JF3669: The Unsexy Reality of Building a Syndication Business from Scratch ft. Brian Burke
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 Learn more about your ad choices. Visit megaphone.fm/adchoices