DiscoverInvestor Cheat Code Podcast with Mike SimmonsFrom Bigger Pockets to a Better Life with Brandon Turner
From Bigger Pockets to a Better Life with Brandon Turner

From Bigger Pockets to a Better Life with Brandon Turner

Update: 2024-05-13
Share

Description

 


  


 


From Bigger Pockets to a Better Life with Brandon Turner


Join us as we dive into the incredible journey of real estate investor and podcaster Brandon Turner. Discover how he went from buying a deal a year to building a portfolio of over 13,000 units, and learn the strategies and mindset shifts that fueled his remarkable success.


Table of Contents



Brandon's Entrepreneurial Awakening


It all started with a realization at Joe Ferrellus' best ever conference in Denver. Surrounded by successful real estate investors, I came face to face with my untapped potential. I was only buying a deal a year, barely scratching the surface of what I could achieve. It hit me that I could build a big business, have a team, and aim for something much bigger.


Surrounding Yourself with the Right People


Surrounding yourself with successful and motivated individuals can have a profound impact on your own success. When I started associating with people who were achieving greater real estate volume, I began to see new possibilities and opportunities for growth. Through engaging with the BiggerPockets podcast and interacting with accomplished investors like Grant Cardone and Chris Clothier, I gained valuable insights into scaling businesses and leveraging resources effectively.


Learning from Successful Individuals



  • Observing individuals who were handling significantly larger real estate portfolios than mine helped me realize that scalability doesn't necessarily equate to working more hours.

  • Engaging with people accomplishing substantial deals highlighted the importance of strategic delegation and building efficient teams.

  • Witnessing others achieve exponential growth while working fewer hours shifted my perspective on the relationship between effort and success.


The Power of Association


By surrounding myself with ambitious and accomplished individuals, I was able to challenge my own limitations and expand my vision of what was achievable. This environment of success and ambition propelled me to surpass my initial goals and achieve remarkable growth in a relatively short period.


Blowing Past a 1,000-Unit Goal


After making the decision to go all in on mobile home park investing, I set a goal to acquire 1,000 units within a year. This ambitious target pushed me to take massive action and think outside the box to achieve rapid growth.


Strategic Acquisition Tactics



  • Implementing creative financing strategies enabled me to acquire properties with minimal capital and maximize returns.

  • Utilizing innovative negotiation techniques allowed me to secure deals that surpassed my initial expectations.

  • Forming strategic partnerships and leveraging my network played a pivotal role in rapidly scaling my portfolio.


Building a High-Performing Team


Assembling a dedicated and skilled team was crucial in managing a large number of properties effectively and ensuring seamless operations. By delegating responsibilities and empowering my team, we were able to surpass the 1,000-unit milestone with remarkable efficiency.


Why Mobile Home Parks?


Investing in mobile home parks offers unique advantages and opportunities that make it an appealing venture for real estate investors. The following factors highlight the reasons behind the strategic choice of mobile home park investments:


Scalability and Efficiency



  • Mobile home park investments provide the potential for rapid scalability and efficient management, allowing investors to oversee a large number of units with relative ease.

  • Operating larger properties can often be more streamlined and manageable, leveraging economies of scale to maximize returns and minimize operational complexities.

  • With the ability to oversee numerous units within a single property, mobile home park investments offer a compelling avenue for achieving substantial growth and profitability.


Strategic Property Selection



  • Choosing mobile home parks in areas with favorable population demographics and strong tenant demand can significantly enhance occupancy rates and overall investment performance.

  • Avoiding properties with potential challenges such as septic tanks and unfavorable landlord regulations in certain states can mitigate operational hurdles and optimize investment outcomes.

  • Focusing on larger mobile home park properties in well-populated areas can offer a more favorable investment landscape, facilitating improved tenant acquisition and retention.


Avoiding Problematic States and Markets


When it comes to real estate investments, avoiding problematic states and markets is crucial for maintaining a streamlined and efficient portfolio. By steering clear of regions with challenging regulations and governmental barriers, investors can mitigate operational hurdles and optimize their investment outcomes.


Strategic Market Selection



  • Choosing markets with favorable landlord regulations and supportive governmental policies can facilitate smoother property management and tenant relations.

  • Avoiding states with stringent eviction processes and prolonged legal procedures can help investors steer clear of potential challenges associated with tenant disputes and occupancy issues.

  • Focusing on markets with a proactive approach to low-income housing support and tenant rights can create a more conducive environment for sustainable and profitable real estate investments.


Transitioning from Biggerpockets to The Better Life Podcast


After my nine-year stint with the BiggerPockets podcast, I made the decision to transition to The Better Life podcast. This shift was driven by my entrepreneurial spirit and the desire to have autonomy over my schedule and endeavors. While BiggerPockets was an invaluable experience, I craved the freedom to chart my own course and explore new opportunities.


Embracing Entrepreneurial Independence


As an entrepreneur at heart, I value the ability to own my time, schedule, and business ventures. The decision to leave BiggerPockets stemmed from my desire to have full ownership and control over my podcasting journey, aligning with my personal and professional aspirations.


The Birth of The Better Life Podcast


The inception of The Better Life podcast was inspired by a song created by my friends, Derek and Mark. Their music, coupled with my ambition to expand beyond real estate, fueled the creation of a platform that delves into a diverse range of topics and interviews. This transition allowed me to broaden my scope and connect with a wider audience while still maintaining a strong focus on real estate.


The Importance of In-Person Podcasting


When it comes to podcasting, the dynamics of in-person recording can significantly enhance the overall experience for both hosts and guests. The physical presence creates a heightened sense of importance and accountability, leading to more profound and authentic conversations.


 


The Devastating Lahaina Fire and its Impact


The Lahaina fire had a devastating impact on the town, resulting in the loss of numerous businesses and homes. The aftermath of the fire left a significant void in the community, with many individuals and families grappling with the repercussions of the destructive blaze.


The Heartbreaking Toll


The fire claimed the lives of approximately 100 people, a tragedy that has deeply affected the entire community. While the outcome was better than initially feared, the loss of lives and the destruction of the town's downtown area remains a poignant reminder of the catastrophic event.


Navigating the Aftermath



  • Despite the devastation, the resilience and unity of the community have been evident as individuals come together to support one another and rebuild what was lost.

  • Efforts to address the aftermath of the fire have been ongoing, with individuals and organizations collaborating to provide aid and assistance to those affect
Comments 
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

From Bigger Pockets to a Better Life with Brandon Turner

From Bigger Pockets to a Better Life with Brandon Turner

Inspiring interviews with today's most successful real estate investors!