E223: How to Avoid The Common Pitfalls In Multifamily Investing – Brian Burke

This week’s Best Of episode features a clip from our interview with Brian Burke where he gives us free advice on how to avoid the common pitfalls in multifamily investing. Find out more about our investing opportunities here 👉  www.vonfinch.com/invest👈

Brian Burke is an extremely successful real estate investor with over 31 years of investing, the President and CEO of Praxis Capital, Inc., the author of The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications, and a public speaker that teaches others how to invest in multifamily real estate.

In our full-length episode with Brian, we went into a deep dive into how to become a hands-off investor while avoiding the common pitfalls that come with it. There were a lot of crucial points made in that episode, but this week, we’re bringing back the most important ones that we believe a lot of our listeners can learn from.

Listen to this quick yet informative episode as Brian and I talk about how to invest with the right people, the importance of diversification, and why you need to eliminate a single point of failure while investing in real estate.

KEY TAKEAWAYS

1. The biggest mistake that investors can make is having a single point of failure.

2. Protect your downside to protect your upside.

3. Humans are often better than books when it comes to avoiding potential pitfalls.

LINKS

Brian Burke on BiggerPockets: https://www.biggerpockets.com/blog/contributors/brianburke

Praxis Capital Official Website: https://praxcap.com/our-team/

The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications on Amazon: https://www.amazon.com/Hands-Off-Investor-Insiders-Investing-Syndications/dp/1947200275

Join InvestorMindset.com for more!