3 Ways to Succeed Despite Failure (Video With Tim Ferriss!)

3 Ways to Succeed Despite Failure (Video With Tim Ferriss!)

1 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.

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.

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.

Instagram @beardybrandon
Open Door Capital

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The reason many people don’t get started in real estate is because they’re worried about failing. In this short video with Tim Ferriss, bestselling author of The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Richir?t=biggerpocke0a 20&l=am2&o=1&a=0307465357 and most recently Tribe of Mentors: Short Life Advice from the Best in the Worldir?t=biggerpocke0a 20&l=am2&o=1&a=1328994961, we explore the idea that failure isn’t necessarily bad—and that embracing it can actually help you reach bigger success more quickly and more easily.

So what should newbies focus on when seeking success in real estate investing?

Related: The Colossal Fail: How a Hard Landing Can Make You a Better Investor

3 Ways to Succeed Despite Failure (Video With Tim Ferriss!)

According to Tim Ferriss, if you do your homework and

  1. Focus on projects that help you build skills and relationships,
  2. Occasionally think very big and aim very big (within reason), and
  3. Always try to cap your downside (meaning manage risk),

…it’s hard to fail. A big proponent of this mentality is Scott Adams, creator of Dilbert. For more of his philosophies, check out this article. The point is that the path to success always involves getting started and making lots of mistakes, which allows you to succeed even if you fail.

Want to hear more of our interview with Tim Ferriss?

Check out BiggerPockets Podcast 254 for a 2+ hour conversation on the patterns and habits that help high achievers attain their goals.

In this video with Tim Ferriss, we explore the idea that failure isn't always bad—and that embracing it can help you reach success more quickly & easily.