View Photos. Today, all those properties are worth over a billion dollars. We’ve got a property which was our first experience with methamphetamine. Brandon Turner: Yeah. “Oh, real estate sucks. You gave such a-. What does work for people is having a very big why. Deal deep drive. And some level, you have to be willing to just go, “You know what? Robert Jones: “Call her and ask her if she’ll help with the loan.” So, we called the seller. The animated adventures of Arin "Egoraptor" Hanson and Jon "Tron" Jafari. Some of it is just blood money, man, like you’ve bought yourself a job. Brandon Turner: A lot of people ask me that question. He owned a condo in Windsor that for a season, like five years, it lost $200 a month. Users Recent Video Featured Video Brandon Turner. All right. Brandon Turner YouTube Channel Analysis & Subscriber Growth Statistics. He is a nationally recognized leader in the real estate education space and has taught millions of people how to find, finance, and manage real estate investments. An icon in the shape of a person's head and shoulders. So, our cash flow, we’re about just over $10,000 a month right now net. Went out and bought another house. Create an account today to get BiggerPocket's best blog articles delivered to your inbox. If it doesn’t make sense without this icing on the cake, we probably shouldn’t buy it, but having that icing on the cake, the icing’s really thick. You’ll also love his tips for creating systems so he can travel while making money and identifying the qualities of a good agent. Robert Jones: Probably grit. Robert Jones: I can do voiceover Brian. If you’re in Detroit or Kansas, whatever else and you’ve got $50, there’s ways to buy houses. You don’t have to stay here. Robert Jones: Yeah. Now, there is no excuse for why you’re not investing in real estate or growing your wealth through real estate because the information is out there and the knowledge is available. Brandon Turner: All right. "Brandon's toughness, his consistency and then just the resiliency that he shows dealing with that injury early in the year, being able to come back," said offensive coordinator Scott Turner. Using a phrase of random words (like: By signing up, you indicate that you agree to the, BiggerPockets Podcast 280: The Key to Making Great Deals (Hint: Overlooked Properties!) Dec 26, 2020. Total digital minimalists, which is funny because we had Cal Newport on. Now, did we pay a few more bucks for some of those things? So, I would personally, this is again where I’m at in my … Earlier on, I want a cash flow above everything because I needed to get out of my job. This thing leases a thousand dollars a month.” So, it didn’t pan out just looking at just by the numbers in a calculator at all but seeing the bigger picture, it’s our favorite property. He calls is the stack. Robert Jones: And about four and a half million in equity now, which, you guys talked a few months ago about I definitely will … Yeah, we got lucky in the timing of the market. So, that is my absolutely first and foremost advice. Robert Jones: Hey. I’m going to do it anyway. Great tips, taking a lot of notes on this one, Hi Brandon, Dec 30, 2020. Brandon Turner: “I want to talk about that.”, Robert Jones: But it’s … No. Get exclusive, free bonus content and free shipping with every purchase, including bestselling books like The Book on Rental Property Investing. I don’t have bad maintenance concerns there but a little bit. Brandon Turner: Well, before we get into today’s deep show, let’s hear from today’s show sponsor. Once we started having more of a net worth on our income, all of it started increasing. And I don’t know. Be brave. Then, a whole year later, you go from a house to a duplex. All. So, we did a 30-year fixed, 100% financed triplex at 4.75. I thought, “Well, crap. Being in this business, if it allows us to travel more, I manage a lot of my business remotely if we are traveling for a week, 10 days. David Greene: That’s a really good question. What I tell all my investors, if any deal we’re looking at. They make three, four, five, six, 700,000 a year where at your entry level, your Section 8 and all that, it’s just different. Skip to content Search. I think you guys are going to love it. Robert Jones: So, there’s more leniency there now, too, compared to a few years ago. I was like, “Let me try this again. That was the days if literally you had a pulse, you could get a loan. I like that story a lot. Get after it. Rush, you’re going to skip the fire round because I don’t have any fire round questions because I don’t have a computer in front of me today and those are the ones from the forum, so we’re just going to bypass that completely and jump right into the famous four. Last question from me. David Greene: The reason that I can take over webinars and Jake can take over webinars is because you systemize what you do. Instead of having to do this over 10 deals, you did it over one deal. Brandon Turner: All right. Robert Jones: … I think we probably can figure it out. I mean, we love it. Brandon Turner: I’m doing good. Robert Jones: This is a legitimate investment loan. Well, if you’re that guy like us, the first rentals, join the real estate and a company, mind you, that the desk fee’s … Well, with an office, 37,000 a year desk fee. Robert, this has been fantastic. So, for those who have not heard the stack, basically what it is is your idea, when you’re first getting started, you buy a house, like a single family house maybe or maybe a duplex, whatever. We refied about seven of them onto 15-year notes in efforts to try to achieve some of these goals to retire or long sabbatical, quite young. Bryant McNeill from Trenton NJ, I just became a Pro Member on Bigger Pockets. We needed to come up, then shift it to an investor loan so we needed $90,000 in three days because the seller had a higher offer. In over ways, the headaches and the challenges. Brandon Turner is an active real estate investor, entrepreneur, writer, and co-host of the BiggerPockets Podcast. This is Me - Control Profile. Never Split the Difference, Chris Voss recently. She doesn’t qualify the ratios.” I’m like, “Okay.” I said, “How much is it?” “$186.” I was like, “Okay. So, in Fort Collins. So, we told them. So, Robert and I know each other because I am good friends with his sister and brother-in-law. My most irritating tenants are the ones that are in my $30,000 houses. Where were we? It’s a completely separate machine. So, I can say, over the years, our risk tolerance personally and when I say our or we, it’s my wife Sarah and I who own all the properties. Yeah. Him and Morgan [Moses] playing on that right side together -- obviously, Morgan moved over to left tackle for the Dallas game. David Greene: Right. Twenty years ago, teen prodigy Brandon “Li’l B” Turner of San Diego was a global superstar in the skateboarding world. And the guy’s advice, basically, what he said was starting in the 70s and 80s, I just read a book that said, “Location, location, location.” I read one book and I was like, “All right. Visit Fundrise.com/biggerpockets to have your first 3 months of fees waived. David Greene: It sounded like it might have put a [crosstalk 01:09:24]. You did not buy an investment. We were stoked because we got into a cool property on one of the most desirable streets in Fort Collins. All right. I love how real Robert is about being a newbie and learning as you go. Report abuse. We’ve got a lot of young guys that are … I’ve got a buddy that owns 11 doors, another one with six, another one with eight. "Quality" Animations by your friendly neighbourhood weirdo FAQ: What program do you use? So, I’m just going to buy in good location.” He’s like, “I just kept buying properties in the best locations around the country I could find.” I don’t remember what he did. On the real estate side of things, it’s a function of two things. I don’t mind taking the random phone call. We’re not going to call you back.” Now, we did communicate via email but our financial prudence pulls as far as frugality and just making sure things are handled appropriately. And, like you said, typically, less headaches and the applications on the 3,500 a month are just bonkers. Just get something. I don’t know if it’s impressive or dirty but one of the two. You’re great at making deals. You can’t forget it. Very good. We got paid at closing to own a triplex on one of the most desirable streets in the entire city. David Greene: I have a couple questions I can ask, if that’s all right. But we are talking about all things … He talks about how he put together some no-money-down or low-money-down deals using something called cross-collateralization. Brandon Turner: I’m the marketer because then we can sell it for $20 and make $5 a t-shirt. It was not her favorite three months of the year but again, we only owned six properties at that point, five or six properties amounting to probably 10 doors. I mean, I’m assuming I know the answer but let me go a little deeper. I can buy houses. So, we bought other single family home, lived there literally 12 months and a day, started looking for another one. And David’s here on the camera, being awesome. That’s funny. She was only getting, combined, about 1,500 a month in rents. Le compteur de ce site web est extrait directement de l'API de YouTube et est aussi précis que possible. Which is crazy for the Midwest. So, we talked to one lender. It prints money. Thanks bigger pockets!! That bottom 80%, they don’t do hardly anything and it’s really hard. The Book on Rental Property Investing: Brandon Turner. Verified Purchase. You got to pay your broker and all the other stuff. So you became an agent first? 13 people found this helpful. We’d hit up the Chili’s like once a quarter, share a meal, have water. You just got to want it bad enough to get after it. David Greene: Yes. Brandon Turner: I guess. Robert Jones: Our cash flow, I still question whether we made the right decision. ), http://traffic.libsyn.com/bpradio/bpp-336.mp3, BiggerPockets Podcast 431: How to Make Trade-offs in Your Life (Before Others Do it For You) with Greg McKeown, BiggerPockets Podcast 430: Best of 2020: Brandon and David’s Favorite Pieces of Advice from 2020 Guests, BiggerPockets Podcast 429: Pursuing Self-Sovereignty and Why Life is More Meaningful When It’s Hard with Ryan Michler, BiggerPockets Podcast 428: Using Simple Conversations to Get Deals Others Can’t with Investor Rodney Ross, “We want the number to make sense without appreciation in the spreadsheet.” (, “Cash flow gives you freedom but appreciation gives you wealth.” (. I mean wealth of information. If you’re interested in learning more about Self-Storage investing, please check out our blog: selfstorageincome.com While in college for history, Brandon rented out some rooms in his apartment to make some extra money and that’s how he got started. I mean, we bought a lot of properties when Sarah and I were considering in our more risk-tolerant days. Funny. Maybe it looks more like one, five, 10, 50, 1,000. It’s like everyone’s all sitting in my office here. Let me get this right. Learn how to be the best landlord you can be with Cozy's resources and educational tools. I’ve seen it. Do it, anyway. I wanted to dig in on that a little bit. Brandon Turner and David Greene! That’d be great. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investo... Real strategies that work for real people seeking to build wealth through real estate investments. David Greene: But I wanted to ask how are you avoiding over-leveraging or the people that want to ask the question of, “Well, if you just buy a house every single year for the rest of your life, what if you get too many of them? I like that find a why. What motivates me? So, I’m pumped. That’s all you have to do as an agent. Not that Colorado’s the Midwest but it kind of … When I think originally, before I knew Denver prices, I thought Denver and Oklahoma City and Kansas City, they’re all the same, but Denver is so much different, which again, just is more evidence why it’s so important to know your market and not just rely on just general things but why is that Denver and the surrounding metro area, why is that so crazy [inaudible 00:09:36]? Reviewed in the United Kingdom on January 20, 2019 . Now, I just want to jump right in the show. Robert Jones: So, you don’t need to go into it blindly anymore and just trip through it. Menu. Robert Jones: I like big beards. So, how’d you survive that? That’s just definitely a shift that I’ve had in the last few years. Brandon Turner: There we go. I’ll throw some big word here. That’s why you’re the marketer. Everyone, don’t get caught up in the actual specifics here but then an eightplex the year after, 16, 32, 64. Read more. Il grandit à son rythme et cette nuit, Brandon Ingram a fait connaissance avec le phénomène défensif. Thank you very much for joining me in the sea shed. That’s climbing quite a bit. In the last five months, we bought three more. So, in real estate or otherwise, our risk tolerance has changed significantly. He bought a house while in college, with only $8,000 down and not a lot in the bank. I’m not overpaying for a property.”, Brandon Turner: “I’m not overpaying for property.”. In the service side. We had the tenants call the warranty line instead of even calling us. Robert Jones: Just rents compared to mortgage. Brandon Turner: She said she’ll help, yeah. Their high-tech, low-cost online platform lets you track the progress of every single project, and keep more of the money you make. 180.6k Followers, 764 Following, 1,813 Posts - See Instagram photos and videos from Brandon Turner (@beardybrandon) Robert Jones: And really, just to shut him up, I went and had lunch with real estate legend, Larry Kendall, the founder of the group Real Estate. Brandon Turner: We can [crosstalk 01:13:16]. We’ve got some extra money now.” But, again, I didn’t know about BiggerPockets. If they have the fortitude and the personality type that it’s going to work well. It was one of my sellers who asked me to list this triplex. Brandon Turner, Investor, Maui, HI - BiggerPockets Profile. Brandon Turner: Bravery! Entrepreneur, author and podcaster famous for serving as the host of the BiggerPockets Podcast, which became the top-rated real estate podcast on iTunes. BiggerPockets Real Estate Podcast BiggerPockets Money Podcast BiggerPockets Business Podcast Real Estate Rookie Podcast Daily Podcast (Audio Blog) Brandon Turner, 30 Orlando, FL. Robert Jones: Yeah. YouTube; LinkedIn; Subscriptions; Intelligence; Premium; An icon in the shape of a person's head and shoulders. Here’s a formula.” Now, we can practice within that formula and so we’re good.” Then, you’re like, okay. Jan 02, 2021. We bought another fourplex and then we bought a few more after that. And it’s 810, 815 credit scores, a five-pound dog, no kids. Brandon Turner: Today, I would rather get significantly less cash flow but buy in a market where I can spend way more, like have a way more expensive property and have a way more chance for appreciation. Brandon Turner: Now, if you’ve already bought the house, that was really hard to buy the house when you’re getting started. Brandon Turner is an active real estate investor, entrepreneur, writer, and co-host of the BiggerPockets Podcast. Colin Davey. If they don’t qualify, we don’t want them to buy the house because that’ll be a pain and the deal probably won’t close.”, Robert Jones: So, by about the third or fourth time she said that and one of my partners said, “Hey, man. So, systems create freedom, right? I need to be aware of these things.”. David Greene: Oh, it’s beautiful out here. “Should I rent my house or should I sell it?” I like to say, “Yeah. I want to make some money. Robert Jones: Appliances and counters, yeah. So, some of that, there’s value in that. Brandon Turner: Was that a coconut just fell? Cozy helps you and your tenants to stay on the same page. Brandon Turner: So, yeah. Then, the next year, a whole year later, you buy a fourplex or maybe two duplexes, whatever. Said, “Hey, smart people will buy a house.” So, bought my first house when I was 20 before I got in real estate. It’s okay. David Greene: I think I love about your story the most that you just said is you made so much equity on each of these deals, even though you did what some people would say, what an amateur would look at as overpaying. She was our go-to. Shower at the gym, peed in a bucket. We’re going to have to cut this thing open later. How do you invest in an expensive market? Robert Jones: There was no rules telling us we had to stay for an owner-occupied loan. Oh, yeah. Brandon Turner: Walk us through that journey from I’m now a real estate agent to now I bought a property, your first deal. Every single one. Robert Jones: So, if we flood the market with too many high-end rentals, we’re going to bring everything down but there is value. They’re like perfect digital minimalists. What’s going on, everyone? Brandon Turner: And if people are wondering what that means about the capital gains thing, I’ll explain that real quick. Robert Jones: For Mindset is very good. Last question. The granite and stainless makes me feel warm and fuzzy. Huion, originally a monoprice. Any emergency, whether you’re handling or someone else, if there’s a fire or flood, it has to be handled. So that’d be my advice to anybody. Robert Jones: Yeah. So, we at the immediate moment, we’ve got 16 properties, 26 doors which in our market, our price point. Brandon Turner: With a B, yeah. That’s why we always talk about it. I’d even argue the agents are selling five, six homes a year. If your why’s big enough, I think you’ll find out how. Then, it, as the market goes up …. That’s kind of why I’m growing my team is because I’ve all these people that come to me and they say, “Hey, David. I’m not okay with that.”, Robert Jones: So, the risk-tolerant standpoint was part of it. But I would almost take a break-even property in Maui over a property that made $500 a month in Grace Harbor, Washington where I was at before because that one property, it’s not going to be worth anything later on but I’d rather, if I get truly net actually breakeven on a property here, means after maintenance, repairs, property management, all that, that I at least know the mortgage is getting paid down. Brandon Turner: Yeah. So, two months later, we moved into that one. We don’t have partners outside of our marriage. Robert Jones: … through a national builder and we knew when they had to get units out the door and got two for $75,000 off, two days before the end of their fiscal year and they had to post numbers so having that extra depth of knowledge but still, they were brand new homes. , not just a couple years at a cusp again where we did a 30-year fixed, %. During this time, the first one, what was available in that about 425 right now net place! 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That two year thing because I lived in a bucket my mother Stacy was a,. I think we probably can figure it out today today to get out of t-shirts! Just this year, a marketing team and all that sucker, dude. ” so that ’ s probably it. To BiggerPockets philosophy but- “ Okay. ” 917 thousand and have success issues share! Que possible our average single family home in the entire city Gaines rock so I it. The beginning, we ’ re great at selling things a job risk tolerance has changed significantly did that same.