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069: How to Become a Hands-Off Investor with Brian Burke

069: How to Become a Hands-Off Investor with Brian Burke

FromZen and the Art of Real Estate Investing


069: How to Become a Hands-Off Investor with Brian Burke

FromZen and the Art of Real Estate Investing

ratings:
Length:
55 minutes
Released:
Sep 18, 2023
Format:
Podcast episode

Description

A career in real estate may start small, but over the years, with thoughtful actions, it can lead to more significant opportunities. Scaling to the next level isn’t always easy, but it is definitely rewarding. Listen here → http://www.trustgreene.com/podcast/zen/069  On this episode of Zen and the Art of Real Estate, Jonathan’s guest is Brian Burke, president and CEO of Praxis Capital, a vertically integrated real estate private equity investment firm. Brian is also the author of The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications. During his 30-year career, he’s acquired over $800 million in real estate.  Jonathan and Brian dive into Brian’s career in real estate, from purchasing foreclosures in the beginning to creating software for his real estate business and his shift to multifamily properties during the 2008 real estate crash. They also discuss why investors should diversify their asset classes, who Brian’s investors are, and why he almost gave up on his real estate career during the 2008 real estate crash. Finally, Brian explains the current disconnect between buyers and sellers when it comes to fair property sale prices. With more than 30 years in real estate investing, Brian Burke’s unmatched knowledge and experience make this a can’t-miss episode. In this episode, you will hear: Brian Burke’s first exposure to real estate when his parents received a foreclosure notice on their front door His start in real estate with foreclosures in the late 1980s, which led to Brian creating software to help him organize his business How he systematized his process for purchasing foreclosure properties, including inspections The organic scaling of Brian’s business and why he changed paths to multifamily properties when he realized that foreclosures might eventually dry up Multifamily syndications and the requirement to stay involved for multiple years at a time What a debt fund is, and how it relates to an equity fund in syndications The importance of diversification of asset classes for investors and vetting who you’re investing with How Brian Burke came up with the passive-investing topic for his book, The Hands-Off Investor Who his investors are and why you should be working with more than one sponsor The impact of 2008 on Brian’s real estate career, the reason he almost gave up, and what he would do differently today Why some people come to syndications because they weren’t good mini-operators on their own The disconnect between buyers and sellers when it comes to what a fair price is for property His advice for investors who want to get into the market now and where his business is going Follow and Review: We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at http://www.trustgreene.com/podcast/zen/069 to download it. Supporting Resources: Praxis Capital website - www.PraxCap.com Find Praxis Capital on Facebook - https://www.facebook.com/praxcap/ Connect with Brian Burke on Instagram - https://www.instagram.com/investorbrianburke Praxis Capital on LinkedIn - www.linkedin.com/in/praxiscapital Connect with Praxis Capital on Twitter/X - https://twitter.com/praxcap Get Brian Burke’s book - www.BiggerPockets.com/SyndicationBook Find Praxis Capital on Instagram - https://www.instagram.com/praxcap/ Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreen
Released:
Sep 18, 2023
Format:
Podcast episode

Titles in the series (100)

What if you could learn from experienced real estate investors, find out what got them to where they are now, get insight into their daily habits, and take these insights to inspire your own growth? That’s what each episode of Zen and the Art of Real Estate Investing brings. Hosted by Jonathan Greene, a real estate investor for more than 30 years, as well as advisor and coach, the founder of Streamlined Properties and the Team Leader of Streamlined Properties On-Market, brokered by eXp Realty, every episode is an in-depth look at the mindful approach to real estate investing. If you are looking to start from scratch, get to the next level, or just for a straightforward and honest approach to real estate investing, Zen and the Art of Real Estate Investing is the free mentorship program you can take with you anywhere.