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.
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House Hacking
House hack your first property using an FHA loan for a low down payment.
Buy a duplex or quadplex, live in one unit, and rent out the others to cover costs.
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Maui House Hack
Brandon Turner currently house hacks his $4 million Maui triplex.
He rents out one unit, demonstrating that house hacking works at any price point.
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House Hacking for Beginners
House hacking offers training wheels for real estate investors.
FHA loans allow low down payments, enabling live-in landlords to reduce costs and build equity.
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The Lean Startup introduces a revolutionary approach to building and scaling businesses, emphasizing continuous innovation, customer feedback, and scientific experimentation. Eric Ries defines a startup as an organization dedicated to creating something new under conditions of extreme uncertainty. The book advocates for 'validated learning,' rapid experimentation, and the Build-Measure-Learn feedback loop to shorten product development cycles and measure actual progress. It also stresses the importance of pivoting or persevering based on data and customer needs, making it an essential read for anyone involved in starting or growing a business[1][2][5].
Everything Is Figureoutable
Marie Forleo
In 'Everything Is Figureoutable,' Marie Forleo shares her philosophy that any problem or obstacle can be overcome with the right mindset. The book is rooted in her childhood experiences with her mother, who embodied the idea that anything can be figured out with determination and hard work. Forleo provides guidance on how to deal with criticism, imposter syndrome, and failure, and emphasizes the importance of progress over perfection. She also offers strategies for overcoming common excuses such as lack of time and money, and encourages readers to take action to achieve their goals. The book is praised for its optimistic and practical approach to personal and professional growth[2][3][4].
Rich Dad Poor Dad
What the Rich Teach Their Kids about Money - That the Poor and the Middle Class Do Not
C.P.A. Sharon L. Lechter
Robert Kiyosaki
The book tells the story of Robert Kiyosaki's two fathers: his 'poor dad,' a highly educated but fiscally poor man, and his 'rich dad,' the father of his best friend who was a successful entrepreneur. It emphasizes the importance of financial education, distinguishing between assets and liabilities, and building wealth through investing in assets such as real estate and businesses. Kiyosaki argues that a good education and a secure job are not guarantees for financial success and provides practical lessons on how to make money work for you rather than working for money[1][3][5].
The Whole30
The 30-Day Guide to Total Health and Food Freedom
Melissa Hartwig
Dallas Hartwig
The Whole30 is a step-by-step guide to transforming health and food habits. The program, created by Dallas and Melissa Hartwig, focuses on eliminating unhealthy foods such as sugar, grains, legumes, and dairy for 30 days. It provides detailed guidelines, over 100 recipes, and resources to help participants navigate the program successfully. The book includes tips on meal preparation, grocery shopping, eating out, and reintroducing foods after the 30-day period. It aims to create a lifestyle shift rather than a quick-fix diet, helping participants improve their energy levels, sleep quality, mood, and overall health[1][3][5].
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.
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