Ep 41: Building Your Business on Trust, with Joseph Bramante
Today on the show, we welcome Joseph Bramante, co-founder of TriArc Real Estate Partners. Joseph landed in the multifamily real estate industry by accident. In 2010, two years after the US housing market collapsed, he was working as a business team lead for ExxonMobil in Papua New Guinea. His colleagues at the time were investing in real estate, Joseph’s interest was piqued, and the rest is history!
In this episode, we hear Joseph’s journey and how he has gotten to where he is today. We discuss everything from his learning curves with asbestos, to risk-taking as an entrepreneur, such as working through frictions and building long-term trust with your partners. Joseph also shares his insights on the Houston market he predominantly operates in today and his plans to expand TriArc Real Estate Partners in the future. In addition, we step on the sticky terrain of fee-managing deals and working with managers who don’t necessarily align with you. By the end of this episode, you’ll have a host of tips, tools, and insights to guide you in your own business partnerships and entrepreneurial journey.
Key Points from This Episode:
How working as an engineer in Papua New Guinea piqued Joseph’s interest in real estate.
Joseph’s learning curves with asbestos as a newcomer to the world of real estate.
Why Joseph focused on learning all about the industry in 6 months while unemployed.
Taking risks when your back is up against the wall: How real entrepreneurs shine.
Learn more about Joseph’s partnership dynamics and the formation of TriArc Real Estate.
Working through frictions and building trust, respect, and faith with your business partners.
Why what you do post-closing is something that can set you apart as a syndicator.
The importance of not downplaying the role of your in-house operators and asset managers.
Tips for fee-managing deals and working with managers who might not align with you.
“Most lenders today are not looking out for your best interest.” — @joseph_bramante [0:08:50]
“The only way to get out of it was to throw more money at it.” — @joseph_bramante [0:17:50]
“You build a lot of trust in your partners when you go through big projects.” —@joseph_bramante [0:23:46]
“We like to find these big hairy deals and take ‘em down.” — @joseph_bramante [0:26:03]
Links Mentioned in Today’s Episode:
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