Brandon Turner: Insufferable Grifter or Tone Deaf

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Brandon Turner: Insufferable Grifter or Tone Deaf

James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes

Fresh off the heels of losing $15 million dollars of your money, and by his own account, likely more if he cannot sell more coaching and education products to take enough new investors money to use to save the other failing investments he spent previous investors money on. The self proclaimed "Christian Investor" Brandon Turner is running this promotion on social media. 

...."Careful Investors Often Miss the Biggest Opportunities".... C'mon bro. Is this guy for real with this crap?

Is Brandon Turner an Insufferable Grifter or Tone Deaf?

P.S.

For those of you not in the know, you can learn more about all of the people's money he lost by clicking the link below.

Did Brandon Turner really lose $14M of investor money while pocketing $4.4M???

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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
1mo

ya after all the bad press will be interesting to see how he does with the coaching gig. 

We all have opinions of what happened at Open door capital.

from what I see the money raisers and the guys doing the deals leveraged his BP persona as an expert investor to raise all these millions. Kind of like folks blindly trusted the other guy Clayton Morris.. I think investors probably thought BT had to much to lose and would make this all right if there was any issues.. I dont think he actually ran the ship Kind of like many other industries were they get spoke people to front the product. 

Wine industry is famous for that.. Like Arnold Palmer wine is made my Luna vineyards in Napa so its just relabeled and the AP got a royalty.. I would not be surprised if thats a little bit how ODC operated. 

I am of the opinion that there is no way BT went into ODC with the mind set to just rip out fee's and not care about the projects.. It just seems to have ended up that way like so many syndicators who tried to compete for the same dollars in those years. 

Just sayin  I have no way of really knowing just kind of my POV. 

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  • Justin R.Pro Member
    Rental Property Investor · San Anselmo · Member since 2015 · 659 posts · 599 votes
    1mo

    I agree with you 100%. To clear the air, I was an investor in the deal that went south.

    I had to verify my accredited-investor status with ODC, just as I have with every other syndicator. I also signed multiple documents acknowledging the risks and received the PPM, which clearly outlined those risks.

    Could someone falsify their accreditation information or sign everything without reading it? I suppose so. But I submitted my information accurately, read the risk factors and made the decision to invest. Do I wish I had skipped that offering? Of course. But I’m not going to blame Brandon or ODC for my decision. Based on what I was given and my experience throughout the deal, I did not find them deceitful, shady or crooked. I understood that the investment carried risk, and I am accountable for the choice I made.

    Even after this loss, I am still positive across my diversified limited-partnership investments. I have also made considerably more money with ODC than I lost on this one deal. That context matters.

    My view is probably similar to that of most experienced investors: not every deal works. Some investors may not have fully read—or emotionally accepted—the risks before investing. Others may not have been completely honest about whether they met the accreditation requirements. Losing money is painful, but a bad outcome does not automatically prove fraud or deception.

    If credible evidence shows that false information was knowingly used to raise capital, that should absolutely be investigated and the responsible parties held accountable. But allegations are not evidence, and investment losses alone do not prove misconduct.

    Hopefully, this becomes a lesson in accountability, honesty and the importance of thoroughly analyzing both the deal and the sponsor before investing. I made the decision, I accepted the risk, and I own the outcome.

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  • Mark RobertsonPro Member
    Investor · Salisbury, NC · Member since 2014 · 313 posts · 385 votes
    1mo

    The broader lesson here for passive investors is that sponsor risk matters as much as the property. Investing with a first-time or lightly experienced sponsor may work out, but you are taking on a major layer of execution risk with very little evidence of how that team behaves when the plan breaks.

    I would much rather put money with an institutional-quality sponsor that has multiple full-cycle exits in the same asset class and strategy, including deals that went through a difficult market. I want to see realized net returns against original projections, conservative debt, adequate reserves, a strong balance sheet and asset-management team, meaningful GP money on the same terms, and references from investors who were with them on a problem deal. Capital raised, units acquired, podcast appearances and social-media reach are not a track record.

    Even experienced sponsors can lose money. The point is not to find someone who has never had a bad deal. It is to know that they have been tested, communicated honestly, protected LP interests and made rational decisions when things went wrong. A higher projected return is rarely enough compensation for an unproven sponsor.

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  • Ed O.
    Investor · Statewide, MO · Member since 2011 · 814 posts · 425 votes
    3w

    @Josh C.

    This is my thought exactly. 

    If I lost OPM I'd feel bad and give back my outsized fee at least, not for legal reasons, because I'd feel like a pos if I didn't.

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