From 2 Units to 2,000 w/ Multifamily Investor Brandon Turner
ฝัง
- เผยแพร่เมื่อ 1 ก.ค. 2024
- Multifamily investor Brandon Turner owns a lot of real estate. While some are single-family homes, much of his portfolio is small and large multifamily properties. Why did he go into this niche and does he see value that many investors simply overlook? What do multifamily beginners need to know before they start?
Brandon hits on some key aspects of becoming a successful multifamily owner, diving deep into topics like why rookies should start in small multifamily, how to find a mentor and build partnerships, what to do before you jump into multifamily, and looking for value-add opportunities. One piece of advice he is very adamant about is that multifamily isn’t that much harder than single-family. If you already own a single-family rental property, buying a duplex, triplex, or quadplex won’t be that intense of a learning curve for you.
If you’re a rookie who has been successful in small multifamily, it may be time for you to start tackling those 10+ unit deals. Brandon also touches on this and shares stories from his fund, Open Door Capital, where they’re pursuing VERY large multifamily deals.
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Join the Real Estate Rookie Facebook Group:
/ realestaterookie
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Grab The Multifamily Millionaire:
Volume I: store.biggerpockets.com/produ...
Volume II: store.biggerpockets.com/produ...
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Join a Local Real Estate Meetup:
biggerpockets.com/events
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Follow Brandon on Instagram:
@beardybrandon or / beardybrandon
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Follow Ashley and Tony on Instagram:
@wealthfromrentals or / wealthfromrentals
@tonyjrobinson or / tonyjrobinson
Episode 100
Show notes at: www.biggerpockets.com/rookie100
0:00 Intro
3:57 The Multifamily Man Himself!
8:13 Should Rookies Start in Small Multifamily?
13:42 Finding Mentors and Partners
18:45 Managing a Multifamily
27:30 Defining Your Crystal Clear Criteria
32:40 Analyzing Multifamily Deals
37:10 Finding Value-Add Opportunity in MFH
41:32 Finding Multifamily Deals
53:57 Downsides of Multifamily Investing
Brandon really has the appeal of his personality. He makes real estate sound so simple and do-able.
Brandon inspired me to buy my first rental
Brandon monologues for so long, I forgot Ashley and Tony were even there for a good ten minutes or so. 😁
The thing he was talking about at the end was the EGOT
Emmy. Grammy. Oscar. Tony.
I loved this episode especially the analysis portion.
This episode is equivalent to attending a 3-day real estate course! Great content!
i agree 100%..
Thank you all for all the knowledge, I just pre-order 2 books, can't way to get them! Thank you
Amazing episode 🙏🏾
Bigger Pockets has taught me about real estate more than anybody else. it started with buy a book from bigger pockets for 0.99 cents from amazon. Since then i have been a passive listener and active investor. Brandons podcast are simply prolific. I would like to venture into Multi Family. Its time for Graduation :)) A decade of passive listening helped.
When is the audiobook coming out?
Good Word
Very interesting...
I found the opposite with including utilities. I can change more rent while including it all. The sell is to say "You don't have to worry about deposits etc." I do show the lower rent but I show the higher rents and what they include, from nothing included to fully furnished. This can only be done if you have historical data on the utilities.
Repose gray! 😂 That's hilarious. But just so you know Brandon we are moving on to greeneige in 2022.
What is the software Ashley mentioned at 52:28?
Where can i buy his book?
INCLUDE MANAGEMENT IN THE DEAL
I am tired of TH-cam switching my payed service to your videos. You real estate overlords are a plague