Summary
We have another one of our best snippets of the show for you this week. For this episode of the ‘Best Of’ series, we’re bringing back a highlight from our interview with Brandon Turner where we talk about doing due diligence, assessing investors’ credibility, and getting people to invest without asking for money. Find out more about our investing opportunities here www.vonfinch.com/invest
Brandon Turner is a real estate entrepreneur, investor, and VP of Growth at BiggerPockets.com. He is also the author of The Book on Rental Property Investing, The Book on Investing in Real Estate with No (and Low) Money Down, and the co-host of the BiggerPockets Podcast. In this snippet, we learn a lot from Brandon as he walks us through his process of doing due diligence in passive investing and getting people to invest without ‘begging’ for other people’s money.
Brandon also shares his golden strategy on how to get people excited about a project without overselling it, and explains why it’s okay to let go of customers and deals that will cost you in the future. Whether you’re a passive investor looking to learn a few tricks or someone that needs to attract investors to a good deal, this highlight will be a vital addition to your knowledge base.
KEY TAKEAWAYS
1. You can’t always take the conservative approach; you have to balance it out.
2. A significant part of real estate is all about math and assumptions.
3. It’s okay to fire customers if it’s going to cost you money in the long run.
4. When you’re excited about what you’re going to do, investors will feed off of your excitement.
5. Never appear desperate for money; you’re not asking for a favor, you’re offering an opportunity.
BOOKS
The Passive Investing Playbook – http://investormindset.com/passive
LINKS
Brandon Turner on Entrepreneur: https://www.entrepreneur.com/author/brandon-turner
Brandon Turner on BiggerPockets: https://www.biggerpockets.com/users/brandonatbp
Learn more about investing with Steven at http://investormindset.com/invest
