In today’s show we talk with Brian Burke, a house flipper and real estate investor from Northern California with a fantastic story and fascinating business model.Two days ago, Brian wrote a wildly popular article on the BiggerPockets Blog titled, “Anatomy of the Grand Slam: How I Made $800,000 on One Flip” where he talked about flipping a large apartment complex using a combination of hard money and private capital he raised. In today’s Podcast, we’re going to look more in-depth at how Brian got started, the strategies he uses to flip over 100 houses per year, and how you can use the same techniques that he does to raise money for your next real estate deal.Last week, the BiggerPockets Podcast reached #6 on the Top Business Podcasts in all of iTunes. This is an enormous honor and we want to just take a minute to thank everyone who has taken time to listen on iTunes or leave a review. As of today, we are up to 49 Five Star Reviews. If you haven’t yet left us a review and want to help us out, please click here to leave a review in your iTunes player.Read the transcript for Episode 3 with Brian Burke here.In This Week’s Podcast We’ll Explore: How Brian started with no money, no experience, and without rich friends How losing money on early deals helped grow Brian’s business Investing in real estate when you look 15 years old. Why dealing with sellers is Brian’s least favorite strategy for real estate investing Brian, Brandon, and Josh’s differing opinions on using credit cards to finance real estate Why raising private capital is one of the most important jobs for an investor Three tips for raising private capital Why Richard Branson gets in a hot air balloon and sails around the world. How Brian funds dozens of real estate flips per month Using property managers to get you inside information The one piece of advice new investors can’t survive without. Using partners to invest in real estate Links from the Show Reg D Offering I.R.R. (Internal Rate of Return) The Anatomy of the Grand Slam Flip The BiggerPockets Radio Podcast 001 – Building a Successful House Flipping Business and Losing Millions with Marty Boardman BiggerPockets Facebook Page Tweetable Topics “If you don’t screw up – you don’t learn.”(Tweet This!) “They won’t say yes if you don’t ask.”(Tweet This!) “Sometimes failure is your biggest boost.”(Tweet This!) “Whether it’s Harvard, Yale, or on the streets of real estate school – every lesson costs you money.”(Tweet This!) “Sell yourself… the more track records your build, the easier you can raise capital.”(Tweet This!) “If you want to change your situation, change your vocabulary.”(Tweet This!) “A lot of this business is sounding like you’re smart – but you’ve gotta back it up.”(Tweet This!) “If you don’t love your work – you’ll never make it to the next level.”(Tweet This!) Books Mentioned in the Podcast Rich Dad Poor Dad Real Leaders Don’t Do PowerPoint David Lindahl Books Art of the Deal – Donald Trump Art of the Comeback – Donald Trump Think and Grow Rich – Napoleon Hill About BrianBrian Burke is co-founder and Managing Director of Praxis Capital, LLC, a real estate private equity investment firm created to provide high rates of return to his investors while tactically managing risk. He has been a real estate entrepreneur since 1989, and has purchased over 500 properties valued at over $150 million, primarily from foreclosure. Brian’s BiggerPockets Profile Brian’s Company Website: Praxcap.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Brian Burke, CEO of Praxis Capital, shares his insights on surviving market cycles in real estate investing, emphasizing the importance of risk evaluation, capital preservation, and long-term strategies. He discusses market trends, timing for buying, and strategic waiting for compelling opportunities in the multifamily sector. The podcast also covers real estate financing, community networking for passive investors, and key lessons in successful real estate investing.

Brian Burke, who predicted the downturn in apartment investing, discusses the challenges faced by investors in the multifamily market. He highlights the impact of rising interest rates, stalled rent growth, and oversupply on the industry. Burke offers insights on when to sell properties and shares a hopeful prediction for 2025. Topics include market trends, real estate investment strategies, and navigating syndication investments.

Syndication experts Brian Burke and Mauricio Rauld discuss the challenges of capital calls in multifamily syndications. They cover the risks of investing more money, obligations of investors, and key questions to ask before committing. The episode emphasizes the importance of clear communication, transparent strategies, and legal compliance to navigate capital calls successfully.

Expert multifamily investors Brian Burke and Matt Faircloth discuss the current state of the multifamily market. They explore the challenges of finding profitable deals, the potential drop in prices, and the opportunities for investors to buy at a discount. They also share strategies for entering the market, investing in cash flowing assets, and their plans for 2024.

Brian Burke, a savvy multifamily syndicator who foresaw market changes, discusses the unsettling realities of real estate syndications. Joining him is Scott Trench, CEO of BiggerPockets, who shares his own syndication struggles. They delve into why many investors are facing capital calls, the rise of inexperienced syndicators, and the staggering number of multifamily investors with short-term loans due. With multifamily properties in a precarious state, they also explore the most promising and risky regions for syndication investments.

Brian Burke, an expert in multifamily real estate growth and syndication, shares his insights on transforming real estate into a successful business. He emphasizes the importance of a strong mindset and building a credible track record before attracting investors. Burke discusses the challenges of managing multifamily properties and advocates for using professional third-party management. He also explores strategic scaling, partnerships, and lessons on market timing, while encouraging emotional detachment in investment decisions to foster growth.

Joining the discussion are Brian Burke, an NFL analytics expert, and Dean Oliver, a basketball metrics pioneer. They dive into the rising prominence of sports analytics, revealing how data shapes decision-making in football and basketball. Burke shares insights on the innovative Total QBR metric, while Oliver discusses the integration of analytics in broadcasts. The conversation also explores the Buffalo Bills' playoff performance and advocates for rethinking fourth down strategies. Future innovations in sports analytics hint at an exciting evolution ahead!

Multifamily real estate market facing challenges with high bid-ask spreads and declining prices. Brian sees a 'day of reckoning' with low-interest debt coming due, while Matt remains optimistic. They discuss navigating decreasing property values and offer advice for entering multifamily market. Also, they share company plans for 2024 and importance of managing downside risk.

Brian Burke, ESPN Sports Data Scientist, discusses the Football Power Index (FPI) and creating confusion against offensive lines. The podcast also delves into personnel's impact on team strategies, calculating uncertainty in football analytics, analyzing priors and game probabilities in sports models, and the importance of cognitive abilities for quarterbacks.