Myers Methods Presents Multifamily Missteps

My Reputation is Worth More than Money - Brian Burke

June 16, 2020 jerome myers
Myers Methods Presents Multifamily Missteps
My Reputation is Worth More than Money - Brian Burke
Chapters
Myers Methods Presents Multifamily Missteps
My Reputation is Worth More than Money - Brian Burke
Jun 16, 2020
jerome myers

Today I had the pleasure of speaking with the President / CEO of Praxis Capital Inc, Brian Burke. 

Let’s jump into Brian’s story of how reputation is worth more than money and what real estate investing is all about 


Things you will learn in this episode:

[00:01 - 04:03] Opening Segment

  • Brian talks about his background and his real estate journey 
    • Connect with Brian, see below for the links. 
    • How he started in multifamily 

[04:04 - 15:54] How Brian Handles Economic Challenge During The Recession

  • Brian discusses how he strategizes to gain access to capital in the midst of the recession
  • Brian recalls where the real estate began collapsing in the year 2005 
    • Lehman Brothers, Bear Stearns, and stocks markets collapsed 
    • People started losing jobs resulted from them to stopped paying rent, got evicted, or moved out 
  • Brian shares how he handles the issues during the economic challenge when the real estate business came crashing down

[15:55 - 21:30] My Reputation is Worth More Than Money 

  • Brian shares lessons you need to avoid when it comes to real estate investments
  • Brian  gives powerful words of wisdom in times of global pandemic
    • “Take the lesson that I’ve learned from the last economic challenge and apply them to this one”
    • “Use conservative leverage, use conservative assumptions when you're underwriting”
    • “Never worry about being too pessimistic” 


Tweetable Quotes: 

“Don't use so much leverage” -Brian Burke 

“Without reputation, you have nothing” -Brian Burke 


You can connect with Brian on LinkedIn, visit his company website https://praxcap.com/ or you can also reach him on  https://www.biggerpockets.com/forums 

LEAVE A REVIEW + help someone who wants to learn more from mistakes and missteps by sharing this episode or click here to listen to our previous episodes.

If you are interested in getting into multifamily or scaling your current business, hop over to our website myersmethod.com to grab your free four-step guide on how to get the ball rolling!

Support the show by following our Facebook Page (https://facebook.com/groups/157335752156211)

Support the show (https://www.facebook.com/groups/157335752156211/)

Show Notes

Today I had the pleasure of speaking with the President / CEO of Praxis Capital Inc, Brian Burke. 

Let’s jump into Brian’s story of how reputation is worth more than money and what real estate investing is all about 


Things you will learn in this episode:

[00:01 - 04:03] Opening Segment

  • Brian talks about his background and his real estate journey 
    • Connect with Brian, see below for the links. 
    • How he started in multifamily 

[04:04 - 15:54] How Brian Handles Economic Challenge During The Recession

  • Brian discusses how he strategizes to gain access to capital in the midst of the recession
  • Brian recalls where the real estate began collapsing in the year 2005 
    • Lehman Brothers, Bear Stearns, and stocks markets collapsed 
    • People started losing jobs resulted from them to stopped paying rent, got evicted, or moved out 
  • Brian shares how he handles the issues during the economic challenge when the real estate business came crashing down

[15:55 - 21:30] My Reputation is Worth More Than Money 

  • Brian shares lessons you need to avoid when it comes to real estate investments
  • Brian  gives powerful words of wisdom in times of global pandemic
    • “Take the lesson that I’ve learned from the last economic challenge and apply them to this one”
    • “Use conservative leverage, use conservative assumptions when you're underwriting”
    • “Never worry about being too pessimistic” 


Tweetable Quotes: 

“Don't use so much leverage” -Brian Burke 

“Without reputation, you have nothing” -Brian Burke 


You can connect with Brian on LinkedIn, visit his company website https://praxcap.com/ or you can also reach him on  https://www.biggerpockets.com/forums 

LEAVE A REVIEW + help someone who wants to learn more from mistakes and missteps by sharing this episode or click here to listen to our previous episodes.

If you are interested in getting into multifamily or scaling your current business, hop over to our website myersmethod.com to grab your free four-step guide on how to get the ball rolling!

Support the show by following our Facebook Page (https://facebook.com/groups/157335752156211)

Support the show (https://www.facebook.com/groups/157335752156211/)