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Jul 28, 2020

Brian Burke is President & CEO of Praxis Capital, Inc., a vertically integrated real estate private equity investment firm, which he founded in 2001. Brian is also a member of the Praxis Investment Committee. Praxis operates on multiple platforms, currently managing active syndications for the acquisition of single-family, multifamily and opportunistic residential assets in US growth markets. Over the course of a real estate investment career that began in 1989, the offerings Brian manages have acquired over 750 properties, including over 3,000 multifamily units, with the assistance of proprietary software that he wrote himself. Acquired asset classes include single family homes, self storage, mixed-use and large apartment complexes in multiple states. Brian has arranged well over $500 million in debt and equity for Praxis acquisitions. Praxis’ current portfolio exceeds $200 million of real estate assets under management. Brian is the author of The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications, and a frequent public speaker at real estate conferences and events nationwide.

In this episode, Brian shared how he started in real estate, his humble beginnings, the type of his first deals, flipping homes, in depth explanation of real estate syndication, its advantages and disadvantages, cash flow and returns. We also talked about his book "The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications" and many MORE!

 

Quotes:

  • ”If you don't have the money you can't buy the real estate. It's like showing up to the department store and you don't have your credit card with you.”
  • “I knew that real estate was the path for me and I just kept persevering in it.”

 

Resources and Links:

https://praxcap.com/

BiggerPockets-Brian Burke