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E207: Becoming a Hands-Off Passive Investor – Brian Burke

E207: Becoming a Hands-Off Passive Investor – Brian Burke

FromThe Investor Mindset - Name Your Number Show [$]


E207: Becoming a Hands-Off Passive Investor – Brian Burke

FromThe Investor Mindset - Name Your Number Show [$]

ratings:
Length:
13 minutes
Released:
Apr 5, 2021
Format:
Podcast episode

Description

Let’s take a look back at one of the best snippets with Brian Burke where we talk about finding the right investments and sponsors for your passive income needs. Join our private investor network at ? www.vonfinch.com/invest ?Brian Burke is the CEO of Praxis Capital Inc. and the author of “The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications”. Having started his investing career at only 20 years old, Brian has acquired over half a billion dollars’ worth of real estate with over 3,000 multifamily units and 700 single-family homes. Now an extremely successful multifamily syndicator, Brian shares with us some of his best practices when it comes to finding the right deals, creating relationships with the best sponsors, and figuring out if an opportunity is truly right for you.If you’ve always wanted to be a hands-off investor but don’t know where to start, listen as Brian and I talk about the common pitfalls in passive real estate investing and how to avoid them. In this episode, you will learn about the factors to consider when choosing the right sponsor to work with, the things that mean you should say ‘no’ to a deal, and how certain decisions can increase your risk of failure. KEY TAKEAWAYS1. If you just ask, people might say yes.2. When you invest with someone else, you’re adding a new failure point into the equation.3. Consider your potential sponsor’s track record, team, and experience level.4. Before saying yes to a deal, make sure that it meets your goals and needs.5. Understand if the sponsor’s business plan makes sense. LINKShttps://www.linkedin.com/in/praxiscapitalhttps://store.biggerpockets.com/products/the-hands-off-investor
Released:
Apr 5, 2021
Format:
Podcast episode

Titles in the series (100)

What does it take to succeed when others fail? We explore the stories on Investing that you don’t often hear: The trials and challenges that lead to success and the Mindset it takes to make it. We’ll learn from some of the best investors and entrepreneurs, learning through fire-walking their experiences so we can each setup up our game and be our best self. We focus 80% on the motivation & mindset that leads to success, and 20% on the investing strategies & tactics that get us there. About The Host: Steven Pesavento Real Estate Investors & Entrepreneur has always been obsessed with understanding how we can think better, how we can be better and how we can do better. He fought against those limiting beliefs, that held him back and jumped in to Real Estate with no experience. By modeling the mindset & actions of leaders he looked up to, his Real Estate investing his business exploded, buying 150 houses in his first two years, over $22 Million in real estate transactions. Personal development for real estate investors. Model the top real estate investors, house flippers, multifamily syndicators, wholesalers and landlords. We invite guests from all industries to share their mindset with our incredible community. Join the insider club at: https://TheInvestorMindset.com IG @Investormindset https://Facebook.com/theinvestormindset