Straight Talking Syndication with Bruce Petersen
Bruce Petersen is an entrepreneur, a serial syndicator, TV personality, public speaker, and a mentor on how to invest in apartment complexes. He started with a 48-unit building and has now syndicated over 1,100 units and became known in the real estate world as the “Apt-Guy”. Bruce is also the founder and CEO of Bluebonnet Asset Manager LLC and Bluebonnet Commercial Management. He has received local and national recognition for his syndication efforts. He was the recipient of the Austin Apartment Association’s Independent Rental Owner of the Year for 2016 and the National Apartment Association’s Independent Rental Owner of the Year for 2017. KEY POINTSTransitioning from retail with no experience in real estate to real estate syndication How to syndicate your first apartment dealThe lessons from misplacing $5.2 million of investor capital in a wire transfer gone wrongAdvice for entrepreneurs who are currently in real estate investingWhen to fire an investor and prospective investorHow to get funded and build trust with investorsThe exercise to destroy negativityCommon pitfalls in real estate syndicationHow to become a successful real estate syndicator LIGHTNING QUESTIONS1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it?The knowledge because I didn't know anything about it. I was starting from scratch, but I listened to other people’s advice.2. Do you have a personal habit that contributes to your success?Journaling a little bit, doing Miracle Morning stuff, and keeping a positive mindset.3. Do you have an online resource that you find valuable?Bigger Pockets 4. What book would you recommend to the listeners and why?Killing Sacred Cows book by Garrett B. Gunderson5. If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be?Just take action. Don’t be afraid to take action, go as big as you can...