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.
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Listen to the Podcast Here:
In This Week’s Podcast We’ll Explore:
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
“If you don’t screw up – you don’t learn.”
“They won’t say yes if you don’t ask.”
“Sometimes failure is your biggest boost.”
“Whether it’s Harvard, Yale, or on the streets of real estate school – every lesson costs you money.”
“Sell yourself… the more track records your build, the easier you can raise capital.”
“If you want to change your situation, change your vocabulary.”
“A lot of this business is sounding like you’re smart – but you’ve gotta back it up.”
“If you don’t love your work – you’ll never make it to the next level.”
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
Brian 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.