50 min

The Biggest Opportunities in Real Estate with BiggerPocket’s Brandon Turner AKA Beardy Brandon | EP69 Working Capital The Real Estate Podcast

    • Investing

Brandon Turner is an Active Real Estate Investor, Entrepreneur, Writer, and Podcaster. He is a Nationally Recognised Leader in the Real Estate Education Space and Has Taught Millions of People how to Find, Finance, and Manage Real Estate Investments. Brandon is about to Release “The Multifamily Millionaire” Volume 1 and Volume 2

 In this episode we talked about:

Regulations and Lockdown: NYC vs Hawaii
The process of Underwriting Deals
Asset Class Comparison
How Deals are Structured
Specifics of Mobile Homes
Scaling a portfolio
Macroeconomic Trends
Raising Capital for Private Equity Deals
Selling the Fund
“Multifamily Millionaire” book
The Investment Philosophy of Open Door Capital Useful links:
https://store.biggerpockets.com/products/the-multifamily-millionaire-volume-i
Transcriptions:
Speaker 0 (0s): Welcome to the working capital real estate podcast. My name is Jesper galley. And on this show, we discuss all things real estate with investors and experts in a variety of industries that impact real estate. Whether you're looking at your first investment or raising your first fund, join me and let's build that portfolio one square foot at a time. All right guys and gals, my name's Jennifer galley, and you're listening to working capital the real estate podcasts. We have a returning guest on the show, Brandon Turner. He was our first guests ever on the podcast.

Brandon holds a lot of titles. He's an investor. He's a, one of those VPs that BiggerPockets, and most recently he is about to release the multifamily millionaire and brand of correct me if I'm wrong. That's volume one and volume two. That

Speaker 1 (49s): Is correct. That's all. That's a great introduction, man. Look well done. Well done.

Speaker 0 (53s): I appreciate it, man. Well, it's good to, it's good to talk to you. It's it's crazy to think that, oh man, what has it been? It's almost 70 episodes now. So a year and yeah, you're in change and change quite some time. You know, nothing's really happened in the world over the last a year and a half. So

Speaker 1 (1m 9s): It's been a pretty, pretty lame couple of years here. Nothing's happened in the world. So I don't really talk about today.

Speaker 0 (1m 14s): Yeah. Real quiet. Well, yeah, listen, thank you. As a, as always for, you know, giving your time here. I know it's always nice to talk to you. Catch up, see what's going on in your world and, and talk real estate. So maybe on, you know, on that note, it has been a urine change. How how's everything been going with you? I guess first and foremost, you know, you, the family, everybody's all good. Yeah. It's been

Speaker 1 (1m 38s): A weird year. I mean, Hawaii was like kind of like, you'd go to the beach. I live in Maui for those who didn't know that, but I go to the beach and it was like empty. Like, you'd be the only one on the beach. And we went from that to now you go to the beach and there's people sitting on you like everywhere you go. So it was such a stark drastic change. So yeah, life has been weird. A real estate stuff has been nuts. I don't remember exactly what I had when I was on last time. But in the last 18 months, roughly we've picked up a, what is it like 10 or 12, large mobile home parks. We have 1700 units now that we bought in the last year.

We have another 1800 under contract right now. So it'll be at 3,500 by the end of this year, which has been wow. Crazy. Yeah. I don't want from zero employees to, I think, 13 now. So it's been a, it's been a growth year and a half. I love the

Speaker 0 (2m 24s): Unbanked up. Just, just pick up, I'm going to pick up some milk after this. That was

Speaker 1 (2m 28s): A milk and some mobile home parks and a couple apartment complexes down in, you know, in, in, in Houston and you know, whatever. Very cool. Cool.

Speaker 0 (2m 36s): So before we jump into that, cause I want to talk, talk about that and you know, some of the details there in, we talke

Brandon Turner is an Active Real Estate Investor, Entrepreneur, Writer, and Podcaster. He is a Nationally Recognised Leader in the Real Estate Education Space and Has Taught Millions of People how to Find, Finance, and Manage Real Estate Investments. Brandon is about to Release “The Multifamily Millionaire” Volume 1 and Volume 2

 In this episode we talked about:

Regulations and Lockdown: NYC vs Hawaii
The process of Underwriting Deals
Asset Class Comparison
How Deals are Structured
Specifics of Mobile Homes
Scaling a portfolio
Macroeconomic Trends
Raising Capital for Private Equity Deals
Selling the Fund
“Multifamily Millionaire” book
The Investment Philosophy of Open Door Capital Useful links:
https://store.biggerpockets.com/products/the-multifamily-millionaire-volume-i
Transcriptions:
Speaker 0 (0s): Welcome to the working capital real estate podcast. My name is Jesper galley. And on this show, we discuss all things real estate with investors and experts in a variety of industries that impact real estate. Whether you're looking at your first investment or raising your first fund, join me and let's build that portfolio one square foot at a time. All right guys and gals, my name's Jennifer galley, and you're listening to working capital the real estate podcasts. We have a returning guest on the show, Brandon Turner. He was our first guests ever on the podcast.

Brandon holds a lot of titles. He's an investor. He's a, one of those VPs that BiggerPockets, and most recently he is about to release the multifamily millionaire and brand of correct me if I'm wrong. That's volume one and volume two. That

Speaker 1 (49s): Is correct. That's all. That's a great introduction, man. Look well done. Well done.

Speaker 0 (53s): I appreciate it, man. Well, it's good to, it's good to talk to you. It's it's crazy to think that, oh man, what has it been? It's almost 70 episodes now. So a year and yeah, you're in change and change quite some time. You know, nothing's really happened in the world over the last a year and a half. So

Speaker 1 (1m 9s): It's been a pretty, pretty lame couple of years here. Nothing's happened in the world. So I don't really talk about today.

Speaker 0 (1m 14s): Yeah. Real quiet. Well, yeah, listen, thank you. As a, as always for, you know, giving your time here. I know it's always nice to talk to you. Catch up, see what's going on in your world and, and talk real estate. So maybe on, you know, on that note, it has been a urine change. How how's everything been going with you? I guess first and foremost, you know, you, the family, everybody's all good. Yeah. It's been

Speaker 1 (1m 38s): A weird year. I mean, Hawaii was like kind of like, you'd go to the beach. I live in Maui for those who didn't know that, but I go to the beach and it was like empty. Like, you'd be the only one on the beach. And we went from that to now you go to the beach and there's people sitting on you like everywhere you go. So it was such a stark drastic change. So yeah, life has been weird. A real estate stuff has been nuts. I don't remember exactly what I had when I was on last time. But in the last 18 months, roughly we've picked up a, what is it like 10 or 12, large mobile home parks. We have 1700 units now that we bought in the last year.

We have another 1800 under contract right now. So it'll be at 3,500 by the end of this year, which has been wow. Crazy. Yeah. I don't want from zero employees to, I think, 13 now. So it's been a, it's been a growth year and a half. I love the

Speaker 0 (2m 24s): Unbanked up. Just, just pick up, I'm going to pick up some milk after this. That was

Speaker 1 (2m 28s): A milk and some mobile home parks and a couple apartment complexes down in, you know, in, in, in Houston and you know, whatever. Very cool. Cool.

Speaker 0 (2m 36s): So before we jump into that, cause I want to talk, talk about that and you know, some of the details there in, we talke

50 min