Robert Leonard talks with Brandon Turner about his backstory on how he started at BiggerPockets; his financing ideas and strategies on multifamily properties; the importance of focus which for him defaults to saying no to building bridges until another one hits shore; what continual improvement is and how elite performers use it; what’s next in his real estate journey, and much, much more! Brandon Turner is a real estate investor, podcaster, author, entrepreneur, and speaker. As the host of the BiggerPockets podcast with over 100 million downloads, Brandon is widely recognized as one of the foremost experts on real estate investing. Brandon is also the founder and managing member of Open Door Capital LLC, a private, well capitalized real estate investment firm that helps clients achieve superior risk-adjusted returns through the acquisition of value-add assets in the US. IN THIS EPISODE, YOU’LL LEARN: 0:00:00 - Intro 0:01:52 - How and why Brandon got into real estate and his first deal 0:03:56 - Why invest in real estate? 0:08:15 - How Brandon got started at BiggerPockets 0:18:29 - Brandon’s advice to new investors 0:21:11 - The concept of focus by defaulting to no (bridge analogy) 0:27:31 - How to know which bridge to focus on 0:35:54 - Continual improvement and how elite performers use it 0:37:37 - Buying rental property on a 15 or 18-year note and using it for your child’s college fund 0:42:00 - What Brandon looks for in real estate partners 0:46:25 - How to create a million-dollar net worth in five years 0:50:29 - The 7 types of small multifamily real estate and which ones make for the best rental properties 0:55:18 - How to quickly and accurately analyze a multifamily investment property 1:01:30 - Brandon’s question for Robert Check out our interview with Gino Wickman: https://youtu.be/_KMulNvyiqQ ✔️ Subscribe to the Real Estate 101 show: https://open.spotify.com/show/7dnn22EWyo6MLsPaR492BM 🖊️ Access our free show notes and transcript here: https://www.theinvestorspodcast.com/real-estate-101/real-estate-investing-guide ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ LISTEN 🎧 TO OTHER SHOWS FROM OUR NETWORK: ₿ If you're interested in Bitcoin, checkout our Bitcoin Fundamentals podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8wOLjjwNCM5B1qFdrtTdTZ 📚 Dive into value investing and learn more about billionaires with our We Study Billionaires podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F9dDPFYGAHRbrWoToCe2uoU 🏘 Learn the ins and outs of real estate investing with our Real Estate 101 podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8Yw_8xO2nk-RD7fhb3yktn 💸 Get introduced to the world of investing with our Millennial Investing podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F_p00VYv3psJ8rhDAGOvR5W ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ FOLLOW US ON SOCIAL MEDIA📱: 💻 Facebook: https://www.facebook.com/groups/theinvestorspodcast/ 👔 Linkedin: https://www.linkedin.com/company/the-investor's-podcast/ 🐦 Twitter: https://twitter.com/TIP_Network ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📥 Download Stig & Preston's 1-page checklist for finding great stock picks: https://www.theinvestorspodcast.com/form-youtube-checklist/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.