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This often requires several hours of research per week.
Hands-on, active management requires investors to continuously keep up-to-date on the positions that they hold. Explaining ‘Hands-Off Investor’Ī hands-off investment strategy is well-suited to many retail investors who may not have the time needed to routinely monitor and research their investments. Many hands-off investors use index funds or target date funds which make only small and slow changes to their holdings, and therefore do not require much monitoring. Greater skills and knowledge on the part of passive investors-just like you, just like us-can only lead to a stronger industry, stronger economy, and better outcomes for all involved.An investor who prefers to set an investment portfolio and make only minor changes for a long period of time.
Bad sponsors give the entire industry a bad name." In working on Syndirater, we join Burke in this effort. In his conclusion, Burke writes: "One of the reasons I wrote this book is to arm you with knowledge so that you don't invest carelessly, endangering yourself and others around you. His findings squared pretty well with everything we've experienced. Of course, we'd like to think you've gotten a good dose of that here at Syndirater-and we keep updating you with free content on this blog-but Burke's book is well-worth the investment in time and money to go deep on what to expect.
#Hands off investor pro
You can never decide on a deal based on a pro forma set of projections alone, but it surely makes sense for you to do your homework to decide whether those projections are realistic or just a pie-in-the-sky hope that's intended to get you to part with your investment dollars.īurke's book also does a nice job on something else we focus on here: the exact steps you go through to make your syndication investment and then what to expect once you've wired in your hard-earned cash.
#Hands off investor how to
For instance, Burke unveils for you how to cross-check various assumptions that the syndicator has made in their pro formas that might affect whether or not you want to do the deal. Burke gives away many of the secrets that some syndicators prefer to keep from you, unearthing the kinds of questions you might ask to get at these hidden aspects of a proposed deal. In particular, Burke spends a lot of time focusing on something we harp on at this site: selecting the right sponsor (or syndicator) for your deal.
#Hands off investor plus
The biggest plus about Burke's book is that he gives insider tips to the passive investor from the perspective of the syndicator. Though he prefers to reposition existing multifamily properties, he has also subdivided land, built homes, and constructed self-storage."
#Hands off investor software
Brian has acquired over half a billion dollars’ worth of real estate over a 30-year career, including thousands of multifamily units and more than 700 single-family homes, with the assistance of proprietary software that he wrote himself. As his About the Author bio tells us, Praxis is "a vertically integrated real estate private equity investment firm. As CEO of Praxis Capital, Burke has been involved in the real estate syndication industry for a long time. Where Brian Burke's The Hands-Off Investor shines is that it is concise, to-the-point, and just about real estate syndication investing.īurke knows what he's talking about. Sean Cook's Investing in Real Estate Private Equity, which we reviewed here, is surely more comprehensive. Matthew Picheny's book, The Backstage Guide, which we reviewed here, might be more fun to read. Other candidates for that title might have an edge in different ways. This book might even be the winner for some readers as a combination of specific, practical, and actionable advice in a pretty tight package. If you were to ask, "What's the one recent book I should read about investing in real estate syndications to get the basics before I start?," the list of possibilities would definitely include Brian Burke's The Hands-Off Investor: An Insider's Guide to Investing in Passive Real Estate.
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