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Wealthy Way

Brandon Turner: Why Real Estate Rentals Are LOUSY Investments?

Wealthy Way

Ryan Pineda

Entrepreneurship, Business

4.92.2K Ratings

🗓️ 7 November 2023

⏱️ 92 minutes

🧾️ Download transcript

Summary

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Don't miss Brandon Turner's captivating insights on real estate challenges in a high-interest rate market, wealth-building strategies, and the importance of embracing discomfort in this must-watch video for those seeking financial and personal growth!
Want to be coached by me on real estate investing? Join our Wealthy Investor program today at https://wealthyinvestor.com/podcast

Check out my collab with Sene here - https://senestudio.com/collections/pineda
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Are you living The Wealthy Way? Take the quiz and get FREE access to the “Wealth Builder Academy” where I go over all the fundamentals of building wealth. https://www.wealthyway.com/

Would you like my team to help build your personal brand? Apply to join Pineda Media at https://pinedamedia.com/podcast

Looking to grow in your faith and business? Join Wealthy Kingdom today https://wealthyway.co/dyy

Create your business to grow your revenue, scale your organization, and make an impact with help from Wealthy Business! Apply here https://wealthyway.co/50d

Want to partner with me to supercharge your business? Apply at https://www.pinedapartners.com/

You can invest in my real estate deals! Go to https://pinedacapital.com 
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Connect with Brandon!
YouTube -   @BetterLifePodcast   
Instagram - https://www.instagram.com/beardybrandon/

Brandon Turner, the founder of Opendoor Capital and host of the Better Life podcast, joins the discussion. Brandon shares insights into the challenges of speaking at events while living in Maui. He discusses the Lahaina fire's impact and the subsequent formation of the Lahaina foundation to aid in recovery, emphasizing the importance of reviewing insurance policies.

The conversation shifts to the changing landscape of real estate, with high interest rates making profitable property investment more challenging. Brandon highlights the need for real estate investors to continuously monitor market and economic trends for strategic shifts.

They delve into the concept that life goals should dictate asset management. The decision to pay off a house depends on whether you prioritize wealth accumulation or family security.

Brandon underlines the survival tactic of house hacking, emphasizing its practicality for millionaires living in million-dollar homes

Learn how to invest in real estate with the Cashflow 2.0 System! Your business in a box with 1:1 coaching, motivated seller leads, & softwares. https://www.wealthyinvestor.com/

Want to work 1:1 with Ryan Pineda? Apply at ryanpineda.com

Join our FREE community, weekly calls, and bible studies for Christian entrepreneurs and business people. https://tentmakers.us/

Want to grow your business and network with elite entrepreneurs on world-class golf courses? Apply now to join Mastermind19 – Ryan Pineda’s private golf mastermind for high-level founders and dealmakers. www.mastermind19.com
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About Ryan Pineda:

Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.

Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.





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Transcript

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0:00.0

If the goal of life is to get as rich as possible, there are certain rules that make sense.

0:04.8

Don't pay your house off.

0:05.8

Maximize.

0:07.8

Real estate rentals were a business back in 2010, 12 it is not a business anymore there's no room for

0:16.8

mediocrity in real estate either you're great or you're out what do you see as

0:20.8

the thing right now what Well, my plan now, we're going all in on this.

0:27.6

What up wealth builders today?

0:29.4

This man just happened to walk into my office

0:31.4

and I'm like, well, well dude we got to do another

0:32.6

podcast because everyone loves this guy he is the owner and founder of

0:39.2

open door capital where they're managing over a billion dollars of real estate assets.

0:43.8

He is the former host of the BiggerPockets podcast, now the host of the Better Life

0:48.0

Podcast, which we had a great episode on recently, and I've got none of the then my good buddy Brandon Turner.

0:53.6

What's up?

0:54.6

What's up man? Thanks for having me back.

0:55.6

Yeah, dude.

0:56.6

I feel like we were.

0:57.6

Last time though was in short shorts.

0:59.6

Yeah.

1:00.6

And so this time I brought jeans.

1:01.6

I not only did I bring jeans, I brought your jeans.

1:04.4

Oh, those are my jeans, dude, I said this before,

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