539: How to Get Your First, Second, or Next Rental Property

17 snips

Dec 2, 2021

Brandon Turner, a multifamily and rental property expert, shares essential strategies for aspiring real estate investors. He discusses overcoming initial roadblocks and emphasizes the power of taking consistent action to secure your first investment. Turner explains why early deals are crucial for building a successful portfolio and provides tips for quickly analyzing rental properties. He also highlights the importance of a sustainable business model and the benefits of utilizing resources like BiggerPockets Pro for smarter investment decisions.

Ask episode

AI Snips

Chapters

Books

Transcript

Episode notes

ADVICE

Build Momentum

Buy your first few properties to build momentum in real estate investing.
Nobody buys three properties and stops, but many never buy any.

INSIGHT

Momentum's Power

The key to success in any endeavor is building momentum.
Initial stages are challenging, leading to many people quitting before experiencing the ease that comes with momentum.

ANECDOTE

Surfing Analogy

Brandon Turner shares his surfing experience, initially struggling but persisting.
He emphasizes pushing through initial challenges to reach a level of enjoyment and proficiency.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

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].

How to Invest In Real Estate

Brandon Turner

So Good They Can't Ignore You

Why Skills Trump Passion in the Quest for Work You Love

Cal Newport

In this book, Cal Newport challenges the conventional wisdom that following one's passion is the key to career happiness. Instead, he argues that passion often follows mastery and that developing valuable skills and expertise is essential for creating work you love. Newport presents four rules: Don't follow your passion, Be so good they can't ignore you, Turn down a promotion, and Think small, act big. He supports his arguments with case studies from various professionals who have found satisfaction in their careers through hard work and skill development.

The Book on Investing in Real Estate with No and Low Money Down

Strategies for Creative Financing

Brandon Turner

Brandon Turner's "The Book on Investing in Real Estate with No and Low Money Down" is a comprehensive guide for aspiring real estate investors with limited capital. The book details various strategies to acquire properties without significant upfront investment, empowering readers to build wealth through creative financing. It covers topics such as wholesaling, lease options, and seller financing, providing practical advice and real-world examples. Turner emphasizes the importance of building skills and developing a strong work ethic alongside financial strategies. The book is a valuable resource for those seeking to enter the real estate market with minimal financial resources.