100: Why Brandon Turner Encourages Rookies to "Start Small and Scale"

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 31 July 2021

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

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Summary

Brandon Turner owns a lot of real estate. Some are single-family homes, but much of his portfolio is small and large multifamily properties. Why did he go into this niche and does he see value that many investors simply overlook? Brandon hits on some key aspects of becoming a successful multifamily owner, diving deep into topics like why rookies should start in small multifamily, how to find a mentor and build partnerships, what to do before you jump into multifamily, and looking for value-add opportunities. One piece of advice he is very adamant about is that multifamily isn’t that much harder than single-family. If you already own a single-family rental property, buying a duplex, triplex, or quadplex won’t be that intense of a learning curve for you. If you’re a rookie who has been successful in small multifamily, it may be time for you to start tackling those 10+ unit deals. Brandon also touches on this and shares stories from his fund, Open Door Capital, where they’re pursuing VERY large multifamily deals. Ready to learn more about multifamily investing? Grab The Multifamily Millionaire Volume I and The Multifamily Millionaire Volume II today! In This Episode We Cover How Brandon got his start in real estate and Why multifamily investing rookies should start in small multifamily before transitioning into large multifamily Finding mentors, adding value, and creating partnerships to tackle bigger deals What to do before you dive into multifamily investing Deal analysis and underwriting, plus finding value-add opportunities Where to find small and large multifamily deals (off-market, brokers, MLS, etc.) And So Much More! Links from the Show Real Estate Rookie Youtube Channel Ashley's Instagram Tony's Instagram Real Estate Rookie Facebook Group BiggerPockets Podcast BiggerPockets BiggerPockets Forums Craigslist MLS Zillow Realtor LoopNet Open Door Capital Deal Machine Propstream Check the full show notes here: https://www.biggerpockets.com/rookie100 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Real Estate Rookie, episode 100.
0:08.8	Yeah, so in my opinion, there is almost no difference in difficulty between a single family house,
0:14.1	a duplex, triplex, and fourplex. I guess you have four units versus one, but
0:17.9	it's like a 2% difference in difficulty.
0:20.5	I am Ashley Care and I am here with Tony Robinson and we are so proud today to have
0:31.0	episode 100 of the Real Estate Rookie podcast. This is such a big accomplishment and what's
0:37.6	even cooler like Ashley and I we're looking at the rankings for the podcast before we hop
0:41.5	on today and we were number 29. I think 29ers podcast that 20. That is such a crazy thing for
0:52.6	me, right? Like, you know, to see our name up there with like Dave Ramsey, Gary Vaynerchuk,
0:58.4	Amy Porterfield. Brandon Turner, David Green. Brandon Turner, David Green. It's just so cool to see
1:04.2	the response to the Real Estate Rookie podcast and it just honestly makes me feel that much more
1:09.6	excited to keep this thing going to make it better for the listeners to provide more value.
1:14.4	Yeah, thank you guys so much for listening to us twice a week now and Wednesdays and Saturdays
1:20.5	and we appreciate all of you and love watching you guys on the Facebook group on Instagram and just
1:28.2	all over the place getting your deals done and continuously growing and surpassing me and Tony
1:33.9	and no longer being rookies anymore. So it's been a real honor and so awesome to be a part of this
1:40.0	podcast and hopefully help you guys become the best investors that you can be. So today we have
1:46.0	a very special treat for you guys. We have Jerome Roe, please. Brandon Turner on and this is the
1:55.1	first time we've had him on the Real Estate Rookie episode. We've been saving the best for
1:59.8	episode 100. But today, even if you are not a rookie, you should be listening to this because it
2:06.3	is so awesome to listen to the foundational skills that a rookie real estate investor should have
2:12.4	and sometimes as you go along in your investing career, it is so easy to forget some of those foundations
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