Real Estate Rookie 100: Why Brandon Turner Encourages Rookies to "Start Small and Scale"
Brandon Turner owns a lot of real estate. Some are single-family homes, but 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?
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.
Ready to learn more about multifamily investing? Grab The Multifamily Millionaire Volume I and The Multifamily Millionaire Volume II today!
In This Episode We Cover
How Brandon got his start in real estate and Why multifamily investing
rookies should start in small multifamily before transitioning into large multifamily
Finding mentors, adding value, and creating partnerships to tackle bigger deals
What to do before you dive into multifamily investing
Deal analysis and underwriting, plus finding value-add opportunities
Where to find small and large multifamily deals (off-market, brokers, MLS, etc.)
And So Much More!
Links from the Show
Real Estate Rookie Youtube Channel
Real Estate Rookie Facebook Group
Check the full show notes here: https://www.biggerpockets.com/rookie100
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