151. Getting Through Difficult Periods in Real Estate with Brian Burke
- 151. Getting Through Difficult Periods in Real Estate with Brian Burke Sujata Shyam 30:13
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:
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
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
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