Brian Murray, investor and best-selling author of three books about multifamily real estate, talks about his investing journey and partnership with Brandon. He shares lessons from a toxic startup culture, the concept of 'F You Money,' creative financing, and owning more stuff complicating life. He also discusses running ultra marathons, spirituality, and his upcoming book dedicated to his grown children.
Brian Murray emphasizes the importance of living below one's means and setting money aside to have the ability to make changes if necessary.
Brian stresses the need to listen to one's inner voice and take calculated risks to pursue personal and professional growth.
Finding purpose and meaning in one's work is more important than solely pursuing financial gains, according to Brian Murray.
Brian highlights the benefits of shared values, shared goals, and the ability to take advantage of opportunities when evaluating partnerships.
Deep dives
Transitioning from Corporate Job to Real Estate Investing
Brian Murray, a successful real estate investor, discusses his transition from a corporate job to real estate investing. He talks about how he made the decision to leave a toxic work environment and pursue a career that aligned with his values and allowed him to have financial independence. He emphasizes the importance of living below one's means and setting money aside to have the ability to make changes if necessary.
The Power of Taking Risks and Following Intuition
Brian shares his journey of taking risks and following his intuition in real estate investing. He highlights the importance of not being hard on oneself and embracing change, even if it means shifting career directions multiple times. He encourages individuals to explore different opportunities and paths, and not to be limited by societal expectations or external pressures. Brian emphasizes the need to listen to one's inner voice and take calculated risks to pursue personal and professional growth.
Living Below Your Means and Finding Purpose in Work
Brian stresses the significance of living below one's means and finding purpose and meaning in one's work. He shares his experience of working in a toxic and high-stress environment that had negative impacts on his health and well-being. He encourages individuals to reevaluate their motivations for seeking material possessions and focus on finding purpose in their work rather than solely pursuing financial gains. Brian suggests finding meaning in one's daily tasks and understanding how it contributes to a larger purpose can lead to greater satisfaction and happiness.
The Impact of Partnerships and Following Opportunities
Brian discusses the importance of partnerships and seizing opportunities. He shares how he met his business partner and how their values aligned, leading to the creation of their successful real estate company. Brian emphasizes the need to trust one's intuition when evaluating partnerships and recognizing complementary skill sets. He highlights the benefits of shared values, shared goals, and the ability to take advantage of opportunities that arise. Brian encourages individuals to be receptive to opportunities and recognize when the universe aligns to present potential collaborations.
Advice to My Younger Self
Focus on personal growth and self-discovery.
The Impact of the Book Project
Writing 'Welcome to My Garden' has been fulfilling and rewarding.
Legacy and Making a Positive Impact
I want to touch people's lives in a positive way and be known as a kind and generous person.
Brian Murray is an investor, best-selling author of three books about multifamily real estate, Co-founder and Key Principal of Open Door Capital, and ultramarathoner.
In this episode, Brian talks about his investing journey from $30,000 teacher salary to $1 Billion assets under management, his partnership with Brandon, embracing long-distance running and spirituality in recent years, and putting his hard-won wisdom into a new book.
-What he learned from working in a toxic startup culture that destroyed his physical and mental health -"F You Money" and walking away from a job that compromises your morals - How he went from schoolteacher to owning offices and apartment buildings - How he turned a poorly-performing asset into a cash cow - Using creative financing early in his career - Writing the world's best-selling self-published real estate book - How to vet potential business partners and the story behind Open Door Capital - Buying a ranch, working with his hands, and living a minimalist lifestyle - Running 50+ miles at a time - How owning more stuff complicates your life - His advice to people who can't figure out what to focus on - His spiritual life and a transformative trip to Nepal - Why he's writing a highly personal book dedicated to his grown children
Brian's Charitable Cause:
Friendly Fields Farm Sanctuary, a rescue and rehabilitation sanctuary for farm animals facing abandonment, neglect, and abuse.
