Brian Burke on Using the R-E-D-I Formula for Valuing Income Real Estate
It’s Not About Cap Rate!
Brian’s talk is all about valuing income real estate, especially multi-family, but he also debunks myths about it, including conventional thinking on cap rate.
We bet you’ll be surprised by Brian’s R-E-D-I formula for valuing income property, and we hope that it reinforces the idea that sometimes deals are right in front of us if we just know what to look for.
Brian Burke is President / CEO of Praxis Capital Inc, a vertically integrated real estate private equity investment firm. Praxis operates on multiple platforms, currently managing active syndications for the acquisition of single family, multifamily and opportunistic residential assets in US growth markets.
Over the course of a real estate investment career that began in 1989, the offerings Brian manages have acquired over 700 properties, including over 3,000 multifamily units, with the assistance of proprietary software that he wrote himself. Acquired asset classes include single family homes, self storage, mixed-use and large apartment complexes in multiple states. Brian has arranged well over $500 million in debt and equity for Praxis acquisitions. Praxis’ current portfolio exceeds $250 million of real estate assets under management.
As a recognized expert Brian has been a frequent speaker at real estate forums and conferences; including the Opal Family Office & Private Wealth Management Forum, the Keiretsu Real Estate Forum and the Institute for Private Investors. He has also served as co-host and real estate expert on the Fox News Radio show, The Best of Investing.