Looking into hands-off investing in growth markets? In today’s episode, we’re going to dive into them! Brian Burke is the President and CEO of Praxis Capital, a vertically integrated real estate private equity investment firm which he founded in 2001. He currently manages active syndications in single family, multi-family, and opportunistic real estate assets across the United States. Brian is the author of The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications and a frequent public speaker in real estate conferences and events nationwide
[00:01] – [03:02] Opening Segment
- Let’s get to know today’s guest, Brian Burke
- Brian shares his humble real estate beginnings
[03:03] – [13:26] Investing Only in Growth Markets
- Harvesting and Multiplying Investments
- “We are not in a parking business.”
- The Growth Process of Hands-Off Investing
- High Barrier to Exit Markets
- Dealing with 17 Offers
[13:27] – [19:57] Hard-Earned Growth Lessons
- The Buyer and the Seller
- “Every lesson is learned the hard way.”
- Brian shares challenges he has faced in real estate
- Renter’s Insurance
- Raising capital to grow their portfolio earlier
[19:58] – [22:37] Final Four Segment
- Brian’s advice to aspiring investors
- “It’s a lot easier to lose a million dollars than to make a million dollars.”
- “Make money but don’t get overconfident because it can come back to bite you.”
- How Brian stays on top of his game
- Getting the best work-life balance
- Brian’s way to make the world a better place
- Improving housing quality
- Giving people tips, tricks, and confidence
- Reach out to our guest – see links below
- Final words
Resources Mentioned
Tweetable Quotes
“The returns get worse if you hold and they get better if you sell.” – Brian Burke
“Being a seller teaches you a lot about how to be a better buyer.” – Brian Burke
“I think I’ve seen it all but tomorrow will teach me that I have not. Everyday is a lesson.” – Brian Burke
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Connect with Brian Burke through: brian@praxcap.com, Instagram, BiggerPockets and LinkedIn. Check out his website https://praxcap.com/ and learn more on how to be a better real estate investor!
Connect with me:
I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.
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Email me → sam@brickeninvestmentgroup.com
