In this episode of the Millionaire Mindcast, we have a huge guest Brandon Turner who shares wisdom and his story on unlocking financial freedom, how quick things really accelerated for him in real estate business from being scrappy, how he gets into the Bigger Pockets, the four levels of leadership mindset, IRR versus stability, tips on creating social media content, and the key to making a billion dollar in real estate!
Brandon Turner is a husband, father of two, an entrepreneur, a real estate investor with 7,400 Units with $650 million AUM, best-selling author with over 1 million copies sold, previous Host of the BiggerPockets Podcast, and Founder and Managing Member of Open Door Capital, a well-capitalized real estate investment firm that helps clients achieve superior risk-adjusted returns through the acquisition of value-add manufactured housing communities,and is financed by accredited investors seeking a combination of strong cash flow and equity growth.
This amazing man became a millionaire at the age of 30, and he was 33 when he had 35 units then. He spent 10 years of podcasting and writing blog posts, and putting in education to achieve growth. This decade of planting creates compound effects and he’s clearly harvesting it now. Brandon admits that he’s not really pretty much good at anything but he’s a good visionary. Having a strong mindset to solve a problem is innate to him. He is really into real estate. He loves the freedom that investing brings. Hence, today, Brandon's goal is to help others find that freedom too through real estate investing education and providing passive investment opportunities with Open Door Capital.
Some Questions I Ask:
Did you ever envision when you first started out in real estate?
What are those four phases that you are mentioning a little bit earlier?
What were you most grateful for about what you learned and who you became in Bigger Pockets and what do you attribute that too?
What’s one thing that you wished you would have done differently while you're with Bigger Pockets?
How do you help someone to get over money objections?
What were one of the two takeaways when you were setting and talking with Ken that really transformed you?
What does your process of making a decision look like?
How do you continue to balance ambition and family life?
What is that alone time and creative time for you look like?
What is that framework and strategy for you when it comes to content creation and distribution?
In This Episode, You Will Learn:
The level one financial freedom: how to achieve it
How Brandon’s get into the Bigger Pockets
The key to making a billion dollars in business
The difference between being a visionary and an integrator
The four levels of leadership mindsets
How to build business with no money
Tricks in social media – a psychology to sell
Quotes:
“There’s nothing wrong with any of these mindsets, but every mindset has a limit.”
“You do not have to progress from the bottom to the top, you can literally choose whatever level you want to start on.”
“The higher you go on those mindset levels, the less you have to work but the more money you make.”
“The amount of equity that you give out being in your company is an inverse relation to your confidence in that business succeeding.”
“Your vision will define how much equity you give out.”
“When your brain is giving moments to just be bored and to rest, that’s when the magic comes out.”
Resources Mentioned:
Real Estate In Your Twenties.com
Heartbeat song by Brandon Turner
The Vivid Vision book by Cameron Herold
The ABCs of Real Estate Investing book by Ken McElroy
Crushing It In Apartments and Commercial Real Estate book by Brian Murray
Traction book by Gino Wickman
Connect with Brandon Turner on:
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