In this episode, I sit down with Steve Bruere, a farm kid turned real estate mogul, to discuss the ins and outs of investing in Iowa's diverse real estate market. From farmland and vineyards to development projects and commercial assets, Steve shares his journey and insights on the unique opportunities in the state. We explore the benefits of farmland as an investment, the impact of inflation and interest rates, and Steve's ambitious projects like the agrihood in Warren County. Join us to learn about the strategies that drive successful real estate investments in Iowa.
Key Talking Points:
- [00:00] - Introduction to Steve Bruere and his background in Iowa farming.
- [00:57] - Steve's role at People's Company and its growth across 30 states.
- [02:13] - The nuances and complexities of managing farmland investments.
- [06:13] - The appeal of farmland as a capital preservation asset, especially during inflation.
- [10:20] - Challenges and opportunities in transitional development land around Des Moines.
- [11:46] - The importance of buying high-quality farmland for long-term appreciation.
- [13:22] - Current market dynamics: Inflation, interest rates, and their effects on farmland value.
- [19:49] - Innovative projects like the agrihood in Warren County and its unique features.
- [22:22] - Steve's thoughts on the future of farmland investments and adapting to market changes.
- [27:22] - Upcoming events and resources, including the Land Investment Expo.
Links & Resources:
- People's Company: https://www.peoplescompany.com
- Land Investment Expo: https://www.landinvestmentexpo.com
- Legacy Impact Investors: https://www.legacyimpactinvestors.com
- Little Guy Loans: https://www.littleguyloans.com
Closing Remark: Thank you for tuning in to this insightful episode with Steve Bruere! If you enjoyed our discussion, please subscribe on Apple Podcasts, Spotify, or your favorite platform. Share this podcast with friends and family who might benefit from our real estate investing tips. Leave us a review and let us know your thoughts. Your feedback helps us improve. Follow us on social media for updates and exclusive content. Keep taking action and remember, it's all about doing the work. Happy investing!