512: From Losing $150k at the Blackjack Table to 7-Figure Profits in Real Estate
BiggerPockets Real Estate Podcast
BiggerPockets
4.8 • 16.5K Ratings
🗓️ 30 September 2021
⏱️ 72 minutes
🧾️ Download transcript
Summary
Back in 2004, Jude Bernard was sitting at a blackjack table in Vegas. This wasn’t his first game of the day, nor his second, or even his third. Jude had been sitting at that blackjack table for thirty hours straight. When the final game ended, he walked away, $150,000 poorer than he started. Jude then found the closest tattoo parlor, walked in, and got the phrase “never again” tattooed on his hand as a testament to his mistake.
Now, Jude runs a rental and flipping empire, settling for no less than seven-figure profits on his fix and flips. He also runs The Brooklyn Bank, a non-profit designed to help economically empower people of color in New York City. Through his earlier gambling mistakes, Jude realized that no matter what, the “house” always wins. So, he searched for a way that he could become the “house” in his environment, and the best way was through real estate investing.
Jude has built a very strong foundation for his real estate investing through taking calculated risks, nurturing his relationships, and letting his fears fuel his fire.
Jude is currently raising money to help the people of Haiti through their most recent natural disaster. Brandon and David have both pledged $5,000 each. To help out, even more, Brandon wants all listeners to know that If you donate $5,000 to The Brooklyn Bank organization, Brandon will host you in Maui! For full details please contact [email protected].
In This Episode We Cover:
Purchasing properties in very expensive markets (like New York City)
Building relationships with everyone you talk to, funneling more deals into your pipeline
Making sure every deal has a seven-figure upside (seriously!)
Using your greatest fears to propel you to the next level
Gambling addiction and the message behind why the “house” always wins
How the Brooklyn Bank is helping build a pathway out of poverty
How you can spend a week with Brandon and help support a great cause
And So Much More!
Links from the Show:
BiggerPockets Podcast 455: Mixtapes to Millions in Real Estate with DJ Envy and Cesar Pina
Check the full show notes here: https://biggerpockets.com/show512
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Transcript
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| 0:00.0 | This is the bigger pockets five cash show 512 and one thing you cannot do is just have a defeat this attitude. |
| 0:07.2 | You know because once you have a defeat this attitude you're defeated. |
| 0:10.7 | Like I will not lose you know at the end of the day I may lose this hand I may lose this round I may lose this battle |
| 0:17.7 | but you know at the end of the day every day when the you know the sum comes up the world reset and I get a second chance until the day that I die. |
| 0:26.4 | You're listening to bigger pockets radio simplifying real estate for investors large and small. |
| 0:33.0 | If you're here looking to learn about real estate investing without all the hype you're in the right place. |
| 0:38.9 | Stay tuned and be sure to join the millions of others who have benefited from bigger pockets dot com. |
| 0:45.0 | You're home for real estate investing online. |
| 0:48.2 | What's going on everyone it's Brandon Turner host of the bigger pockets podcast here with my co host Mr. David jump shot green. |
| 0:55.9 | What's up man. How you doing? Hey, I haven't heard that for a long time but I like that nickname. |
| 1:00.9 | I was going to go with like like 21 green and that'll explain in the show why I would say that but I thought jump shot sounded a little more awesome because I heard you had a kill. |
| 1:10.6 | We talked a little about black Jack we do talk about but what we never talked about was green Jack. |
| 1:15.3 | Is that a thing? That sounds like an alcoholic drink. Come on over my club. We'll get you some green Jack. |
| 1:21.3 | Anyway, today's show is not about green Jack. It's about. It's about black Jack. It's a little bit about basketball. |
| 1:29.3 | It's a whole lot about real estate investing and a whole lot about giving back and financial literacy financial abundance with an amazing guest. |
| 1:38.3 | Okay, next up let's hear from today's show sponsors. |
| 1:42.3 | Real estate investing is one of the best ways to build long term wealth. |
| 1:46.3 | But to be a successful investor you need to know what news and trends to pay attention to and what's just noise. |
| 1:53.3 | I'm Dave Meyer real estate investor and VP of analytics at bigger pockets and in my new show on the market a bigger pockets podcast presented by fun rise. |
| 2:02.3 | We bring you expert perspectives in a digestible format so you can make informed investing decisions and we make it fun. |
| 2:10.3 | I promise you on the market is definitely not another boring news show. |
| 2:15.3 | Each week I chat with a panel of experts about the latest news and trends affecting the real estate investing world. |
... |
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