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The Intrinsic Value Podcast - The Investor’s Podcast Network

REI090: The Guide to Real Estate Investing w/ Brandon Turner

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 4 October 2021

⏱️ 64 minutes

🧾️ Download transcript

Summary

Robert Leonard talks with Brandon Turner about his backstory on how he started at BiggerPockets, his financing ideas and strategies on multifamily properties, the importance of focus which for him defaults to saying “No,” what continual improvement is and how elite performers use it, what’s next in his real estate journey, and much, much more! IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 11:30 - The backstory of how Brandon started at BiggerPockets. 39:33 - How Brandon has used the strategy of buying a newborn baby a rental property on a 15 or 18-year note and using that as their college fund. 43:27 - What Brandon looks for in real estate partners and what has made them successful and also unsuccessful for him over the years. 47:15 - How to do the “The Stack” strategy, which can help people create a million-dollar net worth in 5 years. 50:49 - What the 7 different types of small multifamily real estate are and which ones make for the best rental properties. 55:02 - How you can quickly and accurately analyze a multifamily investment property, regardless of whether it has two or twenty units. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Get more FREE content from Robert. Read the 9 Key Steps to Effective Personal Financial Management. Brandon Turner’s show BiggerPockets Podcast. Brandon Turner’s new books The Multifamily Millionaire Volume 1 and Volume 2. Brandon Turner’s book The Book on Rental Property Investing. Brandon Turner’s book How to Invest In Real Estate. Real estate education platform BiggerPockets. Grant Sabatier’s book Financial Freedom. Gary John Bishop’s book Do the Work. All of Robert’s favorite books. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Robert: Website | Twitter | Instagram Connect with Brandon: Website | Twitter | Instagram  Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:02.1

I don't know where I'm going half the time, but I'm excited and confident about it.

0:05.5

It generally works out.

0:09.6

On today's show, I talk with a guy that needs no introduction, and that's Brandon Turner.

0:15.7

We chat about his backstory on how he got started at Bigger Pockets, what the stack is, how to use

0:20.7

real estate as a

0:21.6

college fund, the importance of focus, why he defaults to saying no to building new bridges

0:27.6

until another one hits shore, what continual improvement is and how elite performers use it,

0:33.3

and we talk about a bunch more. Brandon Turner is a real estate investor, podcaster, author, entrepreneur, and speaker.

0:40.9

As the host of the Bigger Pockets podcast with over 100 million downloads,

0:45.1

Brandon is widely recognized as one of the foremost experts on real estate investing.

0:50.2

Brandon is also the founder and managing member of Open Door Capital.

0:54.0

I have learned a ton from

0:55.7

Brandon himself, his content, and his books over the years, so it was great to finally sit down

1:01.3

and chat with him. I hope you guys enjoy this conversation as much as I did. Let's dive in.

1:10.1

You're listening to Real Estate Investing by the Investors Podcast Network,

1:14.5

where your host, Robert Leonard, interview successful investors from various real estate investing niches

1:20.4

to help educate you on your real estate investing journey.

1:37.4

Thank you. Hey, everyone. Welcome back to the Real Estate 101 podcast. As always, I'm your host, Robert Leonard. And with me today, I have a special guest, Brandon Turner. Brandon, welcome to the show.

1:43.3

What's up, man? Robert, it's awesome to be here. Thank you for inviting me in. I've had quite a few people in your circle on the show, Brian, Tristan, a couple others, Scott, Mindy. First time you and I have been able to connect, though. I'm looking forward to it. Well, this is going to be a disappointment because those are some rock stars. so I'll see if I can live up to how good they are. A lot of people are familiar with you. But for those who aren't, give us a quick rundown on your background, who you are, what you do. Yeah, so I got into real estate when I was 21-ish. I think it was like late 20s, early 21. I bought this house and with no really planned other than that it was cheaper to buy than rent. And so I bought this little house, almost no money down. It was like an FHA loan, basically. And this is back in 07. And I like rented out the bedrooms. And I was like, this is awesome. And then I is really awesome. And then I was homeless because I sold my

2:34.4

house. And so I bought myself a duplex and I lived in half of that and rented their half out and my new

2:39.0

wife. And man, from there, we just started collecting units. I realized like I could go to law school,

...

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