Business
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 speaker at real estate investment forums and conferences across the country. [00:01 - 07:37] Opening Segment Get to know Brian Burke Brian shares about himself and his real estate investing Grab a copy of his book, The Hands-Off Investor [07:38 - 12:28] Understanding through Teaching Understanding more through writing a book Fake news: Pre-existing relationships How you can raise money from people but you cannot advertise [12:29 - 31:06] $500MM and 31 Years in Real Estate: Lessons for Passive Investors Why you should get legal advice from your counsel What’s a general solicitation? The best path, biggest risk, and greatest mistake by a passive investor The Grim Reaper: Changes in writing as a result of COVID All you can do is planning for safety The Downside of Financing Too Much It’s Always More Efficient to See Brian talks about yield maintenance and returns [31:07 - 42:38] Closing Segment Quick break for our sponsorsGroundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started. What is the best investment you've ever made other than your education?His most recent sale “You can never go broke making money.” Brian’s worst investmentThe best investment he bought with his education What is the most important lesson that you've learned in business and investing?“You always have to put your investors in first place.” Connect with my guest. See the links below. Tweetable Quotes: “If I could save one person from making the same mistake my friend did, then writing a 350-page manifesto I had to do this right and it’s probably going to be worth it.” - Brian Burke “All you can do when you’re doing underwriting is planning for safety. But the real safety comes from financing your property.” - Brian Burke “Discipline is one of the most important things that any buyer can have.” - Brian Burke ------------ Connect with Brian Burke through Twitter, Instagram, and LinkedIn. Visit their website https://praxcap.com/. Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/ Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms. LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes.