Episode 80: Choosing the Right Sponsor and Deal: Lessons from Brian Burke

In this episode of The Path to Wellth, we have the pleasure of hosting Brian Burke, an esteemed public speaker and the CEO of Praxis Capital. Drawing on over three decades of real estate expertise and a successful track record of acquiring properties totaling over $800 million, Brian shares his perspectives on passive real estate investment through syndications. He delves into the inspiration behind his book, emphasizing its role in safeguarding others from falling prey to fraudulent schemes. Brian's overarching mission is to assist as many individuals as possible and foster a positive influence within the real estate industry.

Listen to this episode for valuable insights and advice on passive real estate investment.

Enjoy this episode on your favorite podcast platform

✅ Apple →  https://podcasts.apple.com/gb/podcast/choosing-the-right-sponsor-and-deal-lessons-from/id1625806145?i=1000635159915
✅ Youtube → https://youtu.be/hRcw9HTyhMk


Let’s Stay Connected

✅ LinkedIn →  https://www.linkedin.com/in/hannes-hennche/


Connect with Brian Burke

✅ LinkedIn → https://www.linkedin.com/in/praxiscapital/
✅ Website → https://praxcap.com/


Time Stamps

[00:00:34] Real estate investment risks
[00:03:30] Passive investors and education
[00:07:38] Surviving adverse market cycles
[00:12:08] Finding opportunity in real estate
[00:15:23] Market cycles and nuances
[00:19:24] Motivated sellers and disgusted buyers
[00:24:23] High loan to value ratios
[00:26:37] Learning from deals that go wrong
[00:31:25] Financing and surviving economic calamity
[00:34:09] Facing challenges and growing
[00:37:03] Licensing standards for investing

Quotes

"The sponsor is in prison, but that's no consolation to my friend who, instead of being set for life in retirement, is instead driving for a rideshare service just to put food on the table."

"Because their investors are better informed." 

"How long somebody's been doing it, what kind of results they've produced."

"I don't care how good the deal is or how long somebody's been doing something. If they have poor moral character, it's probably going to end up in disaster."

 "And that is when people are irrationally over exuberant about buying real estate, it's time to get the hell out."

"I'm waiting for motivated sellers coupled with disgusted buyers."

"We always learn stuff the hard way because the only time you're really paying attention is when the shit hits the fan."

"I was paying $15,000 a month out of my own pocket, just to pay for the mortgage on this property."

"I want to sit in a plane where the guy knows how to land it."

"If you can do all of those things, that's one hell of a life."

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