
Dirty Deeds How to be Successful in Real Estate in 2025
Oct 19, 2025
Chris Burns, a seasoned real estate investor, dives into the tumultuous world of distressed property deals and tenant rights. He shares his eclectic journey from DJing in Mumbai to mastering DC's Tenant Opportunity to Purchase Act (TOPA). Topics include navigating complex deals, the importance of being detail-oriented, and knowing when to walk away. Burns highlights how understanding tenant rights leads to hidden opportunities and stresses the value of empathy in negotiations. His passion for obsessive learning emerges as the key to thriving in this competitive landscape.
AI Snips
Chapters
Transcript
Episode notes
Tenant Rights Change Deal Dynamics
- TOPA gives tenants a statutory right of first refusal that can materially change deal dynamics.
- Chris Burns used deep knowledge of TOPA to create arbitrage opportunities around tenant rights.
60‑Unit Off‑Market Deal Went Bad
- Chris described a 60-unit off-market deal filled with fraud and tenant organizing after an offer of sale went public.
- He got cut out and the landlord sold to his attorney, so he made no money on that transaction.
Legal Ambiguity Creates Opportunity
- TOPA evolved through case law and ad hoc city answers, creating ambiguous enforcement and room for creative strategies.
- Knowing the law better than others yields leverage in disputed transactions.
