Brandon Turner: Why Real Estate Rentals Are LOUSY Investments?

Don't miss Brandon Turner's captivating insights on real estate challenges in a high-interest rate market, wealth-building strategies, and the importance of embracing discomfort in this must-watch video for those seeking financial and personal growth!
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Brandon Turner, the founder of Opendoor Capital and host of the Better Life podcast, joins the discussion. Brandon shares insights into the challenges of speaking at events while living in Maui. He discusses the Lahaina fire's impact and the subsequent formation of the Lahaina foundation to aid in recovery, emphasizing the importance of reviewing insurance policies.
The conversation shifts to the changing landscape of real estate, with high interest rates making profitable property investment more challenging. Brandon highlights the need for real estate investors to continuously monitor market and economic trends for strategic shifts.
They delve into the concept that life goals should dictate asset management. The decision to pay off a house depends on whether you prioritize wealth accumulation or family security.
Brandon underlines the survival tactic of house hacking, emphasizing its practicality for millionaires living in million-dollar homes.
Investing in developing skills, generating income, and then using that income for property investment is discussed as an effective approach. Books, while transformative, are noted as significant work to produce.
Predicting high interest rates due to inflation, Brandon sees this as an opportune moment to start a mortgage company. He advocates embracing discomfort in tough times as it fosters growth and increased capabilities.
The conversation veers into diet, exercise, and morning routines. The importance of balancing multiple life aspects is highlighted. The discussion emphasizes the need to schedule significant tasks according to individual priorities and be cautious about the source of advice.
The topic shifts to recession strategies. Brandon introduces the concept of a real estate fund that allocates a small percentage for business investment. Ryan discusses the Wealthy Investor Partner program, designed to help newcomers in real estate flipping with lower costs.
The conversation touches on the development of business processes and systems. Sub2 real estate transactions are also discussed, acknowledging the potential risks and emphasizing the importance of acquiring knowledge before starting such ventures.

[@aaronbroderson186]

With all due respect, I would like to bring out that I am a bit disappointed on how hard real estate investing was attacked during this podcast. It felt like you guys were bringing it up more in a way that it doesn’t work because you can’t get wealthy quickly with it and real estate has never been that. It has been and should always be a long term investment/wealth building plan.

[@RichardWiazardry]

Short term flipping isn’t investing, it’s speculation. I lived through the 1980s with high interest rates. These guys haven’t really experienced hard down markets. 1031 exchanges never pay taxes

[@zakuzeon7382]

What do you expect from internet tycoons? Made millions with online videos & courses on real estate & now poo poo on it for more internet cash & clicks. Same as Graham & Kevin. I started investing around the same time these people did, but don't work the social media like they did. Ironically, the commercial at around the 5 min mark was straight up accurate, just makes the false claim that you can be taught how to make it work for you. They can scoff at it now, but that $100 or $200 per door is what the 99% need to have any hope of getting beyond the limits of the 90% who don't even have $10k set aside for retirement. Hard to sell a course or get clicks on your video though if you can't offer people "How to make MILLIONS in 2024!" type content. Nobody cares about "How to make MILLIONS by 2034!"

[@RichardWiazardry]

@@zakuzeon7382 the people who make a lot of money on the next crash will be the ones who bought gold and silver while It’s underpriced and turn it into real estate.

[@SFX_714]

All the OG’s who have been thru real down times know that cash flowing and having other people pay off your mortgage is a solid method and I don’t get why he talks down on it so much. There’s so much risk to short term flips that’s not being mentioned either. But I love the guests he has and I think him and his channel do provide great perspective and content still. Just don’t be so quick to bash a method that’s not YOUR method. Keep up the great pods tho, still love it 🤙

[@Jooseppee]

One thing to consider is that, at the end of the day these gurus are selling a product. Whether it’s advice, consultation, a program etc. Now is the hardest time for an average American to get into real estate investment. Hence why they’re defending the point of.. “it’s always been hard and mixed”.. if they said it would be easy. They’d hook the dip and quick money crowd, aka no long term investment for them.. rather than the continuing student of real estate investment who will ride it til it “fails”… food for thought from me.

[@Ziegfried82]

Real estate is slow going, and only pays off if you can hold long term. And contrary to what many people say, there are huge risks in real estate. A neighborhood can go bad, big problems can spring up with the real estate (plumbing for example). You can get a string of bad tenants. The higher interest rates go, the less attractive real estate is gonna look.

[@AZsuperhost]

When you mentioned everything that you cannot "outsource " (Diet , exercise , Family , relationship with god ) but the one thing you actually can outsource is your "work" in your business .That really hit me. Loved the podcasts that you've done together! Great energy . Appreciate all the value guys!

[@RyanPineda]

This is the whole point of the Wealthy Way!

[@sbar39]

8:30 😏 I don't want to profit OKAY

[@TLynx-is4jd]

Don't take is diet advise, so bad

[@jasonbourne7950]

Wild to see brandon go full circle started listening to him in 2016 i think.

[@wbh3711]

Ryan said he went through hard times in college trying to play baseball and go to school 😂 Brandon didn’t know what to say. He was thinking dude that’s not “hard times”.

[@whywhy7299]

Yeah dude is the definition of corny

[@ominous450]

He's out of touch

[@marcusfishtanks7395]

Trying to play professional baseball and getting paid $1200 a month which is almost nothing isn’t hard? He also had to do school and manage to pay for that as well.

[@wbh3711]

He wasn’t playing professional baseball in school. But to answer your question, no it’s not what you’d consider “hard times” during the financial crisis. I get it, he has to say something during that time and that’s all he could come up with because he hasn’t experienced any true life responsibilities

[@lawyerdhop]

Playing spots at a college level is not easy and it’s very hard to earn income on the side dude the hours required to play the sport.

[@1973superdad]

super logical interview. Im in the industry, people who are broke and buy rentals to make $100 -200/month cashflow and cant afford repairs and one repair, new furnace or whatever can be years of negative cash flow. This is a terrible plan, yet its taught online. Seems like a disaster. Things that worked in 2009-2017 -dont work anymore. Im still buying, rentals, flips, but its super hard to find good deals.

[@Yukyuk96]

I see his point but there are places and ways to make good cashflows. My company doesn't even touch a property unless it meets the 1.5% rule. It's quite profitable if you do it right

[@1973superdad]

@stevec9474 care to tip you hat to how? Riskier markets? I cant even find 1% where im at. Close and its super rare, like 1 or 2 every couple years

[@hp7639]

​@@Yukyuk96 you probably buy them in cash right?

[@maxbusinessprofitssergiode5747]

@@1973superdad Then run!

[@maxbusinessprofitssergiode5747]

@@Yukyuk96 I remember when it was 2%. I did it and I was very profitable but markets change, economies change, mindsets change, deferred maintenance and at the end of the day it was not enough money to take all the aggravation and stress. Now, alot of people I respect are saying its SubTo Time.....What? Why the F would take on a payment on an over bought property just because it was at 3% or 4%???? At some some (and very soon) that over bought house is gonna lose equity and EQUITY is the foundation of which every RE deal can redeem itself. But you better know the RE cycle and where you stand in it!

[@micheal_mills]

I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?

[@philipr1759]

"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task

[@jeffery_Automotive]

Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.

[@DavidRiggs-dc7jk]

@@jeffery_Automotive this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@jeffery_Automotive]

I've shuffled through a few advisors in the past, but settled with 'Julie Anne Hoover' her service is exemplary and she's a genius in portfolio diversification. I'd suggest you research her further on your browser, sure you'll find her basic info.

[@DavidRiggs-dc7jk]

@@jeffery_Automotive Appreciate this recommendation, hopefully I can get some insight to where the economy is headed and strategies to beat inflation with when I hear back from Julie .

[@TechOutAdam]

I feel like Brandon truly started speaking his mind after leaving BiggerPockets. I think he holds back too much still, but it's great to see less of a filter.

[@patricklouis6992]

Every market is different. Rentals might not work in LV, but they work in Baltimore! Especially your tenant has a voucher.

[@believeimages6034]

Voucher programs suck in Philly. They don't care if the tenant destroys your property

[@EconomicNinja]

I remember the short sales very well

[@honeygemcreativellc5876]

i'm always confused why people overleverage. why cant you live off of 8-12k month? its so simple. buy a duplex. make it an str or mid term rental. pay the house off. cashflow and boom there is your retirement. honestly not that risky and you cant tell me it can't be done because i'm doing it right now.

[@Mav0585]

You make a great point

[@pixperformance21]

That's awesome. I'm guessing the higher rent for STR = 8-12k a month on a duplex? How long did it take to pay the house off?

[@daniamsalem]

I really loved hearing the downsides of subto. No one seems to be talking about that and while I definitely want to get into that sort of creative finance, I want to go in with my eyes wide open.

[@tinachxx110]

Subto is sort of a scam. I just went through it almost but didn’t end up signing the contract. After the lawyer inform me that a lot of subtos default where the buyer just walks away. Or the buyer sells to another buyer, then they default and you know what happens then. Also subto is only good for buyers. It is a horrible deal for sellers. When the buyer defaults, the seller can’t even go after them.

[@ms38wr1]

@@tinachxx110 Sub2 is only a scam if you're a scammer. Its not hard to buy a home using this process, but if you're a SELLER you better make sure you're dealing with someone who will actually follow thru. I've bought a few over the yrs & still own them all

[@LoyceLeeber]

The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.

[@KarlyNoorda]

Investing in both real estate and stocks can be prudent choices, particularly when backed by a robust trading strategy that can navigate you through prosperous periods.

[@mike2959]

For 15 years we had record low rates that ALLOWED us to mortgage 25% of the income of the property. Some all have prop mgmt companies. We all had a staff. All that fluff. Is gone.

[@aaronjensen5499]

I was a short sale negotiator back in 2010-2012 and remember that well. Missed a great chance to get into real estate.

[@wmc9722]

Yep, now that more than ten years have passed by you have zero chance of 'getting into real estate'. Sadly though, you still long for it given that you are here.

[@fishingmechanic]

I love that he feels that way for name of the wind. Thats an amazing read

[@dhowto3005]

Good episode! Thanks!

[@azu555]

This is definitely a Pace Morby play. Good stuff. Smart.

[@DanKohan]

Certainly! Over the last 15 years, the real estate world has seen a lot of changes. Back in 2008, there was a big economic crisis that made everyone really worried. But by 2010, people realized that buying properties to make money from renting them out was a good idea because it gave them a steady income.

[@LRF49]

No it didn't. Most of those people incurred more costs by renting out their homes and getting shitty margins in return.

[@neverdown222]

So True! People are always wishing they can invest some time in the past but it is never a good time to buy now!

[@M.Morgan]

buy now, home prices will not go lower. Inflation is definitely making things worse, back in the early '90s when I purchased my first home in Miami to live, mortgage rates of 8% - 9% and 9% - 10% were typical. If rates drop, you can refinance.

[@heatherholdings]

@@M.Morgan Home prices will need to fall by at least 40% before the market normalizes. If you are at cross roads to buy a house or not, my honest opinion is to seek guidance from a well-experienced advisor to help diversify your investment portfolio from time to time, that’s how I’ve stayed afloat over 5 years now, amassing nearly $1m in savings so far.

[@heatherholdings]

@Johnny-se8hk > My investment advisor is Julie Anne Hippe, she's verifiable and I'm very sure you can find info about her on the internet, her qualifications speak for itself.

[@wmc9722]

@@heatherholdings Having $1MM on hand and not being emotional about it is a good feeling.

[@theRetainer]

First video, other than the guide to seller financing that you published several years ago, that I actually enjoyed. Great points about single-family rentals and cash flow. It's either you work it andf consider it a business (to make real money), or be satisfied with $200 of cash flow per property which in no way provides financial freedom. I'm purposefully watching on my spare time to soak in the realities exposed. Down goes GC, down goes GC.

[@OSANsAdventures]

The issue with the whole asking for a raise thing is that its still a job where you're at the mercy of an employer. My main purpose for wanting to buy properties is to be able to eventually quit my job and have more freedom to actually live life instead of working 70+ hour weeks until im too old to enjoy the money I've made. Even if I have to make less than my six figure job for the first several years it's still worthwhile.

[@believeimages6034]

Eviction laws are terrible and continue to get worse in all states dont rely on rental income to retire

[@richardlandsteiner3082]

Become an real estate entrepreneur and work 80+hours a week Lol

[@OSANsAdventures]

@richardlandsteiner3082 tbh I have no issue doing that the first year or so since it would be my own income and not dependent on a paycheck from an employer.

[@susanwu8339]

Christie Brinkley you are Gorgeous! Thank you for letting us see your beautiful home. Happy Holidays 🎉

[@jerseyshorerealtor]

Im a realtor and also in subto with Pace Morby. There are very creative ways to acquire rentals that cash flow and for long term equity.

[@wmc9722]

Share your wisdom.

[@brandonlifefamily8331]

99% of the deals posted in his group cash flow 0 to 400 bucks a month, factor in vacancies and capex and your negative.

[@jennyzhang4196]

I think whenever people claim they are working hard for someone else's benefits only, I stop taking them seriously. Let's be real! I feel Brandon is no longer the same throughout the years of growth. He is suddenly became so active again with the podcast and new courses, something is going on. I wish him the best!

[@MaleekMartinez]

gems 💎the bed making killed me 🤣 havent done it since bootcamp 🤣

[@PrehistoricMagazine]

I run a small indie press book company . Ryan have you thought of doing a podcast on the book business ? Thanks, Mike

[@amymcintyre1684]

Omg, short sales were awful!!! I started RE in 2008.

[@CurtTucker]

Overall, a must-watch for anyone seeking wisdom in real estate and life optimization!

[@codyeldridge2934]

Insurance does not cover property VALUE or land value. It covers the COST to rebuild. Huge difference in those two things especially in places like Hawaii where land is so valuable. If you put the same house in the middle of Detroit, it still more or less costs the same to rebuild. Of course inflation effects things like material, so an increase in coverage could still be necessary. But lots of insurance carriers will automatically increase your coverage annually to account for that.

[@midkort]

9:04 That threw me off as well. Interestingly, I've also heard Dave Ramsey give the same advice - to go review your insurance due to rising property values. I thought insurance was about the cost to rebuild. I suppose I have more research to do.

[@codyeldridge2934]

Sounds like you got it down to me.... no research necessary. Insurance covers cost, not value. @@midkort

[@algernonnewton6307]

Time stamps please!!

[@justincrookston9463]

Great podcast!

[@RyanPineda]

Thanks! Glad you think so!

[@user-jc5si1ic4i]

so where is more info on the program you speak of at end of this... the partner program..or the you teach people to be your birddog and hand off deals to you...they just work to create leads and you show how that is done? where is that program?

[@rfreeman5012]

Yep i remeber the cash for keys. Lost my first home to short sale after buying in 2007.

[@charlieerickson5524]

I bought it and made $1,000,000

[@maggiegandera3644]

Nice interview with Brandon 🎉 , lot of interesting tips on real estate, health etc..

[@RyanPineda]

Thanks! Glad you enjoyed it!

[@kenmtran]

What was the name of the book that Brandon mentioned - "Life in air"?

[@noahpowers370]

Lifeonaire

[@jamesjlee0521]

This brought so much clarity how re investing is a house flipping business vs rentals are an investment, and how the former will let you retire early

[@RyanPineda]

Happy to help!

[@mike2959]

Rules still applies. 16 unit apartment building P&I is half the income. So I’m in. Yes prop tax matter etc…but stop saying it’s different. It’s not different.

[@brandonlifefamily8331]

I agree; depends on the vehicle you are purchasing.

[@nelsonbran4628]

There’s always a new phase… recently Twas syndicates and Airbnb short term, now midterm… suddenly it’s only those who already own property that can afford to buy. On the next run up, real estate will 🚀 once more and in hindsight, we’ll wonder why we didn’t buy more then / now, again…

[@danielhurja4506]

Sorry but what’s the difference between a bet listing and a wholesale?

[@Lik3ToSing]

The host did an excellent job

[@JuanDiegoChavez11]

Ryan, please elaborate on what happened when a homeowner in Subtoo files for bankruptcy?

[@jerseyshorerealtor]

Asking the wrong guy lol. Ask Pace.

[@jayc4715]

Youre screwed

[@JuanDiegoChavez11]

@@jayc4715 How?

[@siennaawesome6902]

He finally gets to the meat of this subject at time 1:10

[@los1763]

You were about to say “Legit everyday” on those jeans😂 let me pay attention

[@bestreviewer2038]

I make $13k cash flow with 7 SFHs that I converted into multi family. $13k a month is cash flow rich to me.

[@JamesWray97]

this is hard to believe. Ur making over 1200 profit per month on each?

[@bestreviewer2038]

​@@JamesWray97 Something like that. I convert the houses into duplexes and triplexes and then rent the 3 bedroom sides by the room. The average house is around $350k. 5-8 rooms per house x $800 a room. It's a niche, I have a hospital and a college 6 blocks from them all.

[@bestreviewer2038]

​@@JamesWray97 $1857 per house is my average net after 1% repairs and vacancy.

[@midkort]

​​@@JamesWray97You're probably assuming he has a ton of debt like many real estate investors do. That is not a given.

[@Ziegfried82]

That is extremely good, hard to believe really. If it's true congrats!

[@midkort]

9:04 I thought insurance was meant to cover the cost tp rebuild, not the market price.

[@ashtonporter8539]

the cost of materials went way up

[@dcat3510]

Can’t really get sued on your primary/homestead in most states and that’s what insurance is for. Also can put it in trust

[@jeramieruiz4448]

Reality check by some truly genuine real estate Investors.

[@jayc4715]

Better Check yourself before you wreck yourself.

[@serruptitiousfool]

at 1hr 9min- the 4 constraints some people have with real estate investing "Money, Mindset, Management, or Marketing." - BT

[@thedetective8150]

My grand uncle is a landlord with over 30 houses in Los Angeles county and makes over $100k in passive income. He started in 1958. I had two rental properties and the most difficult part is finding quality tenants.

[@penguingobrrbrr353]

Did hhe bought them with cash ?

[@maxbusinessprofitssergiode5747]

Love Brandon...I am a seasoned investor and my feelings towards real estate is reflected by his.

[@louisedost8476]

Write the book. I’ll buyout‼️🙏🏾🙏🏾🙏🏾🙏🏾

[@albongo3949]

Working 24/7 facts

[@DLuxuryCrystals]

if rentals properties is good and flipping houses is good so do both the point is always get a good opportunity buy or sell.

[@KennethLeeAtLGA]

Golden handcuffs with low rates..out of 100% of homeowners..60% have a fixed rate 3% mortgage fixed..alot of people have paid off homes..they will probably never sell..so inventory will be low for years and mostly life events and new construction will be available for taking.

[@danielvalerio9703]

I have always bought on cash never did I buy for appreciation. Twenty years later at 50 I don't need to work .I always worked on a lot of my properties so a lot of sweat equity .

[@Kiki.TxRealtor]

PUTTING MORE MONEY 💰 IN THEN YOUR GETTING OUT IS ALWAYS A BAD DEAL!! NEVER RENT PROPERTY UNLESS ITS COMMERCIAL ❤

[@michelleh9794]

I was really looking forward to investing in rental properties next year but I’ve always been hesitant about the amount of work that is involved and how little is left after clearing all the expenses. I have my house and I’m planning on selling it go rent and take the profit and just invest it for the long term. And probably get back to real estate in a couple of years.

[@mike2959]

Don’t wait. Invest when rates are high. Invest more when rates are low. But don’t wait. What you’re speaking of is ROI. The same is said about restaurants. Same is said about every single business sector. The worst thing you can do is keep waiting.

[@amt7877]

Just do what is right for you I wouldn’t listen to these so called gurus expert( no one is an expert) their motives is to sell their courses and you just making them more wealthy, instead make yourself wealthy there is no such thing as getting rich quick. It’s sad that they are taking advantage of the common people. Next thing you know what they teaching now will not be a good investment in the future. Do your research ask people that are into rental. My brother bought 10 rental properties from 2008- 2015. That is his retirement but all properties are paid off no debt. Our previous neighbors are multimillionaire, now lived in Thailand. They were working for the casino five days a week, the husband worked on the rental properties on his two days off. I wished I was smarter back then I could learned from them the skills. But I guess better late than never. Depends on where you live renting to section 8 and military will guarantee rent. Government pays for about 80% I think.

[@amt7877]

@@mike2959agreed that’s why I stop watching this video at 3 minutes stamp, same old crap. Thought it was something interesting same old so called guru experts. If I cluttered my mind watching these pathetic videos I will be more confused.

[@melissamckinney1005]

Shipping containers that’s all imma say 😂 with fire retardant circumference around the whole town 😮solved !!

[@rayrodriguez8214]

What a good pair of dudes. Need more of this duo.

[@nicholasdecespedes1698]

What is the book called that Brandon was talking about?

[@YanRakhmanov]

Lifeanaire

[@jayc4715]

Green eggs and ham

[@penguingobrrbrr353]

Thanks to real estate, im not free and can do whatever I can. Yes, its a work but its worth it.

[@bemnetmerha7879]

BRANDON if you write a spiritual book, I would read it! ❤

[@jayc4715]

Nut rider

[@lukehutchins1657]

For the guy who asked Ryan how to get to 20k per month in cash flow. That he made seem impossible. If the guy had a million in equity on his current holdings or primary residence he could have easily just used that to buy 35-40+ rentals in Ohio or most mid west markets to be well over 20k per month. Even if it takes a couple of years to get the deals.

[@woodyahh2110]

The goal in life is have someone else pay for your stuff 😎

[@morganruest1803]

I know a 80 year old man he runs a construction company and remodeling he owes over a 120 residential plus he has compounded so he has a lot of commercial properties lol drives a 2008 f150 good ole boy lol

[@ALLworldCONSTRUCTIONLLC]

I went to Lahaina after the fires and learned a lot about some solutions. I’m in one of the most practical places to help the rebuild. Reach out if you’d like to inquire after youve exhausted the 209 contractors on Maui.

[@lukeskywalker1901]

Real estate is easy if done correctly. It’s hard if you are doing it the way these guys are talking about.

[@penguingobrrbrr353]

Just buy cash and earn money thru rent. Leveraging isnt making anyone rich but the bank lol

[@ericaleverson9430]

What is the name of the fantasy/fiction book?

[@lukeskywalker1901]

WOW I can’t believe he came right out and said he doesn’t know what he’s doing….If you are putting 50% down you are over paying for the property and the bank knows it. That’s the reason why they will only loan you 50%. Please keep over paying it helps everyone else that’s doing it right.

[@wadesuhr]

So many people on these real estate podcasts began during The Great Recession. Kinda crazy.

[@sylvanforsberg2481]

I remember

[@maxbusinessprofitssergiode5747]

One disagreement: Single Family Residences are NOT a good INVESTMENT. Sorry B-Ive owned my share and after roof replacements, A/C replacements, collections, evictions, rehab after bad tenants you breakeven on paper, maybe better, but calculate your time, aggravation etc and you lost money. If you are gonna do it, then you MUST know where you are in the RE cycle, buy, rent out and SELL when you have 20% + in equity. Take the money and run.

[@alanboggs2315]

Help me with the peptidessss

[@bethscott4330]

You both referenced Grant Cardone. Personally, I experience him as a bully and scammer and opportunistic. You both seem level headed and authentic. Bringing in Cardone was surprising because he seemed to have the opposite vibe.

[@sylvanforsberg2481]

%50 Businesses %50 Real estate

[@lilrickey100]

Here from Maui...met Brandon, super cool guy. Bitchin sauce is 🔥

[@jayc4715]

Mamalo

[@Wangsta100]

Currently invested with Brandon's ODC fund Sunbelt Diversified and we are estimated at a 50-62% loss of equity if sold today. I would say this has been the LOUSIEST investment.

[@njr819]

Around 1:10:00 in. What/where are these 6% checking accounts he’s talking about? That was such an odd part of the podcast.

[@lauriekline8655]

You can get 5% at Wealthfront

[@midkort]

Google "High Yield Savings Account"

[@DVMCellini]

This is the best real estate content and conversation I’ve heard in 3 years.

[@RyanPineda]

I appreciate that! Thank you!

[@idkmybffjill9682]

32:15 if it was easier wouldn’t more than 4% of people do it? I’ve earned $5k a week after tax before; worked hard as shit and only kept it up for about 2.5 years. As it happens studies say what I did was typical, high earners don’t keep up that work level for much longer than 3 years in average before burnout. Waayyyy easier to buy up properties that GROSS 20k a month and wait for the tenants to pay them off. Within a decade those properties are up 50% in value, rents have doubled and the loans are 1/3 of the way to paid off let alone the dollar value of the balance is less than what it was when you bought. It’s such KZbin finance bro be to say that earning 20k a month through a skill is easier

[@pixperformance21]

you recommend short term, mid term leases on rentals or traditional tenants?

[@HDBnB1]

Take a shot everytime he says global shutter

[@garretdoi6218]

There are no coincidence:( no cell phones, no water, 👮🏽‍♂️blocked access roads to get out, no warning ⚠️, 🤦🏽‍♂️no help from authorities!!☠️😡🤬

[@75pdubs]

Yes having someone on your mortgage for you sounds like a terrible business. If you overpaid then you might breakeven for 15 years or until the mortgage is paid off. But after that it’s easy money. But anyone that bought 2010 to 2016 have a nice cushion.

[@poopdogiscool]

First

[@ErickaWilliamsCC]

interesting. second.

[@RyanPineda]

Glad you think so!

[@RISHBH.0]

Hye Any one investment in India in real estate property under 1Cr

[@clairvoyantdetails8423]

I hear rentals are bad for making you rich, and then another video saying that flipping houses doesnt make you rich anymore. Literally the two things that would do it for you no longer make you rich, dono if they are spreading FUD or what

[@MarketingStrategies28]

I invest in fractions of houses, businesses and condos. From 35 bucks

[@MarketingStrategies28]

@@matthewjames4090 😆 🤣 😂 😹 😆 🤣

[@Rshen11]

I own a hand full of rentals..and now I just buy reits

[@jayc4715]

Their business is selling Classes,books,and podcasting...selling the dream to suckers

[@Brian-vk1hm]

Airbnb still crushing for me (heard many are losing their shirts in Airbnb tho) can’t tell you my exact strat sorry!

[@lukeskywalker1901]

Smart investors were always buying cash flow. If you are buying because it will go up in value regardless of cash flow. You are speculating and might as well be in the stock market or just putting all your money on black in Vegas.

[@penguingobrrbrr353]

Buyinng properties with cash is the best way. Not worrying about debt is the best feeling. We buy properties to save our money in there. I dont intend to sell.

[@DiqaunColeman]

Brandon did not have to disclose his mortgage payments. I would of said " I'll tell you off air".

[@ericwilson2632]

😂I am glad he did!!! How he doing it And talks about maybe renting his part of the property out... He being honest !!😊

[@albongo3949]

Paying people to walk away not paying, insane

[@midkort]

Big picture.

[@lukeskywalker1901]

If you are one repair away from going broke on a rental. You are doing it wrong. Oh my goodness these guys are making my brain hurt. When you buy that rental and do your rehab. Why aren’t you fixing everything up front? If the house is rehabbed properly you won’t be running into huge repair issues. You should also have in your lease agreement that the tenant break something they are liable for it. And they better have renters insurance for any catastrophic loss. This should all be spelled out in your lease and if you did your rehab correctly. You are covered. The more these guys talk the less they know. I know they are successful. Thank goodness real estate is very forgiving.

[@lalogonzalez8536]

So 4 us newbies were screwed is this correct😢

[@InvestAndGrow2020]

No

[@midkort]

Nope. It wasn't easy in their time either. You have to keep on searching for how to deliver value. What worked then may not work now, but there is something that could work now, you just haven't found it yet. Find it and get paid.

[@Akuza1000]

Thats because no one does rentals right. i have 3 rentals in las vegas i net 17K a month. See i figured out what most people dont ever think about. Knowledge is power.

[@pixperformance21]

How? residential or commercial?

[@liseparker4728]

Could you share where to get knowledge? Are they all mid term rentals?

[@tinachxx110]

Brandon mentioned he has airbnbs and makes tens of thousands a month. I wonder what kind he has and who manages it for him? Bc when you have a property manager then you just break even.

[@Ziegfried82]

Not breaking even, but the margins are pretty damn thin. I've made a lot more in stocks, bonds, and mutual funds than I ever did in RE.

[@lukeskywalker1901]

It’s not hard to find properties. My club has been buying them left and right. All of them will 100%+ returns. If you were going by 2% rule. You don’t have a clue. House is rent for what the subdivision mandates. And you can’t just go in and say oh wow I paid $200k this so I should get $4k. If that’s how you’re renting, you’re not doing your due diligence. Right now is the time to be buying. It is shaping up just like 2008 which created massive amounts of wealth through real estate. We were buying then and we are buying now. If you are not you will miss it. I am sure you are successful but if you had better understand you would probably be making 240k a month and not 80k…. People don’t listen to this doom and gloom or you will miss out on the best market to create wealth in last 15 years

[@burbsboi18]

The discussion here about cash flow are badly misguided. My 26-unit portfolio (started in 2018) produces $100,000 per year, and allowed me to quit my office job. (Which is as good as it sounds.) It requires upfront capital, and it's certainly a long game. But it's the BEST long game out there, and the suggestion that wholesaling or flipping is a better path for the average investor is complete nonsense. Pineda sounds like a typical online guru/con artist (with an obnoxious vibe to boot). Pretty shocked to hear some of the bs that Turner is spouting here, too.

[@ms38wr1]

HGTV ruined "flipping". Now every lawyer & doctors wife get out there and overbids on properties & ruin it for everyone.

[@TinCents]

I'm on carnivore. Energy level to 11. Eat steak everyday.

[@NicholasWoodBroker]

Watch the entire video before drawing thumbnail clickbait conclusions. Both agree rentals are still amazing. Proven wealth builder for hundreds of years

[@staresce]

Then the title of this video is misleading

[@jayc4715]

Wrong

[@RichardWiazardry]

You don’t buy at the top of the market, these are normal real estate cycles. It’s true me to wait for the market to fall, unless you are getting a great buy.