18 Burst results for "Brandon Turner"

"brandon turner" Discussed on BiggerPockets Real Estate Podcast

BiggerPockets Real Estate Podcast

01:32 min | 2 months ago

"brandon turner" Discussed on BiggerPockets Real Estate Podcast

"Four <Speech_Music_Male> <Advertisement> <Speech_Male> <SpeakerChange> at the end of his <Speech_Music_Male> <Advertisement> name. Green with <Speech_Music_Male> <Advertisement> a name. So <Speech_Music_Male> <Advertisement> thanks everyone for joining us <Speech_Music_Male> today. <Speech_Music_Male> And hope you have a fantastic <Speech_Music_Male> <Advertisement> week. <Speech_Music_Male> <Advertisement> For bigger <Speech_Music_Male> <Advertisement> pockets dot com, <Speech_Music_Male> <Advertisement> my name is Brandon. <Speech_Male> <Advertisement> <Speech_Male> Turner, <SpeakerChange> signing <Speech_Male> off. <Speech_Male> So what does the <Speech_Male> 2021 <Speech_Male> supply chain nightmare <Speech_Male> <Advertisement> have to do with real estate <Speech_Male> investing? <Speech_Male> Well, the supply chain <Speech_Male> has been an ongoing <Speech_Male> complex problem. <Speech_Male> We're seeing shortages <Speech_Male> in everything from <Speech_Male> computer semiconductors <Speech_Male> to lumber <Speech_Male> to well, <Speech_Male> real estate books. <Speech_Male> That's right, here <Speech_Male> at bigger pockets we published <Speech_Male> about ten books <Speech_Male> per year. And this <Speech_Male> year, the supply chain <Speech_Male> problem and one of our biggest <Speech_Male> book releases collided. <Speech_Male> Brandon <Speech_Male> Turner and Brian Murray's <Speech_Male> two part series, the <Speech_Male> multi-family millionaire <Speech_Male> has experienced all <Speech_Male> kinds of delays getting <Speech_Male> from us to the <Speech_Male> consumer. From <Speech_Male> paper shortages to <Speech_Male> printer backups and shipping <Speech_Male> delays and <Speech_Male> on and on <Speech_Male> and on. <Speech_Male> Our first print run of <Speech_Male> the books has been selling like <Speech_Male> hotcakes, more than <Speech_Male> 40,000 books <Speech_Male> sold. Yeah, you <Speech_Male> heard that right. How <Speech_Male> with continued paper <Speech_Male> shortages at our printer, <Speech_Male> we're going to run out soon <Speech_Male> and won't get more books <Speech_Male> until mid <Speech_Male> January. <Speech_Male> So here's what I recommend. <Speech_Male> Get on the bigger <Speech_Male> pockets bookstore and <Speech_Male> use our Black Friday deals <Speech_Male> to get Brandon and Brian's <Speech_Male> multi-family <Speech_Male> series, and <Speech_Male> any other books you'd be meaning <Speech_Male> <Advertisement> to pick up. With <Speech_Male> the way paper and printing <Speech_Male> <Advertisement> is going, we don't know <Speech_Male> when we'll get more in stock. <Speech_Male> <Advertisement>

"brandon turner" Discussed on BiggerPockets Real Estate Podcast

BiggerPockets Real Estate Podcast

05:02 min | 2 months ago

"brandon turner" Discussed on BiggerPockets Real Estate Podcast

"And then you're so much more likely to get a deal from one of those people. And then also you're able to go way wider. How do you get 500 of those people on your list? And every week you're hitting them with new stuff, a new phone call, a new conversations. That's how you build that pipeline that keeps going. Does that sound like something you can do? Or that's not helpful at all? Yeah, absolutely. Yeah, what are some of you got from me? Anything else I can help you address on there? Yeah. Yeah, go ahead. This is kind of a different direction, but please. Okay, so for me, specifically, I haven't been able to technically afford any of the four properties. Or have ownership of. I came in at a really low income level, and then it hasn't necessarily increased the profits are getting tough for trying to tap into compound effect, things like that. So I've had, you know, the more experience the more things I can do, the more stuff I'm able to take on, I have the ability to increase my income, but I don't see it beating increasing my investing in real estate. So one of the things that I'm focusing on is, you know, obviously I have to make for me it's like $4000 a month to survive. But too far past that, that's where I'm choosing to spend my time trying to land an apartment complex, three duplexes or these other things of actively working towards that fits my goals. It fits the direction I'm heading in. I just kind of wanted to get your input on that. Yeah, a couple of thoughts. I don't know if it was quite addresses it, but let me ask this way. How many hours a week would you say you put into the construction side of your business like of your life? How many hours a week you work in that?.

"brandon turner" Discussed on BiggerPockets Real Estate Podcast

BiggerPockets Real Estate Podcast

02:28 min | 2 months ago

"brandon turner" Discussed on BiggerPockets Real Estate Podcast

"And so it scales pretty quickly. One more question to throw at you from the focus part. Besides the focus part, do you feel like you have a good team yet? Do you plan to go it alone? You've got partners. Do you have do you have the ability right now to go big into one of these things in terms of team wise? Yes and no. I have a, you know, networks and clothes, people that I've built relationships with in real estate investing. We're all kind of doing different things and we talk about coming together on something, but what that thing is is out there. So I feel like if I could come up with some unique thing like you described, I could bring together a team or I feel like I could do that. Yeah, that's so what I found to be so true in my own life and other people's lives is this idea that when you are confident and you are moving in a direction, people naturally want to surround themselves with people who are moving in and that are confident. So as soon as you're like, I am the whatever. The small the 20 to 50 unit apartment complex burr, Queen of America. And that's what I do and I do a better than anybody else. And this is where I'm going and I got my vision and in three years we're going to own a thousand units and we're going to syndicate to be able to do that. This is where I'm headed and it's broadcast that everyone's like, yeah, go follow Stephanie. Let's do it. Stephanie 'cause you know where you're going. There's like the world craves that leadership that just has the confidence to start moving. And I can totally see that with you is like you'd just be like, people just flock to your thigh to want to be a part of that. And then raising money becomes easier because everyone's like, oh, that person knows where they're going..

Queen of America Stephanie
"brandon turner" Discussed on BiggerPockets Real Estate Podcast

BiggerPockets Real Estate Podcast

05:57 min | 2 months ago

"brandon turner" Discussed on BiggerPockets Real Estate Podcast

"Well, this would be apartments or saturated all the things that go on in your head. Yeah. And it's true apartments are saturated, but those mobile home parks are self storage. It's all a very, in fact, buying just normal houses and normal rentals and any market. It's all so saturated and crazy right now. And there's really no sign that it's going to get any better. Yeah, we may see a crash at some point, but we may not. This may just continue until we're just equal to Europe where everything is super expensive. So because of that, we can't really obviously make that decision one way or another. So again, it just goes back to just saying a green in your head. I am going to make a decision. Now, I can put a data my calendar. And I like doing this. Whenever I have a big decision to make, and I've been waffling on it, I just think a data my calendar like two weeks out and circle it and put on your Google calendar on your wall calendar and say decision day. That's the day I'm going to make a decision. I have to know 100% clear on that day what I'm going to do. And I talk a lot about in the new book the multi-family millionaire has the crystal clear criteria. Your location, condition, price range, property type and profitability. What do I need to make it a good deal? If you need to find those 5 things by decision day and just acknowledge the fact that a it doesn't matter, you can always correct or add on things later. But C knowing that you have to become an expert today. That's the biggest thing I noticed in the past in the past three years of real estate. This is probably the biggest shift I've seen in the last three years. You're no longer able to be an amateur and do okay in real estate anymore. Maybe on the small level, you go buy a duplex, you go buy a single-family house. You go flip a house. Maybe you can be someone I would try and get lucky once or twice. But you're competing against just such talent today. That the only way to win is to go a mile deep. And then once you're a mile deep, we want a mild deep and open or capital. I'm mobile home parks. We've bought over 2500 units now, bought. This botton a word? All right, we've bought it. We've bought over 20 auto units. And now we're going apartments as well. Because now we are a mile deep. I think we are the smartest mobile home park investor in the country. And of course, I'm sure other companies are saying the same thing. But I'm pretty confident we know more than 99.99% of the world on mobile home parks. Now we are going to apartments. And eventually, once we get a mild deep on that, and we're really, really good at it. We're going to probably go into self storage. Or what I like better is I love the idea of the senior housing. I think you pointed out that the demographic trends are moving that direction. That's what kiyosaki was talking about the other day when we interviewed him. But was self storage..

Europe Google kiyosaki
"brandon turner" Discussed on BiggerPockets Real Estate Podcast

BiggerPockets Real Estate Podcast

05:57 min | 2 months ago

"brandon turner" Discussed on BiggerPockets Real Estate Podcast

"So I bought my first rental and then I bought two more. And then I sat on those because it was super stressful being a landlord, not knowing what I was doing. And I just sat on those things and then in 2014, I really wanted to dive in and do more. So I took my equity and left Denver and went into three other markets still with single family, small monthly family. And went up to ten rentals. And then in 2018, my kids were leaving the nest. I'm like, I need to go bigger. I need to really do this thing. So I learned about apartment investing. I hired a coach. I am a DP on several syndication deals. And that's great, but they're aspects that wasn't clicking. And so the pandemic came and I'm like, I'm going to buy a franchise. So I bought a business. Anyway, now I am stuck feeling like I was back when I was just sitting on those three properties. Like, I'm not. I want to be doing all this stuff, and I want to be growing. And I don't know where to go. I don't know what's next. And so I just want to make progress on the real estate investing side. But of course, you know, have all these things going and would love your advice on how to figure that out. Yeah, so the summary gist is like, you've had a lot of success. And you're trying to figure out what's the next level and how do you get there? Is that a good summary? Absolutely. Yep. Yeah, I feel like that's where I was when I was at that tell a story a lot, but I was at that conference. It was Joe fair list as best ever conference in Denver. And I'm there in speaking, and I was like, man, I have been resting on my successes and my laurels, too long here..

Denver Joe fair
"brandon turner" Discussed on BiggerPockets Real Estate Podcast

BiggerPockets Real Estate Podcast

01:40 min | 2 months ago

"brandon turner" Discussed on BiggerPockets Real Estate Podcast

"There are brokerage just like you're used to, except they have technology superpowers that help you get the most of your investment. Awning takes your investment goals, pairs you with a dedicated adviser, and then uses their incredible technology to find and surface the best real estate opportunities as soon as they become available. Adam gives you rental estimates, appreciation forecasts, neighborhood trends school scores and more. If you're looking to supercharge your investment search and want to close on better deals, while spending less time, I highly recommend you get on a try. Head over to awning dot com slash BP for bigger pockets to start fast tracking your real estate investing process. That's AWN ING dot com slash BP. The holiday season is coming up, and that means more time with family. The best gift you can give your family this year, peace of mind with a safer home from simply safe. This week simply safe is giving bigger pockets listeners 40% off their award winning home security. My friends and fellow investors love simply safe because it has everything you need to make your home feel safe. Indoor cameras outdoor cameras and comprehensive sensors. All monitored around the clock by trained professionals who sent help the instant you need it. You can easily customize your security system online in minutes and even get a free custom recommendations from simply safe. So why not try this system U.S. news and World Report name in best home security systems of 2021? These are simply saves the biggest discounts of the year. You can get a complete home security system starting at just over a $100. There are no long-term contracts or commitments. It's a really easy way to start filling a bit more peace of mind. This offer and soon take 40% off as simply save dot com slash pockets today. Go to simply safe dot com slash pockets..

"brandon turner" Discussed on BiggerPockets Real Estate Podcast

BiggerPockets Real Estate Podcast

01:59 min | 2 months ago

"brandon turner" Discussed on BiggerPockets Real Estate Podcast

"This is the bigger pockets podcast show 5 36. Now I'm stuck feeling like I was back when I was just sitting on those three properties. I'm not, I want to be doing all this stuff and I want to be growing. And I don't know where to go. I don't know what's next. And so I just want to make progress on the real estate investing side. But of course, you know, have all these things going and would love your advice on how to figure that out. What's going on in the world? It's Brandon Turner. Host of the bigger pockets podcast here with another, I don't really call these consulting consultation, Q&A, ask Brandon episode here. Off the bigger pocket podcast. And as you notice, there's no David green today. It's just me, and.

Brandon Turner Brandon David green
"brandon turner" Discussed on Real Estate Rookie

Real Estate Rookie

01:39 min | 6 months ago

"brandon turner" Discussed on Real Estate Rookie

"It up there and there's a bunch of cool bonuses you get when you buy it from bigger pockets when you buy it from amazon which maybe a month from now or something like that amazon will have it as well as well as audible but right now you can get bigger pockets and you get a bunch of bonuses and i promise everybody here. The bonuses are worth just as much if not more than the actual book. I'm not going to go into all right now. But there's some really really cool self that i've spent unbelievable at the time lately building to add in for bonus content because i want people to buy it quickly and to get it from bigger pockets and to change their life with it so big box store and yeah you follow me more places at Instagram i'm gonna thirteen year old girl and instagram. You've seen me there. I post a lot Beardie brandon so beard with a y brandon on instagram. And what about tic tac tic tac. Yeah you know what. I do have a talk. It as beardie brennan tick-tock but if you want to see my dance moves. You're not going to see him there. So i I mostly just post my instagram videos. Overrun diktat okay. Well thank you so much for coming on with us. And you've hit all four episodes now it's time for bigger pockets to create a new podcast. Now we need a name for that like a hat trick like what's the award know. Okay what's the you got an oscar. You have an oscar. Tony and you have a grammy. What's that thing you know talking about the guy from hamilton. I think is one of the few that sexually. There's a few people who've done it anyway. That whatever that is on that so apparently thanks for having me. Yeah thank you so much. We'll talk later brennan. I'm ashley app. Welcome rentals and he's tony. Tony robinson you'll see you guys back on wednesday..

amazon Beardie brandon beardie brennan brandon oscar Tony hamilton brennan ashley Tony robinson tony
"brandon turner" Discussed on Real Estate Rookie

Real Estate Rookie

03:50 min | 6 months ago

"brandon turner" Discussed on Real Estate Rookie

"But we're also now raising for a a big parbat huge apartment complex deal over five hundred units that i'm working on and also another big apartment deal and some self storage so a lot of stuff but the first year we would make offers and consistently get rejected we would talk with brokers and consistently. They would give the deal to other people even if we paid more even if we offered more they will give it to other people because we didn't have a track record. We didn't have that. But then we gotta deal and we got another deal and we got rejected a lot more than we get another deal and we got another one. And then we started noticing this trend that all these brokers started coming to us first before they went to other people because we have now established a track record now in the past month. I've got more property. Under contract we've got more properties locked up in past month than the past fifteen years my investing career combined we have over one hundred million dollars locked up right now. It's insane then. It's just coming so quickly and we get way. More offer accepted even when we're offering less than other people because now we have a track record so the bottom line is it builds slowly. You got to scale up. And that's why i love starting with small multifamily. if the eventual goal is large star small. Right now get some deals on your belt. Congratulations on that. That's really exciting for you. What's happening in the last month. It's terrible it's hard. I'm like i don't even I'm terrified not not not so whenever you and i actually have a billion dollars worth real estate who i get it. I get it. You guys are just killing me for sure that i do have a very recent story that i wanted to share that kind of related to what you just said about building relationships with brokers well very recently i started going after commercial deals and i actually found the property and then i brought on a broker and we.

"brandon turner" Discussed on Real Estate Rookie

Real Estate Rookie

05:20 min | 6 months ago

"brandon turner" Discussed on Real Estate Rookie

"So do you think there is an option for more value add on multifamily compared to a single family so some of the things i think of okay. You said the separately meter. What about even adding raja's or charging for parking spaces or storage space in a multifamily. What do you think are some of those value adds that people should be looking at in a property when they go to look for this multifamily other ways they can make income there. Is things like the storage the parking. All that and i think all that's good. Would i like to focus on though. I'll explain it this way. So your holiday clasby class. C class d class areas. We call them. And then there's i like to say there's a class b classic loss d class properties. Which means like you know. An area might be a seat class. It's a little bit lower end You know a lot of payday loan places around. They're like that's a c class d. classes where like there's that plus getting shot usually or there's like a lot of crime and violence and sexual offenders then be classes like us. It's pretty good. I like it. You know blue collar. Maybe a little upper blue-collar and then or even white collar and then eight class lecture the starbucks on the corner. There's the trader joe's right there a sprouts. Is that right okay. So knowing that we've got a. B. c. and d. we also have abc in d. properties. And then we have. Abc indie tenants. And i'm going somewhere with this. So there's quality of your location quality your property and quality your tenant i believe that the quality of your tenant is first of all those important things you can ever do in real estate. Look better ten. You have the less problems you're gonna have lots of victims less drama more stabilized cash. They take better care of your property etc..

raja Abc starbucks joe
"brandon turner" Discussed on Real Estate Rookie

Real Estate Rookie

01:35 min | 6 months ago

"brandon turner" Discussed on Real Estate Rookie

"To find what you're willing to take on. The better deals tend to be at the fixer upper level but they also require the most one of experience time and it's higher risk. I so next that was property condition. Let's condition location. Let's see next one. Was i call profitability in other words. What makes it a good deal to find that number. Like i want a ten percent cash on cash. Return other words. I wanna make ten percent the first year on my money. Great or twelve percent or eight percent like for me. Like if i was a rookie i'd be with like eight. Seven eight nine percent as an experienced investor. Try to shoot for like ten twelve percent. Today i try to find a little bit better deals but in the beginning getting started is better than nothing and find. The last one would be price range. Are you trying to buy one hundred thousand property or a million dollar property so now when you're going at it you've got a really clear picture of what it is that you want. I'm looking for a small multi in west cincinnati. And i'm looking and like the hundred to three hundred thousand dollar range. 'cause that's about what i can afford for my down payment and i really want something. That could be a cosmetic fix that. I don't mind get my hands a little dirty now. You go to an agent and you tell them that or you start marketing off market like direct mail marketing or something like that and you're going to have a hundred times better chance of lane in deal because you so specific with that all right so that's crystal criteria. Let's shift that over to deal analysis. So well i said profitability. I said something like. Hey i want an eight percent return or two hundred dollars a month per unit. I want every unit that i bought have two hundred dollars a month in cash flow. Which i i would say. General the high end for multifamily. But let's say you want two hundred dollars in what. I call pure.

cincinnati
"brandon turner" Discussed on Real Estate Rookie

Real Estate Rookie

05:24 min | 6 months ago

"brandon turner" Discussed on Real Estate Rookie

"Multiple tenants and there are horrible single family doctors but the generally it requires more involvement. I mean i was at four plex where it was like two units upstairs and two downstairs and the downstairs person called because the upstairs people watch it two quick stories one because they were having relations in the middle of the night way too loud so that was an issue. Don't run into with angle family houses. They were having just their mom and dad. Time too loud on the floor above them and then different four plex. Maybe it was the same but other side. The people upstairs were leaving their garbage out on their back porch above the lower porch because they're like top and bottom and maggots. Were just like falling down raining down on the bottom people so you don't get that in like single family there so definitely more management is is there but it's not impossible. It's just the system. You gotta learn that answer that question. Yes it does and just one follow up like in addition to that brandon. How do you as the landlord manage relations between the different tenants. Like how do you solve those kind of problems. Because that's something that you right into. Lisa's do you like a strike. One strike to strike three thing or you. You kick one of the tenants out. How do you keep the peace. When you've got four people five people. Six people live in so closely. Yeah it's a balancing act. I'll say that. Secondly i have a lot of now experience with this so we kind of realized things like. What do you do when a tenant has meg. It's raining down the other one. you like. You're not gonna read that book right but the figure this out over time that said so. We rely heavily on the lease so we love making the least the bad guy not us the bad guy. That's one of our kind of rules in landlord. Is everything everything the leaves. We have a very good lease and we make sure that like if ten for example has garbage on the back porch..

brandon Lisa
"brandon turner" Discussed on Real Estate Rookie

Real Estate Rookie

05:52 min | 6 months ago

"brandon turner" Discussed on Real Estate Rookie

"And you owned a bunch of small multifamily six plex four plex duplexes etc. And so when i first met him it was because i was painting a house for him. My buddy was he is. My buddy was my friend. Adam was renting from this guy. Kyle so adam was like hey. I got a paint my landlords house this weekend. Can you come help me. I was like sure so. This is what i'm twenty years old or twenty one. I just bought that first house. So i go over there and i just helped them paint this house. I never painted a house in my life. But i wanted to be whatever five dollars an hour. My buddy was gonna pay me to help him. And so i started talking with the landlord who shows up this guy kyle and i started saying like i am interested in. How did you get into. This thing. Does asking questions i mean. How did you buy this. Well how did you even know where to buy like..

Kyle Adam adam kyle
"brandon turner" Discussed on Real Estate Rookie

Real Estate Rookie

04:39 min | 6 months ago

"brandon turner" Discussed on Real Estate Rookie

"Might cost you five million dollars. So do you wanna make your mistakes on a five thousand dollar mistake. Five million dollar mistake. And that's why. I think people should start small and then scale and even if you're not going to be the hands doing the maintenance or doing the rehabs or anything like that there are still things you need to know about overseeing a property management company or overseeing a contractor. That's doing these repairs. You still have to know something and as you will learn that real estate can be sold something passive but it is not always passive especially if you're going to be the owner of the building and not just a limited partner on some kind of syndication deal so i think right there. That was a great example. Thank you brandon. Yeah so brenna. I want to clarify something right. So you get your advice on why maybe starting with one hundred units is in the best move for ricky real estate investor. But do you feel that say. I have zero deals. Do i need to start with like a single family residence or can i make my first real estate investment. Be some kind of small multifamily..

brenna brandon ricky
"brandon turner" Discussed on BiggerPockets Real Estate Podcast

BiggerPockets Real Estate Podcast

07:52 min | 7 months ago

"brandon turner" Discussed on BiggerPockets Real Estate Podcast

"Is i can buy jets. And so i want level one level. One is a great once you have level one. You can build other bridges to get the level two and maybe even level three where you buy small countries which sounds pretty good. But you're never gonna keep building bridges. So i always encourage you to simplify your business by knowing exactly what you want and sticking with that so i said earlier. We're doing this with mobile home parks right now. We built a fun. We have a five or sixty fund. And we're were buying a bunch of parks last week. We're closing this week. Maybe even today or tomorrow or next day on a park in ohio or two parks in ohio. Last monday a week ago we got a seven million dollar offer accepted on a parking or near atlanta and then we should hear back any minute now. I'm waiting. I don't know ryan is you can tell me if it comes through rating on offer a huge offer that we just admitted on one. We are all in on this thing right now and i'm doing a few other things but ninety percent of my time is spent on this one thing because the biking just get this right everything else becomes easier now. Anybody ever seen this idea before like training a lion with a chair. It's kind of a common image image back in the day when we used to do things the lions but they would always take chair. Hold them up. The reason they did. This is because a lion can only focus on one chair leg a time and so by holding the chair up and rotating chair the lion jumps from thing to thing to thing to thing and doesn't eat the person holding the chair. That's the whole reason behind why they would do the trick. The same thing is true for humans us today. Is that when we have two three or four things going. We have a hard time focusing on everyone. As warren buffett once said the difference between successful people and really successful people is that they really successful people say no to almost everything. A great example. This my buddy. Josh dorking with josh allen somewhere and we've seen him about this tall. Yeah somebody getting a booster seat this one back there. So josh actually say look the same height as me to come up here and take this mike for me. So josh and i we posted a picture because it was going to be for the back of the how to invest in real estate book and a lot of people wonder like wow is really tall or brandon's really short. Nope that's how we make movie magic right there suggestion. We'll be back to the show in just a moment but first a quick word from one of our sponsors question for you. Is there something that's interfering with your happiness. Are you having trouble reaching your goals. Many investors hit roadblocks. But not just in business but mentally as well. That's why we are really proud to have better help. Today's show sponsor better help. We'll assess your needs and match you with a licensed professional therapist. All on a safe convenient and private online environment. Better help is not crisis line. And it's not self help better help us. Professional counseling done securely online. You can send a message to your counselor anytime and get timely thoughtful responses plus weekly video or phone sessions all of this without ever having to sit in an uncomfortable waiting room. It's also more affordable than traditional counseling with financial aid available. Better helps licensed counselors can help with stress anxiety depression relationships family conflict and even sleep problems. Anything you share is completely confidential. We want you to start living happier life today. As a listener you'll get ten percent off your first month by visiting our sponsor at better help dot com slash bigger pockets. 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Become a free member today and get fifty dollars off your first order through july. twenty fourth. Just go to misfits market dot com and use code grocery fifteen. That's promo code grocery fifteen for fifteen dollars off your first order. Misfits market is not available in all fifty states. For more info visit. Misfits market dot com. Now of course just knowing where you're going isn't always enough just knowing where you're going isn't always enough years ago. My wife and i took a road trip all around. The united states spent six weeks in our car. Press camping and assistant before rosie cabanera driving around it was amazing trip and we left. I think it was. We left. houston texas and texans in here all right but texas houston texas and we're driving towards denver colorado. So we're gonna make our web to denver. I wanna go visit josh. Stay with josh and with the houston and we're travelling west. We know where we wanna go exactly and we just kept driving and driving. I follow this road. And figure if i kind of north west we'd get there and it wasn't until i saw the sign for the mexican border crossing. I realized i was going the wrong direction. Like four hours in the wrong direction. Luckily my wife was sleeping. She didn't even know so. Just turn around the backup. Yeah pass texas state you never know. Therefore it's not only important to know what you want exactly but define exactly how you're going to get their pacific now. The surfing picture behind the picture that i took this picture myself a couple of weeks ago. Totally kitty no. That's not me. But i live. I live in maui hawaii now. I moved there because i want surf. I like surfing. So i'm gonna actually teach everybody here today how to serve that sound good. I want you to do is going to be weird. Y'all stand up real quick. And i want everyone to come up here but i stayed up. Where did you cook surfing lesson. So here's how you surf is that you serve. Step number one. You paddle are laying on your. I'm not gonna lay down because that'd be really weird but you put in your late night and you're on your board and you're paddling out left arm right arm. Left arm right arm all the way out. You don't let your feet to touch the water on the board drags you now. You get where you want to go and you turn around so you're facing the right direction and a lot of times. I sit at my board. La down on the board and then a wave starts coming. You look off and you can be watching because you don't know what's going to happen. It's about three seconds before happens. And you see the the water goes. Ooh and it starts going up and you're like this is it and so what you do. Is you wanna paddle. It's like it on a freeway. You want to match the speed of the cars on the freeway. So you start paddling. Paddling paddling paddling. And then as soon as you feel kind of catching you a little bit. You got a super fast. The last thing you do is you do three big one to three remember.

"brandon turner" Discussed on BiggerPockets Real Estate Podcast

BiggerPockets Real Estate Podcast

08:10 min | 7 months ago

"brandon turner" Discussed on BiggerPockets Real Estate Podcast

"Your business and how to make it more simple so it's more fun and more profitable and you have to work less and make a lot more money. That's kind of a summary of the keynote speech and we decided we've never actually played it for the entire audience before. I'm only the people that were there. Live in nashville. Got to hear it. So today's episode is actually my keynote speech from ep. Twenty nineteen and. I think you're gonna like it. So that's what's coming up here in just a moment but since david you're not joining me for the whole show today when just ask you. Do you know what you're speaking on yet at p. con twenty twenty one. I believe. I'm slated to talk about the berm method. Of course you yes as you are the berman nader. Be fair though. You and i will be talking to everybody. The entire time about everything related to real estate at all. Set something up where we have a private meeting or grant a room or something to happy but common mastermind or do that kind of thing from finally be fun. I like the idea I'm also yeah. I'm doing one of those with my investors in opendoor capital a private dinner or drinks or something. I don't know we got a plan that still but that leads actually. Today's quick tip. Quick tip is bigger pockets conference. Twenty twenty one is happening so you probably guessed because we just talked about it. It is happening. It is a new orleans and it is on october fourth through the sixth october. Four five and six of twenty twenty one. Quick tip is if it's not sold out yet. What is going to sell out. I mean two hundred and fifty thousand people listen to the show and we only have fifteen hundred spots so it's going to sell out but if it hasn't sold out yet go get your ticket right now. Bigger pockets dot com slash conference easy to get their bigger pockets dot com conference. Get your ticket. It's going to be amazing. It's gonna be tons of speakers Inspirational keynote. I think hal elrod is going to be there. Author of the miracle morning and a bunch of other people. And it's in new orleans one of my favorite cities in the entire world right off bourbon street. Which if you've been there you know what you know you know. It's going to be amazing. So we'll see you there. We're asking to do a live. Podcast recording thing and david and i are gonna do there as well. So it's gonna be great. I'm excited i'm excited to meet all you are going to be there so get your ticket bigger pockets that come conference today show but first let's hear from today's show. Sponsors inbox. zero is a thing of the past. we're also inundated with email now that it's no longer about responding to everything. It's about responding only to the important things the messages that truly matter. And that's where a sandbox comes in. Think of it as a robotic. Marie kondo for your email. Messages flow in saint box does a triage for you leaving only the important emails in your inbox in directing all the other distracting stuff to your sane later folder. So you know what messages to pay attention to now what stuff you can get to later. It also has not features saying black hole. Where you can drag ges from annoying senders you never want to hear from again and saying reminders to pin you. If someone hasn't replied to email by date best of all you can use sandbox with any email client or phone anywhere you check your email see. How sandbox can magically remove distractions from your inbox with a free two week trial. Sandbox dot com slash. Bigger pockets today and start your free trial and get twenty five dollars. Credit that saying box s. a. n. e. b. o. x. dot com slash bigger pockets. If you're most rules investors you spent your entire career. Pain banks private lenders creditors and your expenses at the same time. You've taken chances on deals. That don't always puts you on top even taught to give up control of your finances and assume all risk and it's costing you your financial freedom. The most successful investors no differently they grow and protect their wealth by using this two hundred year old strategy. That doesn't require them to take on anymore. Risk work any harder or lose control their money. And it's time you did the same mimicking the wealthy and implementing this one. Simple change will allow you to use your money while simultaneously watching it grow it. A guaranteed rate no matter what the market is doing head over to chris. Naga dot com bigger pockets to watch money. Multiplayer member devon birsh show how he uses method to make money five times on one deal. And how you can do it. Too by the way chris nago. He was on the bigger pockets. Podcasts show number. Four hundred seventy eight so check it out. That's chris inaugural chris and a huge e. l. e. dot com slash. Bigger pockets. all right. that's i guess that's all we got before jumping into keynote. Anything you want to say. David about Life real state love or whatever you want no i actually want to hear your keno again. 'cause i remember being there and i was kind of like in and out of the room at ain't get to hear the whole thing all right. Well you didn't care enough about me. We there for the surf lesson part of it. I give surf lesson in the middle of the speech. So yes i missed that i heard. Okay all right. Well everyone be prepared. You're and learn how to surf today without further ado. Let's get to the keynote from the bigger pockets. Twenty nineteen conference by me brandon turner. Okay before i leave you. Want to tell a little story because people enjoy the story. A few months ago. I went to a business. Networking event wasn't a real estate. Event had nothing to do with real estate business related. And i like these events because when i go to real estate events but he comes up to me and wants to chat about real estate when i go to these other events. Nobody knows who i am. I'm at this event and this woman be lines at towards million says. Oh my god. You're jay scott and i'll be honest i'm introverted. I don't like talking to people like that. I don't know it's hard for me. I enjoy it. But it's difficult. But i was really excited because i was at this event where normally nobody knows who i am and she said oh my god. You're jay scott and i was really excited and she said how can i ask you a favor and i'm sitting here thinking. Wow somebody has a favor for me a business event. So maybe she's gonna want me to sign a book or maybe she's gonna want me to be godfather to a child or something really awesome. She looks at me and she said. Can i ask you a favor. And i said absolutely and she said will. You introduced me to brandon turner. That really happened knocking ally. I was a little upset. But then i realized that there are a whole lot. Worse things in this world than introducing brandon turner. So i had the honour. The privilege today to introduce brandon turner. Somebody that everybody in this room likely knows. He's the vp of growth for bigger pockets. He's taught many of us in this room out various strategies that i don't want to say didn't exist before brandon but they weren't well-conceived before brandon. He's created some of the greatest three letter acronyms and four letter acronyms in real estate. And he's had a profound impact on all of our lives so it is my profound pleasure to introduce our first. Keynote speaker brandon turner. Yes up everybody all right so i look for a couple of things. Get my way around the stage. Here looking for a powerpoint clicker. That should be here somewhere if not automatic clap actually while i'm looking for this guys. This is true story at south by south west last year there was a vote. What are they called the scooters you right around the bird or whatever they had those anyway. Some joker went out there and took these stickers that said clapper activated and stuck them on everyone. That's the greatest like frank. I think of all tie like it's so simple but so genius so anyway. I love that love that speaking of simplicity. That's actually what we're gonna be talking about today. Is this idea of how to make your real estate business. A lot more simple and how to make things work better because they're simple because a lot of things are very complex and we make them very complex but in reality real estate at its core is a very simple thing. So hey we have a clicker. Or is this the clicker. Oh my gosh. You guys round of applause for the staff here. Well.

brandon turner berman nader hal elrod Marie kondo new orleans jay scott david devon birsh chris nago chris nashville brandon David south west frank
The Guy Who Did Everything Wrong But Still Figured it Out with David Pere

BiggerPockets Money Podcast

09:24 min | 11 months ago

The Guy Who Did Everything Wrong But Still Figured it Out with David Pere

"Paret welcome to the bigger pockets. Money podcasts. I i talk to you today. Thanks for having me on the show. Mindy scott always a pleasure. Yeah we it's always a pleasure for scott and you're just for being on the show that was that was like a comma scott calm like always a pleasure for both of you. Okay okay probably a bad use of commas. I'm big fan of the comma. Anyway david paret is a career marine corps officer and heat. I learned about the term fire from our very own got trenched and brandon turner some schmuck who hosts another one of our podcast for bigger pockets and he learned about it in the most five way. Possible on a hike in hawaii. Why were you in hawaii david. I was stationed out there. Okay okay so. I was there for business business. Let's do some air quotes around that business although as ceo. I guess it's really convenient to go out to talk to brandon hop on clay instead of just hopping on zoom. Anyway david paret. Where does your journey with money. Begin first off for those listening. I have to correct you. I listed i am. I am not fancy and i actually say that with a badge of honor because i think that actually makes for anyone listening to this who's military that actually makes this way more Powerful because. I'm just an enlisted schmuck. So everyone thank you for correcting me. Please germany correct me. I really wanna try learning all of this military suffered. I'm just wrong all the time so sorry about that. Are you an enlisted officer or just Just an enlisted marine. He's an enlisted marine. Okay now tell us your money story. Are you on board with us using the term semper fi to describe your journey absolutely. That's an accurate statement or disrespectful to the phrase semper fi. No no it's motto. It means always faithful. So oh okay. Tell somebody already david. My money story starts off in all those same places that most service members do terrible right. I joined the marine corps in two thousand and eight. I had super frugal parents. Who did all the right things. Even to envelope budgeting. They taught me all the things you're supposed to do. Bought the off brand stuff to save money. And then i joined the marine corps. It was my first real salary. I went to japan. And i was like. Oh my god. I got money and i blew it on everything i went to a on even went on a deployment tax exempt pay. I came home with seventeen thousand dollars. And i bought a truck a rifles and tattoos a bunch of alcohol and probably took some people out on dates and have nothing to show for any of so. I did Terrible things you know by the time i was. I would have been two thousand thirteen to fourteen. When i i mean i probably had an a negative net worth and somebody handed me the book. Rich dad poor dad because they were trying to get me into Amway ride in helped me sell stuff on the side. And i remember telling the guy like no joke i was just like i don't read like you know like i'm a marine. We don't read books which is not entirely true but And he pulled a cd like out of his pocket and was like wow. I've got a cd. And i know you drive a lot on recruiting duty. So plug this in. And listen to it and i listened to it originally with the intent of like well. He called my bluff final. I'll listen to the stupid book. And then within three months. I had bought a duplex and things just started. Roll like i. I listened to that book i like. Oh wow this is cool. I downloaded audible. Listen to a couple other purple library books and then i was googling. Every time i didn't understand they just go to google. And then i stumbled upon bigger pockets and then the book on rental property investing in the book on no and low money down and then like right in the same timeframe someone got really drunk and parked on top of my harley and so they totalled my harley but they didn't want to he owned a car dealership so he didn't want he didn't wanted on insurance so he just paid me cash and then i took it to the viewership and they paid me for it and so i basically got the original price. I'd put into this bike at the same time. Like looking for a duplex and use an fha loan bought a duplex lived in one half rented the other half and then things just kind of scaled from there. So at this point. You're sitting there. And you're just becoming aware of wealth-building concept in general and it doesn't two thousand fourteen. You have basically no wealthier debt at all at that point. Yes so i guess. By the time. I read this book. It was actually probably october of two thousand fifteen. I had a little bit of debt. I mean maybe maybe a few thousand in credit card debt in an auto loan. But i didn't have. I probably didn't have a thousand dollars in the checking account so i only had you know i probably only had like a negative three or four thousand five thousand dollars net worth so. It wasn't like terrible but it was definitely nothing to show for it at all. But you were contributing to your tsp right a little bit. I had done the minimum like eight to ten percent. But what i had done. And this is the There's there's different funds right. When i first joined your money went into the fund which is government backed securities which is in perspective. I've been putting eight to ten percent. Mit because someone told me to. But between two thousand eight and two thousand fifteen. I left it in a fund that essentially earned two. Maybe three percent interest never lost money but it earned two percent interest while the rest of the stock market was earning twenty thirty percent returns coming out of the two thousand and eight recession and i just ate it so i could have way more money in their if i just know where to put it or what more money in. So it wasn't until two thousand fifteen that i really cranked up and started putting twenty thirty Last year sixty percent at one point in my in my thrift savings plan. Okay so this was not a meaningful part of your position at the time when this all started right now i probably had five grand. Dsp ray how much cash did you have at the time as well. If i hadn't totalled my or had my harley totaled basically none. I was pretty much living paycheck to paycheck. How does a harley jump. Start one's cash position. I i don't really. I don't have a perspective on. This is a motorcycle worth eight. Grand is it worth fifteen twenty. Twenty-five i i have no clue. No no no not that much. I probably got probably like eighty five hundred out of totaling. It wasn't super expensive harley and it was a few years old i've probably got about eighty five hundred but i was living missouri which is super affordable and then i was able to use the fha loans. I got into this house for like four grant. I think it was thirty. Eight hundred bucks. So you're stationed in missouri and you buy a duplex and can you walk us through kind of how the housing allowance and all that kind of stuff works for those who are not familiar with military benefits just so we can get a a total picture of your position at this. Starting point. pleasant fifteen yeah. I i think in springfield. My housing allowance was like eight hundred and fifty dollars a month and the housing allowances tax exempt. So it's you don't pay any taxes but actually counts as a little bit more As far as debt to income goes towards your lender. I think it's like one point two five times. Whatever your housing allowance cost when you go to buy. But at the time i was living in an apartment and there's like five fifty a month for a two bed one bath apartment and my lease was coming up on and do so. I was able to get into this place. I bought the duplex for eighty. One thousand my mortgage was six fifteen and there was attended one side for four seventy five Market rent was like five fifty. So i was like okay. Well this could. this could work nothing else. I'm going to be paying one hundred and whatever that math is one hundred forty dollars a month out of pocket for the mortgage as opposed to the five fifty. I was paying on rent. And i probably should've used the. Va loan on that but nobody knows anything about the va. Loan and the lender actually told me not to because he told me quote unquote you can only use it once which is wrong air so much confusion around the va loan. I hope that somebody someday we'll sit down with a really great lender and talk all about the. Va loan and if they have already it would be awesome to link to that in the show notes because the va loan is only applicable to who service members veterans Some federal employees but generally just service members and veterans. Okay so that's not necessarily all of our audience. But i think it's really important to note that you can use it more than once you can use it a lot more than once. You can use it as many times as you want. There's some stipulations there. Because you have to renew the eligibility and after two or three times it gets kind of kind of convoluted but you can the first time you can use it. There's no limit on it anymore. So you can go and buy. There's a guy. I don't wanna knock on wood right now. There's a guy under contract on a triplex for one point. Six million dollars in the bay area right now that we're we're helping and he's going to basically move into this thing zero down and he's high income earner out of the military veteran and in the medical field so he's got a good day but he's gonna pay zero down get like two and a quarter two and a half percent interest on this thing and his tenants are essentially going to pay the mortgage and then he's going to be on the hook for maintenance repairs.

David Paret Paret Mindy Scott Brandon Turner Marine Corps Hawaii Schmuck David FHA Brandon Amway Scott Germany Japan
"brandon turner" Discussed on BiggerPockets Business Podcast

BiggerPockets Business Podcast

08:20 min | 1 year ago

"brandon turner" Discussed on BiggerPockets Business Podcast

"The big pockets real estate podcast because they have an amazing podcast for those of you who do know brandon and david. You know that this is going to be a great episode. We talk about all the things that went right in our businesses in twenty twenty not just real estate but all of our businesses. We talk about the things that didn't go. Great in twenty twenty and how we can improve them in twenty twenty one brennan. David gives some amazing advice on this episode. So we talk about. How do you figure out what your superpower is. Basically that thing that's going to not just help you generate one hundred dollars an hour or five hundred dollars an hour but maybe ten thousand or fifty thousand dollars. An hour. literally and brandon gives an amazing example of that in this episode. We talk about. When is it time to choose the right next venture for you. And how do you choose what that venture should be and what. It shouldn't be To really help jump-start whatever it is you're doing we talk about goal. Setting in the new year brandon talks about four ways to build persistent. So all of us. We were good at setting goals. But we're not necessarily as good at plowing through those goals and keep moving forward when times. Get tough branding. Gives us four ways that we can really work on building our persistence. At the end of the show. We talk about finding a coach. And how you might know. Performance coaches something. You should need and how you find the right person to help you really build your personal life your business life And just get so much better at everything. You're doing and make sure you listen to the very very end of the show when david greene talks about why this podcast the bigger pockets business. Podcasts is absolutely has very favorite bigger pockets. Podcast we're gonna hold them to it and to hear why anyway if you want to learn more about brandon if you wanna learn more about david if you wanna learn more about anything we talk about on the show. Please check out our show notes at bigger pockets dot com slash biz. Show eight again. That's bigger pockets. Dot com slash biz. Show eighty eight okay without any further. Ado let's welcome to of our favorite people to the show brandon turner and david greene brandon. David thank you so much for joining us at this awesome and twenty twenty gotta tell you this year has been a wild ride so looking forward to hearing about everything that you've had on your plates in moving into the new year all of us together so thank you so much for being here with us today. Thank you for having us you know i. I made a bet to see how you get on the show by the end of the year. And it looks like david fifty bucks so you guys are hanging out together in hawaii. I assume we are. We're staying would safe right now. Never staring at each other in the is longingly as we talk. This is weird. It is awkward to try to think about what you're gonna save with brennan's big blue is in -veloping your entire consciousness early. So that's what they call me dreamy turner communism okay. I am excited to have you guys here so we can talk real estate all day and we do talk real estate all day but we asked you here because we want to talk business and the real estate business i know all that and so are real. Estate businesses are real businesses. But i want to hear about some of the other stuff you have going on. And and so brand. Let's start with you so let let's start with open door capital which is a real estate business but still business. Tell us about that tells what other stuff. What were you doing in twenty twenty. Where were your focuses. How do you split up your time. I get this. I get asked this question all the time. What do i spend my time on because people think of me is doing a million different things. I know people think of you the same way. What do you spend your time doing. I do a million things but no i. It's because so. I'll start with your first question. Ethnic twelve questions are jay. I'm i'm gonna try to remember but bad podcast. No you're a great podcast dr. Just gotta think they're all these Let's see so twenty twenty. We grew from. I think at the beginning of the year bernard capital had zero team members like employee's and we had we had just closed their very first park man a volunteer like intern helpers. And that was me and ryan basically trying to run things Ryan murdoch that is and we basically now have just crossed the thousand unit mark. I think we're like Thousand units We have four fulltime five fulltime staff now and it's been a crazy crazy year by mobile home park so it's been it's been nuts and i feel like i've grown more this year in business like knowledge and ability and business than i'll all other years combined and i wish i could take this year and like maybe i will write a book about it and then sent into the past and the give to myself when i was like twenty one because i just like i learned so much stuff about what it means to run an actual business versus. Just i can do everything. I got my real estate business and i'm going to do it all myself. So it's been a crazy year some anything other than open door capital that you've been focusing obviously your vp at bigger pockets. So you've got that going on but any other business endeavors besides besides those two things. I've been doing a little bit of like affiliate marketing. And what i mean by that if those who are familiar with marketing is where you send people you recommend things. And then the company you recommend gives you a little bit of a kickback. I only do it with companies that i believe firmly in strongly in so for example. I just got some new wall. Stuff from a company called mud-walled check them out but i haven't. I haven't officially put it up yet but this is like a fake wall. I got this real like reclaimed. Wood wall That i'm gonna put up soon. And so they gave me free product in exchange for a shutout And an instagram video. And i'm gonna make so that's been kind of interesting and then a couple more little things like that. I don't what else have i been business. Wise everything else will first off. I just want to say your affiliate marketing idea is really smart. Let's say you get a referral fee from a company like a construction company or someone who sells something and they give you twenty percent because you brought it. Many companies operate at a twenty percent profit margin. You're getting twenty percent without having actually do any of the building of the business. I love affiliate market so a lot of the listeners. There is one business and they refer people to another and there are often regulations and laws to prevent you from profiting. But if you're doing it legally that is a business. Refer business to someone else's business so it's really smart of you to be able to do that. Davies my cheerleader. If you have noticed that and one thing. I think that's really cool about all of this is you're talking about. Just one of the many kind of. I like to call them. Kind of ancillary businesses that spin off of our real estate businesses right is real estate investors. We have so many other opportunities to create multiple streams of income by doing spinoff businesses. So that's really fun. What about you david. What types of things have you been working on and your real estate business or businesses in two thousand twenty so my real estate team had its best year ever and we can get into that in a bit was super awesome. I finally figured out a lot of moving pieces that i was struggling with in twenty twenty a great year and then i started mortgage company. And that's doing really really well as well. I really good as well. Might have been a better way to say that i assume getty kinko's good so mortgage in real estate are obviously very tight together and the success of one is dependent on the success of the other one. So that's been another really good business that i started. I have got into the short term market game some in hawaii looking at those right now. I raise some money for flip projects. I did several of those. That was another source of income for me I wrote a book. That's going to be coming out early next year. But i did the work for that this year and that that is a form of a business and then i also recommend people to a Success coaching sort of a group. Where people who wanna learn business principles to get either. They're investing business off the ground or perhaps a different business that they're running. I'm doing the same thing. Brand is pushing people into that. That's a lot of this so-called. I have a question. Well not even a question. I wanna give you an opportunity because i think your book is now available for preorder show. Let's let's get the name out there. And where can people go to preorder the book. So you can go to bigger pockets dot com slash new books. This is a little like hack for all the listeners. If you wanna see the books that bp's working on the but they're not out yet you can go to bigger pocket dot com slash new books. And you'll find him there. My book is called sold every real estate agents guide to building a profitable business. And it's meant to be the first in a three part series for how new or inexperienced agents can actually make money doing what they're doing and then the next book will be how to make a lot of money as.

brandon david brennan brandon turner david greene brandon david greene bernard capital Ryan murdoch David hawaii turner jay ryan Davies kinko bp