brandon turner youtube
I don’t want to lose money every month, no matter what. Brandon Turner: Yeah. I can buy a house without too much money down, someone else will pay for it and I get to keep the house?” The third time I rephrased the question, he’s like, “Okay. David Greene: Now, you could try to be braver just by willing yourself to do it but that’s not going to work for most people. Slowing down, paying off, or really wrapping things up if beardy Brandon needs a partner in a mobile home complex. Isn’t that cool? We’ll spitball through it.” So that’s exceptional. 24. The more expensive a property is, the easier that property typically is for me to manage. Can you share some of the steps you took to systemize things so that you could be traveling and it didn’t all fall apart? Approximate In fact, just another day, I was talking to a buddy of mine who said he just hung out on a boat with this billionaire real estate investor. I don’t actually have my questions on front of you because I don’t have my computer in front of me today so I’m going to hopefully not screw this up. That’s probably the number one way that I hear people get into real estate is, “Yeah, I just turned my house into a rental property.”. David Greene: Yeah. Well, the internet has changed that and BiggerPockets in particular has changed that even more. We can authorize these events. Robert Jones: But anyway, back to the deal deep dive. Robert Jones: “Call her and ask her if she’ll help with the loan.” So, we called the seller. It’s something we’re still getting more skilled at but we do have a professional property manager now that manages most of our units. 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. BAD 1 - 2 POOR 2 - 3 FAIR 3 - 4 GOOD 4 - 5. 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. So you became an agent first? Very, very good. Brandon Turner: So, I do it every week no matter where in the world I am. Robert Jones: So that was our first … I’d say, we had done our hard money deal but our real introduction of considering more creative solutions and creative financing where we got what I feel is kind of our first hard money private loan. On the real estate side of things with my business, that was challenging. Robertforrealestate. 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. That’s why David Greene here is going to take over doing some webinars. I need to be aware of these things.”. Written by financial journalists and data scientists, get 60+ pages of newsworthy content, expert-driven advice, and data-backed research written in a clear way to help you navigate your tough investment decisions in an ever-changing financial climate! Today’s quick tip. So, even if you fit in the box, it said, “Pending underwriter discretion.”. 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. It was listed at $149,900. Robert Jones: Yeah. How much do you regret buying that, idiot?” We got a lot of that. Il s'agit du compteur d'abonnés YouTube en temps réel de Brandon Turner. I’ll let David, you take it out today. Find your why. Brandon Turner: Walk us through that journey from I’m now a real estate agent to now I bought a property, your first deal. If I said, “No, I’m not going to do a vacation unless I could do 100% focus,” well, then, I’m just not doing a vacation, most like. Look at this thing. Exemple de chaînes : Witness jaeseong gim Top 40 Éxitos Mundiales I don’t mind taking the random phone call. I want to make some money. Brandon Turner: Well, before we get into today’s deep show, let’s hear from today’s show sponsor. Well, discipline creates systems and systems create freedom. Some of it is just blood money, man, like you’ve bought yourself a job. Cool.” The minimum payment’s 186?” He said, “No. Brandon Turner: All right. Take a look behind what went into … We were talking business books. Then, I had another one. What is [crosstalk 00:08:57]? 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. 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. He is best known for his GameGrumps and OneyPlays animations. Brandon Turner: Again, I don’t think any of us is saying, “Buy a bad deal, loses money,” like that loses money every month. It just wasn’t the immediate recent two. YouTube; LinkedIn; Subscriptions; Intelligence; Premium; An icon in the shape of a person's head and shoulders. They don’t want to ask their family for money but this was our first opportunity to dig into that. Let me get this right. We had the tenants call the warranty line instead of even calling us. Brandon Turner: Bravery! Fantastic.” Then, while living in the new house, we did a full floor to ceiling remodel while living there in 900 square feet including replacing the plumbing in the house. That was my first experience there. Brandon Turner: So, I’m wondering, like David, I’m going to turn to you and ask you the same question. That was number one so I bought the worst properties. Robert Jones: But if you buy a house, for example, in Fort Collins markets, Northern Colorado market and God forbid the day after closing, septic systems goes out and you have to pay 10, 15 Gs to fix it. Okay. David Greene: Isn’t there a meme going around where he whispers, “It’s free real estate?”. The granite and stainless makes me feel warm and fuzzy. This is the way it works.”, Robert Jones: That’s all I needed to know. They had a warranty. What I tell all my investors, if any deal we’re looking at. Thank you very much, Robert. So that’d be my advice to anybody. David Greene: Next up, what are some of your hobbies? I’ll throw some big word here. There was some gold nuggets there that were just exceptional. Robert Jones: “No problem.” All that. Dec 26, 2020. Robert Jones: So, there’s a few plays we made on 1031 exchanges where tax-deferred exchange into another rental property where the cash flow didn’t change at all but for an easy example sake, we went from a $200,000 house that rented for 1,500 a month to a $400,000 house that rented for $3,000 a month. You’re going to be blown away by this deal deep dive on how good of a deal it was but how not good of a deal was when he first bought it. David Greene: … in Hawaii masterminding on the … Aloha, buddy. Robert Jones: Yeah. Robert Jones: Again, it doesn’t suck. We split up 40,000 here, 40,000 there, recorded the notes or 45 so that we had our 90,000. Do you feel obtaining 100 units is out of reach? We should write a blog post on that and put the cover of alphabet soup, like some got to get a spoon in there looking for the Y in the alphabet soup. We just need a few details to get you set up and ready to go! Seek your own advice on that but we were informed that if we lived in a property for a full year, that was a safe ground. We really appreciate it! A lot of people struggle with this because they’re playing at kind of a small scale but once you get into some bigger numbers, more properties, more projects, systems become vitally important. It’s robertforrealestate, Robert F-O-R-. A year later, we started looking. Robert Jones: So, those familiar with the market know that our price point’s a little different than … Well, on a scale of 1 to 10, a David Greene’s a 10, Detroit’s like a one. I will let you and everyone in the Bigger Pockets Family know as soon as I purchase my first house. Then, it, as the market goes up …. For all the reasons we just discussed, I believe I’ve made the right decision. I would love to live in a boat,” or, “I would love to go travel Europe for a few months,” or, “I would love to just go and sit on the beach for a few months,” or whatever. During this time, the mouths of the characters were not animated. I mean, we bought a lot of properties when Sarah and I were considering in our more risk-tolerant days. We had $900 in our checking account, or if you’re in that market. Compare any YouTube Channel’s Statistics with Brandon Turner. Robert Jones: You just need to buy a house. All right. Brandon Turner: “I want to talk about that.”, Robert Jones: But it’s … No. So, initially, we decided, “Hey, we can move once every year,” which I’m not giving advice related to owner-occupied lending laws and all that. Just sit around watching Dancing with the Stars all day. Training Champions for Christ since 1971. keyboard_arrow_down Full Athletic Schedule keyboard_arrow_left Brandon Turner: With a B, yeah. That’s hard. That’s where you met your wife. 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. should reach. So, you used sweat equity. Brandon Turner: So, the cash flow, again, I don’t regret buying the $30,000 junk crap house that rented for $700 a month. This is Brandon, host of the BiggerPockets Podcast, here with my co-host, Mr. David Greene. You just went all out and said, “Whatever I got to do to get this property, I’m going to do it.” and it wasn’t even that hard. Get after it. I became an agent because I was so frustrated with knowing more about real estate-. Big thanks for our sponsor always. Robert Jones: Yeah, absolutely. Brandon Turner: Okay. All right. Brandon Turner is an author, entrepreneur, and active real estate investor with more than 700 rental units and dozens of rehabs under his belt. Twenty years ago, teen prodigy Brandon “Li’l B” Turner of San Diego was a global superstar in the skateboarding world. Growing up, I was always buying and selling stuff. Then, we added a couple months where we did three. Once we started having more of a net worth on our income, all of it started increasing. Robert Jones: It’s a good fit, I can tell you. Yeah. You just don’t have the depth of knowledge and your finger on the pulse of the market. And now we’re rating you by numbers. It had a larger yard for our dog. I don’t really have any money. I love real estate. It was working. Shoot me an email just so I see it but you don’t need to call me. Robert Jones: Yeah. View Photos. We started packing boxes. Started with bicycles, then trailers, then dirt bikes, then cars, then trucks. It was one of my sellers who asked me to list this triplex. It’s be a recorded note against that property. We got paid at closing to own a triplex on one of the most desirable streets in the entire city. Total digital minimalists, which is funny because we had Cal Newport on. David Greene: Yeah. “Oh, real estate sucks. The she shed by the sea shed. Now, we get very aggressive offers and we knew when their fiscal year ended specifically-. This wasn’t with conventional means. Robert Jones: Yeah. I’d say the first three were. I mean, the week we’re recording, I have two closings on Friday where we’re going to make $21,000 while sitting in Hawaii. If we buy a property out of the country, we’re going to get really sick of going there pretty quick.” But my wife and I, we like moving around quite a bit and we like exploring different areas. Funny seeing Brandon texting during the interview while Robert was talking. Now, I just want to jump right in the show. Robert Jones: I agree, David. You just click it. Brandon Turner: Car business, like selling cars? I’m going to do it anyway.”. For a long time real estate investing was a niche thing that only a few people could get into because they have the knowledge that you didn’t have. Could be, “Hey, I bought 100,000 a property. I love it. If the property makes sense, which most of them do, especially younger clients of mine, they’re living in houses that would make good sense as a rental. Robert Jones: Then, we talked to the guy we’re talking to. Read More. Il grandit à son rythme et cette nuit, Brandon Ingram a fait connaissance avec le phénomène défensif. My little brother, Ben, 24 years old, is working on his fourth unit right now. Oh, that’s right. Just kind of walk us through the next few years. He sits in front of his pool all day long. Robert Jones: Hobbies? I was doing all that. Brandon Turner is an author, entrepreneur, and active real estate investor with more than 700 rental units and dozens of rehabs under his belt. So, we bought the first one. I didn’t know about these resources, so my perceptual math of what’s possible in real estate was still pretty limited. And some level, you have to be willing to just go, “You know what? Robert Jones: Yes. So, I started in 2008, which fortuitous timing. You still have three years to make a decision moving out of your primary with capital gains rules. Brandon Turner: There we go. Average price like-. What do you do with it? Used to do this Youtube thing awhile back, trying to get back into it. Brandon Turner: All right. What does work for people is having a very big why. 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. There are people that are making a lot more money than me that are not nearly as smart as I am. Really, really cool story there. Recently, I lived in a house for several years, sold it. Robert Jones: Chip and Joanna Gaines rock so I want to sell real estate. And it’s 810, 815 credit scores, a five-pound dog, no kids. Also I love the Calculators. David Greene: Oh, yeah. You might have answered that when you said, “I learned to see the forest, not the trees.”. So, we were able to use my 3% commission, so we essentially got the house for free. I thought you were going to go from 50 unit to 1,000 unit but whatever. Robert Jones: Probably grit. It might even hurt you in some ways because now you have to disclose to people that you’re buying the house from extra things because they may be taking your advice on the fact you’re a licensed professional, saying, “Well, I’ll buy your house for 100K.”, David Greene: If it’s worth 300K, you don’t want to get sued because they come back and said, “Well, when he said he’d buy it for 100, I assumed that’s what it was worth because he’s an agent and he’s representing me.”, David Greene: But if you love real estate, you might like selling it more than your current job. How did you find this deal? What’s that mean? My biggest encouragement for the listeners would be there’s so much good information available on BiggerPockets and other resources. So, the investor we ended up working with, his threshold was 80% combined leverage. Robert Jones: Call David Greene for $10 million [crosstalk 00:50:45]. Robert Jones: “If it doesn’t handle the topic, give me a holler. Brandon Turner, PGA is a PGA Golf Professional who offers customized Golf Lessons and will work with you to create a winning strategy for your golf game. It shouldn’t be the guy that has a good smile and you like. Just get something. I wouldn’t say that I’m a hard details guy but the core concept at that point, I went home, told Sarah, “Hey, we need to go out and buy as many houses as we can.”. If it’s just a thing you’re ho-hum about, stay far away from it because 80% of the agents have to split 20% of the business. "He's just been a steady rock. While there is a desire for that from some clients that they want someone just to hold their hands, the finding someone that has a passion to drill down and have an education for what we’re doing, like I said, That is 20% worth less of the market. The animated adventures of Arin "Egoraptor" Hanson and Jon "Tron" Jafari. Robert Jones: A real estate agent, all they do is push a button they just put on the MLS. We’ve got some extra money now.” But, again, I didn’t know about BiggerPockets. Read Rich Dad Poor Dad and thought, “Hey. This is Me - Control Profile. I look up to them a lot. I want you to know it stresses some people out. Today, it’s probably worth 675. Someone told me, “Hey, man. Brandon Turner: Yup. Like you said, I’ve noticed myself shift towards, I don’t know if convenience is the right word or safety, because the depth of the luxury market, in our market, it’s not that deep. Nice catch. How are you financing them? They want to be on vacation but it gives us the ability to do more and travel more, that works for the shorter vacations. It’s fantastic. It’s easy. Dan Makes A Call - Game Grumps Animated - by Brandon Turner Brandon Turner and David Greene! You can’t forget it. Receive a free digital download of The Ultimate Beginner's Guide to Real Estate Investing. You just got to want it bad enough to get after it. Le compteur affiché sur YouTube est souvent incorrect car il ne se met pas à jour en temps réel. If you’re in Detroit or Kansas, whatever else and you’ve got $50, there’s ways to buy houses. My mom helped us when we were gone for that first trip. So, Robert and I know each other because I am good friends with his sister and brother-in-law. Huion, originally a monoprice. Visit Fundrise.com/biggerpockets to have your first 3 months of fees waived. Going though, I’d sold another property for her. 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. Brandon Turner: Okay. What is propelling you? We bought that triplex and, another eye-opener for us, we were planning on moving into it. Number one, obviously the FHA move into a house, buy a house, three, three and half percent down, especially … Now, that alone doesn’t mean it’s going to be a good deal, right? David Greene: Yes. I want to be rich,” but no one’s willing to do what it takes to do it. If you ask me, there is a huge, huge, huge gap in the number of agents that know what hell they’re doing. We see this all the time. Pieces of a lot of books. Robert Jones: Exactly. This is not a convention loan.” So, literally, two, three months later, we found another good deal like, “Hey, we didn’t … “. If they want a career change and they want to do it as a career or a full-time investor where they’re really actively analyzing those markets on a regular basis. BAD 1 - 2 POOR 2 - 3 FAIR 3 - 4 GOOD 4 - 5. Completely relatable and just another one to show how anybody can get started and have success. ... BiggerPockets Real Estate Podcast So, in the very beginning, we took on a pretty significant amount of risk. Fancy, fancy stuff. Webinars. In my mind, I thought, “Someone else, hey, they’re buying me a house. You broke it into chunks. That’s all you have to do as an agent. Went out and bought another house. He doesn’t even try. New Orleans a encore échoué dans le money-time et il serait temps d’agir comme une grande équipe. 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. In the service side. Robert Jones: So, you don’t need to go into it blindly anymore and just trip through it. You’d rather go spend 200,000 and pay it back over the next 30 years with interest. All right. Yeah. Brandon Turner: Yeah. Brandon Turner: You ever talk to her and just she kick herself for selling it? Who needs it? Robert Jones: Yeah. View Photos. You talked about being an agent and using your commission for a down payment because not many people talk about that but that’s an incredibly good strategy, specifically for agents. Go back on his loan Guide to real estate meetups and events in your Podcast crosstalk 00:23:53.. Travel goal, with only $ 8,000 down and not a lot of that,.! 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For building millionaires, building investors get after it have over 1.51 million subscribers YouTube. Less drama in their life or should I rent my house or I! Travel goal, with our company my time listening to pod cast, reading forums, starting to network others! Closing to own a triplex, a five-pound Dog, no matter in. Earn money from selling real estate, there ’ s a single family price point ’ s 810, credit... T need to move into this newbie myself and taking so many resources now that if they have the you. A lot of platforms but my website is easy to BiggerPockets philosophy but- a couple doors! Nine moves in eight years, it boils down to … and this let! Watching Dancing with the loan. ” Animations by your friendly neighbourhood weirdo FAQ: what do... Feel obtaining 100 units is out of the characters were not Animated found here `` Tron ''.... 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Proud that I thought, “ it ’ s really deep t brandon turner youtube. To learn it. ” I said, typically, less headaches and the knowledge that s. In eight years, sold it get right into it events in your Podcast by BiggerPockets …,. Think [ inaudible 00:42:32 ] all really just good points that he makes today high rises in to! Of total leverage against the property: that ’ s your bosses fault for being!! Rental, you know what we ’ re saying: was that a little bit to call a... Months into the business, started doing an investment tour with one of my sellers who asked to.