And then on the sell side, we’ve actually sold since we recorded, we’ve sold two properties and we have a third listed and we’ve been finding real robust activity on the resale side. So it’s just been an active, an active bicycle. And, and now we are trying to get number three. So we bought our first two properties for that fund.
HANDS OFF INVESTOR FULL
So the fund is now full and we’re out buying assets for it. So we, we began that effort by launching a $50 million discretionary fund, which we, we fully committed that fund about a month and a half ago. And we’ve just been out there trying to find a smart investments to make. But outside of that boy cap rates have actually compressed, even further market activity has, has been just as robust as ever. So we certainly have seen that have an impact to, to our income. There’s a few that have decided that taking advantage of eviction, moratoriums is a great way to keep their money rather than spend it. We’ve learned that, yes, in fact, most people are paying their rent. We didn’t know if anybody was even going to pay their rent since that we’ve, we’ve learned a lot. We didn’t know if rent growth was going to come to a stand still. We didn’t know if cap rates were going to decompress.
So fingers crossed there, but how are things going in your world, anything new on, on the real estate side or just given, given the environment over the past 10 months?īrian (1m 43s): You know, since we last spoke, you know, we we’ve been actively in the markets, you know, when about the time we last recorded with you, we weren’t really buying much, you know, we were, we were out there in the market looking around, but due to all the unknowns that were related to the pandemic, we didn’t know exactly what the market was going to give us. I can comfortably say and you know, maybe I should be, you know, knocking on wood here that it looks like we’re slowly coming into a little bit of light at the end of the tunnel. Jesse (1m 20s): Yeah, it definitely feels that way. So it’s been an interesting year at that probably the longest year ever. So I thought it’d be great to have you back on and talk a little bit about the book and, and what you’ve been up to.īrian (1m 12s): I know it’s hard to believe it’s been almost a year, has passed and a year of COVID.
It’s a, it’s been almost a year, so time flies. So we were just talking before we came on here. Brian is also the author of the hands-off investor, an insider’s guide to investing in passive real estate syndications and is a frequent speaker at real estate investment forums and conferences across the country.īrian (58s): It’s going great. Brian has acquired over half a billion dollars worth of real estate over a 30 year career, including over 3000 multi-family units and more than 700 single family homes. He’s the president and CEO of Praxis capital Inc. Jesse (24s): All right, ladies and gentlemen, welcome to working capital the real estate podcast. Whether you’re looking at your first investment or raising your first fund, join me and let’s build that portfolio one square foot at a time. And on this show, we discuss all things real estate with investors and experts in a variety of industries that impact real estate.
HANDS OFF INVESTOR HOW TO
Author Brian Burke, a syndications insider with decades of experience in forming and managing syndication funds, will show you how to evaluate sponsors, opportunities, and offerings so you can pick the right sponsors and achieve the highest odds of a favorable outcome.Intro (0s): Welcome to the working capital real estate podcast. Syndications are like the stock mutual funds of the real estate world-multiple investors passively invest into a fund, while a manager is responsible for picking the real estate and managing the portfolio. Want to invest in real estate but don't have the time? No matter your level of experience, real estate syndications provide an avenue to invest in real estate without tenants, toilets, or trash-and this comprehensive guide will teach you how to invest in these opportunities the right way. By learning to select the right sponsors and properties, you'll find the best deals and mitigate risk during times of economic instability! Finding an experienced syndication sponsor matters now more than ever.
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