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! Want to be coached by me on real estate investing? Join our Wealthy Investor program today at https://wealthyinvestor.com/podcast
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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.
