Multifamily Mastery: Brian Burke on Surviving Market Cycles

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: www.PraxCap.com
LinkedIn: www.linkedin.com/company/praxcap
LinkedIn: www.linkedin.com/in/praxiscapital
Facebook: https://www.facebook.com/praxcap/
Twitter: https://twitter.com/praxcap
Instagram: https://www.instagram.com/praxcap/
Instagram: https://www.instagram.com/investorbrianburke
Book: www.BiggerPockets.com/SyndicationBook


Podcast Recommendations:
Bigger Pockets: https://www.biggerpockets.com/

Advertising Partners:

Left Field Investors:
https://www.leftfieldinvestors.com/

Rust Belt Capital
https://rustbeltcapital.com/

Left Field Investors - BEC
https://www.leftfieldinvestors.com/bec/