There’s an old saying that goes, “no man is an island,” and that is also applicable in business. For any business to be successful, it needs to have people who will be working toward its success. That’s why in many instances, a businessman can succeed if and when he or she finds the right partner for their business.
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In this part one of our three-part series with Andrew Brewer of Iron Gall Investments, he emphasizes the importance of partnerships. Andrew details how he found his current partner and how they complement each other’s skill sets. He said that through the partnerships that he had and has, he was able to grow in the real estate industry. He also talks in detail about how his success won’t be possible without the support and encouragement of his wife. Click the play button now and learn about utilizing partnerships to your business’s advantage!
Key Points From This Episode:
- Andrew talks about his background and how he ended up in the real estate industry.
- Andrew’s first involvement in the industry was as a building engineer for a mixed-use facility in California.
- Andrew details how he got into a construction defect litigation.
- How was Andrew influenced by his wife in real estate investing?
- How did Andrew start looking for properties to develop?
- How did Andrew connect with his development partner?
- The skill sets that Andrew and his partner Rick have helped him close deals.
- Why is partnership important?
- Why is it crucial to find the best person to do a particular job like underwriting well?
- Did Andrew face any pushback as he left his job to be a full-time real estate entrepreneur?
- Andrew says he couldn’t have achieved real estate success without his wife’s support and encouragement.
“I think partnerships are very important. You can’t do everything yourself. You can, but probably not going to do as much.”
“I can fulfill a number of different roles, but I’m not the best at every role.”
“At the end of the day, the success of the deal is more important than any one person’s involvement in it, including myself. I’m out there to make deals successful for everybody involved – for myself, for the investors, for all of the other partners. If that means that I have to take a step back at some point, that’s what I’m going to have to do.”
“I try to make sure I partner with people that share that same philosophy and value.”
“I saw the downside of real estate investing before I ever saw the upside of it. So I was, I always knew that I wanted to own my own home and do something, but I didn’t really start leaning into that entrepreneurial itch in my mind until, you know, I met my wife, and she was like, “Hey, you need to like, read this book, you know, why don’t you read, you know, Rich Dad, Poor Dad. Once you read, you know, Secrets of the Millionaire Mind.”
About Andrew Brewer
Andrew Brewer is a real estate investor and developer and is well-versed in all aspects of land development. Andrew has a varied background in real estate and has participated in projects as an owner, developer, operator, engineer, and consultant. During his career, Andrew has acted as a construction manager on commercial reconstruction projects valued at over $12 million each, a consultant in construction defect litigation lawsuits in excess of $60 million each, and an operations engineer in commercial facilities valued individually at over $200 million, and as a developer responsible for directly planning and overseeing multiple ground-up development projects totaling over $160 million in assets. As an operations engineer, he has executed full-building turnarounds of underperforming assets leading to improved operations, lower maintenance costs, and improved resident experiences.
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