Everything I’ve Learned About Real Estate Investing in 10 Powerful Sentences

2 min read
Brandon Turner

Brandon Turner is an active real estate investor, entrepreneur, writer, and podcaster. He is a nationally recognized leader in the real estate education space and has taught millions of people how to find, finance, and manage real estate investments.

Experience
Brandon began buying rental properties and flipping houses at the age of 21. He started with a single family home, where he rented out the bedrooms, but quickly moved on to a duplex, where he lived in half and rented out the other half.

From there, Brandon began buying both single family and multifamily rental properties, as well as fix and flipping single family homes in Washington state. Later, he expanded to larger apartments and mobile home parks across the country.

Today, Brandon is the managing member at Open Door Capital, where he raises money to purchase and turn around large mobile home parks and apartment complexes. He owns nearly 300 units across four states.

In addition to real estate investing experience, Brandon is also a best-selling author, having published four full-length non-fiction books, two e-books, and two personal development daily success journals. He has sold more than 400,000 books worldwide. His top-selling title, The Book on Rental Property Investing, is consistently ranked in the top 50 of all business books in the world on Amazon.com, having also garnered nearly 700 five-star reviews on the Amazon platform.

In addition to books, Brandon also publishes regular audio and video content that reaches millions each year. His videos on YouTube have been watched cumulatively more than 10,000,000 times, and the podcast he hosts weekly, the BiggerPockets Podcast, is the top-ranked real estate podcast in the world, with more than 75,000,000 downloads over 350 unique episodes. The show also has over 10,000 five-star reviews in iTunes and is consistently in the top 10 of all business podcasts on iTunes.

A life-long adventurer, Brandon (along with Heather and daughter Rosie and son Wilder) spends his time surfing, snorkeling, hiking, and swimming in the ocean near his home in Maui, Hawaii.

Press
Brandon’s writing has been featured on Forbes.com, Entrepreneur.com, FoxNews.com, Money Magazine, and numerous other publications across the web and in print media.

Follow
YouTube
Instagram @beardybrandon
Open Door Capital

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Size doesn’t always matter — and I’m here to prove it.

I’m most-well known for my massive blog posts here on BiggerPockets, but today I want to do something different.

Today, I wanted to go short. 

I’ve been investing in real estate for a decade now, and these are 10 most impactful lessons I’ve learned, succinctly summed up in ten quick sentences (with a few semi-colons included because I’m a cheater).

Related: The One Thing All Experienced Investors Know to Be True (And All Newbies Will Learn!)

Enjoy. 

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Everything I’ve Learned About Real Estate Investing in 10 Powerful Sentences

1. It’s never too early to start investing, but if you wait too long, you’ll look back and wonder, “Why didn’t I rise above the fear and start back then?”

2. A lack of money is not a reason to postpone your real estate investing career; it’s merely an excuse that allows your brain to shut off.

3. There are hundreds of different ways you could invest in real estate, but the truth is there is no “best” way, because they all work — so pick something that fits your personality, your location, your time-availability, and your passion, and run with it with every fiber of your being.

4. The 80/20 rule (Pareto’s Principle) applies perfectly to most real estate deals in that 20% of your deals will give you 80% of your profits; thus, focus on buying fewer but better deals.

5. Avoid the common pitfall of “hobby investing” by treating your real estate investing like the business that it is — with systems, processes, outsourcing, mentors, and math.

6. Don’t just buy real estate, buy incredible real estate deals — which takes a lot more work, patience, and a system for procuring those leads.

(P.S. For those interested, I’m hosting a LIVE webinar this Wednesday on this exact topic. We’ll be looking at the best ways to find real estate deals — even if you are in a competitive real estate market. If you want to find more deals in your area, don’t miss this 90-minute webinar! Register now to hold your spot.)

7. To buy more real estate, you must make more offers; to make more offers, you must analyze more deals; to analyze more deals, you must make the time daily to do so.

8. When trying to succeed at real estate, don’t reinvent the wheel; study to see what others have done and find ways to improve upon their proven systems.

9. The best real estate deals in the world are useless without proper management, so understand that the investment doesn’t end with acquisition — it begins there.

10. Wealth building is a slow, exponential curve that you’ll work for years at it and may never feel like you are getting anywhere, but one day you’ll wake up and look back to see the mountain you’ve climbed, and in that moment realize every step was worth it.

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Not that you’ve read my list of 10 sentences, what’s the biggest lessons you’ve learned from real estate?

Please share below, and if you have family or friends you think could benefit from this post, pass it along.