163: Multifamily Mastery: Brian Burke on Surviving Market Cycles

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This is an LFI episode and LFI is now part of PassivePockets.

Join us on this enlightening episode of the Passive Investing from Left Field podcast, where we dive deep with Brian Burke, president and CEO of Praxis Capital. With over $800 million in real estate acquisitions, Brian shares his seasoned perspective on navigating the unpredictable real estate market, preserving capital, and strategizing investments for long-term success. Whether you’re a new investor or a seasoned veteran, Brian’s insights on current market trends and his prudent approach to investment offer invaluable lessons in cautious yet successful real estate investing. Don’t miss out on these expert insights – tune in now!

About Brian Burke
Brian Burke is President / CEO of Praxis Capital Inc, a vertically integrated real estate private equity investment firm, which he founded in 2001.
Brian has acquired over 800 million dollars’ worth of real estate over a 30-year career including over 4,000 multifamily units and more than 700 single-family homes, with the assistance of proprietary software that he wrote himself. Brian has subdivided land, built homes, and constructed self-storage, but really prefers to reposition existing multifamily properties.
Brian is the author of The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications, and is a frequent public speaker at real estate conferences and events nationwide.

Key Points From The Episode:
1. Navigating Market Cycles: Brian discusses the importance of recognizing and adapting to market cycles, emphasizing a cautious approach during uncertain times.
2. Preserving Capital: He highlights strategies for safeguarding investments against market volatility and the significance of not losing investor money.
3. Real Estate Investing Realities: Brian shares insights on the challenges and realities of real estate investing in a fluctuating market, including dealing with interest rates and property values.
4. The Future of Investing: He offers predictions for the real estate market and advice for investors looking to navigate future uncertainties effectively.

Timestamps:
3:00 Has he lost any investor’s money
4:00 When is it the time to buy?
6:30 Will rate caps go down?
8:43 Will escrow help with rate caps?
11:03 Investor expectations
14:41 Capital calls
18:11 debt funds
23:12 Forecast for 2024
29:31 Floating rate debt
37:12 Syndicators in technical default of their loan covenant
39:46 Should LP invest in multifamily right now?
41:22 Pref equity and rescue funds on underperforming deals
45:07 How many investors should an LP invest with to diversify your portfolio
48:40 Bridge mortgage fund
51:51 Podcast recommendation
52:45 Contact Brian

Resources Mentioned:

Contact the guest:
Website
LinkedIn
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Twitter
Instagram
Instagram
Book

Podcast Recommendations:
Bigger Pockets

Advertising Partners:

Left Field Investors

Rust Belt Capital

Left Field Investors – BEC

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The comments, views, opinions and any forecasts of future events, returns or results expressed in this podcast reflect the opinions of the given host or participants (including the personal opinions of PassivePockets employees or contractors, as applicable), are subject to change without notice, do not reflect the views of PassivePockets or its affiliates, may not reflect actual investment results, are not guarantees of future events, returns or results and are not intended to provide financial planning, investment advice, legal advice or tax advice. The accuracy, completeness or suitability of the information discussed in this podcast, including any comments, views, opinions, forecasts, graphs, charts, ratings, reviews, videos, and other audio and/or visual aids cannot be guaranteed, are not reviewed by PassivePockets, are provided for informational purposes only, and should not be solely relied upon in making an investment decision. PassivePockets receives compensation from sponsors in exchange for profiling sponsors and/or their sponsored deals in this podcast; however, such paid advertisements shall not be construed as an endorsement, testimonial, or recommendation by PassivePockets to invest in any sponsor, investment strategy or investment opportunity. Investing in real estate is inherently risky and suitable only for sophisticated and qualified investors. Prospective investors should consult with their own investment advisors, financial advisors, and tax advisors, as applicable, in connection with any decision to invest.

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