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10 Years Until Profitability To Acquiring $500-Million In Real Estate - Brian Burke
Episode 154th January 2021 • Contrarian Cashflow • John Blanton
00:00:00 00:53:31

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Brian Burke 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 President / CEO of Praxis Capital and the author of The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications.

[00:01 – 08:35] Opening Segment

  • I introduce and welcome our guest, Brian Burke.
  • Brian talks about what he and Praxis Capital has been up to
  • Quick plug to Brian’s book title “The Hands-Off Investor.”
  • Grab a copy on www.biggerpockets.com/syndicationbook for bonus content offered by the publisher.

[08:36 – 24:13] Struggle of Building a Business

  • Why real estate?
  • Brian shares his journey to investing in real estate
  • Brian shares a story from his first job working at a grocery store
  • DBA – filing a fictitious business name until you find interested investors
  • Quitting his job and transitioning to being a full-time real estate investor


 [24:14 – 34:25] Acquiring $500-Million in Real Estate

  • Brian talks about his “AHA!” moment.
  • Brian shares the process of building up their portfolio.
  • A 10-year long journey to profitability


[34:26 – 48:02] The Hands-Off Investor

  • Why did you get involved in BiggerPockets?
  • Writing his book titled “The Hands-Off Investor.”
  • Brian’s advice to a passive investor looking to invest with an operator


[48:03 – 53:31] The Contrarian 3-Pack

  • What would you say is the most contrarian investment you’ve made?
  • Foreclosures 
  • What’s your favorite activity to do with your friends and family outside of work?
  • Flying airplanes
  • What actions, whether within work or family, offer you the most fulfillment in life?
  • The life I’ve created at home and the things that I’ve been able to see my investors benefit from.
  • Get in touch with Brian. See the links below.


Tweetable Quotes:

“Once in a while, you’re gonna go through some challenging times and some difficulty. Ultimately, it’s a growth opportunity, and I wouldn’t be where I am today or who I am today if I didn’t go through those challenges.” – Brian Burke

“If I could educate [investors] a little bit on kinda what to look for and what’s important and what’s not important. That’ll help people avoid some of the mistakes that they otherwise would make.” – Brian Burke

 

Resources Mentioned:

 

Get in touch with Brian on BiggerPockets, Instagram, and their website https://praxcap.com/. Interested investors can head over to http://investwithpraxis.com/.


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Think Different. Earn Different. Live Fulfilled.