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Ep 114: Lessons in Real Estate with Brian Burke


Today we speak with Brian Burke, a full-time real estate investor with over 30 years of experience to his name. Despite having completed more than $500,000,000 worth of transactions, Brian is adamant he is still learning about the industry every day. We open the show by taking a brief look at Brian’s history and real estate. After hearing about several of Brian’s early failures, he tells us about the secret to his success — tenacity. Stay tuned and you’ll hear some of his best tips when it comes to keeping business confidence, and why accumulating experience is a must-have asset. We then take a look at the current state of real estate. Brian touches on how the internet has kept cap rates competitive, and why otherwise undesirable properties have achieved premium value. In the latter half of the episode, we find out about the resources Brian uses to gather isometrics, as well as why he isn’t in the business of property management. To finish things off, we ask Brian to tell us about his business aspirations for the next few years. To hear them and a whole lot more, be sure to join us today!

Key Points From This Episode:

  • Introducing today’s guest, Brian Burke.

  • Brian gives us a short breakdown of his history in real estate investments.

  • How Brian operates his business, despite still learning on the job regularly.

  • Impacts that more readily available information has on the market.

  • Discover who drives change in commercial real estate.

  • Why real estate prices move cape rates and not the other way around.

  • How technology plays into the future and how it impacts the present.

  • The resources and databases Brian uses to find information.

  • Hear about the boxes Brian and his company tick before setting up shop in an area.

  • Find out the changes Brian went through when he switched from third-party management to an internal model.

  • Brian tells us about his first real estate horror story.


Tweetables:

“Part of what makes you successful in this business is just never giving up.” — Brian Burke [0:02:54]

“Last year I crossed the half-a-billion dollar mark of properties that I’ve bought, and let me tell you, I still don’t know everything. After 30 years I’m still learning.” — Brian Burke [0:04:30]

“Cap rate is a function of market sentiment and market sentiment is really a function of people’s confidence in the market, which comes from having information.” — Brian Burke [0:09:25]

“For any market, we go into, we like to achieve scale.” — Brian Burke [0:28:15]

Links Mentioned in Today’s Episode:

Brian Burke on LinkedIn

Brian Burke on Instagram

Praxis Capital

The Hands-Off Investor on Amazon

Blackstone

Axiometrics

CoveStar


Get in Touch

Interested in Investing With Us? Click Here

Connect with Chris - https://linktr.ee/chrisgrenzig

Toro Real Estate Partners - http://tororep.com/

The Real Estate Investing Experience - https://www.thereiexp.com/

The REI Experience YouTube - https://www.youtube.com/channel/UCjt6pmkA8ogACZ26oqhBM0g

The Real Estate Investing Experience Podcast - https://podcasts.apple.com/us/podcast/the-real-estate-investing-experience/id1481520260

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