107: Scaling to $1B in Real Estate w/ Brandon Turner
Mar 3, 2025
auto_awesome
Brandon Turner, a renowned real estate investor and founder of Open Door Capital, shares his journey in scaling his portfolio to over $1 billion. He dives into effective strategies for entering the market, including house hacking and creative financing. The conversation highlights the importance of mindset, financial readiness, and innovative tactics like Airbnb and midterm rentals in today's high-interest landscape. Turner underscores the significance of education and networking in real estate, inspiring listeners to take action in their investment journeys.
Brandon Turner highlights the concept of house hacking as a low-risk strategy for new investors to generate rental income while living in their properties.
The podcast underscores the necessity of adapting investment strategies to overcome current challenges in the real estate market, such as high interest rates and rising costs.
Both hosts emphasize the significance of cultivating a success-oriented mindset through commitment, continuous learning, and surrounding oneself with like-minded individuals.
Deep dives
The Value of Data Protection
Protecting personal data from hackers is crucial, as compromised data can be sold for profit in the cyber underworld. Companies like McAfee provide essential services to shield users from suspicious texts, malicious emails, and fraudulent websites. The integration of AI-powered technology allows users to detect potential scams almost instantly, enhancing online security. With services like a secure VPN and extensive identity theft protection, individuals can browse safely while safeguarding their sensitive information.
Diverse Perspectives on Wealth Building
The podcast features a discussion between two entrepreneurs, Austin Hankwitz and Robert Croak, offering contrasting perspectives on wealth building. Robert, an experienced entrepreneur, shares insights drawn from decades of business experience, while Austin offers fresh viewpoints as someone still navigating the financial landscape. Their synergy and mutual respect create a dynamic conversation about rich habits in business and finance. Together, they encourage listeners to adopt effective financial practices that resonate with both seasoned and emerging entrepreneurs.
Insights from a Real Estate Expert
Brandon Turner, a prominent figure in real estate education, joins the podcast to share his wealth-building journey in the industry. As the founder of Open Door Capital, he oversees a real estate portfolio exceeding a billion dollars, showcasing his deep knowledge and experience. He emphasizes the importance of not only pursuing wealth but also maintaining personal integrity and a commitment to giving back, particularly in fighting social issues like human trafficking. Turner's journey reflects the blend of financial success with social responsibility, making him a relatable and inspiring figure.
The Concept of House Hacking
Turner discusses the concept of house hacking, where individuals can start their real estate journey by renting out parts of their property to cover costs. This strategy allows new investors to live in their properties while benefitting from rental income, setting a solid foundation for wealth building. He shares practical examples from his personal experience, including purchasing duplexes and triplexes to maximize cash flow. House hacking is presented as a low-risk way for aspiring investors to enter the real estate market and begin building their portfolios.
Navigating Today's Market
The discussion addresses the challenges of investing in real estate amidst high interest rates and rising property costs. Turner suggests creative strategies to identify cash-flowing properties, highlighting the need to look beyond traditional methods and explore alternative investment opportunities. He introduces concepts such as mid-term rentals and co-living arrangements, which can yield higher returns despite the current market conditions. This adaptive approach encourages listeners to think outside the box and remain proactive in seeking profitable real estate ventures.
The Mindset for Success
A core aspect of the conversation revolves around the mindset required for success in real estate and investing. Both hosts emphasize the importance of commitment, continuous learning, and surrounding oneself with like-minded individuals to foster growth. They encourage aspiring investors to take small, consistent steps towards their goals, making incremental progress rather than seeking immediate results. This focus on the process and the importance of persistence resonates throughout the episode, serving as a motivational reminder for listeners to stay dedicated to their financial journeys.
In this week's episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz sit down with Brandon Turner.
You might recognize Brandon from the Bigger Pockets Podcast or the Better Life Podcast. Brandon has scaled his real estate to portfolio to over 15,000 units representing over $1 BILLION.
We hope you enjoy this episode we've recorded with Brandon, no matter where you are in your real estate journey.
---
👉 Listen toThe Rundown podcast by Public! This daily podcast does a wonderful job of keeping you up-to-date on the headlines moving the markets.
---
🔥 If you're serious about investing in 2025, you should be using Public to build your portfolio! No matter the asset class, Public has you covered.