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

————————————————————————

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

WANT TO LEARN MORE?

Connect with me through LinkedIn

Or send me an email sujata@luxe-cap.com

Visit my website www.luxe-cap.com or my YouTube channel

Thanks for tuning in!  

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Sujata Shyam Passive Income Expert

Suja Shyam is a real estate investor, underwriter, Short-Term rental operator, and Fund Manager. Since founding Luxe, her primary focus has always been helping others achieve their financial & life goals.

Suja’s desire to help people started at a young age and continued through the years as she graduated from Northwestern University, and the Carnegie Mellon Tepper School of Business.

After using her student loans to flip her first house during her MBA, she spent 4 years underwriting multifamily acquisitions for institutional buyers.

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By way of bootstrapping her Short-Term Rental Business, and getting her hands dirty, Suja replaced her corporate income at the age of 33.

As a Managing Partner of Luxe Capital, Suja is responsible for acquisitions, fund management, and investor relations.

Integrity, exceptional communication, and delivering results to investors are at the core of every decision she makes.

When Suja isn't touring properties, or underwriting deals, you can find her rollerskating with her friends or exploring an unknown corner of the world.