In 2 or 3 years, all these foreclosures are going to be gone. We’ve got this great engine that we’ve built. It was the greatest time of growth for our business.Īs I was doing all this, I was thinking, “I’m building up this great base of investors. Right after it happened, I built back up, got jumped right back in and was doing 100 houses a year. I managed to avoid all of that because I slammed on the brakes right before that happened. I was like, “Something’s going to happen badly.” That was the massive recession. By year fifteen, I was doing a couple of dozen houses a year and stopped. It took a few years to get going.Ībout year 6 or 7, I was doing a dozen houses a year. I started with one and then another very slowly at first.
I was buying, fixing up and reselling houses. I’m fully equipped with everything you need.” I made my first house purchase and never looked back. I figured, “I’m perfectly situated to become a real estate investor. I had no money, connections or knowledge. I got into real estate when I was barely twenty years old. If we could start the same way we always start, with your journey, how did you get into real estate and become a syndicator? Give us the story there. As we talked offline, we’ve had a lot of people join the community in the past few years and a lot of new readers of the show. It’s an honor to be guest number three and an honor to be back. I’m thankful for Brian taking a shot at us when we were on episode three. Most importantly, he was guest number three on the show, which was released a couple of years ago. He’s been in real estate for many years and twenty years as a syndicator. He started in real estate at age nineteen after reading a real estate book. He’s the author of what is the best book on passive investing, especially for people like me and people that are investors.
He is the CEO and Founder of Praxis Capital. I’m thrilled to have Brian Burke with us. Navigating The Multifamily Market: Strategies For The Hands-Off Investor With Brian Burke
Brian burke hands off investor how to#
Tune in to learn how to invest passively and effectively in the multifamily market. He also discusses different strategies such as how passive investors should change their analysis of a deal when cap rates, interest rates, and rent growth are in different places, and how to spread risk among different sponsors, property types, and asset classes. Brian shares his experiences and insights on the multifamily market and its trends, as well as where he thinks it’s headed. In this episode, Jim Pfeifer interviews Brian Burke, the CEO and Founder of Praxis Capital, about his journey to becoming a syndicator and authoring one of the most popular books on passive investing for investors, The Hands-Off Investor.
Passive investing is not just about finding the right deal it’s about finding the right sponsor who has the discipline, experience, and integrity to deliver consistent results for their investors through the ups and downs of the market.
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