BiggerPockets Money25 Marras 2019

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:

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