There’s a lot of buzz about real estate investing, and we get it. It is the quickest and safest way to financial independence. However, not everyone succeeds in this venture because they lack the right people, systems, and vision.
In this episode of The Mentee podcast, I invited Brandon Turner — a real estate broker, author, and speaker — to discuss investing in real estate. He talked about the fundamentals of starting a business, finding the right talent, identifying the critical factors in achieving massive growth, and much more!
Here are some power takeaways from today’s conversation:
- Stop living in the past
- Find the right people, systems, and vision
- Establish your reputation
- Only hire people who earn their spot
- Properties are businesses
Episode Highlights:
[07:05] Nobody Knows Everything
Nobody knows everything about the changing market, but you can prepare ahead of time. There are multiple sources available today that can help you in planning.
[13:07] Hire From the Top Down
Most people start their businesses from the ground up but doing that is time-consuming. Instead, hire from the top down. Find the right people, systems, and vision to achieve monumental growth.
[22:39] Hire People Who Deserve the Position
On paper, some people appear to be excellent hires. However, it’s prudent to consider employing people who have earned the position. In Brandon’s company, they adopted the practice of offering unpaid internships to find stellar talents.
[43:51] Buy Businesses
Buying land means purchasing a business. It’s the value of the land that appreciates, not the infrastructure.
Notable quotes from the Episode:
[08:32] “You can say this is what’s going to happen, and then you’ll be wrong. But it’s the act of saying this is what I think is going to happen and then doing that every single day that helps.”
[15:38] “Sometimes when you assemble the right team, you don’t hit your goal, you far exceed your goal because the right people with the right systems and the right vision—that’s where you get just monumental growth.”
[22:53] “The biggest lesson from that whole thing was that you never know how somebody is going to be until you actually work with them.”
Resources Mentioned:
Connect with Wyatt Graves: LinkedIn | Website
The Mentee Podcast: Website | Apple | Spotify
Connect with Brandon Turner: Instagram | Facebook | LinkedIn | Twitter | Linktr.ee | Website
