Jan 28, 2022

Title: Getting Through Difficult Periods in Real Estate with Brian Burke

Brian Burke is President / CEO of Praxis Capital Inc, a vertically integrated real estate private equity investment firm. 

Brian has acquired over half a billion dollars’ worth of real estate over a 30-year career including over 3,000 multifamily units and more than 700 single-family homes, with the assistance of proprietary software that he wrote himself. Brian has subdivided land, built homes, and constructed self-storage, but really prefers to reposition existing multifamily properties. Brian is the author of The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications, and is a frequent public speaker at real estate conferences and events nationwide.

Let’s hear more of his story!

[00:01 - 12:15] Opening Segment

• Let’s welcome my guest for today’s show, Brian Burke
• What got Brian to work in Real Estate
• Having no idea what you want to do in life
• Highs and lows of Brian’s Real Estate experience
• Coping with the recession and financial collapse 
• What Brian should have done differently

[12:16 - 28:19] Less debt, less risk

• Rule of thumb in leveraging
• Reasons why they project low returns
• Lower risk category 
• Class C is a difficult road
• Development and Repositioning
• The main reason Brian don’t want to do development anymore
• Mitigating risk in investing in Real Estate
• What inspires Brian to write his book: The Hands Off Investor
• The worst questions to ask
• How did Brian make it mentally

[28:20 - 30:12] Closing Segment 

• Final Words
• Connect with my guest, Brian, in the links below

Resource Mentioned:

• The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications

Tweetable Quotes

"There’s always those highs to think about, but this business is cyclical and there’s lows too.” - Brian Burke

"No matter how much you read about things that can go wrong, until you actually experience it, you’ll never really feel the whole weight of it.” - Brian Burke

"The less, the better.” - Brian Burke

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Shoot Brian a message through his email brian@praxcap.com

Connect to his Instagram, BiggerPockets, and LinkedIn

Get to know more about PraxCap through their LinkedIn, Instagram, Twitter, and Facebook

Don’t forget to check out their website www.PraxCap.com

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