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.
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