163: Multifamily Mastery: Brian Burke on Surviving Market Cycles

Passive Investing from Left Field

Join us on this enlightening episode of the Passive Investing from Left Field podcast, where we dive deep with Brian Burke, president and CEO of Praxis Capital. With over $800 million in real estate acquisitions, Brian shares his seasoned perspective on navigating the unpredictable real estate market, preserving capital, and strategizing investments for long-term success. Whether you're a new investor or a seasoned veteran, Brian's insights on current market trends and his prudent approach to investment offer invaluable lessons in cautious yet successful real estate investing. Don't miss out on these expert insights – tune in now!

About Brian Burke

• Brian Burke is President / CEO of Praxis Capital Inc, a vertically integrated real estate private equity investment firm, which he founded in 2001.
  Brian has acquired over 800 million dollars’ worth of real estate over a 30-year career including over 4,000 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.
  

Here are some power takeaways from today’s conversation:

3:00 Has he lost any investor's money

4:00 When is it the time to buy?

6:30 Will rate caps go down?

8:43 Will escrow help with rate caps?

11:03 Investor expectations

18:11 debt funds

23:12 Forecast for 2024
29:31 Floating rate debt

37:12 Syndicators in technical default of their loan covenant

39:46 Should LP invest in multifamily right now?

41:22 Pref equity and rescue funds on underperforming deals

45:07 How many investors should an LP invest with to diversify your portfolio

48:40 Bridge mortgage fund

51:51 Podcast recommendation

52:45 Contact Brian

This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.

Resources Mentioned:

Website: www.PraxCap.com
LinkedIn: www.linkedin.com/company/praxcap
LinkedIn: www.linkedin.com/in/praxiscapital
Facebook: https://www.facebook.com/praxcap/
Twitter: https://twitter.com/praxcap
Instagram: https://www.instagram.com/praxcap/
Instagram: https://www.instagram.com/investorbrianburke
Book: www.BiggerPockets.com/SyndicationBook

Podcast Recommendations:

Bigger Pockets: https://www.biggerpockets.com/

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