From Self Storage To Multifamily Investing W/ Bryan Underwood

Ritter on Real Estate

On today's episode of Ritter On Real Estate, we chat with Bryan Underwood.

Bryan is the founding Principal of Responsible Residential (“RR”) and President of Responsible Real Estate, Inc. (“RRE”), a San Diego based real estate investment company. Bryan started RR & RRE after spending more than ten years in his family business, A-1 Self Storage/Caster Properties, Inc. Responsible Residential is a San Diego-based residential development company focused on middle-income housing. Prior to launching RR & RRE, Bryan worked as the Acquisitions Manager for Caster Properties, Inc./ A-1 Self Storage.

Since joining Caster Properties in 2007, Bryan has played a key role in the acquisition and entitlement of over 1.5MM square feet of Self Storage space with a market value of $200MM. Welcome to the show Bryan!

Key Points From The Episode:

• Bryan’s upbringing – how he fell in love with real estate while working in the women's Department in Nordstrom.
• Bryan’s experience working in his family business in Self Storage.
• What 2007 taught Bryan about the real estate market.
• Why the Self Storage business is so great for investors.
• Why Bryan switched from self-storage to single-family starting his own kind of.
• The two deals that exposed him to why real estate is such a great investment.
• Why red tape is never fun for real estate developers.
• Advice for new real estate developers.
• Brian's goal of buying1000 units in the next few years.

Books Mentioned:

• Never Split The Difference By Chris Voss