He Makes $1M/Year with “Banned” Short-Term Rentals | Jude Jean Paul Bernard
The BetterLife Podcast: Wealth | Real Estate Investing | Life
Brandon Turner and Cam Cathcart
4.8 • 767 Ratings
🗓️ 6 August 2024
⏱️ 64 minutes
🧾️ Download transcript
Summary
Jude Jean Paul Bernard is a real estate investor, business owner, and philanthropist who’s bought and sold $100 million of property in New York City.
In this episode, Jude shares how he bought his very first property with student loans, then “bet on himself” and went all-in on real estate in one of the most competitive markets on earth. Plus, how he’s crushing it with short-term rentals in a city that famously outlawed them!
Jude also talks about:
- Why getting arrested at age 20 was “the best thing that’s happened to him”
- Quitting his job and an MBA program to become a full-time investor
- Flying to Jamaica to track down a seller and making $1M+ on the deal
- Gambling addiction and losing $140k at the blackjack table
- Finding detail-oriented “doers” to bring his vision to life
- Printing money by turning boarding houses into short-term rentals in NYC
- Founding the Brooklyn Bank to bring financial literacy to the inner city
- The most common fatal mistakes in real estate investing
- Why he’s selling off a large chunk of his portfolio
Books Mentioned:
- Total Recall: My Unbelievably True Life Story by Arnold Schwarzenegger
- Undisputed Truth by Mike Tyson
- The Alchemist by Paulo Coelho
Jude’s charitable cause (100% of ad revenue goes here):
- The Brooklyn Bank, the nonprofit he founded to foster financial literacy in urban communities
Connect with Jude:
LinkedIn: https://www.linkedin.com/in/jude-bernard-15228b61/
Instagram: https://www.instagram.com/mr.judebernard
Connect with us!
Website: https://abetterlife.com/
Instagram: https://www.instagram.com/betterlife/?hl=en
https://www.instagram.com/beardybrandon
🙏 SHOW SPONSORS
• TurboTenant: Market your rental, screen tenants, and collect rent… all in one place! Use the code BRANDON10 to get 10% off upon sign-up at https://go.abetterlife.com/turbotenant_pod Or check out all of their incredible FREE resources for landlords at https://go.abetterlife.com/toolbox_pod
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This show is also brought to you by the BetterLife Tribe. Interested in building wealth without losing your soul? Join us here: https://join.abetterlife.com/tribe
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Trust the process. |
| 0:03.5 | You know, a lot of times we start something and we want to turn back, but, you know, |
| 0:08.9 | you got to see it all the way through because the reward is right there at the end of it. |
| 0:12.8 | And as cliche as it may sound, it's like, it's not the destination, but it's the journey. |
| 0:18.0 | That's what's all about. |
| 0:20.0 | So. Welcome to what's all about. So, |
| 0:27.0 | welcome to the Better Life podcast where we talk about real estate investing, building wealth, and all in all living a better life. My name is Brandon Turner and I've spent my life |
| 0:32.0 | investing in real estate to achieve financial freedom. And alongside my co-host, Mr. Cam Cam Cathcart, we want to help you do the same. |
| 0:40.3 | On this show, you're going to hear from world-class guests who have been handpicked to help |
| 0:45.8 | you level up your investing, your leadership, your goals, your habits, and more to become |
| 0:52.4 | the very best version of yourself. So, join us as we explore the habits, and more to become the very best version of yourself. |
| 0:55.6 | So, join us as we explore the habits, the actions, the beliefs that it takes to build |
| 1:00.6 | wealth through real estate investing without losing your soul. Oh, you're better life. This is the Better Life podcast with Brandon Turner. |
| 1:23.1 | And Cameron Cathcart. |
| 1:24.3 | Cameron, Cathcart, I have a serious question for you. |
| 1:26.5 | Yes, sir. |
| 1:27.2 | Are those hipster glasses real or they fake? |
| 1:30.3 | Are you sure? |
| 1:30.9 | 100%. |
| 1:31.4 | Can I try them on? |
| 1:32.2 | I can show my prescription. |
| 1:33.5 | If you lie to the camera right now, they're completely fake. |
... |
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