The only way to get to where you want to be is to start moving! Brian Burke started out with no money, no skills, no training and no connections, and over the past 32 years has built up his real estate business from house flipping one or two houses a year to buying over 3000 units across the US through multi family syndication (which he describes as a long and expensive house flip!). Brian is a wealth of knowledge, and he shares much of it with us in today’s episode, including the 5 key factors to take note of before investing in real estate, the 3 trust curves that passive investors need to check-off before investing their money, and the best way to raise money in the real estate sector. If you want to learn more, The Hands-Off Investor is a book that Brian wrote after his friend lost her entire life savings in a bad real estate deal, which inspired him to help prevent other people from making costly mistakes with their money. In all his years in the industry, Brain has consistently helped investors achieve their goals and has never lost anybody’s money; a sure definition of success!
Key Points From This Episode:
- Brian explains how his business has grown over the past 32 years.
- What the real estate market currently looks like.
- The importance of being flexible and adaptable if you work in the real estate industry.
- Large multi family syndication; the current focus of Brian’s business.
- Inspiration behind Brian’s book, The Hands-Off Investor, and who will benefit from reading it.
- What experienced sponsors know that the less experienced still have to learn.
- Examples of how to determine the suitability of an investment.
- Factors that should be present in the market that you choose to invest in.
- Why you should be checking your sponsor’s assumptions.
- When a passive investor needs to be active.
- Brian explains the three trust curves that passive investors need to check-off before investing their money.
- The best way to raise money in real estate.
- Book recommendations from Brian.
- The first time Brian spent any money on his real estate investment education.
- Weighing up the value of paying for coaching.
- A vital learning that Brian had during the 2008 economic collapse.
- Brian shares a major key to his success and how he defines it.
Links Mentioned in Today’s Episode:
Praxis Capital
Brian Burke on Instagram
Brian Burke on BiggerPockets
The Hands-Off Investor
Real Leaders Don’t Do Powerpoint
TED Talks: The Official TED Guide to Public Speaking
WildOak Capital
