How To Get Started with Multifamily Investing W/ Brian Burke

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

Commercialrealestateinvesting, Realestateinvesting, Cashflow, Smartinvesting, Apartmentinvesting, Investingsmart, Management, Buyingrealestate, Entrepreneurship, Business, Realestateinvestment, Multifamilyrealestateinvesting, Makingmoney, Buyingapartmentbuildings, Jakeandgino, Investing

4.9 • 842 Ratings

🗓️ 15 July 2021

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Brian started real estate investing after coming to know that it is quite possible to invest in real estate with no money down. He tried this idea out in the market and succeeded. Since then, there is no looking back. On this episode, Jake and Gino talk with Brian Burke. Brian is President & CEO of Praxis Capital, Inc., a vertically integrated real estate private equity investment firm, which he founded in 2001. The key takeaways from the Podcast include the following: It takes commitment, education and action to succeed in real estate investing. Financing comes later. There are various creative ways to get started with multifamily investing with little to no capital investment. It needs to ask the right questions for an investor to succeed in real estate investing. Every asset class has its own risk and reward profile, and looking at the historic records, real estate is one of the most stable and vibrant asset classes. And within the real estate domain, multifamily real estate is indeed the top one. Avoid the Shiny Object Syndrome. Stick to your channels and focus on what you need to do to make it work. If Multifamily Investing has worked for so many people, it can work for you too. All you need is right education and action. Do you want to learn more about Multifamily Investing, join this complimentary training: https://bityl.co/6v71 Learn more about Brian: https://praxcap.com/

Transcript

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0:00.0	Hello, this Jake sends the on host of the Wheelbarrow Props podcast here with my co-hosts, a
0:11.6	multi-family mentor, the coach chef, father, six, best-selling author, The Gee Daddy.
0:16.1	Gino, Barbara, Gina, how's it going?
0:17.5	Jake, I'm feeling a little sentimental today. How are you feeling?
0:21.4	Always making it happen, big man. We've got a special guest today. Our guest today has acquired
0:26.1	over a half billion dollars worth of real estate over his 30-year career, including over 3,000
0:31.4	multi-family units. He is the president and CEO of Praxis Capital, Inc. and author of The Hands Off. Hands up, Gino, investor. So about further ado, Brian Burke, welcome to show.
0:44.7	Thanks for having me, guys. Brian, talk to me. You've been doing this for 30 years. And not many 30-year-olds when I'm reading the book had thought about a business plan most people in their 40s
0:55.8	and 50s weren't accomplished as you were in your late 20s and 30s where did you get the idea how
1:01.5	did you start out that that journey well you know like everybody else I read a book that said you
1:07.4	could buy real estate with no money down and figuring that I had no money.
1:12.2	This was the perfect book for me.
1:14.3	Clickbait before clickbait existed, right?
1:14.8	Yeah.
1:17.1	This was before the internet existed.
1:19.5	Yeah.
1:20.4	So I read the book.
1:21.3	I saw I could do it.
1:23.2	And so that's what I set out to do.
1:24.5	I was like 20 years old.
1:27.8	I made an offer on this house and asked the seller if they'd carry back the down payment. And they said yes. And I thought, wow, the book stuff does work. And there, I was a
1:32.5	real estate investor. I bought my first property. And from that point forward, I never could look back.
	...

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