From Chips to Real Estate: How BD Dweik Built a Career in Real Estate

Feb 20, 2023

BD Dweik is a successful real estate investor with over 25 years of experience. He purchased his first property in 1997. He is a partner at DA Commercial Investors working on value add QSR and Commercial Retail properties. is on the Board of Directors for Miraval Community (267 units) and has been Service President for 6 years.

 

BD holds a Bachelor's in Electrical and Computer Engineering and an MBA, Magna Cum Laude. He received his Commercial Real Estate Certificate in 2019 and has been focusing on value-add investment through syndications in multifamily, retail, and storage with ventures totaling north of $400M.

 

In this episode, BD shares how he stumbled into real estate from tech and the parallels between engineering and real estate. BD also discusses why he prefers investing in real estate deals with cash over retirement accounts and shares his experience redeploying his capital into real estate. We also talk about how real estate can save you money on taxes! 

 

[04:16 - 10:10] How BD Stumbled Into Real Estate and Became Mortgage-Free in 1997

• BD’s manager at IBM connected him with a realtor and mortgage lender, and he bought a cheaper three-bedroom townhome instead of a two-bedroom apartment.
• How BD started “house hacking” before it was a popular concept. 
• The parallels of engineering and real estate – The importance of stress testing and challenging your assumptions.  

 

[10:11 - 18:58] Shifting to Smarter Investments: Why Real Estate Deals with Cash Trump Retirement Accounts

• BD shares an experience that led him to redeploy his capital into smarter investments. 
• Rolling an older 401k from a previous employer into a new employer's plan can limit investment options.
• Why BD would rather invest in real estate deals with cash as opposed to a retirement account.

 

[18:59 - 00:00] Real Estate Investing: How It Can Help You Save Money on Taxes

• Real estate investments can save you money on taxes by allowing you to claim deductions such as depreciation.
• Timing the closing of deals can help investors get the most out of their investments and reduce taxes.
• BD tells the story of a wife who left her HR job to become a real estate professional and how she lowered her household's tax bracket while increasing her income. 

 

 

Tweetable Quotes:

 

“A big part of what we do in engineering and likewise in real estate is to stress test the deal to see if it stands or if our old assumptions are good assumptions.” – BD Dweik

 

“I use an extensive investment from both my retirement accounts that are self-directed as well as my capital.” – BD Dweik

 

“You're gonna save a lot better if you actually push back your taxes. Just work with your CPA and make sure you don't owe anything so you don't have to pay penalties.” – BD Dweik

 

 

You can connect with BD Dweik through his:

Website: https://www.bfi-fund.com/webinar

Email: [e-mail]

 

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Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/.

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