for your service to our great country. And that's that's that goes I think for for the majority of everybody that's listening as well. We want to thank you for that. And again, we want to thank you for being on the cashflow pro podcast and listeners, thank you for taking your time out of your day to listen to me and Brian talk about multifamily and investing and everything else that we covered today. So hope everybody has a wonderful rest of the day.

Unknown Speaker  37:48  
All right. Thank you

Transcribed by https://otter.ai

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Brian Briscoe

The Tribe Of Titans