Journey to Multifamily Investing & eXp Commerical with Kevin Breckenridge

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“I’ve always had a positive mindset, and that positive mindset definitely has been being and has been contagious, and just the energy and the passion that I have for life, and the pursuit of life and adventure.”

Kevin S. Breckenridge is a Commercial Real Estate Broker and Investor with over 11 years of real estate industry experience. His primary professional mission is to help investors create, grow and preserve wealth through multifamily real estate investing. A thought leader in the multifamily space. He is also the creator of The Multifamily Investors Collective, a community of like-minded investors investing in multifamily real estate.

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Brett:

I’m excited about our next guest and he’s the fact he is a commercial real estate broker and real estate investor with over 11 years of real estate experience spanning across multiple asset classes on both the residential and commercial side of the business. He’s an Associate Broker with eXp Commercial and founder and CEO of 317 capital and private equity firms specializing in the acquisition and ownership of commercial multifamily properties. In addition to being the founder of the multi-family investors collective, which as well, which is also an online community for multifamily real estate investors. Please welcome to the show with me, Kevin Breckenridge. Kevin, how are you doing?

Kevin:

Brett, I’m doing well. Thanks for having me on the show. How are you?

Brett:

I’m doing well too and excited to help our listeners get to know you a little bit better, and for those who don’t know, Kevin and I are part of eXp Commercial, and we are building multifamily teams across the US, and we’re excited to talk about your journey Kevin to multifamily investing in brokerage and eXp Commercial. But before we go all there, I wanted to give our listeners a little bit of a chance to get to know you a little bit more. Would you start us with just a little bit more about your story and your current focus?

Kevin:

First, Brett, I got it. Thank you. I am very appreciative of this opportunity, and if anyone has been following Brett for any amount of time, you know that Brent is a heavy hitter and Brett plays in the big league. I’m excited to just sit here and share the space with you. Thanks again for the opportunity. As far as my journey in real estate has been an interesting one, and it actually started. Technically it started back in 2008. I was actually interning for the mayor of Cincinnati, and at that time, I was a business major majoring in accounting and international business, and I came across this entire shape opportunity as an economic development intern, and so I had actually had a friend who worked in the mayor’s office, I had a pretty good resume. I apply for the internship. I hit my friend up and I said, if you can put in a good word for me, man, I’d much appreciate it. Fast forward. I went through the interview process. I got hired as an intern working directly for the mayor in the mayor’s office, but also in partnership with the economic development part department, and there were actually two things going on at that time.

One, there was a conference that the city was planning with the IFA, and the IFA is the international franchise Association, and they were also getting ready for ICSC, and for anyone watching if you don’t know what ICSC is. It’s basically the largest commercial real estate conference in a world where 4050 60,000 commercial professionals, transcend on Las Vegas, and it said that like something like 60, or 70 70% of the commercial deals, at least in retail, are done during this conference. That was really my first introduction to real estate. Because as we were preparing for the conference, my job was to help the city package itself up and sell itself as an opportunity to do business. There was a very large development project called the banks and the banks were basically, Cincinnati was redoing its entire waterfront. There was a lot of retail opportunities, there was a lot of hotel opportunity, and it was basically a blank slate. My job was to come in and put together different packages, compile information, set up meetings with commercial brokers in the mayor and the economic development department, and as soon as I prepared everything, I got an opportunity to actually go to ICSC and see real estate happen at a very large and a very high level. That was really my first introduction to real estate.

Brett:

This is fantastic. Kevin, that’s really cool. Being able to serve the city and see it from the other side of the table, which I think brings a unique perspective to investors and clients and as a broker, because it surely is about solving problems and bringing all the major key stakeholders in a city and a deal in development and investing. This gives you a unique perspective to be able to invest funds and build wealth through multifamily family investing, as well as brokerage, but before we dive into some of those secrets, I want to take one other step back. You see Kevin, I believe we’ve all been given certain gifts in this life and these gifts are given to us to be a blessing and help to others. People call them so superpower. Some people call these things strengths, and I believe their God-given gifts and they’ve been given to us again to be a blessing and help to others. I’m curious, what are those one or two gifts that you believe you were given a half that help how you help and bless people today?

Kevin:

That’s a great question. Brett. I would say definitely one of my talents, one of my gifts is one, I have an abundance of energy, and I just, I am passionate about helping other people, whether helping other people get to the next level in their life, just based on my own life experience, and where I’ve come from, I’ve always had a positive mindset, and that positive mindset definitely has been being and has been contagious, and just the energy and the passion that I have for life, and the pursuit of life and adventure, and constantly just pushing and pushing and pushing, and trying to get to the next level may have definitely served me very well in life and being able to connect with other people and impact other people, as well as just my ability to endure to and by maintaining that positive mindset, and always knowing that there is more out there, it definitely has allowed me to really to get to where I am today. I guess those are some of the things I probably could go on and on.

Brett:

I love it. I love an abundance of energy positive mindset and being billing being willing and able to help others right and to try to persevere and endure and make that a contagious way for people to think well and to do the next thing. Is that a fair summary?

Kevin:

Yes, absolutely.

Brett:

By the way, you can learn more about Kevin Breckenridge and KevinsBreckenridge.com. Before we get too far that I got to figure it out. Like Breckenridge, Colorado, you probably got taught your whole life, right. So, how many times have you been there? I’m going to the Joe Fairless. The best ever conference coming up for multifamily syndications, coming up here in February to speak at that conference. I guess it’s going to be in Breckenridge, Colorado. How many times you’ve been there? does everyone think you’re a snowboarder because of it?

Kevin:

Funny enough? I’ve never been to Breckenridge, I have family who had been, but I’ve never been I’ve actually never been to Colorado. Funny enough. I’ve been all around the world. I’ve never been to Colorado. I’ve never been to Breckenridge. But growing up. It was one of those difficult names that everybody got on me about it was breaking bridge broken bridge break, Barry. I mean, it would be rich. I mean, if people just chopped it up so many times, I think there’s like 12 or 13 letters in the name of sometimes it’s funny because when I’m making my calls, and I’m reaching out to people, sometimes I have a difficult time saying it, trying to pronunciate it clearly because you start to kind of mix some of the letters together. But it’s a good last name. It’s actually a very, there’s a lot of history and in the name Breckenridge, and actually, one of the vice presidents, I think back in the 1890s was a Breckenridge. Jag Capital Breckenridge. It’s an interesting last name.

Brett:

I appreciate you sharing that little tidbit. Now let’s dive right into the journey to multifamily investing and eXp Commercial. we talked a little bit about it in the beginning. You’re working with the city, you’re going to ICSC and then you’re learning you’re absorbing. At a certain point, it’s switched over. All right. I want to become an investor myself to help others do the same. I also want to become a broker. Talk us through that part of the story.

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