Brian shares his journey from having no money and no marketable skills, to flipping houses to gradually owning 4,000 units of multifamily properties. The initial challenges were using credit cards for financing and leveraging private capital.
Today, Brian emphasizes the importance of preserving investors' principal and earning a return as the top priorities in his business.
He also discusses his recent decision to sell off most of his properties in anticipation of a market downturn.
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WHAT TO LISTEN FOR
2:07 The importance of Starting Small and Scaling Gradually
14:23 Preservation of Principal is Priority
24:02 Market Sensitivity and Strategic Asset Liquidation
26:51 The Impact of Economic Cycles on Real Estate Investments
RESOURCES/LINKS MENTIONED
Brian’s Resources material
ABOUT BRIAN BURKE
Brian is the President and CEO of Praxis Capital Inc, a vertically integrated real estate private equity investment firm. He’s acquired over 800 million dollars’ worth of real estate over a 30-year career including 4,000 multifamily units and more than 700 single-family homes.
CONNECT WITH BRIAN
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Tim Lyons, Greg Lyons and Paul Dircks are Registered Representatives of Finalis Securities LLC, member FINRA/SIPC. This material has been prepared for information and educational purposes only, and it is not intended to provide, nor should it be relied on for tax, legal, or investment advice. Investors should consult with their own tax, legal, and financial professionals before investing. Podcasts reflect the opinions of only the authors who are Registered Representatives of Finalis and do not reflect the views of Finalis, Inc. or any of its subsidiaries or affiliates. Real estate investments are generally highly risky. They can be volatile, unpredictable, illiquid, and are subject to ebbs and flows and market shifts. Investors also risk the loss of all principal investments. Any third-party information provided therein does not reflect the views of Finalis or any of their subsidiaries or affiliates.
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