$500MM and 31 Years in Real Estate: Lessons for Passive Investors with Brian Burke

Published: Sept. 30, 2021, 5 a.m.

Brian Burke is President / CEO of Praxis Capital Inc, a vertically integrated real estate private equity investment firm.\xa0 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.\xa0 Brian is the author of \u201cThe Hands-Off Investor: An Insider\u2019s Guide to Investing in Passive Real Estate Syndications\u201d and is a frequent speaker at real estate investment forums and conferences across the country.\n\xa0\n[00:01 - 07:37] Opening Segment\nGet to know Brian Burke\nBrian shares about himself and his real estate investing\nGrab a copy of his book, The Hands-Off Investor\n\xa0\n[07:38 - 12:28] Understanding through Teaching\nUnderstanding more through writing a book\nFake news: Pre-existing relationships\nHow you can raise money from people but you cannot advertise\n\xa0\n[12:29 - 31:06] $500MM and 31 Years in Real Estate: Lessons for Passive Investors\xa0\xa0\nWhy you should get legal advice from your counsel\nWhat\u2019s a general solicitation?\nThe best path, biggest risk, and greatest mistake by a passive investor\nThe Grim Reaper: Changes in writing as a result of COVID\nAll you can do is planning for safety\nThe Downside of Financing Too Much\nIt\u2019s Always More Efficient to See\nBrian talks about yield maintenance and returns\n\xa0\n[31:07 - 42:38] Closing Segment\nQuick 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.\n\nWhat is the best investment you've ever made other than your education?His most recent sale\n\u201cYou can never go broke making money.\u201d\n\nBrian\u2019s worst investmentThe best investment he bought with his education\n\nWhat is the most important lesson that you've learned in business and investing?\u201cYou always have to put your investors in first place.\u201d\n\nConnect with my guest. See the links below.\n\xa0\nTweetable Quotes:\n\u201cIf 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\u2019s probably going to be worth it.\u201d - Brian Burke\n\u201cAll you can do when you\u2019re doing underwriting is planning for safety.\xa0 But the real safety comes from financing your property.\u201d - Brian Burke\n\u201cDiscipline is one of the most important things that any buyer can have.\u201d - Brian Burke\n------------\nConnect with Brian Burke through Twitter, Instagram, and LinkedIn.\xa0 Visit their website https://praxcap.com/.\xa0\n\xa0\nInvest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/\nParticipate 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.\xa0\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes.