Episode #122: Navigating Stormy Weather with Brian Burke

Despite the volatile nature of the market, today’s guest has consistently managed to get into deals when the market was good and get out when it was even better. Brian Burke is the President and CEO of Praxis Capital, a vertically integrated real estate private equity firm that he founded in 2001. Praxis now has over $5 billion of transactional experience in multi-family real estate. In this episode, Brian explains why he has been focusing on selling instead of buying over the past few years. He believes that his asset management superpower is to recognize opportunity and his success attests to this. To find out about his predictions for the market in the next 6 to 12 months, what data he wants to see before he reenters the market, and what areas or markets he has his eye on for future opportunities, tune in today!Key Points From This Episode:An introduction to Brian Burke and his career in real estate. Brian’s focus on selling, as opposed to buying, over the past few years.  Insight into how much work is involved in selling a deal instead of just getting a deal. Brian’s predictions for the market in the next 6 to 12 months. What data he wants to see before he reenters the market.The dangerous assumptions that investors are currently making in terms of rent growth.Markets or areas that have changed in the last year or two that Brian is keeping an eye on. How Brian was able to exit properties with a decent return despite unpaid rent during the COVID pandemic. Brian’s asset management superpower to recognize opportunity. Links Mentioned in Today’s Episode:Brian Burke  Praxis Capital The Hands-Off Investor Episode #2: Refinancing with Brian BurkeAsset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YoutubeGary Lipsky on LinkedIn