BiggerPockets Money Podcast 100: From Financial Disaster to Real Estate Master with Brandon Turner
You probably know Brandon Turner from the BiggerPockets Real Estate Investing podcast. On that show, he sounds like he’s got his life all together. But before he discovered the RIGHT way to do real estate, he made mistakes. LOTS of mistakes.
Today, Brandon shares everything he did wrong - from financing rehabs with a credit card to accumulating six figures in debt on properties he couldn’t sell.
But the most important thing Brandon did was learn from his mistakes. He read Total Money Makeover by Dave Ramsey and put the lessons learned from that book into action, paid off his debt and started living the life he truly wanted.
The episode is for people who’ve made mistakes, who are in debt or struggling to find a path to financial freedom. Brandon shows you that it’s OK to make mistakes, you CAN recover, and the life you want is within your reach.
In This Episode We Cover:
- Brandon's journey with money
- How to learned negotiating from his mother
- The reason his mom bought him a book on how to handle money
- His financial position after college
- How he got a No-Doc loan
- Bought properties to flip and turned them into rental properties
- What hard money loan is
- His rock bottom experience
- Read a hundred books on real estate
- The reason he got into buying rentals
- How he convinced his wife to invest in rental properties
- Started saving money by doing the cash envelope system
- What seller financing is
- How he bought his 24-unit apartment
- The importance of building integrity
- How they met Josh Dorkin
- His balance sheet when he retired
- Brandon's advice on investing
Links:
- BiggerPockets
- BiggerPockets Real Estate Podcast
- BiggerPockets Business Podcast
- BiggerPockets Forums
- The BiggerPockets Book Store
- BiggerPockets Money Podcast 42: How to Invest in Real Estate with Joshua Dorkin & Brandon Turner
- Rental Property Calculator from BiggerPockets
- The Dave Ramsey Show
- Podcast Movement
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