Brandon Turner

🏠 I help people build wealth through real estate investing… without losing their soul
🏢 14,000+ units
❤️ Jesus, Family, Beard, Real Estate Investing

[Brandon Turner @BeardyBrandon]

Hey man- I’m sorry if I got too snarky. I’ve had a rough week and let it get to me and yah, my ego took a beating all week and I overreacted in some comments. I didn’t mean to imply all investors “agree” with what happened. Lots of investors are upset. I think I said just that all investors were aware of the situation via webinars and emails, and that all investors are accredited and legal partners in the deal. I don’t want to be defensive, but I want to counter lies and misinformation when I see it, and there have been so many. Hard to know what to respond to and what to ignore. But I’ll make this my last comment on the situation. Investors know where they can find me, and I’m happy to chat with them whenever. (You included.)

[Brandon Turner @BeardyBrandon]

That said, there were 150 investors who lost money. All aware of it ahead of time. All millionaires. All accredited. Not lenders/borrowers, but partners. Yes, this sucks. Yes, they followed me into the deal and it failed.

BUT

What I struggle with is this (honestly, would love your take.)

There are millions of people in jobs they don't like, living lives they don't like, wasting away.

So by posting online about stuff like 'hey, no one is coming to save you. Take control and go build" - if that helps someone... (and maybe it won't, i dunno.) BUT if that helps someone... isn't that worth it?

I mean, it's not like i'm telling my investor's they're bad. I've appologized to them, taken ownership, given them a path to earn back.

So if, let's say, 1/2 of them are on Twitter, and half of them follow me, and half of them see the post ... we're talking about a handful of investors seeing me say to a snarky comment "don't be a victim, take ownership" and they would ALL agree with it. They wouldn't be offended.

So I guess the question is... do I potentially rob giving value to those who need it, just because the internet has opinions about me and one of my funds going bad?

[Brandon Turner @BeardyBrandon]

@VadimYuryev Yah maybe. Wrote it 3 weeks ago and scheduled it.

[Brandon Turner @BeardyBrandon]

@realdonkeyz Well - i didnt post on X. I posted on IG, and thats where they are (I think). I'm sure some are here. But yah, I get it, maybe too aggressive and bad timing.

[Brandon Turner @BeardyBrandon]

@realdonkeyz I get it. Maybe it was a bit much, but this wasnt to my investors. This was to someone who was not my investor, just a troll, being snarky. I'm telling him to stop being a victim and take responsibility for all areas of one's life.

[Brandon Turner @BeardyBrandon]

Maybe its harsh and ill regret posting it , but I have owned it... over and over and over. Said everything you just said. Over and over. They followed me. I led them. They aren't experts.

But for snarky online comments who just want to find a "gotcha" so they feel big and strong about themselves... yeah, they should take ownership of their life.

[Brandon Turner @BeardyBrandon]

Just commented this to another, but i'll repeat it. Maybe its bad taste. but here ya go. Feel free to tear this apart :)

Who's responsible? literally you. Unless someone forced you to put money into something? It sounds like it's different for you - but for me, I will NEVER give my agency (ownership/responsibility/sovereignty) over to another man or woman. The second I start blaming other people for my choices, I become a victim. Maybe you were in HK and that sucks. Sorry it went bad. (were you? Or are you just trolling me with this comment?) I've lost hundreds of thousands in other company's syndications over the past few years (3 so far). Full equity wipes. It sucks. I was just an LP. I trusted them to execute and it went south. BUT it's was my choice to invest in them, I looked at the deals, I talked with my financial advisor, I took the risk. So It's me. My responsibility. I know most people don't think this way, and that's fine. it's MUCH harder to be a man of ownership than a victim.

[Brandon Turner @BeardyBrandon]

literally you. Unless someone forced you to put money into something?

It sounds like it's different for you - but for me, I will NEVER give my agency (ownership/responsibility/sovereignty) over to another man or woman. The second I start blaming other people for my choices, I become a victim.

Maybe you were in HK and that sucks. Sorry it went bad. (were you? Or are you just trolling me with this comment?)

I've lost hundreds of thousands in other company's syndications over the past few years (3 so far). Full equity wipes. It sucks. I was just an LP. I trusted them to execute and it went south. BUT it's was my choice to invest in them, I looked at the deals, I talked with my financial advisor, I took the risk. So It's me. My responsibility.

I know most people don't think this way, and that's fine. it's MUCH harder to be a man of ownership than a victim.

[Brandon Turner @BeardyBrandon]

I dont need to convince anyone. I don't fear what people think about me online or anywhere. My investors get it, they aren't the one's complaining. And they can call me and talk to me when they have an issue or question.

If I had operationally screwed up this deal, and mismanaged something ... that's a different story. These are big boy and girl investors, who partnered on a deal that didn't work out the way we all wanted.

[Brandon Turner @BeardyBrandon]

@AnandDugar40661 @JoeHoulihan35th @BradSumrok I literally haven't raised for a real estate deal in years. Calm down buddy. Maybe go outside for a bit.

[Brandon Turner @BeardyBrandon]

@LandlordRescue @ChadGriffiths @arjunarora_ Did you know posting false information on Twitter to disparage someone is illegal ?

[Brandon Turner @BeardyBrandon]

Man I got like $0 in fees, personally. Not that you’ll believe any of this, and not that it matters, but in the rare chance your a normal person and not a bot or troll: Total fees on the purchase was like 2% of 70M, so maybe $1.4M. That was split between all GPs, of which I’m like.. maybe 20% total? So maybe $300k went to my company, open door capital. And of that, we have employees who get paid salaries, far more than $300k. I take around a $100k a year salary and donate it to charity, and always have (irs doesn’t want me to take $0.) I didn’t win from this. I lost too.

Besides- funny, I don’t think a single investor that lost money has asked for that. Only random internet people with little knowledge of how a real estate fund works. My LPs (limited partners) are partners. Literal partners. They knew the risk, they knew the reward. Many have made money in our other deals that have made tons of profits. In a partnership, where some people bring cash and others manage the deal, when the deal goes bad, the operators dont go and bankrupt themselves to give back fees, unless their was fraud or gross negligence (cue the comments on how I’m the fraudster, but it’s fine.) Every investor is a millionaire, and most of them are real estate investors already. They know it sucks, and they know the business.

I’m not saying that makes it better - it still sucks. But no one here got rich on fees. No jets were bought, no houses bought, no Tiffany earrings purchased. We formed with a few hundred capital partners, that company failed, and we move on to hopefully more deals that will make them much more than they lost.

[Brandon Turner @BeardyBrandon]

@beallthere What post? It was on IG :)

[Brandon Turner @BeardyBrandon]

@robbiehendricks @arjunarora_ Dude this was a great post. Thanks :)

[Brandon Turner @BeardyBrandon]

@sheznic Me too :) wouldn’t that be a great story?

[Brandon Turner @BeardyBrandon]

@JoeHoulihan35th @realkellye @DisruptEquity @InvestClearly That’s not my website, calm down Chicago. And by SEC law, you can’t only put the good ones.

[Brandon Turner @BeardyBrandon]

Probably not. But I might not need em. Just if things get worse, would be nice to have lots of cash. $13M could have saved investors on this one. I’d like to have it if I need it again.

The loan company has the best shot. Would need to 10x revenue in 3 years, then sell at a 6x multiple of ebita. Not impossible. But long shot, for sure.

Most likely on the 2-3 deals that I’m talking about , we will end up refinancing and add 5-10 years to the plan to get investors paid back. Sucks. Or cap rates will fall and we’ll exit faster. But I don’t wanna assume that.

But all off those deals make up less than 15% of the portfolio, everything else is fine with fixed long debt. Hopefully… unless ai bankrupts everyone.

[Brandon Turner @BeardyBrandon]

@SahilBloom @robbiehendricks @augustagarei @realkellye Wise.

[Brandon Turner @BeardyBrandon]

@Rileywwilkinson @GenZMultifamily Riley, thanks man. I’m not a popular guy to defend right now 🤣