The Hands-Off Investor: Unveiling Strategies with Brian Burke | Know your why #322

In this new episode, Jason sits down with Brian Burke, a seasoned multifamily real estate mogul and the President and CEO of Praxis Capital. Brian shares his transformative journey from house flipper to managing over 4,000 multifamily units and raising $300 million in investor capital. The conversation explores how Brian has navigated various market cycles, particularly the severe downturn in the multifamily market, which he describes as more intense than the 2008 financial crisis. Brian's expertise in protecting investor capital through turbulent times and his strategic decision-making process provide invaluable lessons for both seasoned and aspiring passive investors. Key Takeaways: 1. Brian's Journey: - The transition from house flipping to multifamily real estate around 20 years ago. - Managing over 4,000 multifamily units, raising $300 million from thousands of investors without losing any investor capital. 2. Market Insights: - Current multifamily market downturn is described as more severe than the 2008 financial crisis. - Multifamily pricing has dropped by 30- 40% from its peak in early 2022. 3. Track Record and Investor Protection: -The importance of a strong track record, especially through various market cycles. -Brian's approach to protecting investor capital, including dipping into personal funds during challenging times to cover expenses and debt service. 4. Timing the Market: -Brian's strategy for selling properties during market peaks and buying duringdownturns. - Insights into market indicators and gut feelings that led to timely exits and entries in the real estate market. 5. Debt Structure and Risk Management: - The critical role of debt structure in real estate investments. - Avoiding high leverage and short-term bridge debt during uncertain marketconditions to mitigate risk. 6. Advice for Passive Investors: - Importance of vetting syndication sponsors' track records and market experience. Get in touch with Brian: www.praxcap.com IG: @investorbrianburke If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/ Artist: http://audionautix.com/