Episode 36: Bryan Powers Talks About Real Estate And Overcoming Failures

Welcome to another episode of Eat, Sleep, Invest. In today’s episode, Bryan Driscoll speaks with Bryan Powers. Powers had spent 22 years in the restaurant business until he pivoted to real estate in 2014. Since then, he has been a part of creating various real estate businesses. He currently operates four companies and mainly focuses on single-family rentals and apartment syndicate deals.

Powers has learned a lot from his time in real estate, including how to deal with failures and unexpected problems. He shares some of his experiences as Bryan Driscoll and Bryan Powers discuss:

• Why and how Powers first got into real estate investing
• Examples of how failures are a part of the business and ways he was able to navigate around problems even early on
• How real estate offers a lot of different ways to handle a bad deal to come out okay in the end
• Why going too big too fast can be challenging because there is a learning curve even eight or nine years into the business
• Finding good partners by meeting face-to-face, vetting thoroughly, trying to poke holes in ideas, and making sure your values and goals align
• The benefits of partnering with people that have very different skill sets than you
• The importance of a solid operating agreement to protect you when deals turn bad
• Considering the equity, leverage, and the team with each project to be successful
• The transparent process of working with people who want to invest money into Powers’s real estate deal
• How different kinds of projects have different timelines for returns
• The differences between investing by setting up an LLC to buy single-family homes versus the large apartment syndicates

Contact Bryan Powers:

Bryan@genentinvestments.com