JF3669: The Unsexy Reality of Building a Syndication Business from Scratch ft. Brian Burke

The Best Ever CRE Show

Best Ever CRE

Realestatepodcast, Entrepreneurship, Business, Realestate, Investing, Realestateinvesting, Realestateinvestingpodcast

4.8 • 983 Ratings

🗓️ 20 September 2024

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode of Next Level CRE on the Best Ever Show, Brian Burke, CEO of Praxis Capital, joins host Matt Faircloth.

Brian has acquired over half a billion dollars of real estate in his 30-plus years in the business, including more than 3,000 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 prefers to reposition existing multifamily properties.

Brian discusses how to build a syndication business from scratch, including how to time the market based on psychology, the biggest misconceptions about multifamily properties, and the key hires he made that scaled his business from $30-40 million to $100 million. He also explains why he (almost) never visits the properties he buys and how he would build his business if he has to start over from scratch today.

Brian Burke | Next Level CRE

Praxis Capital
Portfolio:
- 1,000 units +/-
Based in: Santa Rosa, CA
Say hi to him at:
- LinkedIn

Sponsors:

Altra Running

Apartments.com

Transcript

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0:00.0	I'm a pretty avid runner and recently my foot have been bothering me for running so much
0:05.7	Then my friends at ultra running send me a pair of shoes to try
0:09.9	I got the experience flow which is a road running shoe and I can't tell you how
0:15.4	surprise I am with how comfortable these shoes are. My foot pain is gone and
0:19.9	running has never been more enjoyable. The thing with Ultra is that every pair has a roomy toe box
0:26.0	and I could immediately tell a difference.
0:28.0	My feet aren't crammed in or squished.
0:30.0	They're super comfortable.
0:32.0	Ultra also makes their shoes zero to low drop,
0:35.0	which basically means your heel isn't elevated off the ground
0:39.0	like some other shoes, which is great for enhanced balance
0:42.0	and keeping your feet in a more natural position.
0:45.0	It's all day comfort that you really do need to feel to believe.
0:49.0	And right now, you can try a pair risk-free with a free 30-day trial.
0:54.0	So try them out, and if they're not for you,
0:56.7	send them back for a full refund.
0:58.6	Just head over to ultra-running.com
1:00.7	and find your new favorite pair of shoes today. That's A L T R A R A R running dot com.
1:07.0	Stay out there with Ultra.
1:09.0	Places come in all shapes and sizes.
1:11.0	Whether it's a three-story town home or a 300 square foot
1:14.4	condo, Apartments.com will help lease them all. Because no matter what kind of
	...

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