EP 122: From Scalpels to Sky Skyscrapers: How Dr. Tom Burns Grew to $1 Billion in RE Transaction
Market cycles play a crucial role in the success of real estate investors. In the latest episode of the Real Estate Investor MBA podcast hosted by Tejas Gosai, guest Dr. Tom Burns shares his expertise on navigating market cycles and challenges.
Dr. Tom brings a unique perspective to the conversation, having transitioned from medicine to real estate. He shares his experiences and insights gained from successfully navigating challenges such as the 2008 financial crisis and the ongoing COVID-19 pandemic.
One of the key topics discussed is the current market undersupply. Dr. Tom dives into the reasons behind this supply shortage and explains why it's important for investors to understand this dynamic.
Additionally, Dr. Tom shares his criteria for property acquisition, highlighting the key factors he considers before making a purchase. His insights in this area will be invaluable to both new and experienced investors looking to make smart investment decisions.
Throughout the conversation, Dr. Tom emphasizes the importance of education and networking for new investors. He shares the resources and strategies he used to expand his knowledge and build a network of like-minded professionals.
Don't miss this insightful episode filled with valuable information and practical strategies for navigating market cycles and challenges. Listen now, share with fellow investors, and make sure to subscribe to the Real Estate Investor MBA podcast for more valuable insights on real estate investment.
💥 Remember, this is your MBA. Have a notepad handy, and get ready to take some 📝 notes!
Key Points from This Episode:
Dr. Tom's journey from a career in sports medicine and orthopedic surgery to becoming a successful real estate investor
Real estate cycles and challenges in the real estate market
Initial foray into real estate in the late 1980s and learning from mistakes and successes
Transition from investing in smaller properties to taking on larger projects
Shift towards the development side of the multifamily real estate market
Regulatory aspects of raising capital from investors
Navigating through the uncertainties in the market during the COVID-19 pandemic
Transition from development to acquisitions
Significant undersupply in the real estate market
Criteria for acquisitions and strategic approach to selecting properties
Tweetables:
“Some of these people who started investing in 2010 have realized that real estate doesn't always go up. Real estate is a cycle. Life is cycles. Real estate cycles might be decades or years long.” - Dr. Tom Burns
“He who lives by the crystal ball will eat shattered glass; my crystal ball remains cloudy.” - Dr. Tom Burns
Resources
Get In The Game: How To Create Rapid Financial Results And Lasting Cultural Change - https://www.amazon.com/Get-Game-Financial-Results-Cultural/dp/1642251305
Verify Investor - https://www.verifyinvestor.com/
Connect with Dr. Tom Burns
👉Email - hello@richdoctor.com
👉 LinkedIn - https://www.linkedin.com/in/tom-burns-9744304/
👉 Rich Doctor - https://richdoctor.com/about/
👉 Presario Ventures - https://presarioventures.com/tom-burns/
👉 Why Doctors Don't Get Rich: How YOU Can Create Freedom with Passive Income Investing - https://www.amazon.com/Why-Doctors-Dont-Get-Rich-ebook/dp/B08KWSCX9Z
About Dr. Tom Burns
Tom Burns is an entrepreneur, retired orthopedic surgeon, and a physician for the United States Ski Team.
In 2009, Tom co-founded RNB Capital Partners, a multifamily acquisition and development company. In 2017, he co-founded Presario Ventures, a private equity real estate-oriented company, formed to provide investors with institutional-class investments providing cash flow and capital appreciation. With $650 million in transactions, Presario Ventures oversees projects in Texas and the Sunbelt.
While managing a successful career as a physician, Tom executed over $750 million of real estate transactions domestically and internationally. He is the best-selling author of the book, Why Doctors Don’t Get Rich, a personal finance book for those seeking to live life to the fullest.
Though retired from medicine, he still volunteers his time caring for the United States Ski Team. He is a sought-after speaker, mentor, and educator who enjoys traveling the world and all it has to offer.
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The education we provide is sponsored by Lehigh Valley Fund. The fund earns returns through real estate investing and pays inventors an average 10% return with a 12 - 18% target*
Click here to book Fund Manager Tejas Gosai.
Contact Jerna Bentilanon to schedule a visit to our offices or a tour of one of our properties: j.b@lvpefund.com, 610-230-7777
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