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://theinvestormindset.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://theinvestormindset.com/invest

Join the MultiFamilyMBA and get exclusive free training: http://theinvestormindset.com/mfmba

FEATURED EPISODES

Learn from the smartest minds in business & investing.

Rod-Khleif

Rod Khleif

Director at The Lifetime CashFlow Academy, Best Selling Author & High Performance Coach
Kathy Fettke

Kathy Fettke

Co-CEO of Real Wealth Network, Host of the Real Wealth Show & author of Retire Rich with Rentals
chris-voss

Chris Voss

World's #1 Negotiation Coach, Bestselling Author "Never Split The Difference"
Brandon-Turner

Brandon Turner

Cohost of BiggerPockets Podcast, Author and Managing Member of Open Door Capital LLC
david-allen

David Allen

Leading authority in organizational and personal productivity, Author of Getting Things Done
Joe-Fairless

Joe Fairless

Host of Best Real Estate Investing Advice Ever show, Co-Founder of Ashcroft Capital

About The Show

What separates those who succeed from failures? Join thousands of listeners who learn the mindset of real estate investing and how to create multiple income streams. From busy professionals interested in passive investing or the real estate entrepreneurs who are primed to scale all come together to learn the mindset of creating financial and time freedom.

The Investor Mindset is a mix of interviews, and solo shows from Steven you’re not going to want to miss. Hit subscribe, and get ready to change your life.

YOUR HOST:

Steven Pesavento

The Investor Mindset Podcast & President VonFinch Capital

Steven Pesavento has always been obsessed with understanding how we can think better, how we can be better and how we can do better. He is an active real estate investor who curates Commercial Real Estate Investments for clients.

The Top 5 Lessons Learned From High Performing Real Estate Investors

I’ve interviewed almost 100 guests on The Investor Mindset Podcast. They all give their best advice. But what’s THE best advice, and what does it mean for us?