Summary

Find a sponsor, assess the deal, then invest money. Becoming a passive investor seems like an easy feat, but trust us, there is much more to it than that. Find out more about our investing opportunities here www.vonfinch.com/invest

In this week’s episode, we have Brian Burke to walk us through the intricacies of becoming an effective hands-off investor. Brian is the president and CEO of Praxis Capital, a vertically integrated real estate private equity investment firm that helps its clients build wealth through quality investments. With over 30 years in the industry, Brian has acquired over half a billion dollars’ worth of real estate with a wide variety of asset classes, making him one of the most influential people in real estate in the country.

Today, Brian devotes his time to helping others become passive investors themselves and achieve financial prosperity that way. In fact, he has written the book The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications for this exact purpose. But luckily for us, we don’t have to read the book (yet!) as Brian shares his most important strategies in becoming a real estate investor in this exclusive interview.

Listen as Brian talks about the process of assessing a real estate sponsor before investing your money, the most critical things that go into the due diligence process, and the mistakes you want to avoid before and after shifting into passive mode. So, whether you are just about to go into passive investing or an active investor looking to switch to passive, this episode will give you a few valuable pointers on where and how to start.

 
 

KEY TAKEAWAYS

1. The answer is ‘no’ if you don’t ask.

2. When you invest with someone else, you add a new failure point to the equation.

3. Before you go into a deal, teach yourself deal analysis first.

4. Even when you are a passive investor, you have to keep an eye of what’s going on.

5. If rent gets only bigger and bigger in accounts receivable, it could be a sign of a sponsor hiding bad debt.

6. In real estate investing, eliminate a single point of failure—diversify. 

 
 

BOOKS

The Passive Investing Playbook – http://theinvestormindset.com/passive


LINKS

Brian Burke on LinkedIn: https://www.linkedin.com/in/praxiscapital

Praxis Capital Official Website: https://praxcap.com/our-team/

The Hands-Off Investor Book in Amazon: https://www.amazon.com/Hands-Off-Investor-Insiders-Investing-Syndications/dp/1947200275

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.

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