The Harsh Truth About the Real Estate Market in 2024 with Brian Burke

EPISODE 380: Is the real estate bubble about to burst?While no one can say for sure, it’s clear that the market is changing rapidly. It can be tough to navigate situations like these, especially for younger investors who have not experienced other periods of economic downturns. But fortunately, we do not have to rely on our own experience alone! Joining us today is the OG of syndication and returning guest Brian Burke. Brian is the President and CEO of Prax Capital, a vertically integrated real estate investment company he founded in 2001. In his 30-year career, Brian has acquired over $800 million worth of real estate, and he's the author of The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications. In this insightful episode, Brian and I will talk about the current state of the real estate market and how you can come out of it as a winner. Tune in! Key Takeaways: 00:00:00 Intro 00:04:15 The current state of the real estate market00:09:34 What Brian started noticing in 202100:12:32 The impact of COVID-19 on the real estate market00:18:55 How the economic downturn is affecting rental properties 00:22:08 US real estate market trends in 202400:27:36 Best investing strategies for 202400:30:54 Top 5 investing tips00:34:25 Outro —➡️ Check out Brian Burke: • Instagram: https://www.instagram.com/investorbrianburke/  • Website: https://praxcap.com/ ➡️ Visit https://reedgoossens.com/ and:• Invest passively in multifamily real estate • Get FREE access to my 100% Passive Real Estate Investment Masterclass• Take a look at my portfolio• Get FREE multifamily real estate resources ➡️ Follow me on social media:• LinkedIn: https://www.linkedin.com/in/reed-goossens-b2a6a933/ • Instagram: https://www.instagram.com/reedgoossens/ • Facebook: https://www.facebook.com/reed.goossens/ ➡️ Subscribe to my podcast: • YouTube: @ReedGoossensREI • Apple: https://apple.co/44MiDN7 • Spotify: https://spoti.fi/45fVIcR • Stitcher: https://bit.ly/3OHHJqJ • Soundcloud: https://soundcloud.com/investing-in-the-us —Investing in the U.S. is a podcast for real estate investors and entrepreneurs who want to break into the U.S. market and grow their wealth!Follow so you never miss an episode!