Summary
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 TAKEAWAYS
1. 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.
BOOKS
The Passive Investing Playbook – http://investormindset.com/passive
LINKS
The Hands-Off Investor Book: https://store.biggerpockets.com/products/the-hands-off-investor
Brian Burke on LinkedIn: https://www.linkedin.com/in/praxiscapital
Learn more about investing with Steven at http://investormindset.com/invest
