BiggerPockets Money Podcast

100: From Financial Disaster to Real Estate Master with Brandon Turner

11.25.2019 - By BiggerPocketsPlay

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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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