Lessons learned from investing over $250M in capital w/ Tom Burns, Co-Founder of Presario Ventures

Grow Your Cashflow Podcast

Welcome to The Legacy Wealth Podcast where we help accredited business owners become educated & get access to, private investments that the wealthiest investors in the world utilize to grow their net worth. We do this by providing insight & access to successful fund managers & investors across multiple asset classes.

I’m your host, Pascal Wagner, and today we are interviewing Tom Burns, Co-Founder of Presario Ventures, and we'll diving into:
- The process of finding deals and the value of analyzing the math behind them
- Learning and profitability are the motivations behind investing in various asset classes
- And the significance of learning about an investment opportunity and leveraging one's network

Links from this episode:
- If you're looking for highly vetted opportunities to invest in, get access to our deal database of alternative investments & join our investor club at www.getfundbase.com.
- Watch the show on YouTube here: https://youtu.be/AUFmriOwmkY

About Tom Burns:
He’s 53, lives in Austin, Texas and is married with 2 young daughters.

He’s a principal at a private equity real estate firm in Austin, TX, a physician for the US Ski Team, and author of the best-selling book, Why Doctors Don’t Get Rich. He has developed or acquired real estate locally and internationally for over 25 years.

He began investing in private investments in 2016 and had invested over $2.7m in over 25 deals. Private placements make up over 30% of his investments with his favorites including Multi-Family, Oil & Gas, Self Storage, Entertainment & Wedding Venues and ATMs.

Links from our Guest:
- https://www.linkedin.com/in/tom-burns-9744304/
- https://richdoctor.com/
- https://presarioventures.com/
- [e-mail]
- https://www.linkedin.com/company/presarioventures
- https://www.instagram.com/presarioventures/?hl=en
- https://www.facebook.com/presarioventures/
- https://twitter.com/presario_info

Time Stamps:
00:00 - Intro
01:05 - Tom Burns' Background
02:16 - Tom shares his background as an orthopedic surgeon and how he got connected to the ski team
05:00 - Tom expresses his desire for a fulfilling lifestyle rather than just financial success
06:00 - Tom discusses his transition to real estate investing
09:00 - Tom describes his growing portfolio and the increasing number of deals he was involved in
11:00 - The importance of creating his own streams of income
13:00 - Tom wanted to have more freedom to travel and explore the world
15:00 - Tom wanted enough passive income to cover his necessities and lifestyle
17:00 - Tom invested in his own deals and sometimes brought in friends and family as investors
18:17 - Excelling at your primary source of income and investing with experts in other fields
19:30 - Tom focused on cash flow in the beginning but later diversified into non-cash flowing assets like venture capital
20:40 - The importance of having a well-rounded investment portfolio
21:45 - Tom Burns shares advice for aspiring investors
22:09 - About getting addicted to quick wins and generating income even while sleeping or on vacation
23:15 - Tom Burns discusses his portfolio and projects with projected returns of 5x and a few potential 10x returns
24:30 - The amount Tom Burns invested as an LP is relatively insignificant compared to the amount he raised as a GP (approximately $250 million)
27:00 - Investing in various asset classes to gain experience and determine preferences and areas to avoid
30:43 - Tom Burns highlights the importance of investing with operators who have extensive experience in their respective fields
32:09 - Leveraging networks and resources from others is beneficial for success
34:16 - Be cautious of deals set up by inexperienced individuals who assume constant growth
35:35 - Effective communication with investors is crucial for trust and satisfaction
37:05 - Differentiate the risk and commitment levels for emerging and experienced managers
41:06 - Tom reflects on his past experiences with his portfolio during market fluctuations
43:01 - Tom shares examples of deals that went sideways, including a problematic office building
45:00 - Tom explains how they handled the situation by being transparent with investors and working to fix it
47:00 - Focus on providing good returns for investors and making money if they succeed
49:28 - Tom advises seeking input from friends, network connections, or third-party sources to evaluate sponsors
50:30 - Key lessons learned from 30+ years of investing
53:05 - Tom Burns talks about the impact of mindset and positive thinking in overcoming challenges
54:20 - Tom emphasizes the importance of having money available to act quickly in
changing market conditions
55:17 - Tom expresses his comfort with waiting and mentions investing in options that at least keep up with inflation
56:46 - Tom talks about the importance of considering interest rates when underwriting deal
01:00:20 - Outro