10 Powerful Lessons Brandon Learned Building a $50M+ Rental Portfolio

We all reach a point of complacency. We tell ourselves that we’ve done enough, it’s too hard to go further, or we don’t have enough experience, money, or time to accomplish the goals that seem impossible. Brandon Turner, host of the BiggerPockets podcast, was feeling this way too, sitting on a decade worth of real estate, with enough passive income to live his life how he saw fit. It wasn’t until Brandon started surrounding himself with people who did much more than him that he realized he wasn’t hitting his true potential.
Now, leading the real estate syndication Open Door Capital, Brandon has more than 10x-ed his rental portfolio, built a life he loves in Maui, and worked with some of his heroes. This wasn’t by accident, it also wasn’t dropped into his lap. Brandon spent serious time thinking about his “vivid vision” of the future, what he wanted out of life, and who would help him get there.
He’s had ups and downs, with some of his favorite employees leaving, partnerships falling through, and deals being lost. All of these proved to be valuable lessons in his ongoing work to create a mobile home empire and become the best of the best at what he, and his team, does.
In This Episode We Cover:
The 10 lessons Brandon learned starting Open Door Capital
Why it’s crucial to have a goal for your life and shoot towards it
Understanding when you’ve become complacent and finding inspiration
Giving up more to work with partners who will bring you far, far greater returns
Working for your employees and doing anything you can for their success
How coaching allowed Brandon to open up his mind to huge possibilities
Using a “Hunger Games” style recruiting technique when finding new talent
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
BiggerPockets Membership
BiggerPockets Book Store
Open Door Capital
BiggerPockets Podcast 403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason Drees
BiggerPockets Podcast 369: Escaping the Day-to-Day Grind to Work on Your Business with Jefferson Lilly
BiggerPockets Podcast 246: Surviving the Coming Crash, Earning 20% Returns, and Buying Mobile Home Parks with Kevin Bupp
BiggerPockets Podcast 447: Create Your Dream Life in 3-5 Years Using Vivid Visions with Cameron Herold
BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray
BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray
Pre-order Multifamily Millionaire by Brandon Turner and Brian Murray
https://www.biggerpockets.com/show479



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