Show notes
Think you have to be rich to invest in real estate? Think again. No matter how much money you have (or don't have), there is an investing strategy for you. And owning tangible assets like real estate is the BEST way to build true wealth for yourself, your family and future generations.
Brandon Thompson is the Real Estate Investor and Coach behind REI Society, the education platform and podcast that helps ambitious people start and scale their own real estate investing business. With nearly two decades of experience, Brandon has bought and sold more than 1,500 properties and managed $25M in private capital from all over the globe. Today, Brandon is 38 years old, and his portfolio earns $1M per year in residual income.
On this episode of Destined to Be, Brandon joins us to share his journey in real estate, explaining how he acquired 20 rentals by the age of 22 and what he learned from losing it all in the crash of 2008. He walks us through the four real estate strategies he teaches, discussing how to decide whether wholesaling, flipping, long-term or vacation rentals is right for you. Listen in for insight on the freedom that comes with owning tangible assets and get Brandon's advice on building the kind of wealth that will weather any economic cycle.
Key Takeaways Brandon's journey from flipping pizzas to flipping houses
How Brandon acquired 20 rentals by the age of 22
What Brandon learned from the crash of '08 about preparing for economic cycles
Why Brandon recommends saving at least 25% of your net worth
The connection between taking real pride in your work and having a fulfilling life
Brandon's advice on buying assets (e.g.: businesses, real estate or IPOs)
The freedom that comes with owning tangible assets
How to decide whether wholesaling, flipping, long- or short-term rentals is the right real estate strategy for your current circumstances
Why the decision to buy or lease your home depends on the market where you live
Brandon's insight on the tax advantages of investing in real estate
The creative real estate projects Brandon is working on now
How Brandon thinks about failure as part of the journey
Connect with Brandon REI Society
REI Society Podcast
Brandon on Instagram
Connect with Jeremiah & Mallory Destined to Be Podcast
Destined to Be on Instagram
Jeremiah on Instagram
Mallory on Instagram
Level Up Entourage Facebook Group
Resources Dean Graziosi
Robert Kiyosaki
Kevin Trudeau
Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth by Robert G. Allen
Jake and Gino's Real Estate Courses