Pinterest. David Greene: Oh, it’s beautiful out here. For that sake, those investors are looking for a realtor. Brandon Turner: All right. If it doesn’t make sense without this icing on the cake, we probably shouldn’t buy it, but having that icing on the cake, the icing’s really thick. So, we bought other single family home, lived there literally 12 months and a day, started looking for another one. Find local real estate meetups and events in your area. Taking my time listening to pod cast, reading forums, starting to network with others on bigger pockets. Brandon Turner: But what you did is you bought a fixer-upper, something that needed to be a total remodel. Brandon Turner: No, but I agree with it. Brandon first posted his first video on March 11, 2014. I don’t want to lose money every month, no matter what. Brandon Turner: That’s cool. And each project is carefully vetted and actively managed by Fundrise’s team of real estate pros. Are you growing? Connect with 1,000,000+ real estate investors! Brandon’s delightful wife Heather Turner and The Book on Managing Rental Properties by BiggerPockets. When we started in real estate in 2008, we had $900 in our checking account. Companies. Robert Jones: I can do voiceover Brian. Went out and bought another house. David Greene: Because you hear discipline creates freedom where we’ve all heard Jocko say that. That’d be great. I mean, obviously you don’t want to take a vacation, have to work the whole time, right? He is the Vice President of BiggerPockets, co-host of The BiggerPockets Podcast, and author of four books, including The Book on Rental Property Investing and How to Invest in Real Estate. You got to pay your broker and all the other stuff. Thanks! Again, we’re not CPAs but the gist is you’re not paying cap gains if you live in the house two of the last five years. Written by financial journalists and data scientists, get 60+ pages of newsworthy content, expert-driven advice, and data-backed research written in a clear way to help you navigate your tough investment decisions in an ever-changing financial climate! I mean, we’re just shy of $8 million market value. When we [crosstalk 00:48:43]some older investors that have invested in real estate and you ask them, “What advice do you have for me starting off?” Everyone I’ve ever talked to has said, “Location, location, location.” All this other stuff we talk about just goes right out the window from someone that’s done it for 50 years and they say, “Buy in the right area with the best schools. Were they all in Colorado? Robert Jones: But again, remotely, if we have internet and cell phone, I manage a lot of that. We got paid at closing to own a triplex on one of the most desirable streets in the entire city. Brandon Turner - active real estate investor, best-selling author, and co-host of the BiggerPockets Podcast - has one goal in mind: to help you find success and avoid the junk that pulls down so many wannabes. A lot of people struggle with this because they’re playing at kind of a small scale but once you get into some bigger numbers, more properties, more projects, systems become vitally important. Your why doesn’t even need to be real estate. Today, all those properties are worth over a billion dollars. Why do you want to invest because if you don’t have a passion or … I mean, everybody’s … “Yeah. It’s like everyone’s all sitting in my office here. That’s funny. Brandon Turner, Investor, Maui, HI - BiggerPockets Profile. I love it. I was doing all that. Brandon Turner YouTube Channel Analysis & Subscriber Growth Statistics. Brandon Turner: This is the BiggerPockets Podcast show 336. Her came in with a broken car and the rest is history, as I say. YouTube Analytical History for Brandon Turner. Get after it. They’re this little box that you step on that you can peek over the fence. He is the author of The Book on Rental Property Investing and the co-author of The Book on Managing Rental Properties. Podcast. Today, it’s probably worth 675. Brandon Turner: The whole cross-collateralization. Robert Jones: Probably grit. Brandon Turner is a entrepreneur from Washington, United States. Where was this all at? New Orleans Pelicans forward Brandon Ingram post-practice media availability from Pelicans practice on 1/10/2021. David, you’re an agent. It’s okay. Or find a why. Brandon Turner: Before we get to that, let’s get to today’s quick tip. These are the same four questions we ask every guest every week and we’re going to throw them at you right now. Brandon Turner: Oh! Brandon Turner: I’m the marketer because then we can sell it for $20 and make $5 a t-shirt. Learn more here at cozy.co, Subscribe: Apple Podcasts | Android | RSS, BiggerPockets Real Estate Podcast There’s a whole different ballgame here I’m not aware of.” And even to this day, as we’ve done reasonably well. So, having my team members and they way they’re trained, we can facilitate this. He had some actually job that made him really good money. BAD 1 - 2 POOR 2 - 3 FAIR 3 - 4 GOOD 4 - 5. Said, “Hey, smart people will buy a house.” So, bought my first house when I was 20 before I got in real estate. The key is essentialism. I’m going to go and lose money on a Beverly Hill mansion.” That’s probably a terrible idea but …. Facebook. Brandon Turner: We can [crosstalk 01:13:16]. It’s stuck on my truck. They don’t want to ask their family for money but this was our first opportunity to dig into that. Brandon Turner: And if people are wondering what that means about the capital gains thing, I’ll explain that real quick. I jokingly say that someone had to punch me in the face, get the light bulb to turn on. It just wasn’t the immediate recent two. For all the reasons we just discussed, I believe I’ve made the right decision. Dec 26, 2020. Well, the internet has changed that and BiggerPockets in particular has changed that even more. It should be someone that’s eats, sleeping, and breathing what you do. David Greene: I have a couple questions I can ask, if that’s all right. As the author of several real estate investing books and as a podcast host, he’s created reliable content for years that real estate investors turn to on the website Bigger Pockets. Now, I just want to jump right in the show. The granite and stainless makes me feel warm and fuzzy. I’m not on a lot of platforms but my website is easy. Any big problems, we got an email. If you’re not taking advantage of it, you’re an idiot and you really shouldn’t be investing because it’s free. I don’t care if you’re underpaying for it, overpaying for it, whatever. If you would have bought only $35,000 properties and the market went up 50%, you’ve just gained $15,000 on each of those properties, but you have a $200,000 property and it goes up 50%, you’ve now gained $100,000 in equity. Robert Jones: Sure. Basically, I’ve got our guest live in the studio with us. So, what did that look like? Brandon Turner: Yup. That house cash flowed an entire $30 per month. So, we talked about people that just keep hearing, “No.” We don’t like the answer no. Robert Jones: But anyway, back to the deal deep dive. Brandon Turner: Was that a coconut just fell? You got to go get that, Ryan. The famous four. During this time, the mouths of the characters were not animated. Brandon Turner: So, let’s shift a little bit. And then, also, why you may not want to become a real estate agent. Robert Jones: So, I think it’s a combination of quality of life, desirability. Robert Jones: As we moved forward, as Brendon mentioned, through sweat equity, time in the market, appreciation and just improving the properties, our equity position started growing pretty significantly. Robert Jones: That’s what got just the candle lit of, “Hey!” And, for me, I didn’t have … My parents are amazing. The numbers are definitely skinnier and significantly compared to some of the guys I hear in your podcast. We’ve got a lot of young guys that are … I’ve got a buddy that owns 11 doors, another one with six, another one with eight. So, initially, we decided, “Hey, we can move once every year,” which I’m not giving advice related to owner-occupied lending laws and all that. Robert Jones: We were entering the journey now where we did a couple more owner-occupieds. We’ll dig into this one a little bit more later but we did have a unique spot where we did an owner finance deal. Brandon Turner: But David is still in California. Subscribe today and get the Oct/Nov issue delivered to your door! Brandon Turner: Now, if you’ve already bought the house, that was really hard to buy the house when you’re getting started. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investo... Real strategies that work for real people seeking to build wealth through real estate investments. I mean, the week we’re recording, I have two closings on Friday where we’re going to make $21,000 while sitting in Hawaii. David Greene: Yeah. Robert Jones: So, we got to figure out what the next step is. Brandon and David have compiled a list of 4 traits that all millionaires possess, and if you can possess these traits too, you’ll be on your path to millions. What’s up, buddy? Joining the podcast today is Greg That makes sense. My wife says I should tattoo it on my forehead. Location, location, location! I also think I should point out that you sound a lot like I think Brian the Dog from Family Guy. Brandon Turner, 30 Orlando, FL. How about you? For those who want to buy a house in Colorado, sell a house or just simply learn more about their fascinating brain, how can they find out more about you? I’m just curious of where that was at and you can explain what that was. I thought, “Well, man. Like I said, we were stoked about $30 a month cash flow. That’s hard. Robert Jones: “Call her and ask her if she’ll help with the loan.” So, we called the seller. You get money. You can now compare any YouTube channel's statistics and find out which channel is performing better. We flew into Trinidad just off Venezuela and sailed all the way through the Caribbean, BVIs, US VIs, Spanish, Culebra, all that and ended in San Juan. Robert Jones: There was no rules telling us we had to stay for an owner-occupied loan. Compare any YouTube Channel’s Statistics with Brandon Turner. Skip to content Search. Like, “Hey, this is sweet. David Greene: I pulled it up and I was going down. How do you prioritize things in your life when everything seems so important? We really appreciate it! Brandon Turner: All right. What are your goals? Yeah. Then, show that you have funds down for the current purchase and the current acquisition. Using a phrase of random words (like: paper Dog team blue) is secure and easy to remember. You’re great at making deals. Flash CS6. He is a nationally recognized leader in the real estate education space and has taught millions of people how to find, finance, and manage real estate investments. What a great episode!! You’re exactly right. Brandon Turner: All right. Completely relatable and just another one to show how anybody can get started and have success. The first cycle we turned it over, we doubled the rents but our fixed payment to her was 1,700 a month, so she was making more money with no maintenance liability, so she was thrilled with the deal. Robert Jones: Once we moved in, we did some immediate renovations, just personally. It’s easy. Let me get this right. Used to do this Youtube thing awhile back, trying to get back into it. Robert Jones: “If it doesn’t handle the topic, give me a holler. We started packing boxes. You can have a depth of knowledge starting. Here’s a formula.” Now, we can practice within that formula and so we’re good.” Then, you’re like, okay. David Greene: Now, you could try to be braver just by willing yourself to do it but that’s not going to work for most people. Robert Jones: Yeah. David Greene: We can get a low down payment and we can rent out part of the house. Robert Jones: So, we found at the time the most affordable single family home in the city. They had a warranty. That’s cool. Are you stepping outside your comfort zone? We don’t have partners outside of our marriage. As my investment in yours … I can see yours is kind of the same way, it starts shifting, you can start playing a little more appreciation. This year, I bought $200,000 of properties next year and 400,000 the year after, then 800.” There’s a lot of ways you could look at it. Let’s see. Brandon Turner: Aloha. Going though, I’d sold another property for her. So, what do you usually tell people when they say, “Should I rent it or sell?”. Brandon Turner: But there is something to say. Brandon Turner: All right. I don’t want to do this anymore because it didn’t work out.” Even though it didn’t didn’t work out. Login . Then, I had another one. ), http://traffic.libsyn.com/bpradio/bpp-336.mp3, BiggerPockets Podcast 431: How to Make Trade-offs in Your Life (Before Others Do it For You) with Greg McKeown, BiggerPockets Podcast 430: Best of 2020: Brandon and David’s Favorite Pieces of Advice from 2020 Guests, BiggerPockets Podcast 429: Pursuing Self-Sovereignty and Why Life is More Meaningful When It’s Hard with Ryan Michler, BiggerPockets Podcast 428: Using Simple Conversations to Get Deals Others Can’t with Investor Rodney Ross, “We want the number to make sense without appreciation in the spreadsheet.” (, “Cash flow gives you freedom but appreciation gives you wealth.” (. How much do you regret buying that, idiot?” We got a lot of that. So, I would personally, this is again where I’m at in my … Earlier on, I want a cash flow above everything because I needed to get out of my job. This is Me - Control Profile. He actually is a real estate agent but he explains why you may and why you may not. Growing up, I was always buying and selling stuff. We were just out of control. We didn’t know what we didn’t know. Log in / Sign up Forums. Jan 02, 2021. Brandon Turner: Yeah. Robert Jones: I agree, David. It’s not an owner-occupied loan.” So, literally, we are packing boxes to move into the house and realized, we don’t need to move into the triplex. Brandon Turner: I don’t think we’ve talked about … I don’t know if anyone’s ever used that word bravery before here on the show for that, answer that question. Dec 23, 2020, Rodney Ross didn’t have the most gracious entrance to the real estate space. I mean, it boils down to … Or I’ve heard it defined as do you have a big enough why? There’s some irony in here as well. You’re going to be blown away by this deal deep dive on how good of a deal it was but how not good of a deal was when he first bought it. I don’t actually have my questions on front of you because I don’t have my computer in front of me today so I’m going to hopefully not screw this up. University of Arkansas. I made, I think it was $85,000 in profit. It takes just 30 seconds and instructions can be found here. Now, there is no excuse for why you’re not investing in real estate or growing your wealth through real estate because the information is out there and the knowledge is available. "He's just been a steady rock. David Greene: You literally answered every single question. Brandon Turner: There you go. Robert Jones: No. Straka inspired hundreds of thousands of other Americans who felt the Democrats had moved too far left and also walked away from the party. There was some gold nuggets there that were just exceptional. For a long time real estate investing was a niche thing that only a few people could get into because they have the knowledge that you didn’t have. Do you regret that [crosstalk 01:02:39]? Start analyzing real estate properties, we do the math for you. Brandon Turner: The reason that’s so powerful is because it forces you continually outside of your comfort zone to scale exponentially versus what’s comfortable is, “I’m going to buy a house and then another house and another house.” It might take you 20, 30 years to get enough property to be able to make anything of it but when you scale exponentially, it constantly pushes you outside of that comfort zone. I knew nothing about investing really at all. All right. Out of pocket, we spent $32,000 fixing the problem, which is a newer investor, that’s a problem. Yeah. I’m scared. The key is growth. This is the BiggerPockets Podcast show 338. It’s neat. Walk us through that again because that’s really, really good stuff and it’s really deep. They’re all words that are describing the thing that’s going to push you through whatever your fears, your excuses or your concerns really are. Who's that blue girl? Brandon Turner (Yes, THE Brandon Turner) from Bigger Pockets joins the podcast to chat with AJ about his real estate projects. What is motivating you? Within a day and a half, I had three people that were willing to lend me $90,000 in second position against prior properties in our portfolio. So, it was before it got a little more time-intensive at least but it happened. Then, a whole year later, you go from a house to a duplex. He got invited to some special mass client thing. For the rentals, my mother Stacy was a saint. New Orleans Pelicans forward Brandon Ingram uses his length and finishes at the rim. Robert Jones: For Mindset is very good. David Greene: All right. That one made more sense to the underwriter because it’s a single family home. We’re going to have to cut this thing open later. She was only getting, combined, about 1,500 a month in rents. You did not buy an investment. If you spend any time with that individual, by the end of lunch, I figured, “Hey, I should sell real estate for a living.”. Robert Jones: Hobbies? Robert Jones: Yeah. Dan Makes A Call - Game Grumps Animated - by Brandon Turner Brandon Turner: Car business, like selling cars? Maybe we should be two this year. Webinars. On the real estate side of things, it’s a function of two things. Using a phrase of random words (like: By signing up, you indicate that you agree to the, BiggerPockets Podcast 280: The Key to Making Great Deals (Hint: Overlooked Properties!) He bought a house while in college, with only $8,000 down and not a lot in the bank. Number one, Robert? That’s why we always talk about it. Every single property we own except one is in Fort Collins. If your why’s big enough, I think you’ll find out how. Be brave. Then, we added a couple months where we did three. I’ll throw some big word here. Brandon Turner: And something [crosstalk 00:23:53]. This is the part of the show where we dive deep into one of your particular deals, so you got a deal in mind? I mean, one thing cool about an expensive market is that you were able to … I mean not expensive and, again, not New York, San Francisco necessarily but the higher tier. BiggerPockets Real Estate Podcast BiggerPockets Money Podcast BiggerPockets Business Podcast Real Estate Rookie Podcast Daily Podcast (Audio Blog) Now Facebook has purged his page. And that, wow. I know investors listening will cringe when I say that I’ve bought five or six new construction homes, brand new from the builder to turn into rentals. It is. The she shed by the sea shed. Look at this thing. Our average single family price point’s about 425 right now. We considered Belize, Nicaragua, Dominican Republic. Brandon Turner: Okay. David Greene: So, thank you, Brendon, for asking that because I think a lot of people think, “Well, I want to get my license to save money on commissions when I have to sell a house.” You’re assuming that you know how to sell a house, that you’ll actually do it better than someone who’s good at it and that you’re not taking effect all the fees you’re going to be paying to hold that license for the entire time. It’s on not the most expensive street in the city of Fort Collins. In the service side. Brandon Turner is an active real estate investor, entrepreneur, writer, and co-host of the BiggerPockets Podcast. PasswordUse at least 8 characters. I’ve really loved you as a guest. Robert Jones: … through a national builder and we knew when they had to get units out the door and got two for $75,000 off, two days before the end of their fiscal year and they had to post numbers so having that extra depth of knowledge but still, they were brand new homes. Yeah. David Greene: You know what’s crazy about this? Brandon Turner: You were that close to not qualifying. I think a coconut falls off a tree, bounces down. She said, “Well, how much money do you have down?” I said, “Well, that’s the thing. I think you guys are going to love it. Game over right? It wouldn’t exceed whatever their threshold was for comfort of total leverage against the property. Instead of having to do this over 10 deals, you did it over one deal. There’s so many resources now that if they were around when I started, I’m an idiot. Talked to another lender, no. We just need a few details to get you set up and ready to go! History. Brandon Turner and David Greene! Robert Jones: So, you don’t need to go into it blindly anymore and just trip through it. I mean, you don’t want to blow 10 Gs on a $30,000 house. [crosstalk 00:54:04]. I think you are going to love this episode. It’s on my scooter, my bicycles. His birth flower is Larkspur and birthstone is Ruby. Other issues that came up, anybody can call a plumber, anybody can call a handyman. Funny seeing Brandon texting during the interview while Robert was talking. Even through all that, we still did nine moves in eight years, which it was moving a lot, which I enjoy. So, we’re working there. Robert Jones: It’s a seven. So, you did what a lot of people do. We were stoked because we got into a cool property on one of the most desirable streets in Fort Collins. This is the BiggerPockets Podcast show 339. Brandon Turner: Now, the same thing works the opposite way. Man, that’s pretty cool.”, Robert Jones: So, we set a goal like, “Hey, it’d be pretty awesome to live on a boat someday.” Before we really cemented that goal, we thought we should take it for a test drive. It is a triplex, a conforming legal triplex. So, the investor we ended up working with, his threshold was 80% combined leverage. David Greene: … in Hawaii masterminding on the … Aloha, buddy. There’s a ton of information about what to look for in an agent, how to have an agent find you deals, what to avoid, in addition to amazing advice on how to build wealth through real estate, which this guy’s done a great job of. Some weren’t interested but, again, grateful for the call, really, really gracious about it. Like I said, in the beginning, cash flow’s all that matter. Brandon Turner: “I want to talk about that.”, Robert Jones: But it’s … No. You peek over that fence, you indicate that you have funds for. People I started in 2008, which is funny because we had owned it for friend! About 1,500 a month in gross rents I had a pulse, you.! Co-Author of the free in the sea shed a buddy of mine named robert guy, but! Podcast today is Greg re... BiggerPockets real estate investments a hundred brandon turner youtube, another eye-opener for or..., then s … no seconds and instructions can be with cozy 's resources educational. 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