Know Your Why Podcast with Dr.Jason Balara Dr.Jason Balara

In this new episode, Jason sits down with Brian Burke, a seasoned multifamily real estate mogul and the President and CEO of Praxis Capital. Brian shares his transformative journey from house flipper to managing over 4,000 multifamily units and raising $300 million in investor capital.

The conversation explores how Brian has navigated various market cycles, particularly the severe downturn in the multifamily market, which he describes as more intense than the 2008 financial crisis.

Brian's expertise in protecting investor capital through turbulent times and his strategic decision-making process provide invaluable lessons for both seasoned and aspiring passive investors.



Key Takeaways:

1. Brian's Journey:

- The transition from house flipping to multifamily real estate around 20 years ago.

- Managing over 4,000 multifamily units, raising $300 million from thousands of investors without losing any investor capital.

2. Market Insights:

- Current multifamily market downturn is described as more severe than the 2008 financial crisis.

- Multifamily pricing has dropped by 30- 40% from its peak in early 2022.

3. Track Record and Investor Protection:

-The importance of a strong track record, especially through various market cycles.

-Brian's approach to protecting investor capital, including dipping into personal funds during challenging times to cover expenses and debt service.

4. Timing the Market:

-Brian's strategy for selling properties during market peaks and buying duringdownturns.

- Insights into market indicators and gut feelings that led to timely exits and entries in the real estate market.

5. Debt Structure and Risk Management:

- The critical role of debt structure in real estate investments.

- Avoiding high leverage and short-term bridge debt during uncertain marketconditions to mitigate risk.

6. Advice for Passive Investors:

- Importance of vetting syndication sponsors' track records and market experience.


Get in touch with Brian:

www.praxcap.com

IG: @investorbrianburke


If you want to know more about Dr. Jason Balara and the Know your Why Podcast:
https://linktr.ee/jasonbalara

Audio Track:

Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/

Artist: http://audionautix.com/

Welcome to another enlightening episode of our podcast, where we dive into the inspiring journey of Keith Blackborg from a Certified Public Accountant (CPA) to a real estate titan. Join us as Keith shares his story of building wealth, achieving happiness, and understanding the true riches of life.


Key Takeaways:

- Pursuing Financial Independence: Keith achieved financial independence by age 30, demonstrating that with the right strategies and decisions, it's possible to reach financial freedom early in life.

- Balancing Wealth and Personal Fulfillment: Success can come with a cost. Keith's professional achievements put a strain on his marriage, leading him to make tough choices about what truly matters in life.

- Investment Strategies for All Levels: Whether you're starting with a modest sum or scaling up, Keith discusses how investment strategies must evolve with your wealth, highlighting the importance of a good support team.

- Navigating Oil and Gas Investments: Keith cautions about the potential pitfalls of oil and gas investments and the importance of prioritizing return on investment and capital safety over tax benefits.



Get Started in THE Business of Wealth and find your guide here:


https://pages.financialjourney.life/weath-as-the-business


Connect with Keith:

https://www.financialjourney.life/

https://www.facebook.com/keith.blackborg

https://www.linkedin.com/in/keithblackborg/

If you want to know more about Dr. Jason Balara and the Know your Why Podcast:
https://linktr.ee/jasonbalara

Audio Track:

Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/

Artist: http://audionautix.com/

Welcome to the "Know Your Why" Podcast, where we dive into the personal stories and strategies of those who have successfully navigated the path from traditional careers to extraordinary lives of entrepreneurship and philanthropy.

In this episode, we are joined by Dave Homyak, a former engineer who has redefined success by transitioning from the rigidity of the 9-to-5 to the freedom and impact of real estate investment and entrepreneurship.



Key Takeaways:



1. Strategies for Financial Independence:

- Dave replaced 100% of his engineering income in under two years by strategically investing in short-term rentals in the Smokies.

- Understanding your proximity to financial independence can empower you to make bold career and life decisions without fear.

2. The Power of Partnerships:

- A casual conversation led to the formation of a virtual assistant placement company, showcasing the unexpected opportunities that arise from networking and partnerships.

- Aligning with others who have complementary strengths can create new ventures and significantly enhance your success.

3. Impact Beyond Wealth:

- Dave emphasizes the importance of using wealth for philanthropy, like funding anti-trafficking operations, highlighting the fulfilling aspects of giving back.

- Success is not just measured by the balance sheet but also by the ability to make a meaningful impact on the world.

4. Challenging Personal Growth:

- Pushing physical and mental limits through activities like endurance races and climbing Mount Kilimanjaro leads to personal growth and fulfillment.

- Embracing challenges outside of one's comfort zone can have a transformative effect on all areas of life.

5. Leveraging Virtual Assistance:

- Virtual assistants can streamline your business operations, increasing productivity and freeing up time for creativity and family life.

- The virtual assistant placement company born from Dave's needs now helps other entrepreneurs maximize their time and simplify their lives.



Connect with Dave:

www.TheRockstarVAs.com

https://www.facebook.com/dave.homyak/ https://www.linkedin.com/in/david-homyak-9827a211/


If you want to know more about Dr. Jason Balara and the Know your Why Podcast:
https://linktr.ee/jasonbalara

Audio Track:

Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/

Artist: http://audionautix.com/

Welcome to a heart-touching and insightful episode where we're joined by Jennifer Evans, a seasoned veterinary professional and an inspiring "veterinary optimist."

In this deep dive into the ups and downs of veterinary careers, we discuss the passion that fuels the profession, the burnout that too often follows, and the hopeful path to industry renewal.



Key Takeaways:

- Passion Can Lead to Burnout: Jennifer shares her personal journey, starting in veterinary medicine at a young age and eventually experiencing burnout that led her to pivot to industry work. Her story is a testament to the passion that drives many in this field and the burnout that can ensue from its intense demands.

- Industry-Wide Rejuvenation Is Needed: We discuss the pervasive sense of discontent among veterinary professionals and explore the need for a cultural revolution in veterinary practice that values resilience, support, and solidarity.

- The Weight of Expectations: Delving into the daily grind of veterinary practice, we talk about the financial and emotional challenges faced by professionals, including the need for fair compensation and the necessity to adapt to the evolving world.

- Communication Is Crucial: Conflict and misunderstandings are part of any workplace, and veterinary clinics are no exception. We touch on the importance of understanding communication styles, empathetic interactions with pet owners, and managing conversations to avoid unnecessary stress.

- Mentorship and Training Are Key: Reflecting on the transformative power of positive influence, we discuss the role of mentorship and training in building a brighter future for veterinary medicine.

- Personal Optimism Drives Change: The episode wraps up with an emphasis on personal optimism and the power of understanding one's "why" in fostering a supportive and fulfilling workplace culture.

Get in touch with Jennifer:

https://www.linkedin.com/in/jennifer-evans-b635a052/ the_veterinary_optimist

https://open.spotify.com/show/23kL2DTKys3sZjEFBSaaHT


If you want to know more about Dr. Jason Balara and the Know your Why Podcast:
https://linktr.ee/jasonbalara

Audio Track:

Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/

Artist: http://audionautix.com/

In this episode, we sit down with Jon Jasniak, a visionary who has made a name for himself in the world of land investing. Jon walks us through his extraordinary path from learning about land investment through a podcast to owning a whole town.

His insightful strategies and practical advice will enlighten both new and seasoned investors about the potential of land investing and the power of a strong social media presence.



Key Takeaways:

1. Land Investing Success:

- Jon shares his initial steps in the land investment world and how his first deal in Hudspeth County sparked his career.

- The importance of market dynamics, and how Jon has adapted to the increasing competition within the land investing landscape.

2. Strategies for Subdividing Land:

- Learn about the considerations when selecting land for subdivision and how to target high-demand areas near growing cities.

- Discover the benefits of selling directly to end consumers and how it can be more profitable than dealing with developers.

3. The Unofficial Mayor of Cornudas:

- Jon reveals the surprising delights and challenges that come with owning a town, from the unique inheritance of the property to the potential of creating tourist attractions.

4. Entrepreneurial Spirit and Social Media Influence:

- An exploration of how a strong social media presence can boost your brand and engage your audience.

- Jon discusses his motivations and his "why" in business, emphasizing the significance of creating value and being known for one's expertise.

5. Cornudas’ Potential as a Tourist Attraction:

- Jon discusses his plans to leverage the inherited assets and location to turn Cornudas into a potential tourist hotspot, akin to the Prada installation in Texas.

6. Health and Happiness in Business:

- The balance between business goals and personal well-being, as well as the importance of staying healthy and happy while being busy with multiple ventures.



Connect with Jon Jasniak:


www.Jonjasniak.com/land

@jonjasniak

@land flipping arbitrage

@jon jasniak on linkedin

If you want to know more about Dr. Jason Balara and the Know your Why Podcast:
https://linktr.ee/jasonbalara

Audio Track:

Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/

Artist: http://audionautix.com/

Welcome to another episode of the Know Your Why Podcast, where we dive deep into the stories behind success and the strategic insights that fuel it.

In this episode, Dr. Jason Ballara is joined by Luis Melo, who has masterfully transformed his career from a server to a real estate powerhouse specializing in land flipping. Discover the secrets of the California land market and learn how to turn vacant lots into profitable investments.



Key Takeaways:

- Persistence and Adaptation:Luis's story is a testament to the importance of persistence and adapting to market changes. Starting with a successful direct mail campaign, he emphasizes the need for strategic outreach and consistent efforts in real estate.

- The Power of Subdividing: Luis explains the benefits of land subdividing and leaving development to the buyer for quick turnovers. This strategy enables investors to expedite profits without getting bogged down in lengthy development processes.

- Seller Financing Insights: Delve into the world of seller financing, where Luis reveals how it can create passive income streams and contribute to long-term financial stability.

- Educational Outreach:Luis discusses his transition from one-on-one coaching to developing an online course, aiming to equip more aspiring land flippers with the tools for success.

- Legacy Over Personal Goals: The episode highlights Luis's shift from personal achievements to building a legacy and the role of real estate in cultivating generational wealth.

- Team Synergy: Luis acknowledges the importance of building a strong team to complement individual strengths, allowing visionaries to thrive even if they aren't detail-oriented.



Connect with Luis Melo:

www.solidworkproperties.com

If you want to know more about Dr. Jason Balara and the Know your Why Podcast:
https://linktr.ee/jasonbalara

Audio Track:

Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/

Artist: http://audionautix.com/